Beech Grove CDP Kentucky Income Charts

This section shows the Beech Grove CDP Kentucky economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Beech Grove CDP depicts it has a Median earnings of $45,375 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 Anthoston CDP which shows a median earnings of $48,594 (7.1% larger). Comparing median earnings per worker to the United States average of $50,459, Beech Grove CDP is about 11.2% smaller. Also, measured against the state of Kentucky, median earnings per worker of $44,129, Beech Grove CDP is only about 2.8% 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 the largest proportion of earnings less than $10,000 at 15.9% of the total and is ranked #1. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 3.5% of the total. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 14.1% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.2 which is the smallest when sorted by average hours of all the other places in the local area. The place with the highest average hours in the area is Slaughters which depicts an average hours of 43.4 (16.7% 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 $23.46 which is the second most of all the places in the metropolitan area. The place with the highest average hourly earnings in the area is Anthoston CDP which depicts an average hourly earnings of $23.96 ( only slightly larger). Comparing average hourly earnings to the United States average of $25.01, Beech Grove CDP is about 6.6% smaller. Also, benchmarked against the state of Kentucky, average hourly earnings of $21.76, Beech Grove CDP is 7.8% larger.

Figure 7 examines the number of self employed people in the Beech Grove CDP metro area based on the number of people who reported any self employment income. Beech Grove CDP depicts it has a Self Employed of 22.7% which is ranked #1 of all places in the greater Beech Grove CDP region.

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 $62,841 of the total and is ranked #1. Second, it has less than most other places in the local area in terms of median income-25 to 44 years at $13,102 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 5.0% which is the smallest in order of households with retirement income of all the other places in the local area. The place with the highest households with retirement income in the area is Robards which shows a households with retirement income of 41.0% ( very much bigger).

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 depicts it has the hightest cost of 120.0 for the cost of utilities classification.

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 January 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 10.7% to 5.0% in March 2020. This represents a decrease in the monthly unemployment rate of 53.3%. Since that time, the monthly unemployment rate has gone to 3.8% This represents a decrease in the monthly unemployment rate of 24.0%. 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 January 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 26,487 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 26,429 This represents a decrease in the monthly labor force participation of very little. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Beech Grove CDP depicts it has a Labor Force Participation of 65.4% which is at the top of all other places in the surrounding 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 34.6% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Beech Grove CDP depicts full time employees approximately 4.7 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 Beech Grove CDP area. Beech Grove CDP depicts it has a Single Earner Families of 35.5% which is in the intermediate range of other places in the local area. The place with the highest families with a single earner in the area is Anthoston CDP which shows a single earners rate of 53.3% (50.3% larger).

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 129 which is the second most of all the places in the surrounding region. 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 302 (approximately 2.3 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Beech Grove CDP indicates it has a Percent of Population In Poverty of 47.8% which is the largest of all 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 16% of the total and is ranked #2. The only larger place being Hanson with 16%. Second, it has the largest proportion of person in poverty 18 to 34 years at 55% 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 one of the largest proportions of married with children and in poverty at 80% of the total and is ranked #2. The only larger place being Anthoston CDP with 100%. Second, it has one of the largest proportions of unmarried with children and in poverty at 80% of the total and is ranked #3. Only #2 Robards (91%), and #1 Anthoston CDP (100%) are larger.

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 percentage of highschool graduate and in poverty less than most other places in the local area at 12% of the total. Second, it has the largest proportion of has some college and in poverty at 100% 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 32.8% which is the most of all places in the greater Beech Grove CDP region.

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 50.9% which is ranked #1 of all places in the greater Beech Grove CDP region.

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 51% 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 49% of the total. Second, it has the largest proportion of people who walked at 51% 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 14% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 5am to 530am at 14% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 10am to 11am at 7% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 11am to 12noon at 42% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 12noon to 4pm 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. Beech Grove CDP has one of the largest proportions of people with commute time between 5 to 9 minutes at 25% of the total and is ranked #3. Only #2 Anthoston CDP (30%), and #1 Hanson (30%) are larger. Second, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 24% of the total and is ranked #2. The only larger place being Anthoston CDP with 50%. Third, it has one of the largest proportions of people with commute time between 15 to 19 minutes at 21% of the total and is ranked #2. The only larger place being Robards with 22%. Also, it has the smallest proportion of people with commute time between 25 to 29 minutes at 4% of the total.

The average commute time is shown in Figure 37. Beech Grove CDP depicts it has a Avg Commute Time of 12 which is the second smallest in terms of average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Beech Grove CDP depicts average commute time in minutes for men about 23.0% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Beech Grove CDP has the largest proportion of no vehicle available at 26% of the total and is ranked #1. Second, it has the second smallest in order of no vehicle available of all the other places in the local area as measured by 1 vehicle available at 31% of the total. Third, it has one of the largest proportions of 3 vehicles available at 24% of the total and is ranked #2. The only larger place being Robards with 25%. 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 51% which is the highest of all places in the greater Beech Grove CDP region. Comparing people who both work and live in the same city to the United States average of 43%, Beech Grove CDP is 19.7% larger. Also, benchmarked against the state of Kentucky, people who both work and live in the same city of 45%, Beech Grove CDP is 13.5% larger.

Beech Grove CDP Kentucky Jobs Charts

The table in Figure 48, shows Beech Grove CDP employment data in terms of job categories and salary data.