Patesville CCD Kentucky Income Charts

This section shows the Patesville 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, Patesville CCD shows it has a median earnings per worker of $46,705 which is the highest of all places in the greater Patesville CCD region. Comparing median earnings per worker to the United States average of $47,712, Patesville CCD is only about 2.2% smaller. Also, in comparison with the state of Kentucky, median earnings per worker of $41,808, Patesville CCD is 11.7% 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 $46,500 which is the highest of all places in the greater Patesville CCD region. Comparing median household income to the United States average of $60,293, Patesville CCD is approximately three-fourths the size. Also, measured against the state of Kentucky, median household income of $48,392, Patesville CCD is only about 4.1% smaller.

The next section examines a variety of different income statistics for the Patesville CCD metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 25.7% of the total and is ranked #2. The only larger place being Cannelton with 26.3%. Second, it has the smallest proportion of earnings between $20,000 and $49,999 at 31.1% of the total. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 21.5% 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 an average hours of 38.7 which is less than most other places in the metro area. The place with the highest average hours in the area is Cloverport which shows an average hours of 41.0 (only about 5.9% 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 $23.21 which is the largest of all places in the metro area. Comparing average hourly earnings to the United States average of $23.71, Patesville CCD is only about 2.2% smaller. Also, compared with the state of Kentucky, average hourly earnings of $20.67, Patesville CCD is 12.3% larger.

Figure 7 examines the number of self employed people in the Patesville CCD metro area based on the number of people who reported any self employment income. Patesville CCD shows it has a percentage of people self employed of 10.6% which is the third most people self employed of all other places in the greater Patesville CCD region. The place with the highest percentage of people self employed in the area is Cloverport which shows a percentage self employed of 12.9% (21.4% larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-25 to 44 years at $56,125 of the total and is ranked #1. Second, it has one of the largest proportions of median income-45 to 64 years at $48,750 of the total and is ranked #2. The only larger place being Hawesville with $60,375. Third, it has the largest proportion of median income-65 years and over at $36,146 of the total and is ranked #1.

Figure 9 breaks down the source of income and Patesville CCD has the largest proportion of self employment income at 7.3% of the total and is ranked #1. Second, it has the largest proportion of social security at 16.1% 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 households with retirement income of 27.4% which is the second most households with retirement income of all the places in the greater Patesville CCD region. The place with the highest households with retirement income in the area is Whitesville which depicts a households with retirement income of 34.8% (27.2% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income in the mid range of other places in the area at $49,535 of the total. Second, it has in the middle range of other places in the surrounding region when sorted by white family income at $49,767 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Patesville CCD depicts it has the hightest cost of 120.0 for the cost of utilities grouping.

Patesville 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 disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 10.9% to 3.7% in December 2019. This represents a decrease in the monthly unemployment rate of 66.1%. Since that time, the monthly unemployment rate has gone to 3.7% 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 depicts that from January 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 26,487 to 26,854 in November 2019. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 26,854 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 Patesville CCD shows it has an unemployment rate of 2.5% which is the second smallest when sorted by unemployment rate of all the other places in the greater region. The place with the highest unemployment rate in the area is Fordsville which depicts a rate of 5.0% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Patesville CCD depicts it has a participation rate of 54.4% which is the third most participation rates of all other places in the greater Patesville CCD region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Patesville CCD depicts full time employees approximately 2.5 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 Patesville CCD area. Patesville CCD shows it has a families with a single earner of 35.1% which is the third most families with a single earner of all other places in the greater Patesville CCD region. The place with the highest families with a single earner in the area is Whitesville which shows a single earners rate of 46.3% (32.0% larger). The percentage of families with no one working is depicted in Figure 22. Patesville CCD shows it has a families with no one working of 22.5% which is the second smallest in terms of 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 Cannelton which shows a families with no worker of 36.6% (62.9% larger).

Patesville CCD Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Patesville 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. Patesville CCD depicts it has a total people earning less than the poverty level of 410 which is the third most total people earning less than the poverty level of all other places in the greater Patesville CCD region. The place with the highest total people earning less than the poverty level in the area is Tell City which depicts a total people earning less than the poverty level of 1,229 (approximately 3.0 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Patesville CCD shows it has a percent of people earning less than the poverty level of 15.3% which is the smallest when sorted by percent of people earning less than the poverty level of all the other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Cannelton which depicts a percent of people in poverty of 35.7% (approximately 2.3 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Patesville CCD has one of the largest proportions of person in poverty under 12 years at 43% of the total and is ranked #2. The only larger place being Whitesville with 57%. Second, it has the smallest proportion of person in poverty 35 to 54 years at 9% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Patesville CCD has the percentage of white poverty rate the second smallest when ranked by white poverty rate of all the other places in the local area at 15% of the total. Second, it has in the mid range of other places in the metro area in order of hispanicp poverty rate at 13% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Patesville CCD has the largest proportion of unmarried female with children and in poverty at 87% 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. Patesville CCD has the smallest proportion of less than highschool in poverty at 8% of the total. Second, it has less than most other places in the metro area when sorted by highschool graduate and in poverty at 10% 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.) Patesville CCD shows it has a households with public assistance of 16.3% which is in the mid range of other places in the greater region. The place with the highest households with public assistance in the area is Cannelton which depicts a households with public assistance of 34.4% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Patesville CCD shows it has a the gini index of 38.6% which is the second smallest as measured by the gini index of all the other places in the local area.

Patesville CCD 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 Patesville CCD 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.) Patesville CCD has the smallest proportion of people who work at home at 2% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Patesville CCD or elsewhere.) Patesville CCD has the largest proportion of people who drove alone at 93% of the total and is ranked #1. Second, it has the smallest proportion of people who carpooled at 4% of the total. Third, it has the smallest proportion of people who work at home at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Patesville CCD has the largest proportion of people who leave for work between 10am to 11am at 3% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 12noon to 4pm at 4% of the total. Third, it has one of the largest proportions of people who leave for work between 4pm to midnight at 12% of the total and is ranked #2. The only larger place being Tell City with 16%.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Patesville CCD has the smallest proportion of people with commute time of less than 5 minutesutes at 3% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 0% of the total. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 19% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 40 to 44 minutes at 7% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 45 to 59 minutes at 11% of the total and is ranked #1. Furthermore, it has the smallest proportion of people with commute time of 90 or more minutesutes at 0% of the total.

The average commute time is shown in Figure 37. Patesville CCD shows it has an average commute time of 27 which is the third most of all other places in the metropolitan area. Figure 38 shows the difference between male versus female commuting time. Patesville CCD depicts average commute time in minutes for men 53.3% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Patesville CCD has the percentage of no vehicle available the second smallest as measured by no vehicle available of all the other places in the metro area at 1% of the total. Second, it has the second smallest when ranked by no vehicle available of all the other places in the greater region when sorted by 1 vehicle available at 8% of the total. Third, it has the largest proportion of 4 vehicles available at 17% of the total and is ranked #1. Also, it has one of the largest proportions of 5 or more vehicles available at 12% of the total and is ranked #2. The only larger place being Cloverport with 14%.

Patesville 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. Patesville CCD shows it has the hightest median earnings of $70,357 for the earnings-natural resources, construction, maintenance occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Patesville CCD depicts it has the hightest median earnings of $70,833 for the management, business, and financial occupations classification. The table in Figure 48, shows Patesville CCD employment data in terms of job categories and salary data.

Patesville 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. Patesville CCD shows it has the hightest entrepreneurs of 100% for the self employed management, business, science, and arts businesses classification.

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. Patesville CCD shows it has the hightest entrepreneurs of 55% for the self employed in professional, scientific, management, administrative services group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Patesville CCD shows it has an average annual self employment income of $38,389 which is the largest of all places in the greater Patesville CCD region. Comparing average annual self employment income to the United States average of $37,819, Patesville CCD is only slightly larger. Also, measured against the state of Kentucky, average annual self employment income of $30,549, Patesville CCD is 25.7% larger.

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