Plum Springs Kentucky Income Charts

This section shows the Plum Springs Kentucky economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Plum Springs depicts it has a Median earnings of $36,250 which is in the middle range of other places in the metro area. The city with the highest median earnings per worker in the area is Plano CDP which depicts a median earnings of $54,667 (50.8% larger). Comparing median earnings per worker to the United States average of $49,041, Plum Springs is approximately three-fourths the size. Also, measured against the state of Kentucky, median earnings per worker of $43,234, Plum Springs is about 19.3% 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 $50,313 which is the third most median income of all other places in the greater Plum Springs region. The city with the highest median household income in the area is Plano CDP which shows a median income of $85,094 (69.1% larger). Comparing median household income to the United States average of $62,843, Plum Springs is about 24.9% smaller. Also, measured against the state of Kentucky, median household income of $50,589, Plum Springs is about the same size.

The next section examines a variety of different income statistics for the Plum Springs metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the metro area at 4.3% of the total. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 47.4% 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 39.7 which is the second most average hours of all the places in the greater Plum Springs region. The city with the highest average hours in the area is Woodburn which depicts an average hours of 40.2 ( only slightly 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 $17.56 which is less than most other places in the metropolitan area. The city with the highest average hourly earnings in the area is Plano CDP which shows an average hourly earnings of $27.81 (58.4% larger). Comparing average hourly earnings to the United States average of $24.31, Plum Springs is approximately three-fourths the size. Also, benchmarked against the state of Kentucky, average hourly earnings of $21.32, Plum Springs is about 21.4% smaller.

Figure 7 examines the number of self employed people in the Plum Springs metro area based on the number of people who reported any self employment income. Plum Springs shows it has a Self Employed of 8.0% which is the second smallest in terms of percentage of people self employed of all the other places in the metropolitan area. The city with the highest percentage of people self employed in the area is Woodburn which shows a percentage self employed of 18.8% (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 in the middle range of other places in the greater region at $51,875 of the total. Second, it has in the middle range of other places in the greater region as measured by median income-25 to 44 years at $60,000 of the total. Third, it has in the center range of other places in the local area in terms of median income-45 to 64 years at $33,125 of the total.

Figure 9 breaks down the source of income and Plum Springs has the smallest proportion of income from wages at 0.9% of the total.

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 18.9% which is in the center range of other places in the metropolitan area. The city with the highest households with retirement income in the area is Woodburn which depicts a households with retirement income of 30.8% (63.2% 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 less than most other places in the greater region at $60,375 of the total. Second, it has one of the largest proportions of white family income at $58,036 of the total and is ranked #2. The only larger city being Smiths Grove with $60,000. Third, it has one of the largest proportions of hawaiian family income at $2,499 of the total and is ranked #2. The only larger city being Bowling Green with $48,617.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Plum Springs shows it has the hightest cost of 104.3 for the cost of utilities grouping.

Plum Springs 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 disasterous Coronavirus Pandemic the monthly unemployment rate went from 10.0% to 4.8% in March 2020. This represents a decrease in the monthly unemployment rate of 52.0%. Since that time, the monthly unemployment rate has gone to 4.5% This represents a decrease in the monthly unemployment rate of 6.3%. 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 COVID-19 Pandemic the monthly labor force participation went from 28,818 to 34,113 in March 2020. This represents an increase in the monthly labor force participation of 18.4%. Since that time, the monthly labor force participation has gone to 31,883 This represents a decrease in the monthly labor force participation of 6.5%.

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 Plum Springs depicts it has a Unemployment Rate of 3.5% which is the third most unemployment rate of all other places in the greater Plum Springs region. The city with the highest unemployment rate in the area is Smiths Grove which shows a rate of 10.4% (approximately 3.0 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Plum Springs depicts it has a Labor Force Participation of 63.4% which is in the mid point range of other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Plum Springs depicts full time employees approximately 4.5 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 Plum Springs area. Plum Springs shows it has a Single Earner Families of 33.3% which is the second most families with a single earner of all the places in the greater Plum Springs region. The city with the highest families with a single earner in the area is Smiths Grove which depicts a single earners rate of 42.9% (28.6% larger). The percentage of families with no one working is depicted in Figure 22. Plum Springs depicts it has a Families with No One Working of 14.8% which is in the mid point range of other places in the greater region. The city with the highest families with no one working in the area is Brownsville which depicts a families with no worker of 33.5% (approximately 2.3 times bigger).

Plum Springs Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Plum Springs 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. Plum Springs depicts it has a Total In Poverty of 61 which is in the mid range of other places in the greater region. The city with the highest total people earning less than the poverty level in the area is Bowling Green which depicts a total people earning less than the poverty level of 14,682 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Plum Springs shows it has a Percent of Population In Poverty of 13.2% which is in the mid range of other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Brownsville which depicts a percent of people in poverty of 24.8% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Plum Springs has the percentage of person in poverty 12 to 17 years less than most other places in the local area at 13% of the total. Second, it has in the mid range of other places in the greater region in order of person in poverty 35 to 54 years at 13% of the total. Third, it has less than most other places in the surrounding region when sorted by person in poverty 55 to 64 years at 5% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Plum Springs has the percentage of white poverty rate in the center range of other places in the metro area at 24% of the total. Second, it has one of the largest proportions of hawaiian poverty rate at 51% of the total and is ranked #2. The only larger city being Smiths Grove with 100%.

Figure 27 shows key poverty statistics for groups based on marriage status. Plum Springs has the percentage of married with children and in poverty in the center range of other places in the surrounding region at 36% of the total. Second, it has one of the largest proportions of unmarried with children and in poverty at 40% of the total and is ranked #3. Only #2 Bowling Green (44%), and #1 Brownsville (54%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Plum Springs has the percentage of less than highschool in poverty less than most other places in the metro area at 8% of the total. Second, it has the largest proportion of has some college and in poverty at 9% 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. Plum Springs has one of the largest proportions of people who are in poverty and unemployed at 21.3% of the total and is ranked #3. Only #2 Oakland (28.0%), and #1 Plano CDP (100.0%) are larger. 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.) Plum Springs depicts it has a Public Assistance Percent of 6.9% which is in the mid point range of other places in the local area. The city with the highest households with public assistance in the area is Brownsville which depicts a households with public assistance of 28.9% (approximately 4.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Plum Springs depicts it has a Gini Index of 34.7% which is less than most other places in the greater region.

Plum Springs Kentucky Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Plum Springs or elsewhere.) Plum Springs has the largest proportion of people who carpooled at 16% 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. Plum Springs has one of the largest proportions of people with commute time of less than 5 minutesutes at 19% of the total and is ranked #2. The only larger city being Bowling Green with 20%. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 17% of the total and is ranked #3. Only #2 Oakland (21%), and #1 Bowling Green (25%) are larger. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 27% of the total and is ranked #2. The only larger city being Plano CDP with 51%. Also, it has the smallest proportion of people with commute time between 40 to 44 minutes at 0% of the total.

The average commute time is shown in Figure 37. Plum Springs depicts it has a Avg Commute Time of 19 which is the second smallest in order of average commute time of all the other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Plum Springs depicts average commute time in minutes for men 59.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Plum Springs has one of the largest proportions of 1 vehicle available at 59% of the total and is ranked #2. The only larger city being Oakland with 59%. Second, it has the smallest proportion of 3 vehicles available at 3% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Plum Springs shows it has a Work in city or place where live of 2% which is the smallest when sorted by people who both work and live in the same city of all the 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 Bowling Green which depicts a people who both work and live in the same city of 79% ( substantially bigger). Comparing people who both work and live in the same city to the United States average of 42%, Plum Springs is only about 4.7% the size. Also, in comparison with the state of Kentucky, people who both work and live in the same city of 52%, Plum Springs is only about 3.7% the size.

Plum Springs 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. Plum Springs depicts it has the hightest median earnings of $46,250 for the earnings-production, transportation, material moving occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Plum Springs shows it has the hightest median earnings of $60,625 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Plum Springs employment data in terms of job categories and salary data.

Plum Springs 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. Plum Springs depicts it has the hightest entrepreneurs of 71% for the self employed in service 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. Plum Springs depicts it has the hightest entrepreneurs of 29% for the self employed in construction aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Plum Springs depicts it has a Self Employment Income of $6,143 which is the smallest as measured by average annual self employment income of all the other places in the local area. The city with the highest average annual self employment income in the area is Brownsville which depicts an average annual self employment income of $60,667 ( considerably bigger). Comparing average annual self employment income to the United States average of $39,154, Plum Springs is approximately a sixth the size. Also, in contrast to the state of Kentucky, average annual self employment income of $32,419, Plum Springs is approximately a fifth the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Plum Springs shows total number of self-employed men about the same size as the total number of self-employed women.