Simsbury Center CDP Connecticut Income Charts

This section shows the Simsbury Center CDP Connecticut economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Simsbury Center CDP depicts it has a median earnings per worker of $83,512 which is the third most of all other places in the local area. The place with the highest median earnings per worker in the area is West Simsbury CDP which shows a median earnings of $101,250 (21.2% larger). Comparing median earnings per worker to the United States average of $47,712, Simsbury Center CDP is 75.0% larger. Also, measured against the state of Connecticut, median earnings per worker of $60,678, Simsbury Center CDP is 37.6% 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 $108,264 which is the third most median income of all other places in the greater Simsbury Center CDP region. The place with the highest median household income in the area is West Simsbury CDP which shows a median income of $146,667 (35.5% larger). Comparing median household income to the United States average of $60,293, Simsbury Center CDP is 79.6% larger. Also, in contrast to the state of Connecticut, median household income of $76,106, Simsbury Center CDP is 42.3% 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 it has one of the largest proportions of earnings less than $10,000 at 16.0% of the total and is ranked #3. Only #2 Salmon Brook CDP (17.3%), and #1 Weatogue CDP (20.0%) are larger. Second, it has one of the largest proportions of earnings of $100,000 more at 26.5% of the total and is ranked #3. Only #2 Weatogue CDP (27.7%), and #1 West Simsbury CDP (36.5%) are larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 38.7 which is the third most of all 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 40.6 (only about 4.9% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $41.50 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 depicts an average hourly earnings of $48.68 (17.3% larger). Comparing average hourly earnings to the United States average of $23.71, Simsbury Center CDP is 75.0% larger. Also, measured against the state of Connecticut, average hourly earnings of $30.63, Simsbury Center CDP is 35.5% 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 shows it has a percentage of people self employed of 17.8% which is the second most people self employed of all the places in the greater Simsbury Center CDP region. The place with the highest percentage of people self employed in the area is Weatogue CDP which indicates a percentage self employed of 19.1% (7.0% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-25 to 44 years at $118,000 of the total and is ranked #2. The only larger place being West Simsbury CDP with $158,977. Second, it has one of the largest proportions of median income-45 to 64 years at $153,906 of the total and is ranked #3. Only #2 Weatogue CDP ($155,595), and #1 West Simsbury CDP ($198,125) are larger. Third, it has less than most other places in the local area when sorted by median income-65 years and over at $55,139 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 households with retirement income of 22.1% which is less than most other places in the local area. The place with the highest households with retirement income in the area is West Simsbury CDP which depicts a households with retirement income of 26.7% (20.6% 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 $144,792 of the total and is ranked #3. Only #2 Weatogue CDP ($146,250), and #1 West Simsbury CDP ($159,188) are larger. Second, it has one of the largest proportions of white family income at $146,638 of the total and is ranked #3. Only #2 Weatogue CDP ($147,109), and #1 West Simsbury CDP ($159,031) are larger. Third, it has the largest proportion of black family income at $93,750 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 depicts it has the hightest cost of 145.9 for the cost of housing group.

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 Pandemic the monthly unemployment rate went from 6.9% to 2.3% in March 2020. This represents a decrease in the monthly unemployment rate of 66.7%. Since that time, the monthly unemployment rate has gone to 5.0% This represents an increase in the monthly unemployment rate of 117.4%. 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 disasterous Covid-19 virus Pandemic the monthly labor force participation went from 12,538 to 14,036 in March 2020. This represents an increase in the monthly labor force participation of 11.9%. Since that time, the monthly labor force participation has gone to 13,748 This represents a decrease in the monthly labor force participation of 2.1%.

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 an unemployment rate of 1.7% which is the second smallest in order of unemployment rate of all the other places in the local area. The place with the highest unemployment rate in the area is Salmon Brook CDP which shows a rate of 5.0% (approximately 2.8 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Simsbury Center CDP shows it has a participation rate of 65.6% which is in the middle range of other places in the local 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 indicates it has a families with a single earner of 25.2% which is in the center range of other places in the metro area. The place with the highest families with a single earner in the area is West Simsbury CDP which shows a single earners rate of 34.9% (38.3% 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 10.2% which is in the mid range of other places in the greater region. 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 32.0% (approximately 3.1 times 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 shows it has a total people earning less than the poverty level of 314 which is the most of all 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 shows it has a percent of people earning less than the poverty level of 5.2% which is in the center range of other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is Salmon Brook CDP which shows a percent of people in poverty of 7.0% (34.0% larger).

In Figure 25 people who are in poverty are broken out by age group. Simsbury Center CDP has the percentage of person in poverty 18 to 34 years the second smallest in order of person in poverty under 12 years of all the other places in the greater region at 8% of the total. Second, it has the largest proportion of person in poverty 55 to 64 years at 65% of the total and is ranked #1.

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 asian poverty rate at 20% of the total and is ranked #2. The only larger place being Collinsville CDP with 38%. Second, it has the largest proportion of hispanicp poverty rate at 36% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Simsbury Center CDP has the largest proportion of unmarried female with children and in poverty at 26% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Simsbury Center CDP has one of the largest proportions of less than highschool in poverty at 60% of the total and is ranked #2. The only larger place being West Simsbury CDP with 88%. 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 the percentage of people who are in poverty and employed the second smallest when sorted by people who are in poverty and employed of all the other places in the greater region at 8.9% of the total. Second, it has one of the largest proportions of people who are in poverty and not in labor force at 19.4% of the total and is ranked #2. The only larger place being Salmon Brook CDP with 23.8%. 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 depicts it has a households with public assistance of 2.8% which is less than most other places in the metro area. The place with the highest households with public assistance in the area is Canton Valley CDP which depicts a households with public assistance of 8.0% (approximately 2.8 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 shows it has a the gini index of 42.1% which is less than most other places in the metro area.

Simsbury Center CDP Connecticut Work Commute Charts

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 largest proportion of people who take the bus at 2% of the total and is ranked #1. Second, it has the largest proportion of people who bike at 1% 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 5am to 530am at 4% 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 the smallest proportion of people with commute time between 10 to 14 minutes at 8% of the total. Second, it has the largest proportion of people with commute time between 20 to 24 minutes at 17% of the total and is ranked #1. Third, it has the smallest proportion of people with commute time between 60 to 89 minutes at 2% of the total.

The average commute time is shown in Figure 37. Simsbury Center CDP shows it has an average commute time of 28 which is in the mid point range of other places in the local area. Figure 38 shows the difference between male versus female commuting time. Simsbury Center CDP depicts average commute time in minutes for men 38.6% 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 the percentage of no vehicle available less than most other places in the greater region at 0% of the total. Second, it has less than most other places in the greater region when sorted by 1 vehicle available at 14% of the total. Third, it has one of the largest proportions of 2 vehicles available at 51% of the total and is ranked #3. Only #2 Weatogue CDP (52%), and #1 Collinsville CDP (62%) are larger. Also, it has one of the largest proportions of 3 vehicles available at 28% of the total and is ranked #2. The only larger place being Canton Valley CDP with 41%. In addition, it has in the mid point range of other places in the local area in order of 4 vehicles available at 4% of the total. Furthermore, it has less than most other places in the local area as measured by 5 or more vehicles available at 3% 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 people who both work and live in the same city of 20% which is the second most of all the places in the surrounding region. The place with the highest people who both work and live in the same city in the area is Salmon Brook CDP which shows a people who both work and live in the same city of 20% ( only slightly larger). Comparing people who both work and live in the same city to the United States average of 42%, Simsbury Center CDP is approximately half the size. Also, measured against the state of Connecticut, people who both work and live in the same city of 31%, Simsbury Center CDP is approximately three-fourths the 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 $250,001 for the earnings-healthcare practitioners and tech occupations category. 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 $96,875 for the earnings-healthcare practitioners and tech occupations grouping. 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 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. Simsbury Center CDP depicts it has the hightest entrepreneurs of 34% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Simsbury Center CDP depicts it has an average annual self employment income of $38,683 which is the second smallest in terms of average annual self employment income of all the other places in the local area. The place with the highest average annual self employment income in the area is Canton Valley CDP which depicts an average annual self employment income of $75,076 (about twice as large). Comparing average annual self employment income to the United States average of $37,819, Simsbury Center CDP is only slightly larger. Also, measured against the state of Connecticut, average annual self employment income of $47,693, Simsbury Center CDP is about 23.3% smaller.

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