Bear Creek CDP Florida Income Charts

This section shows the Bear Creek CDP Florida economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Bear Creek CDP shows it has a Median earnings of $50,272 which is in the mid range of other places in the metro area. The place with the highest median earnings per worker in the area is St Pete Beach which depicts a median earnings of $91,762 (about twice as large). Comparing median earnings per worker to the United States average of $53,269, Bear Creek CDP is about 6.0% smaller. Also, measured against the state of Florida, median earnings per worker of $44,941, Bear Creek CDP is 11.9% 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 $64,028 which is the third most median income of all other places in the greater Bear Creek CDP region. The place with the highest median household income in the area is St Pete Beach which shows a median income of $95,448 (49.1% larger). Comparing median household income to the United States average of $69,021, Bear Creek CDP is about 7.8% smaller. Also, compared with the state of Florida, median household income of $61,777, Bear Creek CDP is only about 3.6% larger.

The next section examines a variety of different income statistics for the Bear Creek CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 4.8% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 3.3% of the total. Third, it has the largest proportion of earnings between $15,000 and $19,999 at 42.6% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 42.3 which is more than all other places in the greater Bear Creek CDP region. 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 $22.86 which is in the center range of other places in the surrounding region. The place with the highest average hourly earnings in the area is St Pete Beach which depicts an average hourly earnings of $43.79 (about twice as large). Comparing average hourly earnings to the United States average of $26.40, Bear Creek CDP is about 15.5% smaller. Also, in contrast to the state of Florida, average hourly earnings of $22.22, Bear Creek CDP is only about 2.9% larger.

Figure 7 examines the number of self employed people in the Bear Creek CDP metro area based on the number of people who reported any self employment income. Bear Creek CDP shows it has a Self Employed of 10.1% which is the third most people self employed of all other places in the greater Bear Creek CDP region. The place with the highest percentage of people self employed in the area is St Pete Beach which shows a percentage self employed of 13.3% (31.4% 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 $83,269 of the total and is ranked #3. Only #2 St Pete Beach ($99,792), and #1 Treasure Island ($100,500) are larger. Second, it has one of the largest proportions of median income-25 to 44 years at $108,646 of the total and is ranked #2. The only larger place being Treasure Island with $109,896. Third, it has one of the largest proportions of median income-45 to 64 years at $65,446 of the total and is ranked #3. Only #2 Treasure Island ($66,032), and #1 St Pete Beach ($79,310) are larger.

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 27.1% which is the second smallest as measured by households with retirement income of all the other places in the surrounding region. The place with the highest households with retirement income in the area is Treasure Island which depicts a households with retirement income of 42.2% (55.5% 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 $91,324 of the total and is ranked #3. Only #2 Treasure Island ($123,906), and #1 St Pete Beach ($130,000) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Bear Creek CDP depicts it has the hightest cost of 145.4 for the cost of housing classification.

Bear Creek CDP Florida 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 shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 10.9% to 2.7% in February 2020. This represents a decrease in the monthly unemployment rate of 75.2%. Since that time, the monthly unemployment rate has gone to 2.6% This represents a decrease 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 depicts that from February 2010 to before the Coronavirus Pandemic the monthly labor force participation went from 128,535 to 139,240 in March 2020. This represents an increase in the monthly labor force participation of 8.3%. Since that time, the monthly labor force participation has gone to 148,052 This represents an increase in the monthly labor force participation of 6.3%.

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 Bear Creek CDP depicts it has a Unemployment Rate of 1.3% which is the smallest when ranked by unemployment rate of all the other places in the local area. The place with the highest unemployment rate in the area is Gulfport which shows a rate of 3.2% (approximately 2.4 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Bear Creek CDP depicts it has a Labor Force Participation of 47.7% which is less than most other places in the local area.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Bear Creek CDP has the smallest proportion of employed at 1.3% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Bear Creek CDP depicts full time employees markedly 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 Bear Creek CDP area. Bear Creek CDP indicates it has a Single Earner Families of 37.1% which is the most of all places in the greater region. The percentage of families with no one working is depicted in Figure 22. Bear Creek CDP depicts it has a Families with No One Working of 29.0% which is the second smallest in terms of families with no one working of all the other places in the greater region. The place with the highest families with no one working in the area is South Pasadena which shows a families with no worker of 46.2% (58.9% larger).

Bear Creek CDP Florida Poverty Charts

The next section details economy analysis about poverty for residents of the Bear Creek 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. Bear Creek CDP shows it has a Total In Poverty of 347 which is the smallest as measured by total people earning less than the poverty level of all the other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is West Lealman CDP which depicts a total people earning less than the poverty level of 1,942 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Bear Creek CDP depicts it has a Percent of Population In Poverty of 15.8% which is the largest of all places in the greater Bear Creek CDP region.

In Figure 25 people who are in poverty are broken out by age group. Bear Creek CDP has the largest proportion of person in poverty 18 to 34 years at 53% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 55 to 64 years at 14% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Bear Creek CDP has the largest proportion of american indian poverty rate at 100% 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. Bear Creek CDP has the smallest proportion of highschool graduate and in poverty at 2% of the total. Second, it has the largest proportion of has some college and in poverty at 30% 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. Bear Creek CDP has the largest proportion of people who are in poverty and unemployed at 68.6% 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.) Bear Creek CDP shows it has a Public Assistance Percent of 0.7% which is the smallest as measured by households with public assistance of all the other places in the metro area. The place with the highest households with public assistance in the area is West Lealman CDP which depicts a households with public assistance of 14.5% ( considerably bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Bear Creek CDP shows it has a Gini Index of 42.5% which is the smallest in order of the gini index of all the other places in the local area.

Bear Creek CDP Florida 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 Bear Creek 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.) Bear Creek CDP has the smallest proportion of people who take public transportation to work at 0% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Bear Creek CDP or elsewhere.) Bear Creek CDP has the largest proportion of people who took a taxicab, motorcycle or other at 5% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Bear Creek CDP has the smallest proportion of people who leave for work between 5am to 530am at 2% of the total. Second, it has the largest proportion of people who leave for work between 530 am to 6am at 14% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 6am to 630am at 12% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 630 am to 7am at 9% of the total. In addition, it has the largest proportion of people who leave for work between 7am to 730am at 23% 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. Bear Creek CDP has the largest proportion of people with commute time of less than 5 minutesutes at 21% of the total and is ranked #1. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 25% of the total and is ranked #2. The only larger place being South Pasadena with 26%. Third, it has less than most other places in the local area in terms of people with commute time between 10 to 14 minutes at 15% of the total. Also, it has the largest proportion of people with commute time between 20 to 24 minutes at 9% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 40 to 44 minutes at 2% of the total.

The average commute time is shown in Figure 37. Bear Creek CDP depicts it has a Avg Commute Time of 20 which is the second smallest when ranked by average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Bear Creek CDP shows average commute time in minutes for men only about 2.7% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Bear Creek CDP has the smallest proportion of no vehicle available at 20% of the total. Second, it has the largest proportion of 1 vehicle available at 58% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Bear Creek CDP shows it has a Work in city or place where live of 24% which is in the center range of other places in the local area. The place with the highest people who both work and live in the same city in the area is Treasure Island which shows a people who both work and live in the same city of 39% (58.3% larger). Comparing people who both work and live in the same city to the United States average of 44%, Bear Creek CDP is approximately half the size. Also, versus the state of Florida, people who both work and live in the same city of 35%, Bear Creek CDP is approximately three-fourths the size.

Bear Creek CDP Florida 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. Bear Creek CDP shows it has the hightest median earnings of $104,830 for the management, business, and financial occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Bear Creek CDP depicts it has the hightest median earnings of $69,038 for the earnings-healthcare practitioners and tech occupations group. The table in Figure 48, shows Bear Creek CDP employment data in terms of job categories and salary data.

Bear Creek CDP Florida 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. Bear Creek CDP depicts it has the hightest entrepreneurs of 70% 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. Bear Creek CDP shows it has the hightest entrepreneurs of 33% for the self employed in construction aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Bear Creek CDP depicts it has a Self Employment Income of $37,330 which is the third most average annual self employment income of all other places in the greater Bear Creek CDP region. The place with the highest average annual self employment income in the area is St Pete Beach which depicts an average annual self employment income of $69,905 (about twice as large). Comparing average annual self employment income to the United States average of $42,141, Bear Creek CDP is about 12.9% smaller. Also, in contrast to the state of Florida, average annual self employment income of $40,129, Bear Creek CDP is about 7.5% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Bear Creek CDP depicts total number of self-employed men approximately 3.4 times bigger as the total number of self-employed women.