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Ormond Beach Observer Tuesday, Feb. 12, 2013 8 years ago

Report: Ormond Beach wages stagnant


Average wages in the Deltona-Daytona Beach-Ormond Beach metro area have haven't changed the past 24 months.


Seven metropolitan areas experienced zero wage growth the past 24 months in the United States, and the Deltona-Daytona Beach-Ormond Beach was one of them.

The area’s average wage in 2012 was $17.32, a decrease of 14.7% from the previous two years, when adjusted for inflation.

A report published on states: "According the U.S. Bureau of Labor Statistics, wages over the last two years have increased by 4.7% nationally, from $22.79 per hour in 2010 to $23.87 at the end of 2012. However, when inflation is considered, which (is) up 4.8% over the same period, wage growth looks flat, if not even a hair negative."

The Deltona-Daytona Beach-Ormond Beach area was tied for 15th worst economic region in the country, which is in the bottom 4%. The wage drop in Palm Coast is tied for 17th worst in the U.S., putting it in the bottom 4.5% of metropolitan statistical areas.

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