Simsbury Center CDP Connecticut Income Charts

This section shows the Simsbury Center 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, Simsbury Center CDP depicts it has a Median earnings of $96,136 which is the second most median earnings of all the 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 shows a median earnings of $132,685 (38.0% larger). Comparing median earnings per worker to the United States average of $53,269, Simsbury Center CDP is about twice as large. Also, compared to the state of Connecticut, median earnings per worker of $65,697, Simsbury Center CDP is 46.3% 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 $113,750 which is the third most of all other places in the local area. The place with the highest median household income in the area is West Simsbury CDP which depicts a median income of $160,284 (40.9% larger). Comparing median household income to the United States average of $69,021, Simsbury Center CDP is 64.8% larger. Also, in comparison with the state of Connecticut, median household income of $83,572, Simsbury Center CDP is 36.1% 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 15.7% of the total. Second, it has one of the largest proportions of earnings between $75,000 and $99,999 at 33.8% of the total and is ranked #2. The only larger place being West Simsbury CDP with 42.6%.

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 third most average hours of all other places in the greater Simsbury Center CDP region. The place with the highest average hours in the area is Canton Valley CDP which depicts an average hours of 43.0 (10.0% 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 $47.28 which is the second most average hourly earnings of all the 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 $64.76 (37.0% larger). Comparing average hourly earnings to the United States average of $26.40, Simsbury Center CDP is 79.1% larger. Also, measured against the state of Connecticut, average hourly earnings of $33.25, Simsbury Center CDP is 42.2% 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 Self Employed of 14.8% which is in the middle range of other places in the metropolitan area. The place with the highest percentage of people self employed in the area is West Simsbury CDP which shows a percentage self employed of 19.6% (32.2% 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 $140,625 of the total and is ranked #2. The only larger place being West Simsbury CDP with $157,679. Second, it has in the mid range of other places in the local area as measured by median income-25 to 44 years at $150,329 of the total. Third, it has in the mid range of other places in the surrounding region when sorted by median income-45 to 64 years at $61,875 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 27.9% which is the third most of all other places in the local area. The place with the highest households with retirement income in the area is Collinsville CDP which shows a households with retirement income of 36.3% (30.0% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income in the mid range of other places in the area at $157,875 of the total. Second, it has one of the largest proportions of american indian family income at $142,679 of the total and is ranked #2. The only larger place being West Simsbury CDP with $250,001. Third, 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 depicts it has the hightest cost of 137.0 for the cost of housing grouping.

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 February 2010 to before the disasterous COVID Pandemic the monthly unemployment rate went from 6.7% to 2.5% in February 2020. This represents a decrease in the monthly unemployment rate of 62.7%. Since that time, the monthly unemployment rate has gone to 2.8% This represents an increase in the monthly unemployment rate of 12.0%. 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 Pandemic the monthly labor force participation went from 12,552 to 14,443 in March 2020. This represents an increase in the monthly labor force participation of 15.1%. Since that time, the monthly labor force participation has gone to 14,076 This represents a decrease in the monthly labor force participation of 2.5%.

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 2.1% which is in the center range of other places in the surrounding region. The place with the highest unemployment rate in the area is Tariffville CDP which shows a rate of 12.2% ( very much 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 Labor Force Participation of 64.0% which is less than most 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 depicts full time employees approximately 4.0 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 20.5% 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 shows a single earners rate of 32.5% (58.4% 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 13.8% which is in the mid range of other places in the metropolitan 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 35.5% (approximately 2.6 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 In Poverty of 338 which is the largest 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 depicts it has a Percent of Population In Poverty of 5.6% which is in the center range of other places in the area. The place with the highest percent of people earning less than the poverty level in the area is Tariffville CDP which shows a percent of people in poverty of 12.4% (approximately 2.2 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 point range of other places in the metro area at 9% of the total. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 30% of the total and is ranked #2. The only larger place being Tariffville CDP with 73%. Third, it has less than most other places in the area in order of person in poverty 55 to 64 years at 30% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Simsbury Center CDP has the largest proportion of american indian poverty rate at 23% of the total and is ranked #1. Second, it has one of the largest proportions of hawaiian poverty rate at 7% of the total and is ranked #3. Only #2 Canton Valley CDP (100%), and #1 Salmon Brook CDP (100%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Simsbury Center CDP has one of the largest proportions of married with children and in poverty at 19% of the total and is ranked #2. The only larger place being Salmon Brook CDP with 41%. Second, it has the largest proportion of unmarried with children and in poverty at 31% 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 the percentage of highschool graduate and in poverty less than most other places in the local area at 5% 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. Simsbury Center CDP has one of the largest proportions of people who are in poverty and employed at 6.2% of the total and is ranked #3. Only #2 West Simsbury CDP (19.1%), and #1 Tariffville CDP (84.5%) are larger. Second, it has the largest proportion of people who are in poverty and unemployed at 29.6% 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 depicts it has a Public Assistance Percent of 3.1% which is less than most other places in the local 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 11.4% (approximately 3.6 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 Gini Index of 42.2% which is the second smallest when ranked by the gini index of all the other places in the surrounding region.

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 percentage of people who drove alone less than most other places in the area at 71% of the total. Second, it has the largest proportion of people who take the bus at 1% of the total and is ranked #1. Third, it has one of the largest proportions of people who work from home at 22% of the total and is ranked #2. The only larger place being West Simsbury CDP with 22%.

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 17% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 830 am to 9am at 12% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 9am to 10am at 1% of the total.

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 percentage of people with commute time between 5 to 9 minutes the second smallest in order of people with commute time of less than 5 minutes of all the other places in the local area at 7% of the total. Second, it has the largest proportion of people with commute time between 15 to 19 minutes at 19% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 60 to 89 minutes at 3% of the total and is ranked #1.

The average commute time is shown in Figure 37. Simsbury Center CDP depicts it has a Avg Commute Time of 29 which is in the mid range of other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Simsbury Center CDP indicates average commute time in minutes for men 40.9% 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 metropolitan area at 14% of the total. Second, it has one of the largest proportions of 1 vehicle available at 59% of the total and is ranked #2. The only larger place being Salmon Brook CDP with 68%. Third, it has less than most other places in the local area when ranked by 3 vehicles available at 4% of the total. Also, it has in the mid range of other places in the greater region as measured by 4 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 depicts it has a Work in city or place where live of 33% which is ranked #1 of all places in the metro area. Comparing people who both work and live in the same city to the United States average of 44%, 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 33%, Simsbury Center CDP is only slightly larger.

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 $139,444 for the earnings-sales and office occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Simsbury Center CDP depicts it has the hightest median earnings of $106,111 for the earnings-healthcare practitioners and tech occupations aggregate. 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 78% 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 52% for the self employed in professional, scientific, management, administrative services classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Simsbury Center CDP shows it has a Self Employment Income of $30,049 which is the second smallest as measured by average annual self employment income of all the other places in the metro area. The place with the highest average annual self employment income in the area is Weatogue CDP which shows an average annual self employment income of $156,634 ( appreciably bigger). Comparing average annual self employment income to the United States average of $42,141, Simsbury Center CDP is approximately three-fourths the size. Also, in comparison with the state of Connecticut, average annual self employment income of $52,356, Simsbury Center CDP is approximately half 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 approximately three-fourths the size as the total number of self-employed women.