Cotton Valley Louisiana Income Charts

This section shows the Cotton Valley Louisiana economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Cotton Valley depicts it has a Median earnings of $20,238 which is less than most other places in the local area. The city with the highest median earnings per worker in the area is Shongaloo which depicts a median earnings of $40,833 (about twice as large). Comparing median earnings per worker to the United States average of $49,041, Cotton Valley is approximately half the size. Also, measured against the state of Louisiana, median earnings per worker of $44,013, Cotton Valley is approximately half the size.

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 $20,446 which is less than most other places in the greater region. The city with the highest median household income in the area is Shongaloo which depicts a median income of $34,000 (66.3% larger). Comparing median household income to the United States average of $62,843, Cotton Valley is approximately a third the size. Also, versus the state of Louisiana, median household income of $49,469, Cotton Valley is approximately half the size.

The next section examines a variety of different income statistics for the Cotton Valley metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest in order of median earnings of less than $10,000 of all the other places in the greater region at 14.8% of the total. Second, it has less than most other places in the greater region when ranked by earnings between $15,000 and $19,999 at 22.3% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.2 which is the second smallest as measured by average hours of all the other places in the metropolitan area. The city with the highest average hours in the area is Shongaloo which shows an average hours of 44.2 (15.7% 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 $10.19 which is less than most other places in the local area. The city with the highest average hourly earnings in the area is Shongaloo which shows an average hourly earnings of $17.77 (74.4% larger). Comparing average hourly earnings to the United States average of $24.31, Cotton Valley is approximately half the size. Also, in comparison with the state of Louisiana, average hourly earnings of $21.32, Cotton Valley is approximately half the size.

Figure 7 examines the number of self employed people in the Cotton Valley metro area based on the number of people who reported any self employment income. Cotton Valley shows it has a Self Employed of 7.4% which is in the mid range of other places in the area. The city with the highest percentage of people self employed in the area is Shongaloo which shows a percentage self employed of 24.2% (approximately 3.3 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-25 to 44 years in the center range of other places in the surrounding region at $20,150 of the total. Second, it has one of the largest proportions of median income-45 to 64 years at $27,019 of the total and is ranked #3. Only #2 Springhill ($30,719), and #1 Sarepta ($35,313) are larger.

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 9.0% which is the smallest when sorted by households with retirement income of all the other places in the metro area. The city with the highest households with retirement income in the area is Springhill which shows a households with retirement income of 25.9% (approximately 2.9 times bigger).

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 greater region at $32,875 of the total. Second, it has one of the largest proportions of white family income at $22,679 of the total and is ranked #3. Only #2 Minden ($24,183), and #1 Dixie Inn ($31,500) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Cotton Valley depicts it has the hightest cost of 99.6 for the cost of miscellaneous items grouping.

Cotton Valley Louisiana 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 February 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 5.6% to 3.7% in February 2020. This represents a decrease in the monthly unemployment rate of 33.9%. Since that time, the monthly unemployment rate has gone to 7.7% This represents an increase in the monthly unemployment rate of 108.1%. 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 February 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 28,230 to 30,018 in February 2020. This represents an increase in the monthly labor force participation of 6.3%. Since that time, the monthly labor force participation has gone to 30,468 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 Cotton Valley depicts it has a Unemployment Rate of 1.0% which is the second smallest when ranked by unemployment rate of all the other places in the surrounding region. The city with the highest unemployment rate in the area is Sarepta which shows a rate of 4.5% (approximately 4.5 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Cotton Valley shows it has a Labor Force Participation of 59.5% which is the second most participation rates of all the places in the greater Cotton Valley region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Cotton Valley depicts full time employees about twice as large 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 Cotton Valley area. Cotton Valley shows it has a Single Earner Families of 60.6% which is the highest of all places in the greater Cotton Valley region. The percentage of families with no one working is depicted in Figure 22. Cotton Valley depicts it has a Families with No One Working of 7.3% which is the smallest as measured by families with no one working of all the other places in the local area. The city with the highest families with no one working in the area is Springhill which shows a families with no worker of 36.8% ( appreciably bigger).

Cotton Valley Louisiana Poverty Charts

The next section details economy analysis about poverty for residents of the Cotton Valley 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. Cotton Valley shows it has a Total In Poverty of 551 which is in the middle range of other places in the local area. The city with the highest total people earning less than the poverty level in the area is Minden which depicts a total people earning less than the poverty level of 4,043 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Cotton Valley depicts it has a Percent of Population In Poverty of 52.0% which is the second most percent of people earning less than the poverty level of all the places in the greater Cotton Valley region. The city with the highest percent of people earning less than the poverty level in the area is Cullen which shows a percent of people in poverty of 52.7% ( only slightly larger).

In Figure 25 people who are in poverty are broken out by age group. Cotton Valley has the percentage of person in poverty under 12 years the second smallest in terms of person in poverty under 12 years of all the other places in the local area at 1% of the total. Second, it has the smallest proportion of person in poverty 18 to 34 years at 13% of the total. Third, it has in the mid point range of other places in the greater region in terms of person in poverty 55 to 64 years at 3% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Cotton Valley has one of the largest proportions of white poverty rate at 65% of the total and is ranked #2. The only larger city being Springhill with 67%.

Figure 27 shows key poverty statistics for groups based on marriage status. Cotton Valley has one of the largest proportions of married with children and in poverty at 83% of the total and is ranked #3. Only #2 Springhill (91%), and #1 Dixie Inn (100%) are larger. Second, it has in the mid point range of other places in the area as measured by unmarried with children and in poverty at 82% of the total. Third, it has the largest proportion of unmarried female with children and in poverty at 100% 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. Cotton Valley has one of the largest proportions of less than highschool in poverty at 36% of the total and is ranked #2. The only larger city being Cullen with 52%. Second, it has the largest proportion of highschool graduate and in poverty at 42% of the total and is ranked #1. Third, it has one of the largest proportions of has some college and in poverty at 14% of the total and is ranked #2. The only larger city being Dixie Inn with 20%. 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.) Cotton Valley shows it has a Public Assistance Percent of 41.2% which is the second most households with public assistance of all the places in the greater Cotton Valley region. The city with the highest households with public assistance in the area is Cullen which shows a households with public assistance of 52.0% (26.1% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Cotton Valley shows it has a Gini Index of 46.9% which is in the mid point range of other places in the surrounding region.

Cotton Valley Louisiana 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 Cotton Valley 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.) Cotton Valley has the largest proportion of people who bicycle or walk to work at 6% 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 Cotton Valley or elsewhere.) Cotton Valley has the largest proportion of people who work from home at 6% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Cotton Valley has one of the largest proportions of people who leave for work between 12am to 5am at 7% of the total and is ranked #3. Only #2 Sarepta (13%), and #1 Shongaloo (24%) are larger. Second, it has the largest proportion of people who leave for work between 6am to 630am at 11% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 730 am to 8am at 2% of the total. Also, it has the largest proportion of people who leave for work between 9am to 10am at 17% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 11am to 12noon at 17% 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. Cotton Valley has the smallest proportion of people with commute time of less than 5 minutesutes at 2% of the total. Second, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the greater region in order of people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 43% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 20 to 24 minutes at 5% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 35 to 39 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Cotton Valley shows it has a Avg Commute Time of 23 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Cotton Valley depicts average commute time in minutes for men 8.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Cotton Valley has one of the largest proportions of no vehicle available at 43% of the total and is ranked #2. The only larger city being Dixie Inn with 47%. Second, it has the second smallest as measured by no vehicle available of all the other places in the local area as measured by 1 vehicle available at 36% of the total. Third, it has less than most other places in the area when sorted by 2 vehicles available at 14% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Cotton Valley depicts it has a Work in city or place where live of 15% which is the third most people who both work and live in the same city of all other places in the greater Cotton Valley region. The city with the highest people who both work and live in the same city in the area is Minden which depicts a people who both work and live in the same city of 62% (approximately 4.0 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Cotton Valley is approximately a third the size. Also, measured against the state of Louisiana, people who both work and live in the same city of 45%, Cotton Valley is approximately a third the size.

Cotton Valley Louisiana 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. Cotton Valley depicts it has the hightest median earnings of $26,071 for the earnings-production, transportation, material moving occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Cotton Valley shows it has the hightest median earnings of $28,500 for the earnings-sales and office occupations category. The table in Figure 48, shows Cotton Valley employment data in terms of job categories and salary data.

Cotton Valley Louisiana 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. Cotton Valley shows it has the hightest entrepreneurs of 100% for the self employed in production, transportation, and material moving businesses group.

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. Cotton Valley shows it has the hightest entrepreneurs of 100% for the self employed in manufacturing group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Cotton Valley shows it has a Self Employment Income of $9,173 which is less than most other places in the local area. The city with the highest average annual self employment income in the area is Minden which depicts an average annual self employment income of $39,338 (approximately 4.3 times bigger). Comparing average annual self employment income to the United States average of $39,154, Cotton Valley is approximately a quarter the size. Also, benchmarked against the state of Louisiana, average annual self employment income of $37,722, Cotton Valley is approximately a quarter the size.

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