Cowcreek CCD Kentucky Income Charts

This section shows the Cowcreek 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, Cowcreek CCD shows it has a median earnings per worker of $35,938 which is the third most median earnings of all other places in the greater Cowcreek CCD region. The place with the highest median earnings per worker in the area is Beattyville which shows a median earnings of $41,964 (16.8% larger). Comparing median earnings per worker to the United States average of $47,712, Cowcreek CCD is approximately three-fourths the size. Also, in comparison with the state of Kentucky, median earnings per worker of $41,808, Cowcreek CCD is about 16.3% 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 $22,813 which is less than most other places in the metro area. The place with the highest median household income in the area is Booneville which shows a median income of $49,250 (about twice as large). Comparing median household income to the United States average of $60,293, Cowcreek CCD is approximately a third the size. Also, versus the state of Kentucky, median household income of $48,392, Cowcreek CCD is approximately half the size.

The next section examines a variety of different income statistics for the Cowcreek CCD metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 37.7% of the total and is ranked #2. The only larger place being Oneida CDP with 54.4%. Second, it has the second smallest when sorted by median earnings of less than $10,000 of all the other places in the local area in order of earnings between $20,000 and $49,999 at 27.6% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 31.6 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 Booneville which depicts an average hours of 43.4 (37.3% 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 $21.87 which is the largest of all places in the greater Cowcreek CCD region. Comparing average hourly earnings to the United States average of $23.71, Cowcreek CCD is about 8.4% smaller. Also, benchmarked against the state of Kentucky, average hourly earnings of $20.67, Cowcreek CCD is only about 5.8% larger.

Figure 7 examines the number of self employed people in the Cowcreek CCD metro area based on the number of people who reported any self employment income. Cowcreek CCD shows it has a percentage of people self employed of 3.7% which is less than most other places in the metropolitan area. The place with the highest percentage of people self employed in the area is Booneville which indicates a percentage self employed of 22.2% ( substantially bigger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-65 years and over at $41,750 of the total and is ranked #1.

Figure 9 breaks down the source of income and Cowcreek CCD has the percentage of income from wages the second smallest when sorted by income from wages of all the other places in the local area at 53.8% of the total. Second, it has the largest proportion of investment and retirement income at 26.7% 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 21.6% which is the second most households with retirement income of all the places in the greater Cowcreek CCD region. The place with the highest households with retirement income in the area is Booneville which depicts a households with retirement income of 40.7% (about twice as large).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income the second smallest when sorted by overall family income of all the other places in the local area at $34,583 of the total. Second, it has the second smallest when sorted by overall family income of all the other places in the surrounding region when ranked by white family income at $35,357 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Cowcreek CCD shows it has the hightest cost of 104.1 for the cost of grocery items aggregate.

Cowcreek 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 Pandemic the monthly unemployment rate went from 8.5% to 3.7% in December 2019. This represents a decrease in the monthly unemployment rate of 56.5%. Since that time, the monthly unemployment rate has gone to 3.7% 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 16,032 to 19,126 in November 2019. This represents an increase in the monthly labor force participation of 19.3%. Since that time, the monthly labor force participation has gone to 19,126 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 Cowcreek CCD shows it has an unemployment rate of 5.3% which is in the mid point range of other places in the metro area. The place with the highest unemployment rate in the area is Oneida CDP which depicts a rate of 10.8% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Cowcreek CCD depicts it has a participation rate of 40.2% which is less than most other places in the greater 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). Cowcreek CCD has one of the largest proportions of not in labor force at 59.8% of the total and is ranked #3. Only #2 Buckhorn (69.1%), and #1 Beattyville (69.6%) are larger.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Cowcreek CCD depicts full time employees 76.6% larger 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 Cowcreek CCD area. Cowcreek CCD depicts it has a families with a single earner of 31.2% which is the third most families with a single earner of all other places in the greater Cowcreek CCD region. The place with the highest families with a single earner in the area is Buckhorn which shows a single earners rate of 42.9% (37.1% larger). The percentage of families with no one working is depicted in Figure 22. Cowcreek CCD depicts it has a families with no one working of 32.8% which is the second most families with no one working of all the places in the greater Cowcreek CCD region. The place with the highest families with no one working in the area is Manchester which depicts a families with no worker of 40.9% (24.6% larger).

Cowcreek CCD Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Cowcreek 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. Cowcreek CCD depicts it has a total people earning less than the poverty level of 331 which is in the mid range of other places in the metro area. The place with the highest total people earning less than the poverty level in the area is Jackson which depicts a total people earning less than the poverty level of 654 (about twice as large).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Cowcreek CCD shows it has a percent of people earning less than the poverty level of 49.4% which is the third most of all other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is Oneida CDP which depicts a percent of people in poverty of 60.8% (23.1% larger).

In Figure 25 people who are in poverty are broken out by age group. Cowcreek CCD has the smallest proportion of person in poverty under 12 years at 8% of the total. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 30% of the total and is ranked #2. The only larger place being Manchester with 33%. Third, it has the largest proportion of person in poverty 55 to 64 years at 15% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Cowcreek CCD has one of the largest proportions of white poverty rate at 50% of the total and is ranked #3. Only #2 Beattyville (50%), and #1 Oneida CDP (61%) are larger. Second, it has the largest proportion of hispanicp poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Cowcreek CCD has the percentage of married with children and in poverty less than most other places in the metro area at 27% of the total. Second, it has in the center range of other places in the surrounding region in order of unmarried with children and in poverty at 59% of the total. Third, it has in the mid range of other places in the local area when ranked by unmarried female with children and in poverty at 79% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Cowcreek CCD has one of the largest proportions of less than highschool in poverty at 82% of the total and is ranked #2. The only larger place being Booneville with 100%. Second, it has one of the largest proportions of highschool graduate and in poverty at 54% of the total and is ranked #2. The only larger place being Oneida CDP with 54%. Third, it has the smallest proportion of has some college and in poverty at 9% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Cowcreek CCD has the largest proportion of people who are in poverty and not in labor force at 28.7% 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.) Cowcreek CCD shows it has a households with public assistance of 41.1% which is the third most households with public assistance of all other places in the greater Cowcreek CCD region. The place with the highest households with public assistance in the area is Beattyville which depicts a households with public assistance of 52.7% (28.2% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Cowcreek CCD depicts it has a the gini index of 49.4% which is in the mid range of other places in the greater region.

Cowcreek CCD 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 Cowcreek CCD 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.) Cowcreek CCD has the largest proportion of people who drive a car or motorcycle to work at 100% 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 Cowcreek CCD or elsewhere.) Cowcreek CCD has the largest proportion of people who carpooled at 16% of the total and is ranked #1. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 6% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Cowcreek CCD has one of the largest proportions of people who leave for work between 12am to 5am at 5% of the total and is ranked #3. Only #2 Manchester (6%), and #1 Jackson (7%) are larger. Second, it has the smallest proportion of people who leave for work between 7am to 730am at 10% of the total. Third, it has the largest proportion of people who leave for work between 830 am to 9am at 8% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 10am to 11am at 10% of the total and is ranked #1. In addition, it has less than most other places in the local area in order of people who leave for work between 12noon to 4pm at 4% of the total. Furthermore, it has the second smallest when sorted by people who leave for work between 12am to 5am of all the other places in the local area when ranked by people who leave for work between 4pm to midnight at 6% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Cowcreek CCD has the smallest proportion of people with commute time between 5 to 9 minutes at 4% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 22% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 23% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 20 to 24 minutes at 7% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 25 to 29 minutes at 9% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 45 to 59 minutes at 13% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 60 to 89 minutes at 16% of the total and is ranked #1.

The average commute time is shown in Figure 37. Cowcreek CCD depicts it has an average commute time of 27 which is the second most average commute time of all the places in the greater Cowcreek CCD region. Figure 38 shows the difference between male versus female commuting time. Cowcreek CCD depicts average commute time in minutes for men 21.7% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Cowcreek CCD has one of the largest proportions of no vehicle available at 4% of the total and is ranked #2. The only larger place being Manchester with 10%. Second, it has less than most other places in the metropolitan area when sorted by 1 vehicle available at 19% of the total. Third, it has the smallest proportion of 2 vehicles available at 30% of the total. Also, it has the largest proportion of 3 vehicles available at 44% of the total and is ranked #1.

Cowcreek CCD Kentucky Jobs Charts

Similarly, Figure 47 shows the median earnings of women for the job categories and Cowcreek CCD depicts it has the hightest median earnings of $21,563 for the earnings-education, legal, community service, arts, media occupations aggregate. The table in Figure 48, shows Cowcreek CCD employment data in terms of job categories and salary data.