Betsy Layne CDP Kentucky Income Charts

This section shows the Betsy Layne CDP Kentucky economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Betsy Layne CDP depicts it has a Median earnings of $35,461 which is in the center range of other places in the local area. The place with the highest median earnings per worker in the area is Allen which depicts a median earnings of $53,000 (49.5% larger). Comparing median earnings per worker to the United States average of $49,041, Betsy Layne CDP is approximately three-fourths the size. Also, benchmarked against the state of Kentucky, median earnings per worker of $43,234, Betsy Layne CDP is about 21.9% 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 $37,841 which is the second most median income of all the places in the greater Betsy Layne CDP region. The place with the highest median household income in the area is Coal Run Village which depicts a median income of $43,462 (14.9% larger). Comparing median household income to the United States average of $62,843, Betsy Layne CDP is approximately three-fourths the size. Also, benchmarked against the state of Kentucky, median household income of $50,589, Betsy Layne CDP is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Betsy Layne CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 18.9% of the total and is ranked #2. The only larger place being McDowell CDP with 31.0%. Second, it has one of the largest proportions of earnings between $15,000 and $19,999 at 43.3% of the total and is ranked #2. The only larger place being Dwale CDP with 60.5%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 42.6 which is the largest of all places in the greater Betsy Layne CDP region. 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 $16.01 which is less than most other places in the area. The place with the highest average hourly earnings in the area is Allen which shows an average hourly earnings of $28.96 (about twice as large). Comparing average hourly earnings to the United States average of $24.31, Betsy Layne CDP is approximately three-fourths the size. Also, versus the state of Kentucky, average hourly earnings of $21.32, Betsy Layne CDP is approximately three-fourths the size.

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-25 to 44 years at $36,734 of the total and is ranked #3. Only #2 Coal Run Village ($54,583), and #1 Pikeville ($79,554) are larger.

Figure 9 breaks down the source of income and Betsy Layne CDP has one of the largest proportions of investment and retirement income at 34.7% of the total and is ranked #2. The only larger place being McDowell CDP with 43.2%.

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 5.7% which is the smallest as measured by households with retirement income of all the other places in the greater region. The place with the highest households with retirement income in the area is Dwale CDP which shows a households with retirement income of 41.5% ( markedly bigger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $47,176 of the total and is ranked #3. Only #2 Coal Run Village ($56,161), and #1 Pikeville ($68,287) 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. Betsy Layne CDP depicts it has the hightest cost of 104.1 for the cost of grocery items aggregate.

Betsy Layne 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 Coronavirus Pandemic the monthly unemployment rate went from 8.3% to 4.4% in March 2020. This represents a decrease in the monthly unemployment rate of 47.0%. Since that time, the monthly unemployment rate has gone to 5.5% This represents an increase in the monthly unemployment rate of 25.0%. 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 disasterous COVID-19 Pandemic the monthly labor force participation went from 1,996 to 1,691 in March 2020. This represents a decrease in the monthly labor force participation of 15.3%. Since that time, the monthly labor force participation has gone to 1,606 This represents a decrease in the monthly labor force participation of 5.0%.

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 Betsy Layne CDP shows it has a Unemployment Rate of 4.2% which is in the mid range of other places in the metro area. The place with the highest unemployment rate in the area is Allen which depicts a rate of 17.1% (approximately 4.1 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Betsy Layne CDP depicts it has a Labor Force Participation of 54.8% which is the second most participation rates of all the places in the greater Betsy Layne CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Betsy Layne CDP depicts full time employees markedly bigger as the part time employees.

The percentage of families with no one working is depicted in Figure 22. Betsy Layne CDP indicates it has a Families with No One Working of 34.6% which is the third most of all other places in the local area. The place with the highest families with no one working in the area is Martin which depicts a families with no worker of 54.2% (56.7% larger).

Betsy Layne CDP Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Betsy Layne 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. Betsy Layne CDP shows it has a Total In Poverty of 29 which is the second smallest in order of total people earning less than the poverty level of all the other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is Pikeville which shows a total people earning less than the poverty level of 1,751 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Betsy Layne CDP shows it has a Percent of Population In Poverty of 8.4% which is the second smallest in terms of percent of people earning less than the poverty level of all the other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Allen which depicts a percent of people in poverty of 53.2% ( very much bigger).

In Figure 25 people who are in poverty are broken out by age group. Betsy Layne CDP has the largest proportion of person in poverty 18 to 34 years at 48% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 35 to 54 years at 52% 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. Betsy Layne CDP has the percentage of less than highschool in poverty the second smallest in terms of less than highschool in poverty of all the other places in the greater region at 10% of the total. Second, it has one of the largest proportions of has some college and in poverty at 22% of the total and is ranked #2. The only larger place being Allen with 67%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Betsy Layne CDP has the largest proportion of people who are in poverty and employed at 48.3% 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.) Betsy Layne CDP depicts it has a Public Assistance Percent of 14.9% which is less than most other places in the metro area. The place with the highest households with public assistance in the area is Allen which shows a households with public assistance of 36.5% (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). Betsy Layne CDP depicts it has a Gini Index of 39.0% which is less than most other places in the metropolitan area.

Betsy Layne CDP Kentucky Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Betsy Layne CDP or elsewhere.) Betsy Layne CDP has the percentage of people who drove alone less than most other places in the greater region at 78% of the total. Second, it has the largest proportion of people who carpooled at 22% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Betsy Layne CDP has the largest proportion of people who leave for work between 12am to 5am at 11% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 5am to 530am at 20% 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. Betsy Layne CDP has the percentage of people with commute time of less than 5 minutesutes the second smallest in terms of people with commute time of less than 5 minutes of all the other places in the metropolitan area at 11% of the total. Second, it has in the mid range of other places in the metro area in order of people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 50% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 24% of the total and is ranked #1.

The average commute time is shown in Figure 37. Betsy Layne CDP shows it has a Avg Commute Time of 16 which is the third most average commute time of all other places in the greater Betsy Layne CDP region. Figure 38 shows the difference between male versus female commuting time. Betsy Layne CDP depicts average commute time in minutes for men 19.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Betsy Layne CDP has the percentage of no vehicle available the second smallest as measured by no vehicle available of all the other places in the metropolitan area at 19% of the total. Second, it has one of the largest proportions of 1 vehicle available at 47% of the total and is ranked #2. The only larger place being Martin with 52%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Betsy Layne CDP shows it has a Work in city or place where live of 11% which is in the mid range of other places in the greater region. The place with the highest people who both work and live in the same city in the area is Pikeville which depicts a people who both work and live in the same city of 68% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 42%, Betsy Layne CDP is approximately a quarter the size. Also, in comparison with the state of Kentucky, people who both work and live in the same city of 52%, Betsy Layne CDP is approximately a fifth the size.

Betsy Layne CDP Kentucky Jobs Charts

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