Trimble County Income Charts

This section shows the Trimble County Kentucky economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Trimble County shows it has a Median earnings of $41,804 which is the second smallest as measured by median earnings per worker of all the other counties in the area. The county with the highest median earnings per worker in the area is Oldham County which depicts a median earnings of $67,178 (60.7% larger). Comparing median earnings per worker to the United States average of $53,269, Trimble County is approximately three-fourths the size. Also, measured against the state of Kentucky, median earnings per worker of $46,067, Trimble County is about 10.2% 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 $62,125 which is the third most median income of all other counties in the greater Trimble County region. The county with the highest median household income in the area is Oldham County which depicts a median income of $109,815 (76.8% larger). Comparing median household income to the United States average of $69,021, Trimble County is about 11.1% smaller. Also, compared with the state of Kentucky, median household income of $55,454, Trimble County is 12.0% larger.

The next section examines a variety of different income statistics for the Trimble County metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 9.7% of the total and is ranked #1. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 8.1% 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 41.0 which is the largest of all counties in the local area. 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 $19.61 which is the smallest when ranked by average hourly earnings of all the other counties in the surrounding region. The county with the highest average hourly earnings in the area is Oldham County which depicts an average hourly earnings of $32.54 (66.0% larger). Comparing average hourly earnings to the United States average of $26.40, Trimble County is approximately three-fourths the size. Also, measured against the state of Kentucky, average hourly earnings of $22.72, Trimble County is about 15.8% smaller.

Figure 7 examines the number of self employed people in the Trimble County metro area based on the number of people who reported any self employment income. Trimble County depicts it has a Self Employed of 10.3% which is in the intermediate range of other counties in the local area. The county with the highest percentage of people self employed in the area is Henry County which depicts a percentage self employed of 13.5% (31.3% larger).

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 $70,970 of the total and is ranked #2. The only larger county being Oldham County with $120,050. Second, it has one of the largest proportions of median income-25 to 44 years at $70,985 of the total and is ranked #3. Only #2 Clark County ($74,499), and #1 Oldham County ($127,521) are larger. Third, it has less than most other counties in the metropolitan area when ranked by median income-45 to 64 years at $37,721 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 24.3% which is the third most households with retirement income of all other counties in the greater Trimble County region. The county with the highest households with retirement income in the area is Henry County which shows a households with retirement income of 28.1% (15.9% 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 point range of other counties in the metro area at $68,310 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. Trimble County shows it has the hightest cost of 99.1 for the cost of utilities category.

Trimble County 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 Pandemic the monthly unemployment rate went from 15.5% to 4.2% in February 2020. This represents a decrease in the monthly unemployment rate of 72.9%. Since that time, the monthly unemployment rate has gone to 3.3% This represents a decrease in the monthly unemployment rate of 21.4%. 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 February 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 4,091 to 3,817 in March 2020. This represents a decrease in the monthly labor force participation of 6.7%. Since that time, the monthly labor force participation has gone to 3,907 This represents an increase in the monthly labor force participation of 2.4%.

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 Trimble County shows it has a Unemployment Rate of 5.6% which is more than all other counties in the greater Trimble County region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Trimble County depicts it has a Labor Force Participation of 60.4% which is in the mid range of other counties in the local area.

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). Trimble County has the largest proportion of employed at 5.6% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Trimble County depicts full time employees approximately 4.7 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 Trimble County area. Trimble County depicts it has a Single Earner Families of 22.4% which is the smallest when sorted by families with a single earner of all the other counties in the metro area. The county with the highest families with a single earner in the area is Henry County which depicts a single earners rate of 35.8% (59.7% larger). The percentage of families with no one working is depicted in Figure 22. Trimble County shows it has a Families with No One Working of 26.1% which is more than all other counties in the greater Trimble County region.

Trimble County Poverty Charts

The next section details economy analysis about poverty for residents of the Trimble County 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. Trimble County depicts it has a Total In Poverty of 1,189 which is the smallest in order of total people earning less than the poverty level of all the other counties in the metro area. The county with the highest total people earning less than the poverty level in the area is Clark County which depicts a total people earning less than the poverty level of 11,783 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Trimble County shows it has a Percent of Population In Poverty of 14.3% which is in the mid range of other counties in the area. The county with the highest percent of people earning less than the poverty level in the area is Carroll County which shows a percent of people in poverty of 24.3% (70.4% larger).

In Figure 25 people who are in poverty are broken out by age group. Trimble County has the largest proportion of person in poverty 12 to 17 years at 28% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 18 to 34 years at 26% of the total and is ranked #1. Third, it has the largest proportion of person in poverty 35 to 54 years at 16% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Trimble County has the largest proportion of white poverty rate at 100% of the total and is ranked #1. Second, it has the largest proportion of black poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Trimble County has one of the largest proportions of unmarried with children and in poverty at 45% of the total and is ranked #3. Only #2 Jefferson County (47%), and #1 Carroll County (58%) are larger. Second, it has one of the largest proportions of unmarried female with children and in poverty at 17% of the total and is ranked #3. Only #2 Jefferson County (20%), and #1 Carroll County (71%) are larger. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Trimble County has the largest proportion of people who are in poverty and employed at 13.7% 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.) Trimble County depicts it has a Public Assistance Percent of 11.9% which is in the mid range of other counties in the surrounding region. The county with the highest households with public assistance in the area is Scott County which depicts a households with public assistance of 14.4% (21.5% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Trimble County depicts it has a Gini Index of 41.6% which is the second smallest in terms of the gini index of all the other counties in the greater region.

Trimble County Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Trimble County or elsewhere.) Trimble County has the largest proportion of people who carpooled at 13% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Trimble County has the largest proportion of people who leave for work between 12am to 5am at 8% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 5am to 530am at 10% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 530 am to 6am at 15% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 6am to 630am at 8% of the total. In addition, it has the smallest proportion of people who leave for work between 7am to 730am at 5% of the total. Furthermore, it has the smallest proportion of people who leave for work between 730 am to 8am at 5% of the total. Next it has the largest proportion of people who leave for work between 9am to 10am at 4% of the total and is ranked #1. Additionally, it has the smallest proportion of people who leave for work between 10am to 11am at 0% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Trimble County has the percentage of people with commute time of less than 5 minutesutes in the mid range of other counties in the greater region at 8% of the total. Second, it has the second smallest as measured by people with commute time of less than 5 minutes of all the other counties in the surrounding region when ranked by people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the smallest proportion of people with commute time between 20 to 24 minutes at 4% of the total. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 8% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 40 to 44 minutes at 14% of the total and is ranked #1. Furthermore, it has the smallest proportion of people with commute time between 60 to 89 minutes at 1% of the total.

The average commute time is shown in Figure 37. Trimble County depicts it has a Avg Commute Time of 28 which is the second most average commute time of all the counties in the greater Trimble County region. Figure 38 shows the difference between male versus female commuting time. Trimble County depicts average commute time in minutes for men 73.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Trimble County has the percentage of no vehicle available less than most other counties in the local area at 15% of the total. Second, it has one of the largest proportions of 1 vehicle available at 43% of the total and is ranked #2. The only larger county being Clark County with 44%. Third, it has the smallest proportion of 2 vehicles available at 18% of the total. Also, 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.) Trimble County shows it has a Work in city or place where live of 18% which is the smallest when sorted by people who both work and live in the same city of all the other counties in the local area. The county with the highest people who both work and live in the same city in the area is Jefferson County which depicts a people who both work and live in the same city of 53% (approximately 3.0 times bigger). Comparing people who both work and live in the same city to the United States average of 44%, Trimble County is approximately half the size. Also, benchmarked against the state of Kentucky, people who both work and live in the same city of 53%, Trimble County is approximately a third the size.

Trimble County 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. Trimble County depicts it has the hightest median earnings of $80,921 for the management, business, and financial occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Trimble County depicts it has the hightest median earnings of $53,639 for the earnings-education, legal, community service, arts, media occupations classification. The table in Figure 48, shows Trimble County employment data in terms of job categories and salary data.

Trimble County 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. Trimble County depicts it has the hightest entrepreneurs of 37% 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. Trimble County shows it has the hightest entrepreneurs of 38% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Trimble County depicts it has a Self Employment Income of $25,752 which is the second smallest when sorted by average annual self employment income of all the other counties in the metro area. The county with the highest average annual self employment income in the area is Oldham County which shows an average annual self employment income of $58,229 (approximately 2.3 times bigger). Comparing average annual self employment income to the United States average of $42,141, Trimble County is approximately three-fourths the size. Also, in comparison with the state of Kentucky, average annual self employment income of $34,912, Trimble County 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.) Trimble County depicts total number of self-employed men only about 5.6% larger as the total number of self-employed women.