South Yarmouth CDP Massachusetts Income Charts

This section shows the South Yarmouth CDP Massachusetts economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, South Yarmouth CDP shows it has a Median earnings of $56,287 which is less than most other places in the metro area. The place with the highest median earnings per worker in the area is Yarmouth Port CDP which shows a median earnings of $65,948 (17.2% larger). Comparing median earnings per worker to the United States average of $53,269, South Yarmouth CDP is only about 5.7% larger. Also, in contrast to the state of Massachusetts, median earnings per worker of $69,105, South Yarmouth CDP is about 22.8% 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 $72,759 which is in the mid range of other places in the metro area. The place with the highest median household income in the area is Dennis CDP which shows a median income of $105,508 (45.0% larger). Comparing median household income to the United States average of $69,021, South Yarmouth CDP is only about 5.4% larger. Also, versus the state of Massachusetts, median household income of $89,026, South Yarmouth CDP is about 22.4% smaller.

The next section examines a variety of different income statistics for the South Yarmouth CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $10,000 and $14,999 at 4.0% of the total. Second, it has the smallest proportion of earnings between $75,000 and $99,999 at 6.3% 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 36.9 which is less than most other places in the local area. The place with the highest average hours in the area is Dennis Port CDP which indicates an average hours of 40.4 (9.5% 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 $29.33 which is in the mid point range of other places in the greater region. The place with the highest average hourly earnings in the area is Yarmouth Port CDP which depicts an average hourly earnings of $33.03 (12.6% larger). Comparing average hourly earnings to the United States average of $26.40, South Yarmouth CDP is 11.1% larger. Also, in contrast to the state of Massachusetts, average hourly earnings of $34.97, South Yarmouth CDP is about 19.2% smaller.

Figure 7 examines the number of self employed people in the South Yarmouth CDP metro area based on the number of people who reported any self employment income. South Yarmouth CDP shows it has a Self Employed of 13.1% which is in the mid range of other places in the metro area. The place with the highest percentage of people self employed in the area is West Yarmouth CDP which depicts a percentage self employed of 17.0% (29.1% 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 $93,929 of the total and is ranked #2. The only larger place being South Dennis CDP with $110,833. Second, it has one of the largest proportions of median income-25 to 44 years at $86,500 of the total and is ranked #3. Only #2 Yarmouth Port CDP ($122,396), and #1 Dennis CDP ($139,583) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $61,900 of the total and is ranked #3. Only #2 Yarmouth Port CDP ($69,799), and #1 Dennis CDP ($95,577) 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 38.9% which is the third most households with retirement income of all other places in the greater South Yarmouth CDP region. The place with the highest households with retirement income in the area is Yarmouth Port CDP which depicts a households with retirement income of 46.8% (20.2% 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 less than most other places in the local area at $87,392 of the total. Second, it has the largest proportion of white family income at $93,964 of the total and is ranked #1. Third, it has the largest proportion of hawaiian family income at $205,100 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. South Yarmouth CDP depicts it has the hightest cost of 146.0 for the cost of housing category.

South Yarmouth CDP Massachusetts 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 depicts that from January 2017 to before the Coronavirus Pandemic it went from 4.8% to 4.4% in March 2020. This represents a decrease in the monthly unemployment rate of 8.3%. Since that time, the monthly unemployment rate has gone to 3.5%. This represents a decrease in the monthly unemployment rate of 20.5%. 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 Coronavirus Pandemic it went from 11,355 to 11,822 in November 2019. This represents an increase in the monthly labor force participation of 4.1%. Since that time, the monthly labor force participation has gone to 11,822. 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 South Yarmouth CDP shows it has a Unemployment Rate of 5.4% which is the largest of all places in the greater South Yarmouth CDP region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. South Yarmouth CDP depicts it has a Labor Force Participation of 59.4% which is the second most participation rates of all the places in the greater South Yarmouth CDP region.

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). South Yarmouth CDP has the largest proportion of employed at 5.4% 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. South Yarmouth CDP shows full time employees approximately 2.8 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 South Yarmouth CDP area. South Yarmouth CDP depicts it has a Single Earner Families of 28.7% which is the third most families with a single earner of all other places in the greater South Yarmouth CDP region. The place with the highest families with a single earner in the area is West Dennis CDP which depicts a single earners rate of 31.7% (10.4% larger). The percentage of families with no one working is depicted in Figure 22. South Yarmouth CDP depicts it has a Families with No One Working of 31.8% which is less than most other places in the metro area. The place with the highest families with no one working in the area is Yarmouth Port CDP which shows a families with no worker of 39.0% (22.5% larger).

South Yarmouth CDP Massachusetts Poverty Charts

The next section details economy analysis about poverty for residents of the South Yarmouth 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. South Yarmouth CDP depicts it has a Total In Poverty of 682 which is the most of all places in the local area.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. South Yarmouth CDP indicates it has a Percent of Population In Poverty of 5.9% which is the smallest as measured by percent of people earning less than the poverty level of all the other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is Dennis Port CDP which depicts a percent of people in poverty of 19.0% (approximately 3.2 times bigger).

In Figure 25 people who are in poverty are broken out by age group. South Yarmouth CDP has the largest proportion of person in poverty 12 to 17 years at 30% of the total and is ranked #1. Second, it has less than most other places in the local area as measured by person in poverty 18 to 34 years at 17% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. South Yarmouth CDP has the largest proportion of american indian poverty rate at 3% of the total and is ranked #1. Second, it has one of the largest proportions of hawaiian poverty rate at 4% of the total and is ranked #3. Only #2 Dennis Port CDP (62%), and #1 Dennis CDP (100%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. South Yarmouth CDP has the smallest proportion of less than highschool in poverty at 3% 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.) South Yarmouth CDP depicts it has a Public Assistance Percent of 9.5% which is the third most of all other places in the local area. The place with the highest households with public assistance in the area is South Dennis CDP which shows a households with public assistance of 14.8% (55.7% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). South Yarmouth CDP indicates it has a Gini Index of 42.4% which is less than most other places in the metropolitan area.

South Yarmouth CDP Massachusetts 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 South Yarmouth 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.) South Yarmouth CDP has the largest proportion of people who drive a car or motorcycle to work at 2% 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 South Yarmouth CDP or elsewhere.) South Yarmouth CDP has the largest proportion of people who drove alone at 83% of the total and is ranked #1. Second, it has the largest proportion of people who take the ferry at 1% of the total and is ranked #1. Third, it has the second smallest when sorted by people who drove alone of all the other places in the local area as measured by people who work from home at 3% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. South Yarmouth CDP has the largest proportion of people who leave for work between 12am to 5am at 4% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 7am to 730am at 21% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 8am to 830am at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. South Yarmouth CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 14% of the total and is ranked #2. The only larger place being West Yarmouth CDP with 15%.

The average commute time is shown in Figure 37. South Yarmouth CDP shows it has a Avg Commute Time of 21 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. South Yarmouth CDP shows average commute time in minutes for men 15.9% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and South Yarmouth CDP has the percentage of no vehicle available less than most other places in the greater region at 19% of the total. Second, it has the second smallest in terms of no vehicle available of all the other places in the metro area when ranked by 2 vehicles available at 16% of the total. Third, it has one of the largest proportions of 3 vehicles available at 12% of the total and is ranked #2. The only larger place being West Yarmouth CDP with 14%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) South Yarmouth CDP shows it has a Work in city or place where live of 20% which is less than most other places in the local area. The place with the highest people who both work and live in the same city in the area is Yarmouth Port CDP which depicts a people who both work and live in the same city of 26% (30.8% larger). Comparing people who both work and live in the same city to the United States average of 44%, South Yarmouth CDP is approximately half the size. Also, compared to the state of Massachusetts, people who both work and live in the same city of 38%, South Yarmouth CDP is approximately half the size.

South Yarmouth CDP Massachusetts 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. South Yarmouth CDP depicts it has the hightest median earnings of $133,173 for the management, business, and financial occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and South Yarmouth CDP depicts it has the hightest median earnings of $82,197 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows South Yarmouth CDP employment data in terms of job categories and salary data.

South Yarmouth CDP Massachusetts 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. South Yarmouth CDP shows it has the hightest entrepreneurs of 44% for the self employed in natural resources, construction, and maintenance businesses grouping.

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. South Yarmouth CDP shows it has the hightest entrepreneurs of 25% for the self employed in retail trade group.

In Figure 51 the average annual self employment/entrepreneur income is shown. South Yarmouth CDP depicts it has a Self Employment Income of $27,115 which is the second smallest in order of average annual self employment income of all the other places in the metro area. The place with the highest average annual self employment income in the area is West Dennis CDP which depicts an average annual self employment income of $80,451 (approximately 3.0 times bigger). Comparing average annual self employment income to the United States average of $42,141, South Yarmouth CDP is approximately three-fourths the size. Also, compared with the state of Massachusetts, average annual self employment income of $49,004, South Yarmouth CDP is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) South Yarmouth CDP depicts total number of self-employed men very much bigger as the total number of self-employed women.