Heritage Creek Kentucky Income Charts

This section shows the Heritage Creek Kentucky economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Heritage Creek depicts it has a Median earnings of $42,222 which is the second smallest when ranked by median earnings per worker of all the other places in the greater region. The city with the highest median earnings per worker in the area is Hollow Creek which depicts a median earnings of $61,974 (46.8% larger). Comparing median earnings per worker to the United States average of $49,041, Heritage Creek is about 16.2% smaller. Also, benchmarked against the state of Kentucky, median earnings per worker of $43,234, Heritage Creek is only about 2.4% 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 $57,222 which is the smallest as measured by median household income of all the other places in the greater region. The city with the highest median household income in the area is Hollow Creek which shows a median income of $93,214 (62.9% larger). Comparing median household income to the United States average of $62,843, Heritage Creek is about 9.8% smaller. Also, compared with the state of Kentucky, median household income of $50,589, Heritage Creek is 13.1% larger.

The next section examines a variety of different income statistics for the Heritage Creek metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $15,000 and $19,999 at 45.2% of the total and is ranked #1. Second, it has the smallest proportion of earnings between $75,000 and $99,999 at 2.5% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 41.3 which is the largest of all places in the greater Heritage Creek region. 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 $19.66 which is the second smallest in terms of average hourly earnings of all the other places in the local area. The city with the highest average hourly earnings in the area is Hollow Creek which shows an average hourly earnings of $31.20 (58.7% larger). Comparing average hourly earnings to the United States average of $24.31, Heritage Creek is about 23.6% smaller. Also, in comparison with the state of Kentucky, average hourly earnings of $21.32, Heritage Creek is about 8.4% smaller.

Figure 7 examines the number of self employed people in the Heritage Creek metro area based on the number of people who reported any self employment income. Heritage Creek depicts it has a Self Employed of 5.4% which is in the middle range of other places in the area. The city with the highest percentage of people self employed in the area is Hollow Creek which depicts a percentage self employed of 13.3% (approximately 2.4 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest when sorted by median income for those under 25 years of age of all the other places in the local area at $76,375 of the total. Second, it has the smallest proportion of median income-25 to 44 years at $59,250 of the total. Third, it has the smallest proportion of median income-45 to 64 years at $35,938 of the total.

Figure 9 breaks down the source of income and Heritage Creek has the largest proportion of investment and retirement income at 13.6% of the total and is ranked #1. Second, it has the largest proportion of social security at 1.4% 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 27.4% which is less than most other places in the local area. The city with the highest households with retirement income in the area is Hollow Creek which shows a households with retirement income of 41.1% (50.3% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $63,690 of the total. Second, it has one of the largest proportions of white family income at $77,000 of the total and is ranked #2. The only larger city being Hollow Creek with $95,208.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Heritage Creek depicts it has the hightest cost of 99.1 for the cost of utilities aggregate.

Heritage Creek 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 February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 11.8% to 3.7% in February 2020. This represents a decrease in the monthly unemployment rate of 68.6%. Since that time, the monthly unemployment rate has gone to 7.4% This represents an increase in the monthly unemployment rate of 100.0%. 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 shows that from February 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 377,011 to 403,530 in February 2020. This represents an increase in the monthly labor force participation of 7.0%. Since that time, the monthly labor force participation has gone to 385,369 This represents a decrease in the monthly labor force participation of 4.5%.

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 Heritage Creek shows it has a Unemployment Rate of 2.3% which is the second smallest when sorted by unemployment rate of all the other places in the area. The city with the highest unemployment rate in the area is Pioneer Village which depicts a rate of 2.8% (23.2% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Heritage Creek depicts it has a Labor Force Participation of 58.4% which is the smallest when ranked by participation rate of all the other places in the metro area.

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). Heritage Creek has the largest proportion of unemployed at 41.6% 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. Heritage Creek depicts full time employees approximately 4.2 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 Heritage Creek area. Heritage Creek depicts it has a Single Earner Families of 24.0% which is in the middle range of other places in the area. The city with the highest families with a single earner in the area is Hunters Hollow which shows a single earners rate of 37.3% (55.1% larger). The percentage of families with no one working is depicted in Figure 22. Heritage Creek indicates it has a Families with No One Working of 24.0% which is the third most of all other places in the local area. The city with the highest families with no one working in the area is Pioneer Village which depicts a families with no worker of 27.1% (12.8% larger).

Heritage Creek Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Heritage Creek 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. Heritage Creek depicts it has a Total In Poverty of 67 which is the third most total people earning less than the poverty level of all other places in the greater Heritage Creek region. The city with the highest total people earning less than the poverty level in the area is Mount Washington which depicts a total people earning less than the poverty level of 954 ( 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. Heritage Creek shows it has a Percent of Population In Poverty of 6.7% which is the second most percent of people earning less than the poverty level of all the places in the greater Heritage Creek region. The city with the highest percent of people earning less than the poverty level in the area is Hunters Hollow which depicts a percent of people in poverty of 10.6% (57.7% larger).

In Figure 25 people who are in poverty are broken out by age group. Heritage Creek has the percentage of person in poverty 18 to 34 years in the middle range of other places in the greater region at 36% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 22% 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. Heritage Creek has the largest proportion of less than highschool in poverty at 12% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Heritage Creek has one of the largest proportions of people who are in poverty and unemployed at 23.9% of the total and is ranked #2. The only larger city being Spring Mill with 33.3%. 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.) Heritage Creek shows it has a Public Assistance Percent of 3.8% which is in the mid range of other places in the metro area. The city with the highest households with public assistance in the area is Hunters Hollow which shows a households with public assistance of 8.0% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Heritage Creek depicts it has a Gini Index of 36.0% which is the third most the gini index of all other places in the greater Heritage Creek region.

Heritage Creek Kentucky Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Heritage Creek or elsewhere.) Heritage Creek has the smallest proportion of people who drove alone at 81% of the total. Second, it has the largest proportion of people who carpooled at 8% of the total and is ranked #1. Third, it has the largest proportion of people who took a taxicab, motorcycle or other 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. Heritage Creek has one of the largest proportions of people who leave for work between 12am to 5am at 6% of the total and is ranked #2. The only larger city being Mount Washington with 7%. Second, it has the smallest proportion of people who leave for work between 5am to 530am at 3% of the total. Third, it has the largest proportion of people who leave for work between 530 am to 6am at 14% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 7am to 730am at 9% of the total. In addition, it has the smallest proportion of people who leave for work between 8am to 830am at 1% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Heritage Creek has the percentage of people with commute time of less than 5 minutesutes the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the local area at 1% of the total. Second, it has less than most other places in the surrounding region when sorted by 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 40 to 44 minutes at 3% of the total. Also, it has the largest proportion of people with commute time between 45 to 59 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Heritage Creek shows it has a Avg Commute Time of 28 which is the third most average commute time of all other places in the greater Heritage Creek region. Figure 38 shows the difference between male versus female commuting time. Heritage Creek shows average commute time in minutes for men only about 3.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Heritage Creek has one of the largest proportions of 1 vehicle available at 50% of the total and is ranked #2. The only larger city being Hunters Hollow with 66%. Second, it has the second smallest when sorted by no vehicle available of all the other places in the local area as measured by 3 vehicles available at 6% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Heritage Creek depicts it has a Work in city or place where live of 7% which is in the intermediate range of other places in the local area. The city with the highest people who both work and live in the same city in the area is Mount Washington which shows a people who both work and live in the same city of 15% (about twice as large). Comparing people who both work and live in the same city to the United States average of 42%, Heritage Creek is approximately a sixth the size. Also, compared to the state of Kentucky, people who both work and live in the same city of 52%, Heritage Creek is approximately an eigth the size.

Heritage Creek 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. Heritage Creek depicts it has the hightest median earnings of $62,778 for the earnings-natural resources, construction, maintenance occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Heritage Creek shows it has the hightest median earnings of $43,750 for the management, business, and financial occupations group. The table in Figure 48, shows Heritage Creek employment data in terms of job categories and salary data.

Heritage Creek 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. Heritage Creek depicts it has the hightest entrepreneurs of 56% for the self employed in natural resources, construction, and maintenance businesses category.

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. Heritage Creek depicts it has the hightest entrepreneurs of 56% for the self employed in construction aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Heritage Creek depicts it has a Self Employment Income of $39,412 which is in the middle range of other places in the surrounding region. The city with the highest average annual self employment income in the area is Spring Mill which shows an average annual self employment income of $90,100 (approximately 2.3 times bigger). Comparing average annual self employment income to the United States average of $39,154, Heritage Creek is about the same size. Also, versus the state of Kentucky, average annual self employment income of $32,419, Heritage Creek is 21.6% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Heritage Creek shows total number of self-employed men very much bigger as the total number of self-employed women.