Crescent Springs Kentucky Income Charts

This section shows the Crescent Springs Kentucky economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Crescent Springs depicts it has a Median earnings of $69,239 which is the second most median earnings of all the places in the greater Crescent Springs region. The city with the highest median earnings per worker in the area is Villa Hills which depicts a median earnings of $70,524 ( only slightly larger). Comparing median earnings per worker to the United States average of $53,269, Crescent Springs is 30.0% larger. Also, measured against the state of Kentucky, median earnings per worker of $46,067, Crescent Springs is 50.3% larger.

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 $72,375 which is less than most other places in the greater region. The city with the highest median household income in the area is Villa Hills which depicts a median income of $99,886 (38.0% larger). Comparing median household income to the United States average of $69,021, Crescent Springs is only about 4.9% larger. Also, compared to the state of Kentucky, median household income of $55,454, Crescent Springs is 30.5% larger.

The next section examines a variety of different income statistics for the Crescent Springs metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 1.7% of the total. Second, it has one of the largest proportions of earnings between $15,000 and $19,999 at 35.0% of the total and is ranked #2. The only larger city being Bromley with 40.8%. Third, it has the smallest proportion of earnings between $50,000 and $74,999 at 5.5% of the total. Also, it has one of the largest proportions of earnings between $75,000 and $99,999 at 24.3% of the total and is ranked #2. The only larger city being Lakeside Park with 25.4%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 40.6 which is the second most average hours of all the places in the greater Crescent Springs region. The city with the highest average hours in the area is Lakeside Park which depicts an average hours of 40.9 ( about the same size). 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 $32.80 which is the second most average hourly earnings of all the places in the greater Crescent Springs region. The city with the highest average hourly earnings in the area is Villa Hills which depicts an average hourly earnings of $36.36 (10.9% larger). Comparing average hourly earnings to the United States average of $26.40, Crescent Springs is 24.2% larger. Also, measured against the state of Kentucky, average hourly earnings of $22.72, Crescent Springs is 44.4% larger.

Figure 7 examines the number of self employed people in the Crescent Springs metro area based on the number of people who reported any self employment income. Crescent Springs shows it has a Self Employed of 5.9% which is the smallest in terms of percentage of people self employed of all the other places in the metro area. The city with the highest percentage of people self employed in the area is Lakeside Park which depicts a percentage self employed of 13.4% (approximately 2.3 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the greater region at $74,750 of the total. Second, it has the largest proportion of median income-45 to 64 years at $75,577 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 With Retirement Income of 30.7% which is the third most of all other places in the metro area. The city with the highest households with retirement income in the area is Crestview Hills which shows a households with retirement income of 32.4% (only about 5.5% larger).

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 $132,901 of the total and is ranked #2. The only larger city being Lakeside Park with $133,814.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Crescent Springs depicts it has the hightest cost of 100.2 for the cost of utilities grouping.

Crescent Springs Kentucky Labor Force Charts

The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the Coronavirus Pandemic it went from 5.8% to 3.7% in December 2019. This represents a decrease in the monthly unemployment rate of 36.2%. 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. The monthly labor force participation depicts that from January 2017 to before the Coronavirus Pandemic it went from 18,531 to 19,136 in November 2019. This represents an increase in the monthly labor force participation of 3.3%. Since that time, the monthly labor force participation has gone to 19,136. 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 Crescent Springs shows it has a Unemployment Rate of 5.1% which is the largest of all places in the greater Crescent Springs region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Crescent Springs shows it has a Labor Force Participation of 65.2% which is the second smallest when ranked by participation rate of all the 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). Crescent Springs has the largest proportion of employed at 5.1% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Crescent Springs depicts full time employees very much 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 Crescent Springs area. Crescent Springs shows it has a Single Earner Families of 19.3% which is in the mid range of other places in the metro area. The city with the highest families with a single earner in the area is Lakeside Park which depicts a single earners rate of 31.3% (62.8% larger). The percentage of families with no one working is depicted in Figure 22. Crescent Springs depicts it has a Families with No One Working of 10.0% which is the second smallest in order of families with no one working of all the other places in the metro area. The city with the highest families with no one working in the area is Crestview Hills which depicts a families with no worker of 26.2% (approximately 2.6 times bigger).

Crescent Springs Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Crescent Springs 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. Crescent Springs shows it has a Total In Poverty of 19 which is the smallest when ranked by total people earning less than the poverty level of all the other places in the surrounding region. The city with the highest total people earning less than the poverty level in the area is Erlanger which depicts a total people earning less than the poverty level of 2,052 ( 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. Crescent Springs depicts it has a Percent of Population In Poverty of 0.4% which is the smallest when sorted by percent of people earning less than the poverty level of all the other places in the metropolitan area. The city with the highest percent of people earning less than the poverty level in the area is Bromley which shows a percent of people in poverty of 13.8% ( very much bigger).

In Figure 25 people who are in poverty are broken out by age group. Crescent Springs has the largest proportion of person in poverty 55 to 64 years 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.) Crescent Springs depicts it has a Public Assistance Percent of 1.7% which is the second smallest when ranked by households with public assistance of all the other places in the local area. The city with the highest households with public assistance in the area is Bromley which depicts a households with public assistance of 20.8% ( very much bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Crescent Springs depicts it has a Gini Index of 53.6% which is is the uppermost of the places in the area.

Crescent Springs Kentucky Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Crescent Springs has one of the largest proportions of people who leave for work between 12am to 5am at 4% of the total and is ranked #2. The only larger city being Bromley with 4%. Second, it has the largest proportion of people who leave for work between 5am to 530am at 13% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 6am to 630am at 2% of the total. Also, it has the largest proportion of people who leave for work between 630 am to 7am at 24% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 830 am to 9am at 10% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who leave for work between 9am to 10am at 1% of the total. Next it has the smallest proportion of people who leave for work between 11am to 12noon at 1% of the total. Additionally, it has the smallest proportion of people who leave for work between 12noon to 4pm at 5% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Crescent Springs has the percentage of people with commute time of less than 5 minutesutes in the middle range of other places in the area at 10% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 7% of the total. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 27% of the total and is ranked #2. The only larger city being Lakeside Park with 33%. Also, it has the largest proportion of people with commute time between 40 to 44 minutes at 17% of the total and is ranked #1.

The average commute time is shown in Figure 37. Crescent Springs shows it has a Avg Commute Time of 24 which is the third most average commute time of all other places in the greater Crescent Springs region. Figure 38 shows the difference between male versus female commuting time. Crescent Springs depicts average commute time in minutes for men approximately 2.5 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Crescent Springs has the largest proportion of no vehicle available at 31% of the total and is ranked #1. Second, it has in the mid range of other places in the surrounding region when sorted by 1 vehicle available at 48% of the total. Third, it has the smallest proportion of 2 vehicles available at 11% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Crescent Springs shows it has a Work in city or place where live of 12% which is less than most other places in the metro area. The city with the highest people who both work and live in the same city in the area is Crestview Hills which depicts a people who both work and live in the same city of 23% (about twice as large). Comparing people who both work and live in the same city to the United States average of 44%, Crescent Springs is approximately a third the size. Also, compared with the state of Kentucky, people who both work and live in the same city of 53%, Crescent Springs is approximately a quarter the size.

Crescent Springs 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. Crescent Springs depicts it has the hightest median earnings of $226,959 for the management, business, and financial occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Crescent Springs shows it has the hightest median earnings of $183,183 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Crescent Springs employment data in terms of job categories and salary data.

Crescent Springs 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. Crescent Springs shows it has the hightest entrepreneurs of 70% for the self employed management, business, science, and arts businesses aggregate.

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. Crescent Springs depicts it has the hightest entrepreneurs of 70% for the self employed in professional, scientific, management, administrative services category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Crescent Springs depicts it has a Self Employment Income of $63,843 which is the second most average annual self employment income of all the places in the greater Crescent Springs region. The city with the highest average annual self employment income in the area is Crestview Hills which shows an average annual self employment income of $66,081 (only about 3.5% larger). Comparing average annual self employment income to the United States average of $42,141, Crescent Springs is 51.5% larger. Also, compared with the state of Kentucky, average annual self employment income of $34,912, Crescent Springs is about twice as large.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Crescent Springs shows total number of self-employed men considerably bigger as the total number of self-employed women.