Olney CDP Maryland Income Charts

This section shows the Olney CDP Maryland economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Olney CDP depicts it has a Median earnings of $93,329 which is the second most of all the places in the metropolitan area. The place with the highest median earnings per worker in the area is Ashton-Sandy Spring CDP which depicts a median earnings of $105,556 (13.1% larger). Comparing median earnings per worker to the United States average of $53,269, Olney CDP is 75.2% larger. Also, measured against the state of Maryland, median earnings per worker of $65,737, Olney CDP is 42.0% 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 $161,065 which is the second most median income of all the places in the greater Olney CDP region. The place with the highest median household income in the area is Brookeville which depicts a median income of $173,750 (7.9% larger). Comparing median household income to the United States average of $69,021, Olney CDP is approximately 2.3 times bigger. Also, compared to the state of Maryland, median household income of $91,431, Olney CDP is 76.2% larger.

The next section examines a variety of different income statistics for the Olney CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings between $15,000 and $19,999 the second smallest as measured by median earnings of less than $10,000 of all the other places in the local area at 17.8% of the total. Second, it has one of the largest proportions of earnings between $75,000 and $99,999 at 34.5% of the total and is ranked #2. The only larger place being Ashton-Sandy Spring CDP with 38.1%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.8 which is in the mid range of other places in the metro area. The place with the highest average hours in the area is Ashton-Sandy Spring CDP which depicts an average hours of 40.1 (only about 3.4% 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 $46.26 which is the second most average hourly earnings of all the places in the greater Olney CDP region. The place with the highest average hourly earnings in the area is Ashton-Sandy Spring CDP which depicts an average hourly earnings of $50.62 (9.4% larger). Comparing average hourly earnings to the United States average of $26.40, Olney CDP is 75.2% larger. Also, measured against the state of Maryland, average hourly earnings of $32.58, Olney CDP is 42.0% larger.

Figure 7 examines the number of self employed people in the Olney CDP metro area based on the number of people who reported any self employment income. Olney CDP depicts it has a Self Employed of 17.9% which is the third most of all other places in the local area. The place with the highest percentage of people self employed in the area is Brookeville which depicts a percentage self employed of 20.4% (13.9% 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 $163,681 of the total and is ranked #3. Only #2 Brookeville ($183,750), and #1 Ashton-Sandy Spring CDP ($185,982) are larger. Second, it has the largest proportion of median income-25 to 44 years at $186,687 of the total and is ranked #1. Third, it has the largest proportion of median income-45 to 64 years at $112,654 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 26.1% which is the third most of all other places in the surrounding region. The place with the highest households with retirement income in the area is Leisure World CDP which depicts a households with retirement income of 60.7% (approximately 2.3 times bigger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $184,643 of the total and is ranked #1. Second, it has one of the largest proportions of white family income at $109,040 of the total and is ranked #2. The only larger place being Redland CDP with $132,986. Third, it has one of the largest proportions of american indian family income at $174,957 of the total and is ranked #2. The only larger place being Ashton-Sandy Spring CDP with $216,389. Also, it has the largest proportion of hawaiian family income at $140,938 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. Olney CDP depicts it has the hightest cost of 220.2 for the cost of housing category.

Olney CDP Maryland Labor Force Charts

The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate shows that from February 2017 to before the disasterous Covid-19 virus Pandemic it went from 3.3% to 2.3% in December 2019. This represents a decrease in the monthly unemployment rate of 30.3%. Since that time, the monthly unemployment rate has gone to 2.3%. 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. The monthly labor force participation depicts that from January 2017 to before the disasterous Coronavirus Pandemic it went from 37,086 to 38,503 in November 2019. This represents an increase in the monthly labor force participation of 3.8%. Since that time, the monthly labor force participation has gone to 38,503. 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 Olney CDP depicts it has a Unemployment Rate of 2.3% which is less than most other places in the local area. The place with the highest unemployment rate in the area is Layhill CDP which depicts a rate of 5.0% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Olney CDP shows it has a Labor Force Participation of 70.0% which is the third most participation rates of all other places in the greater Olney CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Olney CDP depicts full time employees approximately 4.1 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 Olney CDP area. Olney CDP shows it has a Single Earner Families of 17.3% which is the second smallest when sorted by families with a single earner of all the other places in the metro area. The place with the highest families with a single earner in the area is Ashton-Sandy Spring CDP which depicts a single earners rate of 32.3% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Olney CDP depicts it has a Families with No One Working of 13.6% which is the second most families with no one working of all the places in the greater Olney CDP region. The place with the highest families with no one working in the area is Leisure World CDP which depicts a families with no worker of 66.0% (approximately 4.8 times bigger).

Olney CDP Maryland Poverty Charts

The next section details economy analysis about poverty for residents of the Olney CDP 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. Olney CDP shows it has a Total In Poverty of 1,135 which is the second most total people earning less than the poverty level of all the places in the greater Olney CDP region. The place with the highest total people earning less than the poverty level in the area is Aspen Hill CDP which depicts a total people earning less than the poverty level of 4,245 (approximately 3.7 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Olney CDP depicts it has a Percent of Population In Poverty of 3.2% which is the second smallest when ranked by percent of people earning less than the poverty level of all the other places in the metropolitan area. The place with the highest percent of people earning less than the poverty level in the area is Aspen Hill CDP which depicts a percent of people in poverty of 7.9% (approximately 2.5 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Olney CDP has one of the largest proportions of person in poverty under 12 years at 23% of the total and is ranked #2. The only larger place being Ashton-Sandy Spring CDP with 30%. Second, it has one of the largest proportions of person in poverty 35 to 54 years at 8% of the total and is ranked #3. Only #2 Leisure World CDP (16%), and #1 Brookeville (50%) are larger. Third, it has in the center range of other places in the surrounding region when ranked by person in poverty 55 to 64 years at 25% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Olney CDP has the largest proportion of black poverty rate at 9% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Olney CDP has the percentage of married with children and in poverty in the mid range of other places in the metro area at 5% of the total. Second, it has in the mid point range of other places in the metropolitan area when ranked by unmarried with children and in poverty at 6% 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. Olney CDP has the percentage of people who are in poverty and employed less than most other places in the local area at 0.4% of the total. Second, it has less than most other places in the local area as measured by people who are in poverty and unemployed at 9.2% of the total. 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.) Olney CDP depicts it has a Public Assistance Percent of 4.3% which is the second smallest when sorted by households with public assistance of all the other places in the surrounding region. The place with the highest households with public assistance in the area is Aspen Hill CDP which depicts a households with public assistance of 10.4% (approximately 2.4 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Olney CDP shows it has a Gini Index of 37.6% which is less than most other places in the local area.

Olney CDP Maryland 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 Olney CDP 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.) Olney CDP has the largest proportion of people who take public transportation to work at 2% of the total and is ranked #1. Second, it has the largest proportion of people who bicycle or walk to work at 20% 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 Olney CDP or elsewhere.) Olney CDP has the largest proportion of people who bike at 0% of the total and is ranked #1. Second, it has the largest proportion of people who walked at 2% of the total and is ranked #1. Third, it has the largest proportion of people who work from home at 20% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Olney CDP has one of the largest proportions of people who leave for work between 12am to 5am at 4% of the total and is ranked #2. The only larger place being Layhill CDP with 6%.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Olney CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 6% of the total and is ranked #3. Only #2 Ashton-Sandy Spring CDP (7%), and #1 Brookeville (7%) are larger. Second, it has the smallest proportion of people with commute time between 10 to 14 minutes at 6% of the total.

The average commute time is shown in Figure 37. Olney CDP shows it has a Avg Commute Time of 34 which is less than most other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Olney CDP depicts average commute time in minutes for men 32.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Olney CDP has the percentage of no vehicle available in the mid point range of other places in the greater region at 9% of the total. Second, it has the largest proportion of 1 vehicle available at 47% of the total and is ranked #1. Third, it has one of the largest proportions of 3 vehicles available at 16% of the total and is ranked #2. The only larger place being Ashton-Sandy Spring CDP with 27%. Also, it has the second smallest when sorted by no vehicle available of all the other places in the local area in order of 4 vehicles available at 4% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Olney CDP depicts it has a Work in city or place where live of 29% which is ranked #1 of all places in the greater Olney CDP region. Comparing people who both work and live in the same city to the United States average of 44%, Olney CDP is approximately three-fourths the size. Also, benchmarked against the state of Maryland, people who both work and live in the same city of 27%, Olney CDP is 8.5% larger.

Olney CDP Maryland 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. Olney CDP indicates it has the hightest median earnings of $132,841 for the management, business, and financial occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Olney CDP depicts it has the hightest median earnings of $141,146 for the earnings-natural resources, construction, maintenance occupations category. The table in Figure 48, shows Olney CDP employment data in terms of job categories and salary data.

Olney CDP Maryland 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. Olney CDP shows it has the hightest entrepreneurs of 59% for the self employed management, business, science, and arts businesses classification.

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. Olney CDP shows it has the hightest entrepreneurs of 23% for the self employed in construction classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Olney CDP depicts it has a Self Employment Income of $44,303 which is the third most average annual self employment income of all other places in the greater Olney CDP region. The place with the highest average annual self employment income in the area is Ashton-Sandy Spring CDP which indicates an average annual self employment income of $70,802 (59.8% larger). Comparing average annual self employment income to the United States average of $42,141, Olney CDP is only about 5.1% larger. Also, compared to the state of Maryland, average annual self employment income of $43,688, Olney CDP is only slightly larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Olney CDP shows total number of self-employed men 25.0% larger as the total number of self-employed women.