This section shows the Milford South CCD Delaware economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Milford South CCD indicates it has a Median earnings of $48,040 which is in the center range of other places in the metro area. The place with the highest median earnings per worker in the area is Slaughter Beach which depicts a median earnings of $88,675 (about twice as large). Comparing median earnings per worker to the United States average of $53,269, Milford South CCD is about 10.9% smaller. Also, measured against the state of Delaware, median earnings per worker of $54,685, Milford South CCD is about 13.8% 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 $66,755 which is the third most median income of all other places in the greater Milford South CCD region. The place with the highest median household income in the area is Houston which shows a median income of $87,708 (31.4% larger). Comparing median household income to the United States average of $69,021, Milford South CCD is only about 3.4% smaller. Also, in contrast to the state of Delaware, median household income of $72,724, Milford South CCD is about 8.9% smaller.
The next section examines a variety of different income statistics for the Milford South CCD metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $20,000 and $49,999 at 25.4% 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 $24.25 which is in the middle range of other places in the area. The place with the highest average hourly earnings in the area is Slaughter Beach which shows an average hourly earnings of $49.29 (about twice as large). Comparing average hourly earnings to the United States average of $26.40, Milford South CCD is about 8.9% smaller. Also, versus the state of Delaware, average hourly earnings of $27.32, Milford South CCD is about 12.6% smaller.
Figure 5 examines the number of self employed people in the Milford South CCD metro area based on the number of people who reported any self employment income. Milford South CCD shows it has a Self Employed of 8.2% which is the third most of all other places in the local area. The place with the highest percentage of people self employed in the area is Lewes which shows a percentage self employed of 22.8% (approximately 2.8 times bigger).
Figure 6 breaks down the source of income and Milford South CCD has the largest proportion of social security at 1.1% 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 28.1% which is less than most other places in the local area. The place with the highest households with retirement income in the area is Lewes which depicts a households with retirement income of 51.3% (about twice as large).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Milford South CCD depicts full time employees approximately 3.9 times bigger as the part time employees.
Similar to the last chart is Figure 9 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. Milford South CCD depicts it has the hightest entrepreneurs of 44% for the self employed in construction group.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Milford South CCD shows it has the hightest cost of 110.4 for the cost of grocery items aggregate.
Milford South CCD Delaware Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Milford South CCD depicts it has a Percent of Population In Poverty of 12.3% which is in the middle 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 Ellendale which depicts a percent of people in poverty of 18.7% (51.6% larger).
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.) Milford South CCD depicts it has a Public Assistance Percent of 12.0% which is less than most other places in the metropolitan area. The place with the highest households with public assistance in the area is Ellendale which depicts a households with public assistance of 31.5% (approximately 2.6 times bigger).
Milford South CCD Delaware Labor Force Charts
The table in Figure 13, shows Milford South CCD 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 shows that from February 2017 to before the Coronavirus Pandemic it went from 6.3% to 4.6% in December 2019. This represents a decrease in the monthly unemployment rate of 27.0%. Since that time, the monthly unemployment rate has gone to 4.6%. This represents an increase in the monthly unemployment rate of very little.
Milford South CCD Delaware 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.
Milford South CCD Delaware Work Commute Charts
Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Milford South CCD or elsewhere.) Milford South CCD has the largest proportion of people who drove alone at 85% of the total and is ranked #1. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 1% 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. Milford South CCD shows it has a Avg Commute Time of 27 which is the third most of all other places in the local area.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.