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Terrebonne Parish's economy grows stronger every day. With a flourishing population and low unemployment rate, the parish's workforce continues to expand, and the real estate market holds strong. Houma, the retail hub of the four-parish Bayou Region, has documented soaring retail sales.
HOTEL AND MOTEL SALES
The hotel and Motel Tax Receipts statistic indicates the amount of taxes received by the parish for hotel and motel occupancy. Every time an individual pays for his or her room, a parish tax is assessed. The statistics for the most recent months are illustrated in the following graph.
The collection of sales tax receipts is congruent with the collection of Hotel and Motel Tax Receipts.
RESIDENTIAL BUILDING PERMITS
The number of new residential and commercial building permits indicates the number of new home and business permits authorized by the local planning commission each year. This report provides a snapshot of the amount of growth for the parish.
RETAIL SALES POTENTIAL
A retail sales potential report indicates the total dollar amount spent by consumers on retail goods and services in the Houma-Terrebonne retail area. It is further broken down into sales distribution statistics by industries. The Retail Sales Distribution statistic categorizes the retail industries and reports the percentage contribution of each. For instance, food sales represent 15.88% of the retail market. For a detailed report of the retail sales potential in our retail statistical area, please download the Retail Sales Potential Detail.
COST OF LIVING INDEX
Not only is Terrebonne Parish "The Good Earth" by name, but its cost of living allows its residents to live, work, and have fun affordably. Refer to the Cost of Living Index for details.
UNEMPLOYMENT RATE
There are many statistics that explain a great deal about a region's economy, but workforce statistics arguably tell the most complete story.
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