Boston CDP Kentucky Income Charts

This section shows the Boston 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, Boston CDP depicts it has a Median earnings of $28,355 which is the smallest when ranked by median earnings per worker of all the other places in the metropolitan area. The place with the highest median earnings per worker in the area is Elizabethtown which indicates a median earnings of $45,256 (59.6% larger). Comparing median earnings per worker to the United States average of $50,459, Boston CDP is approximately half the size. Also, measured against the state of Kentucky, median earnings per worker of $44,129, Boston CDP is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Boston CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $10,000 and $14,999 at 19.3% of the total and is ranked #1. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 19.3% 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 48.6 which is the most of all places in the greater Boston 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 $11.22 which is the smallest in terms of average hourly earnings of all the other places in the greater region. The place with the highest average hourly earnings in the area is Shepherdsville which depicts an average hourly earnings of $22.12 (about twice as large). Comparing average hourly earnings to the United States average of $25.01, Boston CDP is approximately half the size. Also, benchmarked against the state of Kentucky, average hourly earnings of $21.76, Boston CDP is approximately half the size.

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 30.3% which is the second most households with retirement income of all the places in the greater Boston CDP region. The place with the highest households with retirement income in the area is Lebanon Junction which depicts a households with retirement income of 31.4% (only about 3.6% 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 $103,864 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Boston CDP shows it has the hightest cost of 99.1 for the cost of utilities category.

Boston 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 depicts that from January 2010 to before the Wuhan Coronavirus Pandemic the monthly unemployment rate went from 10.1% to 4.9% in March 2020. This represents a decrease in the monthly unemployment rate of 51.5%. Since that time, the monthly unemployment rate has gone to 4.1% This represents a decrease in the monthly unemployment rate of 16.3%. 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 January 2010 to before the Coronavirus Pandemic the monthly labor force participation went from 12,832 to 13,888 in March 2020. This represents an increase in the monthly labor force participation of 8.2%. Since that time, the monthly labor force participation has gone to 13,387 This represents a decrease in the monthly labor force participation of 3.6%. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Boston CDP shows it has a Labor Force Participation of 90.2% which is is the uppermost of the places in the greater Boston 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). Boston CDP has the smallest proportion of unemployed at 9.8% of the total.

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 Boston CDP area. Boston CDP depicts it has a Single Earner Families of 5.4% which is the smallest in order of families with a single earner of all the other places in the greater region. The place with the highest families with a single earner in the area is New Haven which shows a single earners rate of 32.6% ( markedly bigger).

Boston CDP Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Boston 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. Boston CDP depicts it has a Total In Poverty of 10 which is the smallest as measured by total people earning less than the poverty level of all the other places in the greater region. The place with the highest total people earning less than the poverty level in the area is Radcliff which depicts a total people earning less than the poverty level of 4,213 ( 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. Boston CDP depicts it has a Percent of Population In Poverty of 7.2% which is the smallest in order of percent of people earning less than the poverty level of all the other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Radcliff which depicts a percent of people in poverty of 18.8% (approximately 2.6 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Boston CDP has the largest proportion of person in poverty 18 to 34 years 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. Boston CDP has the largest proportion of highschool graduate and in poverty at 18% of the total and is ranked #1.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Boston CDP shows it has a Gini Index of 33.7% which is the smallest as measured by the gini index of all the other places in the surrounding region.

Boston CDP Kentucky Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Boston CDP or elsewhere.) Boston CDP has the largest proportion of people who drove alone at 100% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Boston CDP has the largest proportion of people who leave for work between 12am to 5am at 8% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 5am to 530am at 9% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 530 am to 6am at 3% of the total. Also, it has the largest proportion of people who leave for work between 6am to 630am at 33% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 630 am to 7am at 19% 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. Boston CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 19% of the total and is ranked #3. Only #2 Elizabethtown (19%), and #1 Bardstown (31%) are larger. Second, it has the second smallest in order of people with commute time of less than 5 minutes of all the other places in the greater region as measured by people with commute time between 15 to 19 minutes at 3% of the total. Third, it has the largest proportion of people with commute time between 30 to 34 minutes at 8% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 45 to 59 minutes at 35% of the total and is ranked #1.

The average commute time is shown in Figure 37. Boston CDP depicts it has a Avg Commute Time of 33 which is more than all other places in the greater Boston CDP region. Figure 38 shows the difference between male versus female commuting time. Boston CDP indicates average commute time in minutes for men markedly bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Boston CDP has the largest proportion of 1 vehicle available at 61% of the total and is ranked #1. Second, it has the largest proportion of 2 vehicles available at 39% of the total and is ranked #1.

Boston CDP Kentucky Jobs Charts

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