Fox Chase Kentucky Income Charts

This section shows the Fox Chase Kentucky economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Fox Chase shows it has a Median earnings of $51,607 which is at the top of all other places in the greater Fox Chase region. Comparing median earnings per worker to the United States average of $49,041, Fox Chase is only about 5.2% larger. Also, compared to the state of Kentucky, median earnings per worker of $43,234, Fox Chase is 19.4% 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 $83,281 which is the highest of all places in the greater Fox Chase region. Comparing median household income to the United States average of $62,843, Fox Chase is 32.5% larger. Also, versus the state of Kentucky, median household income of $50,589, Fox Chase is 64.6% larger.

The next section examines a variety of different income statistics for the Fox Chase metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $50,000 and $74,999 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 a Avg Hours Worked of 38.2 which is the smallest in terms of average hours of all the other places in the surrounding region. The city with the highest average hours in the area is Pioneer Village which shows an average hours of 41.3 (8.1% larger). 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 $25.98 which is ranked #1 of all places in the greater Fox Chase region. Comparing average hourly earnings to the United States average of $24.31, Fox Chase is 6.9% larger. Also, measured against the state of Kentucky, average hourly earnings of $21.32, Fox Chase is 21.9% larger.

Figure 7 examines the number of self employed people in the Fox Chase metro area based on the number of people who reported any self employment income. Fox Chase shows it has a Self Employed of 13.2% which is the second most people self employed of all the places in the greater Fox Chase region. The city with the highest percentage of people self employed in the area is Brooks CDP which depicts a percentage self employed of 15.0% (13.0% larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $91,250 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $105,781 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $55,833 of the total and is ranked #3. Only #2 Hunters Hollow ($56,250), and #1 Brooks CDP ($60,577) are larger.

Figure 9 breaks down the source of income and Fox Chase has the largest proportion of investment and retirement income at 14.4% 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 48.4% which is the most of all places in the greater Fox Chase region.

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 $86,125 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. Fox Chase shows it has the hightest cost of 102.8 for the cost of housing aggregate.

Fox Chase 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 10.9% to 4.3% in March 2020. This represents a decrease in the monthly unemployment rate of 60.6%. Since that time, the monthly unemployment rate has gone to 4.8% This represents an increase in the monthly unemployment rate of 11.6%. 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 indicates that from January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 376,898 to 399,256 in March 2020. This represents an increase in the monthly labor force participation of 5.9%. Since that time, the monthly labor force participation has gone to 388,908 This represents a decrease in the monthly labor force participation of 2.6%.

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 Fox Chase shows it has a Unemployment Rate of 2.7% which is the third most unemployment rate of all other places in the greater Fox Chase region. The city with the highest unemployment rate in the area is Brooks CDP which depicts a rate of 3.2% (17.0% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Fox Chase shows it has a Labor Force Participation of 58.2% which is the second smallest when ranked by participation rate of all the other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Fox Chase shows full time employees approximately 3.0 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 Fox Chase area. Fox Chase depicts it has a Single Earner Families of 18.4% which is the smallest when ranked by families with a single earner of all the other places in the metropolitan area. The city with the highest families with a single earner in the area is Brooks CDP which depicts a single earners rate of 39.7% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Fox Chase depicts it has a Families with No One Working of 34.8% which is is the uppermost of the places in the greater Fox Chase region.

Fox Chase Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Fox Chase 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. Fox Chase depicts it has a Total In Poverty of 6 which is the smallest in order of total people earning less than the poverty level of all the other places in the local area. The city with the highest total people earning less than the poverty level in the area is Shepherdsville which depicts a total people earning less than the poverty level of 1,794 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Fox Chase depicts it has a Percent of Population In Poverty of 1.0% which is the smallest when ranked by percent of people earning less than the poverty level of all the other places in the surrounding region. The city with the highest percent of people earning less than the poverty level in the area is Brooks CDP which shows a percent of people in poverty of 23.5% ( substantially bigger).

In Figure 25 people who are in poverty are broken out by age group. Fox Chase has the largest proportion of person in poverty 55 to 64 years at 67% 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. Fox Chase has the smallest proportion of highschool graduate and in poverty at 1% 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.) Fox Chase shows it has a Public Assistance Percent of 4.1% which is less than most other places in the metropolitan area. The city with the highest households with public assistance in the area is Brooks CDP which depicts a households with public assistance of 24.1% ( markedly bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Fox Chase shows it has a Gini Index of 32.7% which is the second smallest in terms of the gini index of all the other places in the local area.

Fox Chase 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 Fox Chase 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.) Fox Chase has the largest proportion of people who drive a car or motorcycle to work at 1% of the total and is ranked #1. Second, it has the largest proportion of people who bicycle or walk to work at 5% 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 Fox Chase or elsewhere.) Fox Chase has the largest proportion of people who take the bus at 1% of the total and is ranked #1. Second, it has the largest proportion of people who work from home at 5% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Fox Chase has the smallest proportion of people who leave for work between 530 am to 6am at 5% of the total. Second, it has the largest proportion of people who leave for work between 8am to 830am at 7% of the total and is ranked #1. Third, 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. Fox Chase has the percentage of people with commute time of less than 5 minutesutes less than most other places in the surrounding region at 5% of the total. Second, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the local area in order of people with commute time between 5 to 9 minutes at 11% of the total. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 25% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 45 to 59 minutes at 4% of the total and is ranked #1.

The average commute time is shown in Figure 37. Fox Chase depicts it has a Avg Commute Time of 24 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Fox Chase depicts average commute time in minutes for men about 13.5% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Fox Chase has the smallest proportion of no vehicle available at 2% of the total. Second, it has the second smallest as measured by no vehicle available of all the other places in the local area in order of 1 vehicle available at 31% of the total. Third, it has the largest proportion of 4 vehicles available at 23% 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.) Fox Chase depicts it has a Work in city or place where live of 7% which is the third most people who both work and live in the same city of all other places in the greater Fox Chase region. The city with the highest people who both work and live in the same city in the area is Shepherdsville which shows a people who both work and live in the same city of 30% (approximately 4.4 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Fox Chase is approximately a sixth the size. Also, in comparison with the state of Kentucky, people who both work and live in the same city of 52%, Fox Chase is approximately an eigth the size.

Fox Chase 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. Fox Chase shows it has the hightest median earnings of $61,000 for the management, business, and financial occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Fox Chase depicts it has the hightest median earnings of $103,750 for the management, business, and financial occupations classification. The table in Figure 48, shows Fox Chase employment data in terms of job categories and salary data.

Fox Chase 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. Fox Chase shows it has the hightest entrepreneurs of 43% for the self employed management, business, science, and arts businesses grouping.

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. Fox Chase shows it has the hightest entrepreneurs of 29% for the self employed in construction grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Fox Chase shows it has a Self Employment Income of $20,062 which is less than most other places in the local area. The city with the highest average annual self employment income in the area is Hebron Estates which depicts an average annual self employment income of $23,877 (19.0% larger). Comparing average annual self employment income to the United States average of $39,154, Fox Chase is approximately half the size. Also, compared with the state of Kentucky, average annual self employment income of $32,419, Fox Chase is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Fox Chase depicts total number of self-employed men approximately 2.4 times bigger as the total number of self-employed women.