Cotton Valley Louisiana Income Charts

This section shows the Cotton Valley Louisiana economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Cotton Valley shows it has a median earnings per worker of $19,484 which is less than most other places in the metro area. The city with the highest median earnings per worker in the area is Shongaloo which depicts a median earnings of $35,938 (about twice as large). Comparing median earnings per worker to the United States average of $47,712, Cotton Valley is approximately half the size. Also, in comparison with the state of Louisiana, median earnings per worker of $42,397, 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 $19,659 which is the second smallest when ranked by median household income of all the other places in the metro area. The city with the highest median household income in the area is Shongaloo which indicates a median income of $40,938 (about twice as large). Comparing median household income to the United States average of $60,293, Cotton Valley is approximately a third the size. Also, measured against the state of Louisiana, median household income of $47,942, 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 it has one of the largest proportions of earnings less than $10,000 at 30.3% of the total and is ranked #2. The only larger city being Cullen with 31.9%. Second, it has one of the largest proportions of earnings between $15,000 and $19,999 at 25.1% of the total and is ranked #2. The only larger city being Dixie Inn with 31.3%. Third, it has less than most other places in the local area when sorted by earnings of $100,000 more at 0.9% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 39.1 which is in the mid point range of other places in the local area. The city with the highest average hours in the area is Shongaloo which depicts an average hours of 43.2 (10.5% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $9.58 which is less than most other places in the area. The city with the highest average hourly earnings in the area is Shongaloo which depicts an average hourly earnings of $16.00 (66.9% larger). Comparing average hourly earnings to the United States average of $23.71, Cotton Valley is approximately half the size. Also, in contrast to the state of Louisiana, average hourly earnings of $20.49, 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 percentage of people self employed of 5.6% which is less than most other places in the greater region. The city with the highest percentage of people self employed in the area is Shongaloo which depicts a percentage self employed of 34.5% ( considerably bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-45 to 64 years in the center range of other places in the metro area at $19,398 of the total. Second, it has in the mid range of other places in the local area when ranked by median income-65 years and over at $27,500 of the total.

Figure 9 breaks down the source of income and Cotton Valley has the largest proportion of investment and retirement income at 17.1% 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 households with retirement income of 9.4% which is the smallest when ranked by households with retirement income of all the other places in the surrounding region. The city with the highest households with retirement income in the area is Springhill which shows a households with retirement income of 29.5% (approximately 3.1 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 the second smallest when sorted by overall family income of all the other places in the metro area at $22,784 of the total. Second, it has less than most other places in the local area when ranked by white family income at $30,962 of the total. Third, it has in the middle range of other places in the local area as measured by black family income at $19,219 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. Cotton Valley depicts it has the hightest cost of 99.6 for the cost of miscellaneous items group.

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 disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 5.6% to 4.3% in December 2019. This represents a decrease in the monthly unemployment rate of 23.2%. Since that time, the monthly unemployment rate has gone to 4.3% This represents an increase in the monthly unemployment rate of very little. 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 disasterous COVID Pandemic the monthly labor force participation went from 28,370 to 30,273 in November 2019. This represents an increase in the monthly labor force participation of 6.7%. Since that time, the monthly labor force participation has gone to 30,273 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 an unemployment rate of 1.2% which is the second smallest when ranked by unemployment rate of all the other places in the local area. The city with the highest unemployment rate in the area is Minden which depicts a rate of 3.6% (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. Cotton Valley shows it has a participation rate of 57.3% which is in the intermediate range of other places in the surrounding 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 approximately 3.3 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 Cotton Valley area. Cotton Valley shows it has a families with a single earner of 61.5% which is the highest of all places in the greater region. The percentage of families with no one working is depicted in Figure 22. Cotton Valley shows it has a families with no one working of 13.5% which is the smallest when ranked by families with no one working of all the other places in the metro area. The city with the highest families with no one working in the area is Springhill which shows a families with no worker of 37.7% (approximately 2.8 times 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 depicts it has a total people earning less than the poverty level of 531 which is the third most of all 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 shows a total people earning less than the poverty level of 3,423 ( markedly 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 shows it has a percent of people earning less than the poverty level of 51.1% which is at the top of all other places in the greater Cotton Valley region.

In Figure 25 people who are in poverty are broken out by age group. Cotton Valley has the largest proportion of person in poverty under 12 years at 44% of the total and is ranked #1. Second, it has less than most other places in the metropolitan area as measured by person in poverty 35 to 54 years at 14% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Cotton Valley has the percentage of white poverty rate less than most other places in the greater region at 22% of the total. Second, it has the largest proportion of black poverty rate at 62% of the total and is ranked #1. Third, it has the largest proportion of hispanicp poverty rate at 75% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Cotton Valley has the percentage of married with children and in poverty the second smallest as measured by married with children and in poverty of all the other places in the local area at 11% of the total. Second, it has the largest proportion of unmarried with children and in poverty at 89% of the total and is ranked #1. Third, it has the largest proportion of unmarried female with children and in poverty at 88% of the total and is ranked #1. Also, it has the largest proportion of unmarried male 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 the largest proportion of less than highschool in poverty at 64% 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.) Cotton Valley shows it has a households with public assistance of 35.7% 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 48.0% (34.4% 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 the gini index of 47.5% which is in the mid range of other places in the metro area.

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 smallest proportion of people who drive a car or motorcycle to work at 95% of the total. Second, it has the largest proportion of people who work at home at 5% 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 at home at 5% 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 the percentage of people who leave for work between 12am to 5am in the center range of other places in the local area at 7% of the total. Second, it has the second smallest in order of people who leave for work between 12am to 5am of all the other places in the greater region when sorted by people who leave for work between 5am to 530am at 5% of the total. Third, it has the largest proportion of people who leave for work between 630 am to 7am at 13% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 10am to 11am at 16% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 4pm to midnight at 11% 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 between 5 to 9 minutes at 7% of the total. Second, it has less than most other places in the surrounding region in order of people with commute time between 10 to 14 minutes at 9% of the total. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 40% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 40 to 44 minutes at 4% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 45 to 59 minutes at 7% of the total. Furthermore, it has in the mid point range of other places in the metropolitan area when ranked by people with commute time of 90 or more minutesutes at 2% of the total.

The average commute time is shown in Figure 37. Cotton Valley shows it has an average commute time of 25 which is the third most average commute time of all other places in the greater Cotton Valley region. Figure 38 shows the difference between male versus female commuting time. Cotton Valley shows average commute time in minutes for men 25.2% 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 the percentage of no vehicle available the second smallest as measured by no vehicle available of all the other places in the surrounding region at 1% of the total. Second, it has one of the largest proportions of 1 vehicle available at 41% of the total and is ranked #2. The only larger city being Dixie Inn with 45%. Third, it has the second smallest in order of no vehicle available of all the other places in the surrounding region when ranked by 2 vehicles available at 36% of the total. Also, it has less than most other places in the greater region in order of 3 vehicles available at 14% of the total. In addition, it has the largest proportion of 5 or more vehicles available at 4% 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.) Cotton Valley depicts it has a people who both work and live in the same city of 22% 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 63% (approximately 2.9 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Cotton Valley is approximately half the size. Also, in comparison with the state of Louisiana, people who both work and live in the same city of 45%, Cotton Valley is approximately half 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 $40,208 for the earnings-production, transportation, material moving occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Cotton Valley shows it has the hightest median earnings of $19,167 for the earnings-sales and office occupations grouping. 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 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. Cotton Valley shows it has the hightest entrepreneurs of 100% for the self employed in manufacturing aggregate.

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 20.0% larger as the total number of self-employed women.