Simsbury Center CDP Connecticut Income Charts

This section shows the Simsbury Center CDP Connecticut economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Simsbury Center CDP depicts it has a Median earnings of $95,064 which is the third most median earnings of all other places in the greater Simsbury Center CDP region. The place with the highest median earnings per worker in the area is West Simsbury CDP which depicts a median earnings of $120,833 (27.1% larger). Comparing median earnings per worker to the United States average of $50,459, Simsbury Center CDP is about twice as large. Also, in contrast to the state of Connecticut, median earnings per worker of $62,627, Simsbury Center CDP is 51.8% 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 $109,245 which is the third most of all other places in the area. The place with the highest median household income in the area is West Simsbury CDP which depicts a median income of $152,681 (39.8% larger). Comparing median household income to the United States average of $64,994, Simsbury Center CDP is 68.1% larger. Also, compared to the state of Connecticut, median household income of $79,855, Simsbury Center CDP is 36.8% larger.

The next section examines a variety of different income statistics for the Simsbury Center CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $15,000 and $19,999 at 13.4% of the total. Second, it has one of the largest proportions of earnings between $75,000 and $99,999 at 30.8% of the total and is ranked #3. Only #2 Weatogue CDP (36.3%), and #1 West Simsbury CDP (40.5%) are 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 38.9 which is in the center range of other places in the metro area. The place with the highest average hours in the area is Canton Valley CDP which shows an average hours of 43.5 (11.8% 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 $47.00 which is the third most average hourly earnings of all other places in the greater Simsbury Center CDP region. The place with the highest average hourly earnings in the area is West Simsbury CDP which shows an average hourly earnings of $57.09 (21.5% larger). Comparing average hourly earnings to the United States average of $25.01, Simsbury Center CDP is about twice as large. Also, compared to the state of Connecticut, average hourly earnings of $31.61, Simsbury Center CDP is 48.7% larger.

Figure 7 examines the number of self employed people in the Simsbury Center CDP metro area based on the number of people who reported any self employment income. Simsbury Center CDP depicts it has a Self Employed of 16.5% which is the third most people self employed of all other places in the greater Simsbury Center CDP region. The place with the highest percentage of people self employed in the area is West Simsbury CDP which shows a percentage self employed of 19.4% (17.1% 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 $131,080 of the total and is ranked #3. Only #2 Salmon Brook CDP ($144,625), and #1 West Simsbury CDP ($150,396) are larger. Second, it has one of the largest proportions of median income-25 to 44 years at $147,375 of the total and is ranked #3. Only #2 West Simsbury CDP ($155,750), and #1 Weatogue CDP ($168,264) are larger. Third, it has in the mid range of other places in the local area as measured by median income-45 to 64 years at $57,778 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 24.3% which is less than most other places in the metro area. The place with the highest households with retirement income in the area is Collinsville CDP which depicts a households with retirement income of 38.0% (56.5% 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 $152,279 of the total and is ranked #3. Only #2 West Simsbury CDP ($154,347), and #1 Weatogue CDP ($160,735) are larger. Second, it has the largest proportion of hawaiian family income at $250,001 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. Simsbury Center CDP shows it has the hightest cost of 140.7 for the cost of housing aggregate.

Simsbury Center CDP Connecticut 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 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 6.9% to 2.7% in March 2020. This represents a decrease in the monthly unemployment rate of 60.9%. Since that time, the monthly unemployment rate has gone to 2.8% This represents an increase in the monthly unemployment rate of 3.7%. 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 shows that from January 2010 to before the Coronavirus Pandemic the monthly labor force participation went from 12,538 to 14,443 in March 2020. This represents an increase in the monthly labor force participation of 15.2%. Since that time, the monthly labor force participation has gone to 13,874 This represents a decrease in the monthly labor force participation of 3.9%.

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 Simsbury Center CDP shows it has a Unemployment Rate of 2.2% which is the third most unemployment rate of all other places in the greater Simsbury Center CDP region. The place with the highest unemployment rate in the area is Tariffville CDP which shows a rate of 11.8% ( markedly bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Simsbury Center CDP depicts it has a Labor Force Participation of 64.5% which is in the center range of other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Simsbury Center CDP shows full time employees approximately 3.3 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 Simsbury Center CDP area. Simsbury Center CDP depicts it has a Single Earner Families of 25.7% which is the third most families with a single earner of all other places in the greater Simsbury Center CDP region. The place with the highest families with a single earner in the area is West Simsbury CDP which depicts a single earners rate of 34.0% (32.4% larger). The percentage of families with no one working is depicted in Figure 22. Simsbury Center CDP depicts it has a Families with No One Working of 11.7% which is less than most other places in the local area. The place with the highest families with no one working in the area is Canton Valley CDP which shows a families with no worker of 59.7% ( very much bigger).

Simsbury Center CDP Connecticut Poverty Charts

The next section details economy analysis about poverty for residents of the Simsbury Center CDP 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. Simsbury Center CDP depicts it has a Total In Poverty of 316 which is more than all other places in the greater Simsbury Center CDP region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Simsbury Center CDP depicts it has a Percent of Population In Poverty of 5.1% which is in the mid range of other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Tariffville CDP which depicts a percent of people in poverty of 12.3% (approximately 2.4 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Simsbury Center CDP has the percentage of person in poverty 12 to 17 years in the mid range of other places in the greater region at 8% of the total. Second, it has in the mid range of other places in the metro area when sorted by person in poverty 18 to 34 years at 33% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Simsbury Center CDP has one of the largest proportions of american indian poverty rate at 17% of the total and is ranked #2. The only larger place being Collinsville CDP with 30%. Second, it has one of the largest proportions of hawaiian poverty rate at 7% of the total and is ranked #2. The only larger place being Canton Valley CDP with 100%.

Figure 27 shows key poverty statistics for groups based on marriage status. Simsbury Center CDP has the largest proportion of married with children and in poverty at 22% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 49% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Simsbury Center CDP has one of the largest proportions of people who are in poverty and employed at 7.3% of the total and is ranked #3. Only #2 West Simsbury CDP (14.3%), and #1 Tariffville CDP (80.9%) are larger. Second, it has the largest proportion of people who are in poverty and unemployed at 26.6% of the total and is ranked #1. 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.) Simsbury Center CDP shows it has a Public Assistance Percent of 3.4% which is in the mid point range of other places in the local area. The place with the highest households with public assistance in the area is Salmon Brook CDP which depicts a households with public assistance of 11.3% (approximately 3.3 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Simsbury Center CDP depicts it has a Gini Index of 44.0% which is less than most other places in the local area.

Simsbury Center 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 Simsbury Center CDP 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.) Simsbury Center CDP has the largest proportion of people who bicycle or walk to work at 18% 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 Simsbury Center CDP or elsewhere.) Simsbury Center CDP has the percentage of people who drove alone the second smallest when ranked by people who drove alone of all the other places in the local area at 75% of the total. Second, it has the largest proportion of people who work from home at 18% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Simsbury Center CDP has the largest proportion of people who leave for work between 730 am to 8am at 18% 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. Simsbury Center CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 10% of the total and is ranked #2. The only larger place being Tariffville CDP with 14%. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 6% of the total. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 17% of the total and is ranked #1.

The average commute time is shown in Figure 37. Simsbury Center CDP shows it has a Avg Commute Time of 29 which is the third most average commute time of all other places in the greater Simsbury Center CDP region. Figure 38 shows the difference between male versus female commuting time. Simsbury Center CDP shows average commute time in minutes for men 45.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Simsbury Center CDP has one of the largest proportions of 1 vehicle available at 53% of the total and is ranked #2. The only larger place being Salmon Brook CDP with 65%. Second, it has less than most other places in the surrounding region when sorted by 3 vehicles available at 4% of the total. Third, it has the second smallest in terms of no vehicle available of all the other places in the local area in terms of 4 vehicles available at 2% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Simsbury Center CDP shows it has a Work in city or place where live of 30% which is ranked #1 of all places in the greater Simsbury Center CDP region. Comparing people who both work and live in the same city to the United States average of 43%, Simsbury Center CDP is approximately three-fourths the size. Also, versus the state of Connecticut, people who both work and live in the same city of 31%, Simsbury Center CDP is about the same size.

Simsbury Center CDP Connecticut 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. Simsbury Center CDP depicts it has the hightest median earnings of $155,694 for the earnings-sales and office occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Simsbury Center CDP shows it has the hightest median earnings of $95,921 for the earnings-computer, engineering, and science occupations group. The table in Figure 48, shows Simsbury Center CDP employment data in terms of job categories and salary data.

Simsbury Center CDP Connecticut 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. Simsbury Center CDP shows it has the hightest entrepreneurs of 100% for the self employed management, business, science, and arts businesses grouping.

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. Simsbury Center CDP shows it has the hightest entrepreneurs of 63% for the self employed in professional, scientific, management, administrative services category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Simsbury Center CDP depicts it has a Self Employment Income of $34,536 which is the second smallest as measured by average annual self employment income of all the other places in the metropolitan area. The place with the highest average annual self employment income in the area is Weatogue CDP which depicts an average annual self employment income of $139,933 (approximately 4.1 times bigger). Comparing average annual self employment income to the United States average of $40,101, Simsbury Center CDP is about 16.1% smaller. Also, measured against the state of Connecticut, average annual self employment income of $50,285, Simsbury Center CDP is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Simsbury Center CDP depicts total number of self-employed men about 17.3% smaller as the total number of self-employed women.