Walpole CDP Massachusetts Income Charts

This section shows the Walpole CDP Massachusetts economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Walpole CDP depicts it has a Median earnings of $90,000 which is the third most median earnings of all other places in the greater Walpole CDP region. The place with the highest median earnings per worker in the area is Medfield CDP which depicts a median earnings of $102,829 (14.3% larger). Comparing median earnings per worker to the United States average of $49,041, Walpole CDP is about twice as large. Also, in comparison with the state of Massachusetts, median earnings per worker of $62,972, Walpole CDP is 42.9% 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 $94,375 which is the third most median income of all other places in the greater Walpole CDP region. The place with the highest median household income in the area is Sharon CDP which shows a median income of $144,333 (52.9% larger). Comparing median household income to the United States average of $62,843, Walpole CDP is 50.2% larger. Also, in comparison with the state of Massachusetts, median household income of $81,215, Walpole CDP is 16.2% larger.

The next section examines a variety of different income statistics for the Walpole CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $10,000 and $14,999 at 2.3% 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 39.9 which is the most of all places in the greater Walpole CDP region. 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 $43.38 which is the third most average hourly earnings of all other places in the greater Walpole CDP region. The place with the highest average hourly earnings in the area is Medfield CDP which shows an average hourly earnings of $50.83 (17.2% larger). Comparing average hourly earnings to the United States average of $24.31, Walpole CDP is 78.5% larger. Also, measured against the state of Massachusetts, average hourly earnings of $31.87, Walpole CDP is 36.1% larger.

Figure 7 examines the number of self employed people in the Walpole CDP metro area based on the number of people who reported any self employment income. Walpole CDP depicts it has a Self Employed of 8.1% which is the second smallest when ranked by percentage of people self employed of all the other places in the local area. The place with the highest percentage of people self employed in the area is Sharon CDP which depicts a percentage self employed of 18.5% (approximately 2.3 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest when ranked by median income for those under 25 years of age of all the other places in the greater region at $93,359 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $123,929 of the total and is ranked #3. Only #2 Medfield CDP ($161,442), and #1 Sharon CDP ($171,250) are larger. Third, it has the smallest proportion of median income-45 to 64 years at $39,957 of the total.

Figure 9 breaks down the source of income and Walpole CDP has the largest proportion of income from wages at 6.7% 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 25.8% which is the largest of all places in the greater Walpole CDP region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $150,227 of the total and is ranked #3. Only #2 Sharon CDP ($161,000), and #1 Medfield CDP ($164,359) are larger. Second, it has the largest proportion of white family income at $122,125 of the total and is ranked #1. Third, it has one of the largest proportions of american indian family income at $153,750 of the total and is ranked #3. Only #2 Sharon CDP ($167,989), and #1 Foxborough CDP ($250,001) 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. Walpole CDP depicts it has the hightest cost of 170.4 for the cost of housing category.

Walpole CDP Massachusetts 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 indicates that from February 2006 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 4.8% to 3.5% in February 2020. This represents a decrease in the monthly unemployment rate of 27.1%. Since that time, the monthly unemployment rate has gone to 6.2% This represents an increase in the monthly unemployment rate of 77.1%. 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 virus Pandemic the monthly labor force participation went from 12,376 to 13,699 in February 2020. This represents an increase in the monthly labor force participation of 10.7%. Since that time, the monthly labor force participation has gone to 12,933 This represents a decrease in the monthly labor force participation of 5.6%.

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 Walpole CDP depicts it has a Unemployment Rate of 2.0% which is less than most other places in the metro area. The place with the highest unemployment rate in the area is Foxborough CDP which indicates a rate of 4.3% (approximately 2.2 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Walpole CDP depicts it has a Labor Force Participation of 67.9% which is less than most other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Walpole CDP shows full time employees approximately 2.9 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 Walpole CDP area. Walpole CDP indicates it has a Single Earner Families of 24.6% which is the third most families with a single earner of all other places in the greater Walpole CDP region. The place with the highest families with a single earner in the area is Millis-Clicquot CDP which shows a single earners rate of 32.9% (33.4% larger). The percentage of families with no one working is depicted in Figure 22. Walpole CDP depicts it has a Families with No One Working of 14.0% which is the highest of all places in the local area.

Walpole CDP Massachusetts Poverty Charts

The next section details economy analysis about poverty for residents of the Walpole 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. Walpole CDP depicts it has a Total In Poverty of 258 which is less than most other places in the metro area. The place with the highest total people earning less than the poverty level in the area is Norwood CDP which depicts a total people earning less than the poverty level of 2,350 ( 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. Walpole CDP depicts it has a Percent of Population In Poverty of 4.2% which is the third most percent of people earning less than the poverty level of all other places in the greater Walpole CDP region. The place with the highest percent of people earning less than the poverty level in the area is Foxborough CDP which depicts a percent of people in poverty of 10.8% (approximately 2.6 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Walpole CDP has the smallest proportion of person in poverty 18 to 34 years at 17% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Walpole CDP has the largest proportion of less than highschool in poverty at 16% 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.) Walpole CDP depicts it has a Public Assistance Percent of 5.3% which is in the mid point range of other places in the local area. The place with the highest households with public assistance in the area is Foxborough CDP which depicts a households with public assistance of 15.2% (approximately 2.9 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Walpole CDP shows it has a Gini Index of 46.0% which is the third most the gini index of all other places in the greater Walpole CDP region.

Walpole CDP Massachusetts Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Walpole CDP or elsewhere.) Walpole CDP has the largest proportion of people who take a Subway or elevated rail at 4% of the total and is ranked #1. Second, it has the largest proportion of people who take Light rail, streetcar or trolley at 0% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Walpole CDP has the smallest proportion of people who leave for work between 7am to 730am at 10% of the total. Second, it has the smallest proportion of people who leave for work between 830 am to 9am at 5% of the total. Third, it has the largest proportion of people who leave for work between 11am to 12noon 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. Walpole CDP has the percentage of people with commute time between 5 to 9 minutes less than most other places in the local area at 5% of the total. Second, it has the smallest proportion of people with commute time between 15 to 19 minutes at 3% of the total. Third, it has the largest proportion of people with commute time between 60 to 89 minutes at 12% of the total and is ranked #1.

The average commute time is shown in Figure 37. Walpole CDP depicts it has a Avg Commute Time of 43 which is the highest of all places in the greater Walpole CDP region. Figure 38 shows the difference between male versus female commuting time. Walpole CDP shows average commute time in minutes for men 29.9% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Walpole CDP has one of the largest proportions of no vehicle available at 23% of the total and is ranked #3. Only #2 Millis-Clicquot CDP (24%), and #1 Foxborough CDP (38%) are larger. Second, it has in the mid range of other places in the local area when ranked by 1 vehicle available at 48% of the total. Third, it has the largest proportion of 4 vehicles available at 2% 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.) Walpole CDP shows it has a Work in city or place where live of 13% which is the second smallest in order of people who both work and live in the same city of all the other places in the surrounding region. The place with the highest people who both work and live in the same city in the area is Millis-Clicquot CDP which shows a people who both work and live in the same city of 25% (about twice as large). Comparing people who both work and live in the same city to the United States average of 42%, Walpole CDP is approximately a third the size. Also, in comparison with the state of Massachusetts, people who both work and live in the same city of 34%, Walpole CDP is approximately a third the size.

Walpole 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. Walpole CDP depicts it has the hightest median earnings of $250,001 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Walpole CDP depicts it has the hightest median earnings of $112,740 for the earnings-healthcare practitioners and tech occupations group. The table in Figure 48, shows Walpole CDP employment data in terms of job categories and salary data.

Walpole 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. Walpole CDP depicts it has the hightest entrepreneurs of 33% for the self employed management, business, science, and arts 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. Walpole CDP shows it has the hightest entrepreneurs of 41% for the self employed in arts, entertainment, recreation, accommodation and food services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Walpole CDP depicts it has a Self Employment Income of $97,533 which is ranked #1 of all places in the metro area. Comparing average annual self employment income to the United States average of $39,154, Walpole CDP is approximately 2.5 times bigger. Also, benchmarked against the state of Massachusetts, average annual self employment income of $45,741, Walpole CDP is about twice as large.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Walpole CDP indicates total number of self-employed men approximately 2.7 times bigger as the total number of self-employed women.