Simonton Lake CDP Indiana Income Charts

This section shows the Simonton Lake CDP Indiana economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Simonton Lake CDP shows it has a Median earnings of $43,693 which is the second most of all the places in the local area. The place with the highest median earnings per worker in the area is Granger CDP which depicts a median earnings of $68,351 (56.4% larger). Comparing median earnings per worker to the United States average of $49,041, Simonton Lake CDP is about 12.2% smaller. Also, measured against the state of Indiana, median earnings per worker of $45,196, Simonton Lake CDP is only about 3.4% 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 $53,818 which is less than most other places in the metro area. The place with the highest median household income in the area is Granger CDP which depicts a median income of $101,904 (about twice as large). Comparing median household income to the United States average of $62,843, Simonton Lake CDP is about 16.8% smaller. Also, versus the state of Indiana, median household income of $56,303, Simonton Lake CDP is only about 4.6% smaller.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.5 which is the second smallest in terms of average hours of all the other places in the greater region. The place with the highest average hours in the area is Edwardsburg which shows an average hours of 39.8 (6.1% 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 $22.41 which is the second most average hourly earnings of all the places in the greater Simonton Lake CDP region. The place with the highest average hourly earnings in the area is Granger CDP which depicts an average hourly earnings of $33.19 (48.1% larger). Comparing average hourly earnings to the United States average of $24.31, Simonton Lake CDP is about 8.5% smaller. Also, versus the state of Indiana, average hourly earnings of $22.40, Simonton Lake CDP is about the same size.

Figure 7 examines the number of self employed people in the Simonton Lake CDP metro area based on the number of people who reported any self employment income. Simonton Lake CDP depicts it has a Self Employed of 8.2% which is the third most people self employed of all other places in the greater Simonton Lake CDP region. The place with the highest percentage of people self employed in the area is Granger CDP which depicts a percentage self employed of 11.9% (44.9% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest in terms of median income for those under 25 years of age of all the other places in the metro area at $54,844 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $85,417 of the total and is ranked #2. The only larger place being Granger CDP with $119,460. Third, it has one of the largest proportions of median income-45 to 64 years at $50,625 of the total and is ranked #3. Only #2 Dunlap CDP ($54,485), and #1 Granger CDP ($57,975) are larger.

Figure 9 breaks down the source of income and Simonton Lake CDP has the largest proportion of income from wages at 8.2% of the total and is ranked #1.

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 16.5% which is less than most other places in the local area. The place with the highest households with retirement income in the area is Dunlap CDP which shows a households with retirement income of 22.2% (34.2% 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 the second smallest when ranked by overall family income of all the other places in the local area at $58,646 of the total. Second, it has one of the largest proportions of white family income at $35,125 of the total and is ranked #2. The only larger place being Granger CDP with $143,208. Third, it has one of the largest proportions of american indian family income at $97,344 of the total and is ranked #2. The only larger place being Granger CDP with $107,607.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Simonton Lake CDP indicates it has the hightest cost of 97.3 for the cost of miscellaneous items category.

Simonton Lake CDP Indiana 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 Coronavirus Pandemic the monthly unemployment rate went from 18.5% to 3.5% in February 2020. This represents a decrease in the monthly unemployment rate of 81.1%. Since that time, the monthly unemployment rate has gone to 6.2% This represents an increase in the monthly unemployment rate of 77.1%. 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 shows that from February 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 22,556 to 26,267 in February 2020. This represents an increase in the monthly labor force participation of 16.5%. Since that time, the monthly labor force participation has gone to 25,523 This represents a decrease in the monthly labor force participation of 2.8%.

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 Simonton Lake CDP depicts it has a Unemployment Rate of 2.0% which is less than most other places in the local area. The place with the highest unemployment rate in the area is Edwardsburg which depicts a rate of 5.1% (approximately 2.6 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Simonton Lake CDP depicts it has a Labor Force Participation of 61.3% which is the smallest in order of participation rate of all the other places in the metro 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). Simonton Lake CDP has the largest proportion of unemployed at 38.7% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Simonton Lake CDP depicts full time employees approximately 3.6 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 Simonton Lake CDP area. Simonton Lake CDP depicts it has a Single Earner Families of 33.9% which is more than all other places in the greater Simonton Lake CDP region. The percentage of families with no one working is depicted in Figure 22. Simonton Lake CDP shows it has a Families with No One Working of 18.5% which is the third most families with no one working of all other places in the greater Simonton Lake CDP region. The place with the highest families with no one working in the area is Bristol which shows a families with no worker of 28.4% (53.1% larger).

Simonton Lake CDP Indiana Poverty Charts

The next section details economy analysis about poverty for residents of the Simonton Lake 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. Simonton Lake CDP shows it has a Total In Poverty of 1,245 which is the second most total people earning less than the poverty level of all the places in the greater Simonton Lake CDP region. The place with the highest total people earning less than the poverty level in the area is Elkhart which shows a total people earning less than the poverty level of 11,246 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Simonton Lake CDP shows it has a Percent of Population In Poverty of 23.2% which is more than all other places in the greater Simonton Lake CDP region.

In Figure 25 people who are in poverty are broken out by age group. Simonton Lake CDP has the smallest proportion of person in poverty 12 to 17 years at 18% of the total. Second, it has the smallest proportion of person in poverty 55 to 64 years at 6% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Simonton Lake CDP has the largest proportion of white poverty rate at 36% of the total and is ranked #1. Second, it has the largest proportion of hawaiian poverty rate at 66% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Simonton Lake CDP has the percentage of married with children and in poverty less than most other places in the metro area at 20% of the total. Second, it has less than most other places in the metro area when ranked by unmarried with children and in poverty at 18% of the total. Third, it has one of the largest proportions of unmarried female with children and in poverty at 30% of the total and is ranked #2. The only larger place being Bristol with 50%. 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.) Simonton Lake CDP indicates it has a Public Assistance Percent of 10.3% which is the third most households with public assistance of all other places in the greater Simonton Lake CDP region. The place with the highest households with public assistance in the area is Edwardsburg which depicts a households with public assistance of 24.4% (approximately 2.4 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Simonton Lake CDP shows it has a Gini Index of 42.3% which is in the mid range of other places in the greater region.

Simonton Lake CDP Indiana Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Simonton Lake CDP or elsewhere.) Simonton Lake CDP has the largest proportion of people who drove alone at 94% of the total and is ranked #1. Second, it has the smallest proportion of people who carpooled at 2% of the total. Third, it has the largest proportion of people who bike at 1% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Simonton Lake CDP has the percentage of people who leave for work between 12am to 5am in the mid range of other places in the greater region at 4% of the total. Second, it has the smallest proportion of people who leave for work between 11am to 12noon at 1% of the total. Third, it has the largest proportion of people who leave for work between 12noon to 4pm at 9% 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. Simonton Lake CDP has the percentage of people with commute time of less than 5 minutesutes in the mid range of other places in the area at 10% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 30% of the total and is ranked #1. Third, it has the smallest proportion of people with commute time between 15 to 19 minutes at 12% of the total. Also, it has the smallest proportion of people with commute time between 25 to 29 minutes at 10% of the total. In addition, it has the largest proportion of people with commute time between 35 to 39 minutes at 6% of the total and is ranked #1.

The average commute time is shown in Figure 37. Simonton Lake CDP shows it has a Avg Commute Time of 21 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Simonton Lake CDP shows average commute time in minutes for men 36.0% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Simonton Lake CDP has one of the largest proportions of no vehicle available at 21% of the total and is ranked #3. Only #2 Elkhart (27%), and #1 Edwardsburg (29%) are larger. Second, it has one of the largest proportions of 1 vehicle available at 50% of the total and is ranked #2. The only larger place being Granger CDP with 51%. Third, it has the second smallest when sorted by no vehicle available of all the other places in the metro area in terms of 3 vehicles available at 2% of the total. Also, it has in the mid range of other places in the metropolitan area in order of 4 vehicles available at 2% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Simonton Lake CDP shows it has a Work in city or place where live of 4% which is the smallest in terms of people who both work and live in the same city of all the other places in the area. The place with the highest people who both work and live in the same city in the area is Elkhart which shows a people who both work and live in the same city of 57% ( very much bigger). Comparing people who both work and live in the same city to the United States average of 42%, Simonton Lake CDP is approximately a tenth the size. Also, measured against the state of Indiana, people who both work and live in the same city of 48%, Simonton Lake CDP is approximately a twelfth the size.

Simonton Lake CDP Indiana 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. Simonton Lake CDP depicts it has the hightest median earnings of $115,407 for the management, business, and financial occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Simonton Lake CDP depicts it has the hightest median earnings of $83,833 for the management, business, and financial occupations classification. The table in Figure 48, shows Simonton Lake CDP employment data in terms of job categories and salary data.

Simonton Lake CDP Indiana 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. Simonton Lake CDP shows it has the hightest entrepreneurs of 41% for the self employed in service 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. Simonton Lake CDP shows it has the hightest entrepreneurs of 28% for the self employed in educational services, health care and social assistance aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Simonton Lake CDP shows it has a Self Employment Income of $74,413 which is the highest of all places in the greater Simonton Lake CDP region. Comparing average annual self employment income to the United States average of $39,154, Simonton Lake CDP is about twice as large. Also, measured against the state of Indiana, average annual self employment income of $33,327, Simonton Lake CDP is approximately 2.2 times bigger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Simonton Lake CDP indicates total number of self-employed men approximately 2.3 times bigger as the total number of self-employed women.