Quinebaug CDP Connecticut Income Charts

This section shows the Quinebaug CDP Connecticut economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Quinebaug CDP depicts it has a Median earnings of $56,875 which is the third most median earnings of all other places in the greater Quinebaug CDP region. The place with the highest median earnings per worker in the area is South Woodstock CDP which indicates a median earnings of $59,286 (only about 4.2% larger). Comparing median earnings per worker to the United States average of $53,269, Quinebaug CDP is 6.8% larger. Also, measured against the state of Connecticut, median earnings per worker of $65,697, Quinebaug CDP is about 15.5% 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 $70,729 which is the third most of all other places in the metro area. The place with the highest median household income in the area is South Woodstock CDP which indicates a median income of $90,068 (27.3% larger). Comparing median household income to the United States average of $69,021, Quinebaug CDP is only slightly larger. Also, compared with the state of Connecticut, median household income of $83,572, Quinebaug CDP is about 18.2% smaller.

The next section examines a variety of different income statistics for the Quinebaug CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $10,000 and $14,999 at 9.5% of the total and is ranked #1. Second, it has the largest proportion of earnings between $75,000 and $99,999 at 12.7% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $26.74 which is in the mid point range of other places in the metro area. The place with the highest average hourly earnings in the area is Oxford CDP which depicts an average hourly earnings of $30.68 (14.7% larger). Comparing average hourly earnings to the United States average of $26.40, Quinebaug CDP is only slightly larger. Also, compared with the state of Connecticut, average hourly earnings of $33.25, Quinebaug CDP is about 24.3% smaller.

Figure 5 examines the number of self employed people in the Quinebaug CDP metro area based on the number of people who reported any self employment income. Quinebaug CDP shows it has a Self Employed of 12.5% which is at the top of all other places in the greater Quinebaug CDP region.

Figure 6 breaks down the source of income and Quinebaug CDP has the largest proportion of income from wages at 9.8% of the total and is ranked #1. Second, it has the largest proportion of self employment income at 15.2% of the total and is ranked #1. Third, it has the largest proportion of investment and retirement income at 15.7% of the total and is ranked #1.

The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 50.2% which is ranked #1 of all places in the greater Quinebaug CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Quinebaug CDP shows full time employees substantially bigger as the part time employees.

Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Quinebaug CDP shows it has the hightest cost of 129.0 for the cost of utilities category.

Quinebaug CDP Connecticut Poverty Charts

In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Quinebaug CDP shows it has a Percent of Population In Poverty of 1.0% which is the smallest in order of percent of people earning less than the poverty level of all the other places in the area. The place with the highest percent of people earning less than the poverty level in the area is Southbridge Town which depicts a percent of people in poverty of 20.2% ( quite a bit bigger). Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Quinebaug CDP shows it has a Public Assistance Percent of 11.5% which is the second smallest in order of households with public assistance of all the other places in the greater region. The place with the highest households with public assistance in the area is Southbridge Town which depicts a households with public assistance of 34.0% (approximately 3.0 times bigger).

Quinebaug CDP Connecticut Labor Force Charts

The table in Figure 13, shows Quinebaug CDP employment data in terms of job categories and salary data.

The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the disasterous Covid-19 virus Pandemic it went from 5.0% to 2.5% in December 2019. This represents a decrease in the monthly unemployment rate of 50.0%. Since that time, the monthly unemployment rate has gone to 2.5%. This represents an increase in the monthly unemployment rate of very little.

Quinebaug CDP Connecticut Jobs Charts

In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.

Figure 16 shows the average median earnings for different categories of jobs.

Quinebaug CDP Connecticut 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 Quinebaug CDP community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 17 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Quinebaug CDP has the largest proportion of people who bicycle or walk to work at 14% of the total and is ranked #1. Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Quinebaug CDP or elsewhere.) Quinebaug CDP has the smallest proportion of people who drove alone at 69% of the total. Second, it has the largest proportion of people who carpooled at 17% of the total and is ranked #1. Third, it has the largest proportion of people who work from home at 14% of the total and is ranked #1.

Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.

The average commute time is shown in Figure 21. Quinebaug CDP depicts it has a Avg Commute Time of 21 which is the smallest in order of average commute time of all the other places in the local area.