Twin Lakes CDP-Adams County Colorado Income Charts

This section shows the Twin Lakes CDP-Adams County Colorado economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Twin Lakes CDP-Adams County depicts it has a Median earnings of $51,664 which is is the uppermost of the places in the greater Twin Lakes CDP-Adams County region. Comparing median earnings per worker to the United States average of $53,269, Twin Lakes CDP-Adams County is only about 3.1% smaller. Also, compared with the state of Colorado, median earnings per worker of $57,852, Twin Lakes CDP-Adams County is about 12.0% smaller.

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 $78,310 which is at the top of all other places in the greater Twin Lakes CDP-Adams County region. Comparing median household income to the United States average of $69,021, Twin Lakes CDP-Adams County is 13.5% larger. Also, measured against the state of Colorado, median household income of $80,184, Twin Lakes CDP-Adams County is only about 2.4% smaller.

The next section examines a variety of different income statistics for the Twin Lakes CDP-Adams County metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 the second smallest as measured by median earnings of less than $10,000 of all the other places in the local area at 2.5% of the total. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 11.2% of the total and is ranked #1. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 12.9% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.1 which is the second most average hours of all the places in the greater Twin Lakes CDP-Adams County region. The place with the highest average hours in the area is Federal Heights which depicts an average hours of 39.2 ( about the same size). 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 $25.41 which is the second most average hourly earnings of all the places in the greater Twin Lakes CDP-Adams County region. The place with the highest average hourly earnings in the area is North Washington CDP which shows an average hourly earnings of $28.65 (12.8% larger). Comparing average hourly earnings to the United States average of $26.40, Twin Lakes CDP-Adams County is only about 3.9% smaller. Also, versus the state of Colorado, average hourly earnings of $28.53, Twin Lakes CDP-Adams County is about 12.3% smaller.

Figure 7 examines the number of self employed people in the Twin Lakes CDP-Adams County metro area based on the number of people who reported any self employment income. Twin Lakes CDP-Adams County shows it has a Self Employed of 11.7% which is the second most people self employed of all the places in the greater Twin Lakes CDP-Adams County region. The place with the highest percentage of people self employed in the area is Berkley CDP which depicts a percentage self employed of 13.8% (17.6% larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $114,457 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $83,571 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $54,836 of the total and is ranked #3. Only #2 Berkley CDP ($68,942), and #1 Shaw Heights CDP ($69,271) are larger.

Figure 9 breaks down the source of income and Twin Lakes CDP-Adams County has the smallest proportion of investment and retirement income at 5.0% 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 23.3% which is ranked #1 of all places in the greater Twin Lakes CDP-Adams County region.

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 $84,439 of the total and is ranked #2. The only larger place being Welby CDP with $86,992. Second, it has in the mid range of other places in the local area in terms of hawaiian family income at $62,546 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Twin Lakes CDP-Adams County shows it has the hightest cost of 150.2 for the cost of housing grouping.

Twin Lakes CDP-Adams County Colorado 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 February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 9.8% to 3.5% in February 2020. This represents a decrease in the monthly unemployment rate of 64.3%. Since that time, the monthly unemployment rate has gone to 3.7% This represents an increase in the monthly unemployment rate of 5.7%. 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 Coronavirus Pandemic the monthly labor force participation went from 60,342 to 66,683 in March 2020. This represents an increase in the monthly labor force participation of 10.5%. Since that time, the monthly labor force participation has gone to 68,487 This represents an increase in the monthly labor force participation of 2.7%.

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 Twin Lakes CDP-Adams County depicts it has a Unemployment Rate of 4.7% which is the largest of all places in the local area. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Twin Lakes CDP-Adams County shows it has a Labor Force Participation of 70.5% which is in the mid point range of other places in the greater region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Twin Lakes CDP-Adams County has the largest proportion of employed at 4.7% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Twin Lakes CDP-Adams County shows full time employees approximately 3.7 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 Twin Lakes CDP-Adams County area. Twin Lakes CDP-Adams County shows it has a Single Earner Families of 40.1% which is the second most families with a single earner of all the places in the greater Twin Lakes CDP-Adams County region. The place with the highest families with a single earner in the area is North Washington CDP which depicts a single earners rate of 100.0% (approximately 2.5 times bigger). The percentage of families with no one working is depicted in Figure 22. Twin Lakes CDP-Adams County depicts it has a Families with No One Working of 6.7% which is the second smallest when ranked by families with no one working of all the other places in the metropolitan area. The place with the highest families with no one working in the area is Sherrelwood CDP which shows a families with no worker of 16.9% (approximately 2.5 times bigger).

Twin Lakes CDP-Adams County Colorado Poverty Charts

The next section details economy analysis about poverty for residents of the Twin Lakes CDP-Adams 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. Twin Lakes CDP-Adams County shows it has a Total In Poverty of 695 which is less than most other places in the greater region. The place with the highest total people earning less than the poverty level in the area is Federal Heights which depicts a total people earning less than the poverty level of 2,831 (approximately 4.1 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Twin Lakes CDP-Adams County depicts it has a Percent of Population In Poverty of 9.1% which is less than most other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is North Washington CDP which shows a percent of people in poverty of 70.1% ( considerably bigger).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Twin Lakes CDP-Adams County has one of the largest proportions of white poverty rate at 17% of the total and is ranked #2. The only larger place being Berkley CDP with 27%. Second, it has one of the largest proportions of american indian poverty rate at 16% of the total and is ranked #3. Only #2 Federal Heights (17%), and #1 Berkley CDP (37%) are larger. Third, it has in the mid point range of other places in the local area in terms of hawaiian poverty rate at 12% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Twin Lakes CDP-Adams County has the percentage of married with children and in poverty in the center range of other places in the local area at 21% of the total. Second, it has less than most other places in the local area as measured by unmarried with children and in poverty at 19% of the total. Third, it has one of the largest proportions of unmarried female with children and in poverty at 26% of the total and is ranked #3. Only #2 Federal Heights (40%), and #1 Welby CDP (48%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Twin Lakes CDP-Adams County has the percentage of has some college and in poverty the second smallest in order of less than highschool in poverty of all the other places in the metro area at 3% 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.) Twin Lakes CDP-Adams County shows it has a Public Assistance Percent of 7.2% which is the smallest in order of households with public assistance of all the other places in the metropolitan area. The place with the highest households with public assistance in the area is North Washington CDP which shows a households with public assistance of 22.1% (approximately 3.1 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Twin Lakes CDP-Adams County shows it has a Gini Index of 43.4% which is the third most the gini index of all other places in the greater Twin Lakes CDP-Adams County region.

Twin Lakes CDP-Adams County Colorado Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Twin Lakes CDP-Adams County community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Twin Lakes CDP-Adams County has the largest proportion of people who bicycle or walk to work at 10% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Twin Lakes CDP-Adams County or elsewhere.) Twin Lakes CDP-Adams County has the largest proportion of people who take a Subway or elevated rail at 1% of the total and is ranked #1. Second, it has the largest proportion of people who take the Long-distance train or commuter rail at 0% of the total and is ranked #1. Third, it has the largest proportion of people who bike at 1% of the total and is ranked #1. Also, it has the largest proportion of people who work from home at 10% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Twin Lakes CDP-Adams County has the largest proportion of people who leave for work between 530 am to 6am at 16% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 9am to 10am at 4% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 10am to 11am at 3% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Twin Lakes CDP-Adams County has the percentage of people with commute time of less than 5 minutesutes the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the local area at 3% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 7% of the total. Third, it has the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the greater region as measured by people with commute time between 10 to 14 minutes at 15% of the total. Also, it has the largest proportion of people with commute time between 25 to 29 minutes at 21% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 6% of the total and is ranked #1.

The average commute time is shown in Figure 37. Twin Lakes CDP-Adams County depicts it has a Avg Commute Time of 28 which is less than most other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Twin Lakes CDP-Adams County shows average commute time in minutes for men about twice as large as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Twin Lakes CDP-Adams County has the percentage of no vehicle available the second smallest in terms of no vehicle available of all the other places in the local area at 12% of the total. Second, it has the largest proportion of 1 vehicle available at 39% 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.) Twin Lakes CDP-Adams County depicts it has a Work in city or place where live of 13% which is the second most people who both work and live in the same city of all the places in the greater Twin Lakes CDP-Adams County region. The place with the highest people who both work and live in the same city in the area is North Washington CDP which depicts a people who both work and live in the same city of 35% (approximately 2.8 times bigger). Comparing people who both work and live in the same city to the United States average of 44%, Twin Lakes CDP-Adams County is approximately a third the size. Also, in contrast to the state of Colorado, people who both work and live in the same city of 47%, Twin Lakes CDP-Adams County is approximately a third the size.

Twin Lakes CDP-Adams County Colorado 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. Twin Lakes CDP-Adams County depicts it has the hightest median earnings of $97,115 for the management, business, and financial occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Twin Lakes CDP-Adams County shows it has the hightest median earnings of $75,795 for the management, business, and financial occupations group. The table in Figure 48, shows Twin Lakes CDP-Adams County employment data in terms of job categories and salary data.

Twin Lakes CDP-Adams County Colorado 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. Twin Lakes CDP-Adams County shows it has the hightest entrepreneurs of 38% for the self employed in service businesses group.

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. Twin Lakes CDP-Adams County shows it has the hightest entrepreneurs of 38% for the self employed in arts, entertainment, recreation, accommodation and food services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Twin Lakes CDP-Adams County shows it has a Self Employment Income of $13,870 which is the second smallest in terms of average annual self employment income of all the other places in the surrounding region. The place with the highest average annual self employment income in the area is Sherrelwood CDP which depicts an average annual self employment income of $46,777 (approximately 3.4 times bigger). Comparing average annual self employment income to the United States average of $42,141, Twin Lakes CDP-Adams County is approximately a third the size. Also, benchmarked against the state of Colorado, average annual self employment income of $41,720, Twin Lakes CDP-Adams County is approximately a third the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Twin Lakes CDP-Adams County shows total number of self-employed men 20.3% larger as the total number of self-employed women.