Windy Hills Kentucky Income Charts

This section shows the Windy Hills Kentucky economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Windy Hills depicts it has a Median earnings of $77,344 which is the second most median earnings of all the places in the greater Windy Hills region. The city with the highest median earnings per worker in the area is Maryhill Estates which shows a median earnings of $133,750 (72.9% larger). Comparing median earnings per worker to the United States average of $49,041, Windy Hills is 57.7% larger. Also, compared to the state of Kentucky, median earnings per worker of $43,234, Windy Hills is 78.9% 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 $95,588 which is in the mid point range of other places in the local area. The city with the highest median household income in the area is Maryhill Estates which shows a median income of $188,250 (about twice as large). Comparing median household income to the United States average of $62,843, Windy Hills is 52.1% larger. Also, measured against the state of Kentucky, median household income of $50,589, Windy Hills is about twice as large.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 40.4 which is the third most average hours of all other places in the greater Windy Hills region. The city with the highest average hours in the area is Northfield which shows an average hours of 40.9 ( 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 $36.82 which is the second most average hourly earnings of all the places in the greater Windy Hills region. The city with the highest average hourly earnings in the area is Maryhill Estates which shows an average hourly earnings of $64.95 (76.4% larger). Comparing average hourly earnings to the United States average of $24.31, Windy Hills is 51.5% larger. Also, compared to the state of Kentucky, average hourly earnings of $21.32, Windy Hills is 72.7% larger.

Figure 7 examines the number of self employed people in the Windy Hills metro area based on the number of people who reported any self employment income. Windy Hills shows it has a Self Employed of 9.6% which is the second smallest when ranked 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 Maryhill Estates which depicts a percentage self employed of 28.2% (approximately 2.9 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 $124,583 of the total and is ranked #3. Only #2 Northfield ($131,250), and #1 Maryhill Estates ($223,750) are larger. Second, it has in the mid point range of other places in the greater region as measured by median income-25 to 44 years at $119,659 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $61,932 of the total and is ranked #3. Only #2 Crossgate ($83,750), and #1 Maryhill Estates ($88,750) are larger.

Figure 9 breaks down the source of income and Windy Hills has the largest proportion of self employment income at 26.2% of the total and is ranked #1. Second, it has the largest proportion of investment and retirement income at 7.5% 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 With Retirement Income of 34.8% which is the largest of all places in the metropolitan area.

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 middle range of other places in the area at $124,167 of the total. Second, it has the largest proportion of american indian family income at $61,625 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. Windy Hills depicts it has the hightest cost of 117.9 for the cost of housing aggregate.

Windy Hills 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 Coronavirus Pandemic the monthly unemployment rate went from 8.0% to 3.3% in March 2020. This represents a decrease in the monthly unemployment rate of 58.8%. Since that time, the monthly unemployment rate has gone to 4.1% This represents an increase in the monthly unemployment rate of 24.2%. 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 22,070 to 25,354 in March 2020. This represents an increase in the monthly labor force participation of 14.9%. Since that time, the monthly labor force participation has gone to 25,539 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 Windy Hills depicts it has a Unemployment Rate of 2.1% which is the second most unemployment rate of all the places in the greater Windy Hills region. The city with the highest unemployment rate in the area is Beechwood Village which depicts a rate of 2.8% (30.6% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Windy Hills shows it has a Labor Force Participation of 58.6% which is the second smallest when ranked by participation rate of all the other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Windy Hills depicts full time employees approximately 4.0 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 Windy Hills area. Windy Hills shows it has a Single Earner Families of 22.1% which is in the mid range of other places in the metropolitan area. The city with the highest families with a single earner in the area is Northfield which shows a single earners rate of 35.6% (61.2% larger). The percentage of families with no one working is depicted in Figure 22. Windy Hills depicts it has a Families with No One Working of 24.0% which is the largest of all places in the greater Windy Hills region.

Windy Hills Kentucky Poverty Charts

The next section details economy analysis about poverty for residents of the Windy Hills 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. Windy Hills depicts it has a Total In Poverty of 104 which is the second most total people earning less than the poverty level of all the places in the greater Windy Hills region. The city with the highest total people earning less than the poverty level in the area is Graymoor-Devondale which depicts a total people earning less than the poverty level of 192 (about twice as large).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Windy Hills depicts it has a Percent of Population In Poverty of 4.3% 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 Maryhill Estates which shows a percent of people in poverty of 8.4% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Windy Hills has the percentage of person in poverty 12 to 17 years less than most other places in the surrounding region at 3% of the total. Second, it has less than most other places in the metro area as measured by person in poverty 18 to 34 years at 14% of the total. Third, it has the largest proportion of person in poverty 35 to 54 years at 24% of the total and is ranked #1. Also, it has the largest proportion of person in poverty 55 to 64 years at 44% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Windy Hills has the percentage of white poverty rate in the mid range of other places in the greater region at 12% 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. Windy Hills has the percentage of people who are in poverty and unemployed the second smallest when sorted by people who are in poverty and employed of all the other places in the metro area at 12.5% of the total.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Windy Hills depicts it has a Gini Index of 46.6% which is the second most the gini index of all the places in the greater Windy Hills region.

Windy Hills 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 Windy Hills 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.) Windy Hills has the largest proportion of people who bicycle or walk to work at 12% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Windy Hills or elsewhere.) Windy Hills has the largest proportion of people who work from home at 12% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Windy Hills has the smallest proportion of people who leave for work between 630 am to 7am at 10% of the total. Second, it has the largest proportion of people who leave for work between 8am to 830am 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. Windy Hills has one of the largest proportions of people with commute time between 10 to 14 minutes at 33% of the total and is ranked #2. The only larger city being Crossgate with 35%. Second, it has the smallest proportion of people with commute time between 20 to 24 minutes at 2% of the total.

The average commute time is shown in Figure 37. Windy Hills shows it has a Avg Commute Time of 18 which is the third most of all other places in the local area. Figure 38 shows the difference between male versus female commuting time. Windy Hills depicts average commute time in minutes for men 6.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Windy Hills has the percentage of no vehicle available in the mid range of other places in the local area at 18% of the total. Second, it has in the mid range of other places in the greater region in terms of 3 vehicles available at 6% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Windy Hills depicts it has a Work in city or place where live of 12% which is in the mid range of other places in the metro area. The city with the highest people who both work and live in the same city in the area is Northfield which depicts a people who both work and live in the same city of 17% (35.8% larger). Comparing people who both work and live in the same city to the United States average of 42%, Windy Hills is approximately a third the size. Also, compared to the state of Kentucky, people who both work and live in the same city of 52%, Windy Hills is approximately a quarter the size.

Windy Hills 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. Windy Hills depicts it has the hightest median earnings of $250,001 for the earnings-healthcare practitioners and tech occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Windy Hills depicts it has the hightest median earnings of $107,250 for the earnings-computer, engineering, and science occupations category. The table in Figure 48, shows Windy Hills employment data in terms of job categories and salary data.

Windy Hills 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. Windy Hills depicts it has the hightest entrepreneurs of 50% for the self employed management, business, science, and arts 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. Windy Hills shows it has the hightest entrepreneurs of 31% for the self employed in finance, insurance, real estate, rental and leasing aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Windy Hills depicts it has a Self Employment Income of $33,728 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 Northfield which depicts an average annual self employment income of $133,045 (approximately 3.9 times bigger). Comparing average annual self employment income to the United States average of $39,154, Windy Hills is about 16.1% smaller. Also, measured against the state of Kentucky, average annual self employment income of $32,419, Windy Hills is only about 4.0% larger.

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