Forbes Names Palm Coast "One of the Top 10 Best Small Places for Business and Careers"

Palm Coast is home to many mid-size businesses with the largest corporation, Palm Coast Data, being one of the community’s largest employers. Palm Coast is home to several attractions such as Belle Terre Park, Bird of Paradise Nature Reserve, Heroes Park and Waterfront Park among others. The town’s extensive canal system and Intracoastal Waterway allows for year-round boating and supports a thriving ecosystem of wildlife.

We consider 12 metrics relating to job growth (1-year, 5-year and projected 3-year), costs (business and living), income growth over the past five years, educational attainment (college and high school) and projected economic growth through 2016. We also factor in net migration patterns over the past five years, as well as cultural and recreational opportunities. Lastly we included the number of highly ranked colleges in an area per our annual college rankings. We give the most weighting to business costs and educational attainment in the overall ranking.

At a Glance

Metro Population: 100,800
Major Industries: Technology, Tourism
Gross Metro Product: $2.0 B
Median Household Income: $49,350
Median Home Price: $152,800
Unemployment: 9.2%
Job Growth (2013): 1.7%
Cost of Living: 3.5% below nat'l avg
College Attainment: 23.6%
Net Migration (2013): 590

#7 Best Small Places for Business and Careers

#55 in Cost of Doing Business
#10 in Job Growth
#77 in Education

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