Fruit Cove CDP Florida Income Charts

This section shows the Fruit Cove 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, Fruit Cove CDP depicts it has a Median earnings of $81,490 which is at the top of all other places in the greater Fruit Cove CDP region. Comparing median earnings per worker to the United States average of $53,269, Fruit Cove CDP is 53.0% larger. Also, versus the state of Florida, median earnings per worker of $44,941, Fruit Cove CDP is about twice as large.

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 $123,007 which is ranked #1 of all places in the local area. Comparing median household income to the United States average of $69,021, Fruit Cove CDP is 78.2% larger. Also, compared to the state of Florida, median household income of $61,777, Fruit Cove CDP is about twice as large.

The next section examines a variety of different income statistics for the Fruit Cove CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 less than most other places in the metropolitan area at 3.2% of the total. Second, it has the second smallest as measured by median earnings of less than $10,000 of all the other places in the greater region when sorted by earnings between $10,000 and $14,999 at 3.7% of the total. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 22.8% of the total. Also, it has the smallest proportion of earnings between $20,000 and $49,999 at 16.1% of the total. In addition, it has the largest proportion of earnings between $75,000 and $99,999 at 26.1% 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 38.6 which is the second smallest as measured by average hours of all the other places in the greater region. The place with the highest average hours in the area is Asbury Lake CDP which shows an average hours of 40.3 (only about 4.4% 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 $40.60 which is more than all other places in the greater Fruit Cove CDP region. Comparing average hourly earnings to the United States average of $26.40, Fruit Cove CDP is 53.8% larger. Also, compared with the state of Florida, average hourly earnings of $22.22, Fruit Cove CDP is about twice as large.

Figure 7 examines the number of self employed people in the Fruit Cove CDP metro area based on the number of people who reported any self employment income. Fruit Cove CDP depicts it has a Self Employed of 9.6% which is the second most people self employed of all the places in the greater Fruit Cove CDP region. The place with the highest percentage of people self employed in the area is Fleming Island CDP which shows a percentage self employed of 12.0% (24.8% larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $138,760 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $136,232 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $79,311 of the total and is ranked #2. The only larger place being Fleming Island CDP with $87,069.

Figure 9 breaks down the source of income and Fruit Cove CDP has the largest proportion of income from wages at 4.5% of the total and is ranked #1. Second, it has the smallest proportion of investment and retirement income at 4.6% of the total. Third, it has the smallest proportion of social security at 0.1% 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 25.4% which is less than most other places in the metropolitan area. The place with the highest households with retirement income in the area is Fleming Island CDP which shows a households with retirement income of 37.7% (48.2% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $132,063 of the total and is ranked #1. Second, it has the largest proportion of white family income at $140,645 of the total and is ranked #1. Third, it has the largest proportion of american indian family income at $188,405 of the total and is ranked #1. Also, it has the largest proportion of hawaiian family income at $106,538 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. Fruit Cove CDP depicts it has the hightest cost of 146.9 for the cost of housing category.

Fruit Cove CDP Florida Labor Force Charts

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 COVID-19 Pandemic it went from 4.6% to 2.7% in December 2019. This represents a decrease in the monthly unemployment rate of 41.3%. Since that time, the monthly unemployment rate has gone to 2.7%. This represents an increase in the monthly unemployment rate of very little. 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. The monthly labor force participation depicts that from January 2017 to before the disasterous Coronavirus Pandemic it went from 439,629 to 470,943 in November 2019. This represents an increase in the monthly labor force participation of 7.1%. Since that time, the monthly labor force participation has gone to 470,943. This represents an increase in the monthly labor force participation of very little.

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 Fruit Cove CDP depicts it has a Unemployment Rate of 2.3% which is less than most other places in the local area. The place with the highest unemployment rate in the area is Lakeside CDP which shows a rate of 4.8% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Fruit Cove CDP depicts it has a Labor Force Participation of 64.7% which is the second most of all the places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Fruit Cove CDP shows full time employees approximately 3.2 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 Fruit Cove CDP area. Fruit Cove CDP depicts it has a Single Earner Families of 33.5% which is the third most families with a single earner of all other places in the greater Fruit Cove CDP region. The place with the highest families with a single earner in the area is Asbury Lake CDP which indicates a single earners rate of 37.8% (12.8% larger). The percentage of families with no one working is depicted in Figure 22. Fruit Cove CDP depicts it has a Families with No One Working of 14.2% which is the smallest as measured by families with no one working of all the other places in the area. The place with the highest families with no one working in the area is Orange Park which shows a families with no worker of 29.6% (about twice as large).

Fruit Cove CDP Florida Poverty Charts

The next section details economy analysis about poverty for residents of the Fruit Cove 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. Fruit Cove CDP depicts it has a Total In Poverty of 726 which is the smallest when sorted by total people earning less than the poverty level of all the other places in the metropolitan area. The place with the highest total people earning less than the poverty level in the area is Lakeside CDP which depicts a total people earning less than the poverty level of 3,119 (approximately 4.3 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Fruit Cove CDP depicts it has a Percent of Population In Poverty of 2.1% which is the smallest in order of percent of people earning less than the poverty level of all the other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Bellair-Meadowbrook Terrace CDP which depicts a percent of people in poverty of 13.8% ( markedly bigger).

In Figure 25 people who are in poverty are broken out by age group. Fruit Cove CDP has the percentage of person in poverty 12 to 17 years less than most other places in the greater region at 13% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 32% of the total and is ranked #1. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 25% of the total and is ranked #2. The only larger place being Fleming Island CDP with 31%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Fruit Cove CDP has the smallest proportion of hawaiian poverty rate at 1% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Fruit Cove CDP has the percentage of married with children and in poverty less than most other places in the greater region at 5% of the total. Second, it has less than most other places in the metro area as measured by unmarried with children and in poverty at 6% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Fruit Cove CDP has the smallest proportion of highschool graduate and in poverty at 2% 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. Fruit Cove CDP has the largest proportion of people who are in poverty and unemployed at 43.3% 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.) Fruit Cove CDP shows it has a Public Assistance Percent of 3.1% which is the second smallest when sorted by households with public assistance of all the other places in the local area. The place with the highest households with public assistance in the area is Green Cove Springs which depicts a households with public assistance of 17.7% ( considerably bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Fruit Cove CDP depicts it has a Gini Index of 40.0% which is the third most the gini index of all other places in the greater Fruit Cove CDP region.

Fruit Cove 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 Fruit Cove 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.) Fruit Cove CDP has the largest proportion of people who bicycle or walk to work at 20% 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 Fruit Cove CDP or elsewhere.) Fruit Cove CDP has the smallest proportion of people who took a taxicab, motorcycle or other at 0% of the total. Second, it has the largest proportion of people who work from home at 20% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Fruit Cove CDP has the percentage of people who leave for work between 12am to 5am the second smallest as measured by people who leave for work between 12am to 5am of all the other places in the surrounding region at 1% of the total. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 14% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 12noon to 4pm at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Fruit Cove CDP has the percentage of people with commute time of less than 5 minutesutes 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 5% of the total. Second, it has the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the greater region when sorted by people with commute time between 5 to 9 minutes at 8% of the total. Third, it has the largest proportion of people with commute time between 30 to 34 minutes at 6% of the total and is ranked #1.

The average commute time is shown in Figure 37. Fruit Cove CDP depicts it has a Avg Commute Time of 31 which is the second most average commute time of all the places in the greater Fruit Cove CDP region. Figure 38 shows the difference between male versus female commuting time. Fruit Cove CDP depicts average commute time in minutes for men 48.9% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Fruit Cove CDP has the smallest proportion of no vehicle available at 6% of the total. Second, it has one of the largest proportions of 1 vehicle available at 53% of the total and is ranked #2. The only larger place being Asbury Lake CDP with 58%. Third, it has one of the largest proportions of 2 vehicles available at 26% of the total and is ranked #3. Only #2 Lakeside CDP (26%), and #1 Fleming Island CDP (27%) are larger. Also, it has one of the largest proportions of 3 vehicles available at 13% of the total and is ranked #3. Only #2 Fleming Island CDP (13%), and #1 Lakeside CDP (15%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Fruit Cove CDP shows it has a Work in city or place where live of 28% which is the second most people who both work and live in the same city of all the places in the greater Fruit Cove CDP region. The place with the highest people who both work and live in the same city in the area is Green Cove Springs which depicts a people who both work and live in the same city of 30% (8.4% larger). Comparing people who both work and live in the same city to the United States average of 44%, Fruit Cove CDP is approximately three-fourths the size. Also, measured against the state of Florida, people who both work and live in the same city of 35%, Fruit Cove CDP is about 24.7% smaller.

Fruit Cove 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. Fruit Cove CDP depicts it has the hightest median earnings of $173,472 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Fruit Cove CDP depicts it has the hightest median earnings of $85,772 for the management, business, and financial occupations aggregate. The table in Figure 48, shows Fruit Cove CDP employment data in terms of job categories and salary data.

Fruit Cove 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. Fruit Cove CDP depicts it has the hightest entrepreneurs of 56% for the self employed management, business, science, and arts businesses aggregate.

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. Fruit Cove CDP shows it has the hightest entrepreneurs of 31% for the self employed in professional, scientific, management, administrative services group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Fruit Cove CDP depicts it has a Self Employment Income of $68,979 which is more than all other places in the local area. Comparing average annual self employment income to the United States average of $42,141, Fruit Cove CDP is 63.7% larger. Also, compared to the state of Florida, average annual self employment income of $40,129, Fruit Cove CDP is 71.9% larger.

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