Plum Springs Kentucky Income Charts

This section shows the Plum Springs Kentucky economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Plum Springs shows it has a Median earnings of $36,667 which is the second smallest as measured 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 Plano CDP which depicts a median earnings of $51,944 (41.7% larger). Comparing median earnings per worker to the United States average of $50,459, Plum Springs is approximately three-fourths the size. Also, benchmarked against the state of Kentucky, median earnings per worker of $44,129, Plum Springs is about 20.4% 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 $51,875 which is in the middle range of other places in the metro area. The city with the highest median household income in the area is Plano CDP which indicates a median income of $84,741 (63.4% larger). Comparing median household income to the United States average of $64,994, Plum Springs is approximately three-fourths the size. Also, versus the state of Kentucky, median household income of $52,238, 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 as measured by median earnings of less than $10,000 of all the other places in the surrounding region at 3.8% of the total. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 48.6% 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 39.3 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 42.7 (8.7% 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 $17.94 which is the second smallest when sorted by average hourly earnings of all the other places in the greater region. The city with the highest average hourly earnings in the area is Plano CDP which shows an average hourly earnings of $27.37 (52.5% larger). Comparing average hourly earnings to the United States average of $25.01, Plum Springs is approximately three-fourths the size. Also, benchmarked against the state of Kentucky, average hourly earnings of $21.76, Plum Springs is about 21.3% 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 depicts it has a Self Employed of 6.0% which is the second smallest as measured by percentage of people self employed of all the other places in the local area. The city with the highest percentage of people self employed in the area is Woodburn which depicts a percentage self employed of 19.7% (approximately 3.3 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $58,214 of the total and is ranked #2. The only larger city being Woodburn with $78,750. Second, it has one of the largest proportions of median income-25 to 44 years at $54,063 of the total and is ranked #3. Only #2 Woodburn ($78,500), and #1 Plano CDP ($82,986) are larger. Third, it has less than most other places in the greater region in order of median income-45 to 64 years at $33,750 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 27.5% which is the second most households with retirement income of all the places in the greater Plum Springs region. The city with the highest households with retirement income in the area is Woodburn which shows a households with retirement income of 34.4% (25.0% 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 metropolitan area at $55,938 of the total. Second, it has one of the largest proportions of white family income at $60,625 of the total and is ranked #2. The only larger city being Smiths Grove with $70,125. 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 $38,798.

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 aggregate.

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 depicts that from January 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 10.0% to 5.1% in March 2020. This represents a decrease in the monthly unemployment rate of 49.0%. Since that time, the monthly unemployment rate has gone to 3.6% This represents a decrease in the monthly unemployment rate of 29.4%. 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 Wuhan Coronavirus Pandemic the monthly labor force participation went from 28,818 to 33,666 in March 2020. This represents an increase in the monthly labor force participation of 16.8%. Since that time, the monthly labor force participation has gone to 33,491 This represents a decrease 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 Plum Springs depicts it has a Unemployment Rate of 2.3% which is less than most other places in the local area. The city with the highest unemployment rate in the area is Smiths Grove which shows a rate of 6.6% (approximately 2.9 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Plum Springs shows it has a Labor Force Participation of 55.4% which is in the center range of other places in the metro 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 4.4 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 Plum Springs area. Plum Springs depicts it has a Single Earner Families of 40.5% which is ranked #1 of all places in the greater Plum Springs region. 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 22.6% which is the second most families with no one working of all the places in the greater Plum Springs region. The city with the highest families with no one working in the area is Brownsville which shows a families with no worker of 27.7% (22.3% larger).

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 49 which is in the mid range of other places in the metro area. The city with the highest total people earning less than the poverty level in the area is Bowling Green which shows a total people earning less than the poverty level of 16,662 ( substantially 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 10.9% which is less than most other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Bowling Green which depicts a percent of people in poverty of 25.9% (approximately 2.4 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Plum Springs has the largest proportion of person in poverty 18 to 34 years at 35% of the total and is ranked #1. Second, it has one of the largest proportions of person in poverty 35 to 54 years at 12% of the total and is ranked #3. Only #2 Woodburn (25%), and #1 Oakland (64%) are larger.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Plum Springs has one of the largest proportions of hawaiian poverty rate at 57% 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 one of the largest proportions of unmarried with children and in poverty at 27% of the total and is ranked #3. Only #2 Brownsville (48%), and #1 Bowling Green (48%) 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 the second smallest when sorted by less than highschool in poverty of all the other places in the local area at 3% of the total. Second, it has the second smallest in terms of less than highschool in poverty of all the other places in the local area when sorted by highschool graduate and in poverty at 1% of the total. Third, it has the largest proportion of has some college and in poverty at 8% 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 22.4% of the total and is ranked #2. The only larger city being Woodburn with 25.0%. 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 7.2% which is in the center 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 27.8% (approximately 3.9 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 32.5% which is the smallest in terms of the gini index of all the other places in the surrounding region.

Plum Springs Kentucky Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Plum Springs has the percentage of people who leave for work between 12am to 5am less than most other places in the greater region at 5% of the total. Second, it has the largest proportion of people who leave for work between 10am to 11am at 2% 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 the largest proportion of people with commute time of less than 5 minutesutes at 23% of the total and is ranked #1. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 16% of the total and is ranked #3. Only #2 Oakland (21%), and #1 Bowling Green (24%) are larger. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 24% of the total and is ranked #2. The only larger city being Plano CDP with 57%.

The average commute time is shown in Figure 37. Plum Springs shows it has a Avg Commute Time of 18 which is the smallest when ranked by 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 31.2% 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 the largest proportion of 1 vehicle available at 68% of the total and is ranked #1. Second, it has the second smallest when ranked by no vehicle available of all the other places in the local area in order 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 indicates it has a Work in city or place where live of 4% which is the second 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 76% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 43%, Plum Springs is approximately a tenth the size. Also, measured against the state of Kentucky, people who both work and live in the same city of 45%, Plum Springs is approximately a tenth 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 $58,250 for the earnings-production, transportation, material moving occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Plum Springs shows it has the hightest median earnings of $45,000 for the earnings-production, transportation, material moving occupations group. 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 shows it has the hightest entrepreneurs of 71% for the self employed in service 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. Plum Springs depicts it has the hightest entrepreneurs of 29% for the self employed in construction group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Plum Springs depicts it has a Self Employment Income of $20,740 which is in the mid range of other places in the metropolitan area. The city with the highest average annual self employment income in the area is Plano CDP which depicts an average annual self employment income of $45,359 (about twice as large). Comparing average annual self employment income to the United States average of $40,101, Plum Springs is approximately half the size. Also, compared to the state of Kentucky, average annual self employment income of $33,049, Plum Springs 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.) Plum Springs depicts total number of self-employed men 42.9% larger as the total number of self-employed women.