Masonville CDP Kentucky Income Charts

This section shows the Masonville CDP Kentucky economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Masonville CDP shows it has a Median earnings of $48,925 which is the largest of all places in the greater Masonville CDP region. Comparing median earnings per worker to the United States average of $49,041, Masonville CDP is about the same size. Also, measured against the state of Kentucky, median earnings per worker of $43,234, Masonville CDP is 13.2% 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 $69,955 which is the highest of all places in the greater Masonville CDP region. Comparing median household income to the United States average of $62,843, Masonville CDP is 11.3% larger. Also, benchmarked against the state of Kentucky, median household income of $50,589, Masonville CDP is 38.3% larger.

The next section examines a variety of different income statistics for the Masonville CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings between $10,000 and $14,999 at 15.6% of the total and is ranked #3. Only #2 Calhoun (18.0%), and #1 Utica CDP (25.1%) are larger. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 28.4% of the total. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 34.8% 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 40.5 which is the third most of all other places in the greater region. The place with the highest average hours in the area is Utica CDP which depicts an average hours of 41.7 (only about 3.0% 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 $23.23 which is ranked #1 of all places in the surrounding region. Comparing average hourly earnings to the United States average of $24.31, Masonville CDP is only about 4.6% smaller. Also, measured against the state of Kentucky, average hourly earnings of $21.32, Masonville CDP is 9.0% larger.

Figure 7 examines the number of self employed people in the Masonville CDP metro area based on the number of people who reported any self employment income. Masonville CDP depicts it has a Self Employed of 8.9% which is the third most people self employed of all other places in the greater Masonville CDP region. The place with the highest percentage of people self employed in the area is Utica CDP which depicts a percentage self employed of 9.8% (9.7% 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 $69,866 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $88,125 of the total and is ranked #1. Third, it has the largest proportion of median income-45 to 64 years at $51,250 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 20.4% which is the second smallest in terms of 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 Whitesville which depicts a households with retirement income of 39.0% (about twice as large).

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 $73,250 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. Masonville CDP depicts it has the hightest cost of 120.0 for the cost of utilities grouping.

Masonville 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 depicts that from February 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 10.9% to 4.2% in February 2020. This represents a decrease in the monthly unemployment rate of 61.5%. Since that time, the monthly unemployment rate has gone to 7.0% This represents an increase in the monthly unemployment rate of 66.7%. 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 Wuhan Coronavirus Pandemic the monthly labor force participation went from 26,436 to 27,078 in February 2020. This represents an increase in the monthly labor force participation of 2.4%. Since that time, the monthly labor force participation has gone to 25,589 This represents a decrease in the monthly labor force participation of 5.5%.

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 Masonville CDP indicates it has a Unemployment Rate of 5.4% which is the second most of all the places in the greater region. The place with the highest unemployment rate in the area is Calhoun which shows a rate of 6.1% (13.1% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Masonville CDP shows it has a Labor Force Participation of 72.2% which is the second most participation rates of all the places in the greater Masonville CDP 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). Masonville CDP has the percentage of unemployed the second smallest when ranked by employed of all the other places in the local area at 27.8% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Masonville CDP shows full time employees approximately 4.4 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 Masonville CDP area. Masonville CDP shows it has a Single Earner Families of 15.8% which is the smallest in terms of families with a single earner of all the other places in the greater region. The place with the highest families with a single earner in the area is Whitesville which shows a single earners rate of 44.9% (approximately 2.8 times bigger). The percentage of families with no one working is depicted in Figure 22. Masonville CDP depicts it has a Families with No One Working of 13.0% which is the second smallest when ranked by families with no one working of all the other places in the greater region. The place with the highest families with no one working in the area is Livermore which shows a families with no worker of 49.8% (approximately 3.8 times bigger).

Masonville CDP Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Masonville 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. Masonville CDP shows it has a Total In Poverty of 219 which is the third most of all other places in the metro area. The place with the highest total people earning less than the poverty level in the area is Owensboro which shows a total people earning less than the poverty level of 12,473 ( markedly bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Masonville CDP depicts it has a Percent of Population In Poverty of 15.9% which is the second smallest in terms of 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 Livermore which shows a percent of people in poverty of 29.0% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Masonville CDP has the percentage of person in poverty 12 to 17 years the second smallest as measured by person in poverty under 12 years of all the other places in the local area at 15% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 30% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Masonville CDP has the percentage of married with children and in poverty the second smallest when sorted by married with children and in poverty of all the other places in the metropolitan area at 30% of the total. Second, it has the largest proportion of unmarried with children and in poverty 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.) Masonville CDP depicts it has a Public Assistance Percent of 10.0% which is less than most other places in the area. The place with the highest households with public assistance in the area is Utica CDP which shows a households with public assistance of 30.1% (approximately 3.0 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Masonville CDP depicts it has a Gini Index of 34.7% which is the smallest as measured by the gini index of all the other places in the metropolitan area.

Masonville CDP Kentucky Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Masonville CDP or elsewhere.) Masonville CDP has the smallest proportion of people who drove alone at 64% of the total. Second, it has the largest proportion of people who carpooled at 30% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Masonville CDP has the largest proportion of people who leave for work between 12am to 5am at 6% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 530 am to 6am at 8% of the total. Third, it has the largest proportion of people who leave for work between 6am to 630am at 19% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 830 am to 9am at 9% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 9am to 10am at 8% of the total and is ranked #1. 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 area when sorted by people who leave for work between 12noon to 4pm 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. Masonville CDP has one of the largest proportions of people with commute time between 5 to 9 minutes at 24% of the total and is ranked #2. The only larger place being Owensboro with 30%. Second, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 18% of the total and is ranked #3. Only #2 Owensboro (20%), and #1 Maceo CDP (30%) are larger. Third, it has one of the largest proportions of people with commute time between 15 to 19 minutes at 29% of the total and is ranked #2. The only larger place being Maceo CDP with 30%. Also, it has the largest proportion of people with commute time between 35 to 39 minutes at 13% of the total and is ranked #1.

The average commute time is shown in Figure 37. Masonville CDP depicts it has a Avg Commute Time of 19 which is the second smallest when sorted by average commute time of all the other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Masonville CDP depicts average commute time in minutes for men approximately 2.2 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Masonville CDP has the percentage of no vehicle available the second smallest as measured by no vehicle available of all the other places in the surrounding region at 3% of the total. Second, it has in the mid range of other places in the surrounding region when ranked by 1 vehicle available at 50% of the total. Third, it has one of the largest proportions of 2 vehicles available at 27% of the total and is ranked #2. The only larger place being Maceo CDP with 42%. Also, it has one of the largest proportions of 3 vehicles available at 10% of the total and is ranked #2. The only larger place being Whitesville with 11%. In addition, it has the largest proportion of 4 vehicles available at 11% 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.) Masonville CDP indicates it has a Work in city or place where live of 11% which is less than most other places in the greater region. The place with the highest people who both work and live in the same city in the area is Owensboro which shows a people who both work and live in the same city of 74% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 42%, Masonville CDP is approximately a quarter the size. Also, in contrast to the state of Kentucky, people who both work and live in the same city of 52%, Masonville CDP is approximately a fifth the size.

Masonville CDP 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. Masonville CDP shows it has the hightest median earnings of $74,792 for the earnings-sales and office occupations group. The table in Figure 48, shows Masonville CDP employment data in terms of job categories and salary data.

Masonville CDP 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. Masonville CDP depicts it has the hightest entrepreneurs of 100% for the self employed in natural resources, construction, and maintenance businesses group.

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. Masonville CDP depicts it has the hightest entrepreneurs of 100% for the self employed in agriculture, forestry, fishing and hunting, and mining group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Masonville CDP shows it has a Self Employment Income of $19,717 which is the third most average annual self employment income of all other places in the greater Masonville CDP region. The place with the highest average annual self employment income in the area is Owensboro which shows an average annual self employment income of $32,082 (62.7% larger). Comparing average annual self employment income to the United States average of $39,154, Masonville CDP is approximately half the size. Also, compared with the state of Kentucky, average annual self employment income of $32,419, Masonville CDP 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.) Masonville CDP depicts total number of self-employed men about the same size as the total number of self-employed women.