Hardyville CDP Kentucky Income Charts

This section shows the Hardyville 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, Hardyville CDP shows it has a Median earnings of $64,044 which is the highest of all places in the greater Hardyville CDP region. Comparing median earnings per worker to the United States average of $50,459, Hardyville CDP is 26.9% larger. Also, measured against the state of Kentucky, median earnings per worker of $44,129, Hardyville CDP is 45.1% larger.

The next section examines a variety of different income statistics for the Hardyville CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings between $15,000 and $19,999 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the local area at 24.2% of the total. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 58.1% 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 7.6% which is the smallest when sorted by households with retirement income of all the other places in the metro area. The place with the highest households with retirement income in the area is Magnolia CDP which shows a households with retirement income of 38.3% ( very much bigger).

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Hardyville CDP depicts it has the hightest cost of 99.7 for the cost of transportation aggregate.

Hardyville 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 shows that from January 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 10.1% to 4.6% in March 2020. This represents a decrease in the monthly unemployment rate of 54.5%. Since that time, the monthly unemployment rate has gone to 2.9% This represents a decrease in the monthly unemployment rate of 37.0%. 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 13,987 in March 2020. This represents an increase in the monthly labor force participation of 9.0%. Since that time, the monthly labor force participation has gone to 13,332 This represents a decrease in the monthly labor force participation of 4.7%. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Hardyville CDP depicts it has a Labor Force Participation of 56.9% which is the third most of all other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Hardyville CDP shows full time employees approximately 4.6 times bigger as the part time employees.

Hardyville CDP Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Hardyville 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. Hardyville CDP depicts it has a Total In Poverty of 43 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 place with the highest total people earning less than the poverty level in the area is Cave City which depicts a total people earning less than the poverty level of 1,087 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Hardyville CDP depicts it has a Percent of Population In Poverty of 23.9% which is the smallest when ranked by 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 Hiseville CDP which depicts a percent of people in poverty of 75.8% (approximately 3.2 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Hardyville CDP has the largest proportion of person in poverty 12 to 17 years at 81% of the total and is ranked #1. Second, it has one of the largest proportions of person in poverty 55 to 64 years at 19% of the total and is ranked #2. The only larger place being Bonnieville with 20%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Hardyville CDP has the largest proportion of people who are in poverty and unemployed at 55.8% 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.) Hardyville CDP shows it has a Public Assistance Percent of 8.7% which is the smallest as measured by households with public assistance of all the other places in the metro area. The place with the highest households with public assistance in the area is Hiseville CDP which depicts a households with public assistance of 51.9% ( markedly bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Hardyville CDP depicts it has a Gini Index of 54.6% which is the highest of all places in the greater Hardyville CDP region.

Hardyville CDP Kentucky Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Hardyville CDP or elsewhere.) Hardyville CDP has the percentage of people who drove alone the second smallest in order of people who drove alone of all the other places in the metro area at 76% of the total. Second, it has the largest proportion of people who carpooled at 24% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Hardyville CDP has the largest proportion of people who leave for work between 530 am to 6am at 27% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 31% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 9am to 10am at 18% 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. Hardyville CDP has the largest proportion of people with commute time between 40 to 44 minutes at 82% of the total and is ranked #1. Figure 40 shows the total number of vehicles available for transportation and Hardyville CDP has the largest proportion of 1 vehicle available at 52% of the total and is ranked #1.

Hardyville CDP Kentucky Jobs Charts

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