Corydon CCD Kentucky Income Charts

This section shows the Corydon CCD Kentucky economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Corydon CCD shows it has a median earnings per worker of $38,391 which is the second most of all the places in the metro area. The place with the highest median earnings per worker in the area is Waverly which depicts a median earnings of $42,500 (10.7% larger). Comparing median earnings per worker to the United States average of $47,712, Corydon CCD is about 24.3% smaller. Also, versus the state of Kentucky, median earnings per worker of $41,808, Corydon CCD is about 8.9% 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 $48,659 which is more than all other places in the greater Corydon CCD region. Comparing median household income to the United States average of $60,293, Corydon CCD is about 23.9% smaller. Also, versus the state of Kentucky, median household income of $48,392, Corydon CCD is about the same size.

The next section examines a variety of different income statistics for the Corydon CCD metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 in the mid range of other places in the metropolitan area at 17.6% of the total. Second, it has the largest proportion of earnings of $100,000 more at 8.0% 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 an average hours of 39.6 which is in the center range of other places in the metropolitan area. The place with the highest average hours in the area is Waverly which depicts an average hours of 41.1 (only about 3.8% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $18.64 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 Waverly which depicts an average hourly earnings of $19.89 (6.7% larger). Comparing average hourly earnings to the United States average of $23.71, Corydon CCD is approximately three-fourths the size. Also, measured against the state of Kentucky, average hourly earnings of $20.67, Corydon CCD is about 10.9% smaller.

Figure 7 examines the number of self employed people in the Corydon CCD metro area based on the number of people who reported any self employment income. Corydon CCD depicts it has a percentage of people self employed of 11.1% which is the highest of all places in the greater Corydon CCD region.

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $22,944 of the total and is ranked #2. The only larger place being Henderson with $27,417. Second, it has the largest proportion of median income-25 to 44 years at $49,617 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $55,224 of the total and is ranked #2. The only larger place being Waverly with $82,083. Also, it has one of the largest proportions of median income-65 years and over at $36,908 of the total and is ranked #3. Only #2 Corydon ($38,846), and #1 Breckinridge Center CDP ($61,354) are larger.

Figure 9 breaks down the source of income and Corydon CCD has the largest proportion of investment and retirement income at 13.0% 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 households with retirement income of 22.4% which is ranked #1 of all places in the greater Corydon CCD region.

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 $56,667 of the total and is ranked #2. The only larger place being Waverly with $68,125. Second, it has one of the largest proportions of white family income at $56,540 of the total and is ranked #2. The only larger place being Waverly with $75,500. Third, it has the largest proportion of hispanic family income at $87,778 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. Corydon CCD depicts it has the hightest cost of 120.0 for the cost of utilities category.

Corydon CCD 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 disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 12.0% to 3.9% in December 2019. This represents a decrease in the monthly unemployment rate of 67.5%. Since that time, the monthly unemployment rate has gone to 3.9% This represents an increase in the monthly unemployment rate of very little. 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 Coronavirus/COVID Pandemic the monthly labor force participation went from 13,576 to 13,326 in November 2019. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 13,326 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 Corydon CCD shows it has an unemployment rate of 4.6% which is the third most of all other places in the area. The place with the highest unemployment rate in the area is Breckinridge Center CDP which shows a rate of 13.0% (approximately 2.8 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Corydon CCD depicts it has a participation rate of 62.9% which is the most of all places in the greater Corydon CCD 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). Corydon CCD has the largest proportion of employed at 58.3% of the total and is ranked #1. Second, it has the smallest proportion of not in labor force at 37.1% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Corydon CCD shows full time employees approximately 3.7 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 Corydon CCD area. Corydon CCD depicts it has a families with a single earner of 30.0% which is the third most families with a single earner of all other places in the greater Corydon CCD region. The place with the highest families with a single earner in the area is Breckinridge Center CDP which depicts a single earners rate of 35.7% (18.7% larger). The percentage of families with no one working is depicted in Figure 22. Corydon CCD depicts it has a families with no one working of 23.0% which is the third most families with no one working of all other places in the greater Corydon CCD region. The place with the highest families with no one working in the area is Uniontown which shows a families with no worker of 42.9% (about twice as large).

Corydon CCD Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Corydon CCD 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. Corydon CCD shows it has a total people earning less than the poverty level of 808 which is the third most total people earning less than the poverty level of all other places in the greater Corydon CCD region. The place with the highest total people earning less than the poverty level in the area is Henderson which shows a total people earning less than the poverty level of 6,229 ( 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. Corydon CCD shows it has a percent of people earning less than the poverty level of 11.5% 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 Breckinridge Center CDP which shows a percent of people in poverty of 69.3% ( quite a bit bigger).

In Figure 25 people who are in poverty are broken out by age group. Corydon CCD has one of the largest proportions of person in poverty under 12 years at 28% of the total and is ranked #2. The only larger place being Waverly with 37%. Second, it has the second smallest as measured by person in poverty under 12 years of all the other places in the surrounding region when ranked by person in poverty 55 to 64 years at 2% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Corydon CCD has the percentage of white poverty rate the second smallest in order of white poverty rate of all the other places in the greater region at 11% of the total. Second, it has less than most other places in the surrounding region as measured by black poverty rate at 2% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Corydon CCD has the percentage of unmarried with children and in poverty the second smallest when sorted by married with children and in poverty of all the other places in the local area at 21% of the total. Second, it has the second smallest when ranked by married with children and in poverty of all the other places in the greater region in order of unmarried female with children and in poverty at 24% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Corydon CCD has the smallest proportion of highschool graduate and in poverty at 7% of the total. Second, it has the second smallest when sorted by less than highschool in poverty of all the other places in the local area as measured by has some college and in poverty at 6% of the total. 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.) Corydon CCD indicates it has a households with public assistance of 13.1% which is less than most other places in the greater region. The place with the highest households with public assistance in the area is Breckinridge Center CDP which depicts a households with public assistance of 52.2% (approximately 4.0 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Corydon CCD shows it has a the gini index of 45.5% which is the second most the gini index of all the places in the greater Corydon CCD region.

Corydon CCD Kentucky Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Corydon CCD or elsewhere.) Corydon CCD has one of the largest proportions of people who drove alone at 89% of the total and is ranked #3. Only #2 Morganfield (89%), and #1 Waverly (93%) are larger.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Corydon CCD has the largest proportion of people who leave for work between 630 am to 7am at 16% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 11am to 12noon at 1% 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. Corydon CCD has the percentage of people with commute time of less than 5 minutesutes less than most other places in the local area at 3% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 8% of the total. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 11% of the total. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 16% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 40 to 44 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Corydon CCD depicts it has an average commute time of 24 which is the second most of all the places in the area. Figure 38 shows the difference between male versus female commuting time. Corydon CCD shows average commute time in minutes for men 18.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Corydon CCD has the percentage of no vehicle available the second smallest in terms of no vehicle available of all the other places in the local area at 0% of the total. Second, it has the second smallest in order of no vehicle available of all the other places in the surrounding region in order of 3 vehicles available at 17% of the total. Third, it has the largest proportion of 5 or more vehicles available at 9% 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.) Corydon CCD shows it has a people who both work and live in the same city of 44% which is the second most people who both work and live in the same city of all the places in the greater Corydon CCD region. The place with the highest people who both work and live in the same city in the area is Henderson which depicts a people who both work and live in the same city of 59% (34.1% larger). Comparing people who both work and live in the same city to the United States average of 42%, Corydon CCD is only about 4.7% larger. Also, compared with the state of Kentucky, people who both work and live in the same city of 52%, Corydon CCD is about 19.0% smaller.

Corydon CCD 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. Corydon CCD depicts it has the hightest median earnings of $101,471 for the management, business, and financial occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Corydon CCD shows it has the hightest median earnings of $43,837 for the management, business, and financial occupations grouping. The table in Figure 48, shows Corydon CCD employment data in terms of job categories and salary data.

Corydon CCD Kentucky 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. Corydon CCD shows it has the hightest entrepreneurs of 45% for the self employed in production, transportation, and material moving businesses group.

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. Corydon CCD depicts it has the hightest entrepreneurs of 33% for the self employed in transportation, warehousing, and utilities grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Corydon CCD shows it has an average annual self employment income of $24,610 which is less than most other places in the greater region. The place with the highest average annual self employment income in the area is Corydon which shows an average annual self employment income of $69,319 (approximately 2.8 times bigger). Comparing average annual self employment income to the United States average of $37,819, Corydon CCD is approximately three-fourths the size. Also, compared to the state of Kentucky, average annual self employment income of $30,549, Corydon CCD is about 24.1% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Corydon CCD shows total number of self-employed men about twice as large as the total number of self-employed women.