2 min read
Posted on 04.28.05
  • 2 min read
  • Posted on 04.28.05

In preparation for tomorrow’s State of the City speech, I asked the researchers to put together a snap-shot of our economy. Here are some interesting facts about the City of St. Louis:

CITY/DOWNTOWN BUSINESSES:

  • Seven of the ten largest regional law firms are located downtown.
  • Four of the top ten publicly owned companies in the metropolitan St. Louis area are located downtown.
  • Five of the region’s top ten architectural firms in the region are located downtown.
  • Four of the eight largest accounting firms in the region are located downtown.
  • Six of the nine largest hotels in the region are located downtown.
  • All of the region’s major league sports franchises are located downtown.
    5% of Missouri’s businesses are located in the City.

    CITY/DOWNTOWN JOBS:

  • Approximately 225,000 jobs in City of St. Louis — 8.3% of all Missouri jobs.
  • Approximately 90,000 jobs in downtown St. Louis, with another 43,000 jobs in adjacent neighborhoods.
  • 8,200 businesses in City of St. Louis — 5% of all Missouri businesses.
  • Average business size is 27 employees — 50% higher than St. Louis County.
  • City area only 61 square miles.

    WAGES:

  • Highest wage rate in region, and probably in Missouri— $42,500 per year, compared to $40,800 in St. Louis County and $36,600 in St. Charles County (as of end of 2003).
  • City accounts for nearly 12% of Missouri’s wage base.

    POPULATION:

  • After five decades of population loss, City’s population stabilized in 2003 and is increasing in 2004 — current estimate is approximately 349,000.
  • This should challenge some of the stereotypes.
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