Version User Scope of changes
Sep 17 2009, 9:57 AM EDT (current) EricPatrickMarr 80 words added, 55 words deleted
Aug 12 2009, 10:54 PM EDT EricPatrickMarr 1 word added, 1 word deleted

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Lexington's "Job Creation Matrix"
Revealed by an Open Records Request submitted to LFUCG on July 2, 2009

Fiscal Year
Lex. Jobs Created
Average Salary
 Greater Austin Area
2005
1523
$25.8K
 2004 - 2008
2006
1183
$34.7K
 Note:
2007
589
$30.9K
 Austin 3 1/2 times
2008
1037
$32.6K
 larger than Lex.
2009
356
$25.8K
Total
4688 (Fayette Co.)
Entire BG Area
(4742 new jobs)
Avg. Lex Salary = $30,399
(Avg. BG Salary from new jobs = $30,215) 		121,800 New Jobs
(divided by 3 1/2 =
34,800 new jobs)
Avg. Salary = $45,977


Quick Analysis:
We have to account for Austin's size, about 3/12 times larger than Lexington.
So scaling it, the Austin area created roughly 7 1/2 times more jobs than Lexington did.
Also, those new jobs in Austin paid about 50% more than the new jobs in the Bluegrass area.

Further Notes:
In 2007, there was $690M of venture capital invested into the Austin economy. In 2008, Lexington had just $68M.

Comparative Analysis:
Lexington's (Adjusted & Non-Adjusted) Per Capita Income vs. Other Cities
Latest PCI Data from 2007, Lates CoLI from 2009
Analysis: Compared to Louisvillians, Lexingtonians earn 10.3% less "real" money Lexingtonians earn Per 37%Capita percentIncome lessfrom thanthe Atlantans 17.2%US lessDepartment thanof Charlottans 20.3%Commerce, lessBureau thanof theEconomic averageAnalysis Pittsburgh'er(2007)

** Cost of Living Indexes from Kiplinger's, based on the ACCRA Index.

Cost of Living Index - How it's Configured:
Housing 29%
Groceries 13%
Utilities 10%
Transportation 9%
Healthcare 4%
Misc. Goods/Services 35%

** PerChicago Capita(and Incomemost frommega-metropolitan theareas) UScan Departmentarguably ofbe Commerce,calculated Bureauby ofdifferent Economicmethodologies. For Analysisinstance, (2007)Winchester is not really considered Lexington, but Naperville is considered "Chicagoland."



City
Per Capita Income
Cost of Living Index
Adjusted Per Capita Income
 % Higher
than Lex
Atlanta
$54.2K
94
$57.5K
 37%
Alexandria $70.6K 138 $51.2K
 22%
Pittsburgh
$46.7K
92
$50.4K
 20%
Charlotte
$45.5K
92
$49.1K
 17%
Nashville
$43.4K
88
$48.6K
 16%
Cincinnati
$42.7K
90
$47K
 11%
Louisville
$41.6K
89
$46.2K
 10%
San Francisco $61K 137 $44.5K
 6%
Madison
$43.6K
100
$43.6K
 4%
AustinSeattle
$40.4K$49.4K
94114
$42.9K$43.3K
 3.3%
Austin
 $40.4K 94 $42.9K 2.4%
Indianapolis
$37.9K
88
$42.5K
 1.4%
Lexington
$39.9K
95
$41.9K
 ---
Columbus, OH
$38.6K
94
$40.9K
 -2.4%
Ann Arbor, MI
$40.9K
100
$40.9K
 -2.4%
Chicago**
 $45.2K 113 $40K -4.5%