Clarksville- Main File

DUO PEER REGIONS
The duo peer region analysis brought forth two duo peer regions. Those peer regions are Tuscaloosa
and Birmingham, Alabama, and Topeka and Kansas City, Kansas. Each cities economy has been
broken out in Table 19. Here we can view industry and demographic similarities based on economic
traits and trends. One trend that stands out is the low cost of living across all duo peer regions. All
but two are below the national average (100) and the two above it (Birmingham and Kansas City)
are within a single decimal point of being the national average. Because of this, it can be assumed
that each of these cities are relatively affordable places to live, which adds to the spending power
for people living in any of these cities. A lower cost of living can make an area more attractive to
business and talent alike.
TABLE 19: Duo Peer Regions, MSAs, All Industries
MSA DUOS
POPULATION
(2017)
TOTAL
INDUSTRY
JOBS (2017)
CURRENT
AVERAGE
EARNINGS
COL
INDEX
BACHELOR’S
DEGREE OR
HIGHER %
GRP
Clarksville 285,375 126,375 $49,431 94.8 13.4% $12,719,800,350
Nashville 1,895,156 1,033,229 $59,589 99.6 21.4% $113,579,180,412
MSA Combination from
Tennessee
2,180,532 1,159,604 $58,482 99.1 20.4% $126,298,980,762
Tuscaloosa 243,350 112,163 $49,620 95.8 15.7% $11,849,195,973
Birmingham 1,151,214 545,238 $57,271 100.4 19.1% $58,679,143,952
MSA Combination from
Alabama
1,394,565 657,402 $55,966 99.6 18.5% $70,528,339,926
Topeka 232,990 121,824 $50,451 98.7 18.3% $10,537,398,969
Kansas City 2,119,174 1,142,475 $59,788 100.9 23.1% $120,976,430,762
MSA Combination from
Kansas
2,352,164 1,264,299 $58,888 100.7 22.6% $131,513,829,731
Source: Emsi
A benchmark variable used throughout this study was the percentage of GRP that is made up of
manufacturing industries and the amount of manufacturing jobs each of these regions have. Using
the same citiess as above, data for manufacturing for each city is shown in Table 20.
The percentage of manufacturing that contributes to total GRP in Clarksville is 11.1%. The two cities
comparable in size, Tuscaloosa and Topeka, have manufacturing industries that make up 38.0%
and 9.3% of their GRP. This suggests that Clarksville has more in common from a manufacturing
standpoint with Topeka, rather than Tuscaloosa. Likewise, Nashville is more comparable with Kansas
City, 11.1% and 12.8%, than with Birmingham, 7.9%. That being said, there is much to be gained
in studying the Tuscaloosa manufacturing sector. Job growth in the Tuscaloosa manufacturing
industry was 3.1% from 2016 to 2017, verses manufacturing job growth in Clarksville and Topeka,
of 0.2% and 0.1% respectively.
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COMPREHENSIVE LABOR ANALYSIS: CLARKSVILLE-MONTGOMERY COUNTY