Ventura County Income Charts

This section shows the Ventura County California economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Ventura County shows it has a Median earnings of $54,348 which is the second most median earnings of all the counties in the greater Ventura County region. The county with the highest median earnings per worker in the area is Orange County which depicts a median earnings of $57,311 (only about 5.5% larger). Comparing median earnings per worker to the United States average of $49,041, Ventura County is 10.8% larger. Also, measured against the state of California, median earnings per worker of $52,896, Ventura County is only about 2.7% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $88,131 which is the second most median income of all the counties in the greater Ventura County region. The county with the highest median household income in the area is Orange County which shows a median income of $90,234 ( only slightly larger). Comparing median household income to the United States average of $62,843, Ventura County is 40.2% larger. Also, compared to the state of California, median household income of $75,235, Ventura County is 17.1% larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.1 which is the third most average hours of all other counties in the greater Ventura County region. The county with the highest average hours in the area is Kings County which depicts an average hours of 40.1 (only about 5.2% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $27.43 which is the third most average hourly earnings of all other counties in the greater Ventura County region. The county with the highest average hourly earnings in the area is Orange County which shows an average hourly earnings of $28.93 (only about 5.5% larger). Comparing average hourly earnings to the United States average of $24.31, Ventura County is 12.9% larger. Also, measured against the state of California, average hourly earnings of $26.63, Ventura County is only about 3.0% larger.

Figure 7 examines the number of self employed people in the Ventura County metro area based on the number of people who reported any self employment income. Ventura County depicts it has a Self Employed of 15.4% which is in the mid range of other counties in the metro area. The county with the highest percentage of people self employed in the area is Los Angeles County which shows a percentage self employed of 16.0% (only about 4.1% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $89,007 of the total and is ranked #2. The only larger county being Orange County with $93,880. Second, it has one of the largest proportions of median income-25 to 44 years at $105,025 of the total and is ranked #2. The only larger county being Orange County with $107,021. Third, it has the largest proportion of median income-45 to 64 years at $65,488 of the total and is ranked #1.

Figure 9 breaks down the source of income and Ventura County has the smallest proportion of social security at 0.4% of the total.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 21.0% which is the second most households with retirement income of all the counties in the greater Ventura County region. The county with the highest households with retirement income in the area is San Luis Obispo County which shows a households with retirement income of 25.0% (19.0% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $99,221 of the total and is ranked #2. The only larger county being Orange County with $110,268. Second, it has the largest proportion of white family income at $95,326 of the total and is ranked #1. Third, it has the largest proportion of black family income at $101,705 of the total and is ranked #1. Also, it has the largest proportion of american indian family income at $125,556 of the total and is ranked #1. In addition, it has one of the largest proportions of asian family income at $106,156 of the total and is ranked #2. The only larger county being Santa Barbara County with $126,597. Furthermore, it has the largest proportion of hawaiian family income at $70,423 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Ventura County depicts it has the hightest cost of 232.5 for the cost of housing grouping.

Ventura County Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It depicts that from January 2006 to before the disasterous COVID Pandemic the monthly unemployment rate went from 4.7% to 4.4% in March 2020. This represents a decrease in the monthly unemployment rate of 6.4%. Since that time, the monthly unemployment rate has gone to 6.7% This represents an increase in the monthly unemployment rate of 52.3%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It depicts that from February 2010 to before the disasterous Covid-19 virus Pandemic the monthly labor force participation went from 428,124 to 424,746 in February 2020. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 420,029 This represents a decrease in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Ventura County depicts it has a Unemployment Rate of 3.3% which is less than most other counties in the local area. The county with the highest unemployment rate in the area is Kern County which shows a rate of 5.7% (72.1% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Ventura County shows it has a Labor Force Participation of 65.6% which is the second most participation rates of all the counties in the greater Ventura County region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Ventura County depicts full time employees approximately 2.9 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Ventura County area. Ventura County depicts it has a Single Earner Families of 30.6% which is less than most other counties in the metro area. The county with the highest families with a single earner in the area is Kern County which shows a single earners rate of 36.8% (20.4% larger). The percentage of families with no one working is depicted in Figure 22. Ventura County depicts it has a Families with No One Working of 15.0% which is in the mid range of other counties in the surrounding region. The county with the highest families with no one working in the area is San Luis Obispo County which depicts a families with no worker of 22.2% (48.0% larger).

Ventura County Poverty Charts

The next section details economy analysis about poverty for residents of the Ventura County community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Ventura County depicts it has a Total In Poverty of 74,645 which is in the center range of other counties in the local area. The county with the highest total people earning less than the poverty level in the area is Los Angeles County which depicts a total people earning less than the poverty level of 1,480,446 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Ventura County depicts it has a Percent of Population In Poverty of 8.9% which is the smallest when sorted by percent of people earning less than the poverty level of all the other counties in the greater region. The county with the highest percent of people earning less than the poverty level in the area is Kern County which depicts a percent of people in poverty of 21.0% (approximately 2.3 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Ventura County has the smallest proportion of person in poverty 12 to 17 years at 24% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 10% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Ventura County has the smallest proportion of white poverty rate at 11% of the total. Second, it has one of the largest proportions of black poverty rate at 24% of the total and is ranked #2. The only larger county being Kern County with 25%. Third, it has the smallest proportion of american indian poverty rate at 5% of the total. Also, it has the second smallest in order of white poverty rate of all the other counties in the area when ranked by asian poverty rate at 5% of the total. In addition, it has the smallest proportion of hawaiian poverty rate at 13% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Ventura County has the percentage of married with children and in poverty the second smallest in order of married with children and in poverty of all the other counties in the local area at 27% of the total. Second, it has the smallest proportion of unmarried with children and in poverty at 30% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Ventura County has the smallest proportion of highschool graduate and in poverty at 6% of the total. Second, it has the smallest proportion of has some college and in poverty at 3% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Ventura County has the smallest proportion of people who are in poverty and unemployed at 17.9% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Ventura County shows it has a Public Assistance Percent of 8.0% which is less than most other counties in the local area. The county with the highest households with public assistance in the area is Kern County which depicts a households with public assistance of 17.7% (approximately 2.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Ventura County shows it has a Gini Index of 44.5% which is the second smallest as measured by the gini index of all the other counties in the metropolitan area.

Ventura County Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Ventura County has the largest proportion of people who leave for work between 6am to 630am at 10% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 12noon to 4pm at 5% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Ventura County has the percentage of people with commute time of less than 5 minutesutes less than most other counties in the greater region at 9% of the total. Second, it has less than most other counties in the local area when ranked by people with commute time between 5 to 9 minutes at 13% of the total. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 15% of the total and is ranked #1.

The average commute time is shown in Figure 37. Ventura County depicts it has a Avg Commute Time of 27 which is the third most of all other counties in the surrounding region. Figure 38 shows the difference between male versus female commuting time. Ventura County depicts average commute time in minutes for men 41.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Ventura County has the smallest proportion of no vehicle available at 13% of the total. Second, it has the smallest proportion of 1 vehicle available at 37% of the total. Third, it has the largest proportion of 2 vehicles available at 25% of the total and is ranked #1. Also, it has the largest proportion of 3 vehicles available at 15% of the total and is ranked #1. In addition, it has the largest proportion of 4 vehicles available at 9% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Ventura County depicts it has a Work in city or place where live of 37% which is less than most other counties in the local area. The county with the highest people who both work and live in the same city in the area is Kern County which depicts a people who both work and live in the same city of 51% (38.2% larger). Comparing people who both work and live in the same city to the United States average of 42%, Ventura County is about 12.8% smaller. Also, compared to the state of California, people who both work and live in the same city of 37%, Ventura County is about the same size.

Ventura County Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Ventura County depicts it has the hightest median earnings of $102,416 for the earnings-computer, engineering, and science occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Ventura County shows it has the hightest median earnings of $87,183 for the earnings-computer, engineering, and science occupations group. The table in Figure 48, shows Ventura County employment data in terms of job categories and salary data.

Ventura County Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Ventura County shows it has the hightest entrepreneurs of 60% for the self employed management, business, science, and arts businesses classification.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Ventura County shows it has the hightest entrepreneurs of 25% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Ventura County depicts it has a Self Employment Income of $47,732 which is the second most of all the counties in the metro area. The county with the highest average annual self employment income in the area is Orange County which depicts an average annual self employment income of $50,312 (only about 5.4% larger). Comparing average annual self employment income to the United States average of $39,154, Ventura County is 21.9% larger. Also, benchmarked against the state of California, average annual self employment income of $45,895, Ventura County is only about 4.0% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Ventura County shows total number of self-employed men 54.4% larger as the total number of self-employed women.