Ponte Vedra CCD Florida Income Charts

This section shows the Ponte Vedra CCD Florida economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Ponte Vedra CCD shows it has a Median earnings of $92,457 which is the third most median earnings of all other places in the greater Ponte Vedra CCD region. The place with the highest median earnings per worker in the area is Nocatee CDP which depicts a median earnings of $103,911 (12.4% larger). Comparing median earnings per worker to the United States average of $53,269, Ponte Vedra CCD is 73.6% larger. Also, in comparison with the state of Florida, median earnings per worker of $44,941, Ponte Vedra CCD 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 $116,257 which is the second most median income of all the places in the greater Ponte Vedra CCD region. The place with the highest median household income in the area is Nocatee CDP which depicts a median income of $128,382 (10.4% larger). Comparing median household income to the United States average of $69,021, Ponte Vedra CCD is 68.4% larger. Also, compared to the state of Florida, median household income of $61,777, Ponte Vedra CCD is about twice as large.

The next section examines a variety of different income statistics for the Ponte Vedra CCD metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings between $75,000 and $99,999 at 34.7% of the total and is ranked #3. Only #2 Sawgrass CDP (34.8%), and #1 Nocatee CDP (37.2%) are larger.

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 in the mid range of other places in the local area. The place with the highest average hours in the area is Jacksonville Beach which shows an average hours of 40.0 ( only slightly 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 $45.47 which is the third most average hourly earnings of all other places in the greater Ponte Vedra CCD region. The place with the highest average hourly earnings in the area is Nocatee CDP which shows an average hourly earnings of $51.90 (14.1% larger). Comparing average hourly earnings to the United States average of $26.40, Ponte Vedra CCD is 72.2% larger. Also, benchmarked against the state of Florida, average hourly earnings of $22.22, Ponte Vedra CCD is about twice as large.

Figure 7 examines the number of self employed people in the Ponte Vedra CCD metro area based on the number of people who reported any self employment income. Ponte Vedra CCD shows it has a Self Employed of 12.1% which is the second smallest as measured by percentage of people self employed of all the other places in the metropolitan area. The place with the highest percentage of people self employed in the area is Neptune Beach which depicts a percentage self employed of 16.0% (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 $137,963 of the total and is ranked #3. Only #2 Sawgrass CDP ($144,489), and #1 Nocatee CDP ($193,677) are larger. Second, it has the largest proportion of median income-25 to 44 years at $160,354 of the total and is ranked #1. Third, it has in the mid range of other places in the local area when sorted by median income-45 to 64 years at $79,792 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 25.0% which is the second smallest when ranked by households with retirement income of all the other places in the metropolitan area. The place with the highest households with retirement income in the area is Nocatee CDP which depicts a households with retirement income of 31.3% (25.2% 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 $150,827 of the total and is ranked #1. Second, it has one of the largest proportions of white family income at $162,670 of the total and is ranked #2. The only larger place being Palm Valley CDP with $163,011. Third, it has one of the largest proportions of american indian family income at $119,375 of the total and is ranked #2. The only larger place being Atlantic Beach with $188,393. Also, it has one of the largest proportions of hawaiian family income at $139,779 of the total and is ranked #3. Only #2 Palm Valley CDP ($140,313), and #1 Jacksonville Beach ($147,206) 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. Ponte Vedra CCD depicts it has the hightest cost of 210.0 for the cost of housing aggregate.

Ponte Vedra CCD 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 depicts that from February 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 11.3% to 2.8% 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 3.1% This represents an increase in the monthly unemployment rate of 10.7%. 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 Wuhan virus Pandemic the monthly labor force participation went from 416,519 to 452,875 in March 2020. This represents an increase in the monthly labor force participation of 8.7%. Since that time, the monthly labor force participation has gone to 488,685 This represents an increase in the monthly labor force participation of 7.9%.

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 Ponte Vedra CCD shows it has a Unemployment Rate of 1.7% which is the third most unemployment rate of all other places in the greater Ponte Vedra CCD region. The place with the highest unemployment rate in the area is Nocatee CDP which depicts a rate of 3.9% (approximately 2.3 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Ponte Vedra CCD shows it has a Labor Force Participation of 58.7% 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. Ponte Vedra CCD depicts full time employees approximately 3.4 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 Ponte Vedra CCD area. Ponte Vedra CCD depicts it has a Single Earner Families of 31.8% which is the third most families with a single earner of all other places in the greater Ponte Vedra CCD region. The place with the highest families with a single earner in the area is Sawgrass CDP which shows a single earners rate of 35.2% (10.7% larger). The percentage of families with no one working is depicted in Figure 22. Ponte Vedra CCD depicts it has a Families with No One Working of 21.3% which is in the center range of other places in the metro area. The place with the highest families with no one working in the area is Sawgrass CDP which depicts a families with no worker of 29.9% (40.1% larger).

Ponte Vedra CCD Florida Poverty Charts

The next section details economy analysis about poverty for residents of the Ponte Vedra CCD 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. Ponte Vedra CCD shows it has a Total In Poverty of 1,432 which is the second most total people earning less than the poverty level of all the places in the greater Ponte Vedra CCD region. The place with the highest total people earning less than the poverty level in the area is Jacksonville Beach which shows a total people earning less than the poverty level of 1,626 (13.5% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Ponte Vedra CCD indicates it has a Percent of Population In Poverty of 4.5% which is in the mid 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 Sawgrass CDP which shows a percent of people in poverty of 7.3% (63.1% larger).

In Figure 25 people who are in poverty are broken out by age group. Ponte Vedra CCD has the percentage of person in poverty 12 to 17 years the second smallest when sorted by person in poverty under 12 years of all the other places in the area at 14% of the total. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 33% of the total and is ranked #3. Only #2 Sawgrass CDP (38%), and #1 Nocatee CDP (59%) are larger.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Ponte Vedra CCD has one of the largest proportions of white poverty rate at 1% of the total and is ranked #3. Only #2 Atlantic Beach (2%), and #1 Jacksonville Beach (38%) are larger. 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.) Ponte Vedra CCD shows it has a Public Assistance Percent of 1.6% which is the second smallest when sorted by households with public assistance of all the other places in the surrounding region. The place with the highest households with public assistance in the area is Jacksonville Beach which depicts a households with public assistance of 6.1% (approximately 3.8 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Ponte Vedra CCD shows it has a Gini Index of 51.1% which is the third most of all other places in the area.

Ponte Vedra CCD Florida Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Ponte Vedra CCD has the largest proportion of people who leave for work between 730 am to 8am at 22% 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. Ponte Vedra CCD has one of the largest proportions of people with commute time between 5 to 9 minutes at 15% of the total and is ranked #2. The only larger place being Sawgrass CDP with 23%. Second, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 15% of the total and is ranked #2. The only larger place being Palm Valley CDP with 16%.

The average commute time is shown in Figure 37. Ponte Vedra CCD depicts it has a Avg Commute Time of 25 which is less than most other places in the area. Figure 38 shows the difference between male versus female commuting time. Ponte Vedra CCD depicts average commute time in minutes for men 79.7% larger as the average commute time in minutes for women. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Ponte Vedra CCD depicts it has a Work in city or place where live of 35% which is in the mid range of other places in the metropolitan area. The place with the highest people who both work and live in the same city in the area is Nocatee CDP which shows a people who both work and live in the same city of 43% (25.3% larger). Comparing people who both work and live in the same city to the United States average of 44%, Ponte Vedra CCD 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%, Ponte Vedra CCD is about the same size.

Ponte Vedra CCD 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. Ponte Vedra CCD depicts it has the hightest median earnings of $191,932 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Ponte Vedra CCD depicts it has the hightest median earnings of $94,695 for the earnings-healthcare practitioners and tech occupations group. The table in Figure 48, shows Ponte Vedra CCD employment data in terms of job categories and salary data.

Ponte Vedra CCD 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. Ponte Vedra CCD shows it has the hightest entrepreneurs of 68% for the self employed management, business, science, and arts businesses category.

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. Ponte Vedra CCD depicts it has the hightest entrepreneurs of 34% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Ponte Vedra CCD depicts it has a Self Employment Income of $116,019 which is the highest of all places in the greater Ponte Vedra CCD region. Comparing average annual self employment income to the United States average of $42,141, Ponte Vedra CCD is approximately 2.8 times bigger. Also, compared to the state of Florida, average annual self employment income of $40,129, Ponte Vedra CCD is approximately 2.9 times bigger.

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