Economic Development

  • Population


    Total Population:

    According to JobsEQ, the total population within a 10-mile radius from Monett Downtown is 33,540.


    Population Growth Over the Past Decade:

    Based on data from the U.S. Census Bureau, Monett's population has experienced a growth rate of 10.26% over the last

    10 years.


    Expected Population in 10 Years:

    According to JobsEQ's projections, in 2033, the expected population in Lawrence County will be 40,505, and in Barry County, it will be 37,661

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  • Household


    Average Household Size:

    The average household size in Monett is 2.69, as per the 2017-2021 ACS 5-year estimate survey.


    Household Size Changes in the Last Decade:

    The average household size in Monett was 2.57, as reported by the 2010 Census Bureau data.


    Median Household Income:

    According to JobsEQ, the median household income in the 10-mile radius from Downtown Monett is $49,079.


    Median Home Value:

    The median home value in the 10-mile radius from Downtown Monett is $115,953, according to JobsEQ.


    Percent of Renter-Occupied Units:

    Approximately 30% of housing units within the 10-mile radius from Downtown Monett are renter-occupied, as reported

    by JobsEQ.

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  • Real Estate Property Data

    Based on the 2021 ACS 5-year estimate survey, the distribution of housing units in Monett, MO, is as follows:


    • 0% of total housing units were built after 2020.
    • 2.4% of total housing units were built between 2010-2019.
    • 13.2% of total housing units were built between 2000-2009.
    • 84.4% of total housing units were built in 1999 or before.
    • Regarding home values of owner-occupied units in Monett, MO:
    • 46.95% of owner-occupied units are valued up to $99,999.
    • 32.75% of owner-occupied units are valued between $100,000 and $199,999.
    • 12.45% of owner-occupied units are valued between $200,000 and $299,999.
    • 6.98% of owner-occupied units are valued between $300,000 and $499,999.
    • 0.84% of owner-occupied units are valued over $500,000
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  • Labor Force


    Number of Open Positions:

    As of the latest data available, there are currently 415 job openings in Monett, MO, based on JobsEQ's findings.


    Labor Force Participation Rate:

    JobsEQ reports a labor force participation rate of 60.6% within the 10-mile radius from Downtown Monett.


    Job Growth Over the Last Decade:

    According to JobsEQ, employment in Monett, MO, has decreased from 8,200 people in Q1 2013 to 7,749 people in Q4

    2022.


    Unemployment Rate:

    In May 2023, the unemployment rate in Barry County was 3.3%, and in Lawrence County, it was 3.0%, both below the national average.


    Median Age:

    The median age of residents within the 10-mile radius from Downtown Monett is 38.1 years, based on JobsEQ data.

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  • Highest Education Attained

    In the 10-mile radius from Downtown Monett, JobsEQ reveals the distribution of education levels as follows:


    • 14.8% do not have a high school diploma
    • 36% graduated high school
    • 21.8% have some college but did not finish
    • 9.5% have an associate's degree
    • 13.6% have a bachelor's degree
    • 4.3% have a postgraduate degree.
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How does the Monett Area Chamber of Commerce positively influence economic development? 

Facilitating as conveners and drivers of the  plan, and orchestrating the stakeholders and resources to implement the initiatives.

Business Advocacy and Policy Influence

Chambers often advocate for policies that support local businesses, such as tax incentives, streamlined regulations, and infrastructure improvements. These policies can attract new businesses and stimulate economic growth. 

Business Networking and Partnerships

Chambers facilitate networking opportunities for local businesses to connect with each other and potential clients or partners. These connections can lead to new business opportunities and collaborations.

Infrastructure Development

Chambers may advocate for infrastructure improvements, such as transportation, broadband access, and utilities, which can attract new businesses and support existing ones.

Economic Data and Research

Chambers often conduct research on the local economy, providing valuable data on market trends and growth opportunities. This information can guide business decisions and attract investments.

Support for Small Businesses

Chambers provide resources and support for small businesses, including mentoring, training, and access to financing. Small businesses are often a significant driver of economic development in communities.

Financial Resources and Grants

Chambers may assist local businesses in accessing grants, subsidies, or funding opportunities that can support expansion, innovation, and job creation.

In summary, investing in the Monett Area Chamber of Commerce has a positive impact on economic development in the community by serving as a hub for business support, advocacy, and collaboration. By promoting local businesses, advocating for favorable policies, and facilitating partnerships, the Monett Area Chamber contributes to the overall economic well-being and prosperity of the community.

Partnerships

The Monett Chamber of Commerce is thrilled to announce a dynamic partnership with the Springfield Area Economic Partnership, forging a strategic alliance that promises to boost regional economic growth and innovation. Together, they aim to empower businesses and foster a thriving economic ecosystem throughout the Ozarks