Beech Grove CDP Kentucky Income Charts

This section shows the Beech Grove CDP Kentucky economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Beech Grove CDP depicts it has a Median earnings of $49,750 which is the second most median earnings of all the places in the greater Beech Grove CDP region. The place with the highest median earnings per worker in the area is Anthoston CDP which depicts a median earnings of $51,750 (only about 4.0% larger). Comparing median earnings per worker to the United States average of $53,269, Beech Grove CDP is about 7.1% smaller. Also, measured against the state of Kentucky, median earnings per worker of $46,067, Beech Grove CDP is 8.0% larger.

The next section examines a variety of different income statistics for the Beech Grove CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings between $15,000 and $19,999 at 41.7% of the total and is ranked #2. The only larger place being Sebree with 51.6%. Second, it has the smallest proportion of earnings between $20,000 and $49,999 at 9.6% of the total. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 17.3% of the total and is ranked #1. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 8.3% 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 43.0 which is the second most average hours of all the places in the greater Beech Grove CDP region. The place with the highest average hours in the area is Slaughters which shows an average hours of 44.3 (only about 3.0% 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 $22.25 which is the second most average hourly earnings of all the places in the greater Beech Grove CDP region. The place with the highest average hourly earnings in the area is Robards which depicts an average hourly earnings of $23.06 (only about 3.6% larger). Comparing average hourly earnings to the United States average of $26.40, Beech Grove CDP is about 18.7% smaller. Also, in comparison with the state of Kentucky, average hourly earnings of $22.72, Beech Grove CDP is only about 2.1% smaller.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Beech Grove CDP shows it has the hightest cost of 120.0 for the cost of utilities aggregate.

Beech Grove CDP Kentucky 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 Coronavirus Pandemic the monthly unemployment rate went from 10.9% to 4.3% in February 2020. This represents a decrease in the monthly unemployment rate of 60.6%. Since that time, the monthly unemployment rate has gone to 3.9% This represents a decrease in the monthly unemployment rate of 9.3%. 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 26,436 to 26,509 in March 2020. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 26,835 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 Beech Grove CDP shows it has a Unemployment Rate of 5.5% which is the third most of all other places in the local area. The place with the highest unemployment rate in the area is Calhoun which depicts a rate of 6.3% (15.0% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Beech Grove CDP shows it has a Labor Force Participation of 85.2% which is at the top of all other places in the greater Beech Grove CDP region.

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). Beech Grove CDP has the smallest proportion of unemployed at 14.8% of the total.

Beech Grove CDP Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Beech Grove 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. Beech Grove CDP shows it has a Total In Poverty of 63 which is less than most other places in the local area. The place with the highest total people earning less than the poverty level in the area is Sebree which depicts a total people earning less than the poverty level of 307 (approximately 4.9 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Beech Grove CDP shows it has a Percent of Population In Poverty of 30.0% which is more than all other places in the greater Beech Grove CDP region.

In Figure 25 people who are in poverty are broken out by age group. Beech Grove CDP has one of the largest proportions of person in poverty under 12 years at 30% of the total and is ranked #2. The only larger place being Anthoston CDP with 62%. Second, it has the largest proportion of person in poverty 18 to 34 years at 38% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Beech Grove CDP has the largest proportion of white poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Beech Grove CDP has the largest proportion of married with children and in poverty at 100% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty 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. Beech Grove CDP has the largest proportion of less than highschool in poverty at 44% of the total and is ranked #1. Second, it has the largest proportion of has some college and in poverty at 65% 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.) Beech Grove CDP depicts it has a Public Assistance Percent of 9.2% which is less than most other places in the metro area. The place with the highest households with public assistance in the area is Calhoun which shows a households with public assistance of 18.6% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Beech Grove CDP shows it has a Gini Index of 42.6% which is the highest of all places in the local area.

Beech Grove CDP Kentucky 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 Beech Grove 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.) Beech Grove CDP has the largest proportion of people who take public transportation to work at 25% of the total and is ranked #1. Second, it has the largest proportion of people who bicycle or walk to work at 9% 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 Beech Grove CDP or elsewhere.) Beech Grove CDP has the smallest proportion of people who drove alone at 66% of the total. Second, it has the largest proportion of people who walked at 25% of the total and is ranked #1. Third, it has the largest proportion of people who work from home at 9% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Beech Grove CDP has the largest proportion of people who leave for work between 12am to 5am at 41% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 5am to 530am at 21% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 10am to 11am at 11% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 11am to 12noon at 27% 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. Beech Grove CDP has the percentage of people with commute time between 5 to 9 minutes in the middle range of other places in the metro area at 27% of the total. Second, it has the largest proportion of people with commute time between 15 to 19 minutes at 52% of the total and is ranked #1. Figure 40 shows the total number of vehicles available for transportation and Beech Grove CDP has one of the largest proportions of 1 vehicle available at 44% of the total and is ranked #2. The only larger place being Anthoston CDP with 72%. Second, it has the largest proportion of 3 vehicles available at 56% 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.) Beech Grove CDP shows it has a Work in city or place where live of 34% which is the highest of all places in the metro area. Comparing people who both work and live in the same city to the United States average of 44%, Beech Grove CDP is approximately three-fourths the size. Also, versus the state of Kentucky, people who both work and live in the same city of 53%, Beech Grove CDP is approximately three-fourths the size.

Beech Grove CDP Kentucky 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. Beech Grove CDP shows it has the hightest median earnings of $83,657 for the management, business, and financial occupations classification. The table in Figure 48, shows Beech Grove CDP employment data in terms of job categories and salary data.