Morganfield CCD Kentucky Income Charts

This section shows the Morganfield CCD Kentucky economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Morganfield CCD depicts it has a median earnings per worker of $32,068 which is the third most median earnings of all other places in the greater Morganfield CCD region. The place with the highest median earnings per worker in the area is Waverly which shows a median earnings of $42,500 (32.5% larger). Comparing median earnings per worker to the United States average of $47,712, Morganfield CCD is approximately three-fourths the size. Also, versus the state of Kentucky, median earnings per worker of $41,808, Morganfield CCD is approximately three-fourths the size.

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 $41,691 which is the second most median income of all the places in the greater Morganfield CCD region. The place with the highest median household income in the area is Waverly which depicts a median income of $47,778 (14.6% larger). Comparing median household income to the United States average of $60,293, Morganfield CCD is approximately three-fourths the size. Also, versus the state of Kentucky, median household income of $48,392, Morganfield CCD is about 16.1% smaller.

The next section examines a variety of different income statistics for the Morganfield CCD metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 20.3% of the total and is ranked #2. The only larger place being Breckinridge Center CDP with 41.2%. Second, it has less than most other places in the metro area as measured by earnings between $15,000 and $19,999 at 7.8% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 40.2 which is less than most other places in the local area. The place with the highest average hours in the area is Old Shawneetown which depicts an average hours of 44.8 (11.4% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $15.34 which is in the mid range of other places in the local area. The place with the highest average hourly earnings in the area is Waverly which shows an average hourly earnings of $19.89 (29.6% larger). Comparing average hourly earnings to the United States average of $23.71, Morganfield CCD is approximately three-fourths the size. Also, measured against the state of Kentucky, average hourly earnings of $20.67, Morganfield CCD is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Morganfield CCD metro area based on the number of people who reported any self employment income. Morganfield CCD depicts it has a percentage of people self employed of 9.2% which is the largest of all places in the greater Morganfield CCD region.

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 $45,625 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $36,555 of the total and is ranked #3. Only #2 Waverly ($49,464), and #1 Sturgis ($66,964) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $47,132 of the total and is ranked #2. The only larger place being Waverly with $82,083. Also, it has one of the largest proportions of median income-65 years and over at $31,906 of the total and is ranked #3. Only #2 Uniontown ($32,656), and #1 Breckinridge Center CDP ($61,354) are larger.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a households with retirement income of 17.9% which is the second most of all the places in the area. The place with the highest households with retirement income in the area is Sturgis which shows a households with retirement income of 26.9% (50.3% 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 $50,521 of the total and is ranked #3. Only #2 Sturgis ($55,417), and #1 Waverly ($68,125) are larger. Second, it has one of the largest proportions of white family income at $57,137 of the total and is ranked #2. The only larger place being Waverly with $75,500. Third, it has one of the largest proportions of black family income at $33,333 of the total and is ranked #2. The only larger place being Morganfield with $45,638. Also, it has the largest proportion of hispanic family income at $56,563 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. Morganfield CCD depicts it has the hightest cost of 120.0 for the cost of utilities category.

Morganfield CCD 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 February 2010 to before the Wuhan Coronavirus Pandemic the monthly unemployment rate went from 12.0% to 3.9% in December 2019. This represents a decrease in the monthly unemployment rate of 67.5%. Since that time, the monthly unemployment rate has gone to 3.9% 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. It shows that from January 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 13,576 to 13,326 in November 2019. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 13,326 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 Morganfield CCD depicts it has an unemployment rate of 5.4% which is the third most of all other places in the local area. The place with the highest unemployment rate in the area is Breckinridge Center CDP which depicts a rate of 13.0% (approximately 2.4 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Morganfield CCD depicts it has a participation rate of 56.5% which is the second most participation rates of all the places in the greater Morganfield CCD 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). Morganfield CCD has the percentage of not in labor force the second smallest when ranked by employed of all the other places in the local area at 43.5% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Morganfield CCD shows full time employees substantially 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 Morganfield CCD area. Morganfield CCD shows it has a families with a single earner of 27.8% which is in the middle range of other places in the metro area. The place with the highest families with a single earner in the area is Breckinridge Center CDP which shows a single earners rate of 35.7% (28.3% larger). The percentage of families with no one working is depicted in Figure 22. Morganfield CCD indicates it has a families with no one working of 17.3% which is in the mid range of other places in the greater region. The place with the highest families with no one working in the area is Uniontown which shows a families with no worker of 42.9% (approximately 2.5 times bigger).

Morganfield CCD Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Morganfield CCD 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. Morganfield CCD shows it has a total people earning less than the poverty level of 2,236 which is the most of all places in the metro area.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Morganfield CCD depicts it has a percent of people earning less than the poverty level of 26.5% which is the third most of all other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Old Shawneetown which depicts a percent of people in poverty of 74.0% (approximately 2.8 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Morganfield CCD has one of the largest proportions of person in poverty 18 to 34 years at 65% of the total and is ranked #2. The only larger place being Breckinridge Center CDP with 80%. Second, it has less than most other places in the metro area when sorted by person in poverty 35 to 54 years at 10% of the total. Third, it has the second smallest when ranked by person in poverty under 12 years of all the other places in the surrounding region in order of person in poverty 65+ years at 3% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Morganfield CCD has the percentage of white poverty rate less than most other places in the metro area at 20% of the total. Second, it has one of the largest proportions of black poverty rate at 53% of the total and is ranked #3. Only #2 Sturgis (57%), and #1 Breckinridge Center CDP (86%) are larger. Third, it has the largest proportion of asian poverty rate at 100% of the total and is ranked #1. Also, it has one of the largest proportions of hispanicp poverty rate at 57% of the total and is ranked #2. The only larger place being Breckinridge Center CDP with 100%.

Figure 27 shows key poverty statistics for groups based on marriage status. Morganfield CCD has the percentage of unmarried with children and in poverty in the center range of other places in the greater region at 32% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Morganfield CCD has the percentage of less than highschool in poverty less than most other places in the local area at 22% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 11% of the total. Third, it has the second smallest when ranked by less than highschool in poverty of all the other places in the area in terms of has some college and in poverty at 19% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Morganfield CCD has one of the largest proportions of people who are in poverty and not in labor force at 27.7% of the total and is ranked #2. The only larger place being Breckinridge Center CDP with 35.3%. 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.) Morganfield CCD shows it has a households with public assistance of 11.9% which is the second smallest in order of households with public assistance of all the other places in the local area. The place with the highest households with public assistance in the area is Old Shawneetown which shows a households with public assistance of 77.6% ( substantially bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Morganfield CCD shows it has a the gini index of 42.5% which is less than most other places in the metro area.

Morganfield CCD Kentucky Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Morganfield CCD or elsewhere.) Morganfield CCD has the percentage of people who drove alone in the mid point range of other places in the greater region at 83% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Morganfield CCD has the percentage of people who leave for work between 12am to 5am the second smallest in order of people who leave for work between 12am to 5am of all the other places in the metropolitan area at 7% of the total. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 15% 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. Morganfield CCD has one of the largest proportions of people with commute time of less than 5 minutesutes at 10% of the total and is ranked #3. Only #2 Uniontown (13%), and #1 Morganfield (15%) are larger. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 23% of the total and is ranked #3. Only #2 Morganfield (27%), and #1 Breckinridge Center CDP (32%) are larger.

The average commute time is shown in Figure 37. Morganfield CCD depicts it has an average commute time of 20 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Morganfield CCD depicts average commute time in minutes for men 57.0% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Morganfield CCD has the percentage of 2 vehicles available the second smallest as measured by no vehicle available of all the other places in the greater region at 36% of the total. Second, it has one of the largest proportions of 3 vehicles available at 22% of the total and is ranked #3. Only #2 Waverly (26%), and #1 Morganfield (27%) are larger. Third, it has the largest proportion of 5 or more vehicles available at 5% 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.) Morganfield CCD shows it has a people who both work and live in the same city of 30% which is the second most people who both work and live in the same city of all the places in the greater Morganfield CCD region. The place with the highest people who both work and live in the same city in the area is Morganfield which depicts a people who both work and live in the same city of 40% (34.3% larger). Comparing people who both work and live in the same city to the United States average of 42%, Morganfield CCD is approximately three-fourths the size. Also, benchmarked against the state of Kentucky, people who both work and live in the same city of 52%, Morganfield CCD is approximately half the size.

Morganfield CCD 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. Morganfield CCD depicts it has the hightest median earnings of $41,505 for the earnings-natural resources, construction, maintenance occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Morganfield CCD depicts it has the hightest median earnings of $52,727 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Morganfield CCD employment data in terms of job categories and salary data.

Morganfield CCD 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. Morganfield CCD shows it has the hightest entrepreneurs of 76% 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. Morganfield CCD depicts it has the hightest entrepreneurs of 41% for the self employed in educational services, health care and social assistance category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Morganfield CCD shows it has an average annual self employment income of $24,813 which is in the middle range of other places in the metro area. The place with the highest average annual self employment income in the area is Sturgis which depicts an average annual self employment income of $35,567 (43.3% larger). Comparing average annual self employment income to the United States average of $37,819, Morganfield CCD is approximately three-fourths the size. Also, benchmarked against the state of Kentucky, average annual self employment income of $30,549, Morganfield CCD is about 23.1% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Morganfield CCD depicts total number of self-employed men about twice as large as the total number of self-employed women.