Yarmouth Port CDP Massachusetts Income Charts

This section shows the Yarmouth Port 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, Yarmouth Port CDP shows it has a Median earnings of $65,948 which is the highest of all places in the greater Yarmouth Port CDP region. Comparing median earnings per worker to the United States average of $53,269, Yarmouth Port CDP is 23.8% larger. Also, versus the state of Massachusetts, median earnings per worker of $69,105, Yarmouth Port CDP is only about 4.8% 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 $90,428 which is the second most of all the places in the greater region. The place with the highest median household income in the area is Dennis CDP which depicts a median income of $105,508 (16.7% larger). Comparing median household income to the United States average of $69,021, Yarmouth Port CDP is 31.0% larger. Also, in comparison with the state of Massachusetts, median household income of $89,026, Yarmouth Port CDP is only slightly larger.

The next section examines a variety of different income statistics for the Yarmouth Port CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $15,000 and $19,999 at 21.9% of the total. Second, it has one of the largest proportions of earnings between $75,000 and $99,999 at 20.0% of the total and is ranked #2. The only larger place being Dennis CDP with 21.4%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.4 which is the highest of all places in the greater Yarmouth Port 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 $33.03 which is more than all other places in the greater Yarmouth Port CDP region. Comparing average hourly earnings to the United States average of $26.40, Yarmouth Port CDP is 25.1% larger. Also, compared to the state of Massachusetts, average hourly earnings of $34.97, Yarmouth Port CDP is about 5.9% smaller.

Figure 7 examines the number of self employed people in the Yarmouth Port CDP metro area based on the number of people who reported any self employment income. Yarmouth Port CDP depicts it has a Self Employed of 14.2% which is the second most people self employed of all the places in the greater Yarmouth Port CDP region. 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% (19.4% 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 $88,854 of the total and is ranked #3. Only #2 South Yarmouth CDP ($93,929), and #1 South Dennis CDP ($110,833) are larger. Second, it has one of the largest proportions of median income-25 to 44 years at $122,396 of the total and is ranked #3. Only #2 East Dennis CDP ($132,125), and #1 Dennis CDP ($139,583) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $69,799 of the total and is ranked #2. The only larger place being Dennis CDP with $95,577.

Figure 9 breaks down the source of income and Yarmouth Port CDP has the smallest proportion of investment and retirement income at 9.7% of the total.

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 46.8% which is the second most households with retirement income of all the places in the greater Yarmouth Port CDP region. The place with the highest households with retirement income in the area is East Dennis CDP which depicts a households with retirement income of 51.5% (10.0% larger).

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 $110,952 of the total and is ranked #3. Only #2 Dennis CDP ($118,889), and #1 East Dennis CDP ($134,219) 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. Yarmouth Port CDP shows it has the hightest cost of 171.9 for the cost of housing group.

Yarmouth Port 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 COVID-19 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 Yarmouth Port CDP indicates it has a Unemployment Rate of 1.1% which is the smallest in order of unemployment rate of all the other places in the metro area. The place with the highest unemployment rate in the area is South Yarmouth CDP which depicts a rate of 5.4% (approximately 4.9 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Yarmouth Port CDP shows it has a Labor Force Participation of 53.2% which is less than most other places in the local area.

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). Yarmouth Port CDP has the smallest proportion of employed at 1.1% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Yarmouth Port CDP 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 Yarmouth Port CDP area. Yarmouth Port CDP shows it has a Single Earner Families of 19.0% which is less than most other places in the metro area. The place with the highest families with a single earner in the area is West Dennis CDP which shows a single earners rate of 31.7% (66.9% larger). The percentage of families with no one working is depicted in Figure 22. Yarmouth Port CDP depicts it has a Families with No One Working of 39.0% which is the second most of all the places in the surrounding region. The place with the highest families with no one working in the area is East Dennis CDP which depicts a families with no worker of 44.1% (13.3% larger).

Yarmouth Port CDP Massachusetts Poverty Charts

The next section details economy analysis about poverty for residents of the Yarmouth Port 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. Yarmouth Port CDP depicts it has a Total In Poverty of 511 which is the second most total people earning less than the poverty level of all the places in the greater Yarmouth Port CDP region. The place with the highest total people earning less than the poverty level in the area is South Yarmouth CDP which depicts a total people earning less than the poverty level of 682 (33.5% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Yarmouth Port CDP depicts it has a Percent of Population In Poverty of 8.7% which is ranked #1 of all places in the greater Yarmouth Port CDP region.

In Figure 25 people who are in poverty are broken out by age group. Yarmouth Port CDP has the percentage of person in poverty 12 to 17 years the second smallest when ranked by person in poverty under 12 years of all the other places in the greater region at 8% of the total. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 39% of the total and is ranked #2. The only larger place being West Dennis CDP with 44%. Third, it has the second smallest in terms of person in poverty under 12 years of all the other places in the metro area in order of person in poverty 35 to 54 years at 4% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Yarmouth Port CDP has the percentage of married with children and in poverty less than most other places in the local area at 12% of the total. Second, it has the second smallest in order of married with children and in poverty of all the other places in the greater region when sorted by unmarried with children and in poverty at 23% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Yarmouth Port CDP has the largest proportion of highschool graduate and in poverty at 14% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Yarmouth Port CDP has one of the largest proportions of people who are in poverty and unemployed at 26.0% of the total and is ranked #2. The only larger place being West Dennis CDP with 32.7%. 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.) Yarmouth Port CDP depicts it has a Public Assistance Percent of 5.8% which is the second smallest in terms of 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 South Dennis CDP which shows a households with public assistance of 14.8% (approximately 2.6 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Yarmouth Port CDP depicts it has a Gini Index of 50.5% which is more than all other places in the greater Yarmouth Port CDP region.

Yarmouth Port 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 Yarmouth Port 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.) Yarmouth Port CDP has the largest proportion of people who take public transportation to work at 3% 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 Yarmouth Port CDP or elsewhere.) Yarmouth Port CDP has the percentage of people who drove alone the second smallest in terms of people who drove alone of all the other places in the surrounding region at 69% of the total. Second, it has the largest proportion of people who walked at 3% of the total and is ranked #1. Third, it has one of the largest proportions of people who work from home at 18% of the total and is ranked #2. The only larger place being Dennis CDP with 19%.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Yarmouth Port CDP has the percentage of people who leave for work between 12am to 5am the second smallest in terms of people who leave for work between 12am to 5am of all the other places in the local area at 1% of the total. Second, it has the largest proportion of people who leave for work between 830 am to 9am at 18% 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. Yarmouth Port CDP has the percentage of people with commute time of less than 5 minutesutes the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the greater region at 6% of the total. Second, it has the second smallest in order of people with commute time of less than 5 minutes of all the other places in the metro area when ranked by people with commute time between 5 to 9 minutes at 17% of the total. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 31% of the total and is ranked #1.

The average commute time is shown in Figure 37. Yarmouth Port CDP depicts it has a Avg Commute Time of 22 which is the third most of all other places in the local area. Figure 38 shows the difference between male versus female commuting time. Yarmouth Port CDP depicts average commute time in minutes for men 62.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Yarmouth Port CDP has the percentage of no vehicle available the second smallest when sorted by no vehicle available of all the other places in the surrounding region at 14% of the total. Second, it has one of the largest proportions of 1 vehicle available at 46% of the total and is ranked #2. The only larger place being South Dennis CDP with 54%. Third, it has the second smallest when ranked by no vehicle available of all the other places in the metro area when ranked by 3 vehicles available at 1% of the total. Also, it has one of the largest proportions of 4 vehicles available at 18% of the total and is ranked #2. The only larger place being West Dennis CDP with 27%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Yarmouth Port CDP shows it has a Work in city or place where live of 26% which is at the top of all other places in the greater Yarmouth Port CDP region. Comparing people who both work and live in the same city to the United States average of 44%, Yarmouth Port CDP is approximately three-fourths the size. Also, benchmarked against the state of Massachusetts, people who both work and live in the same city of 38%, Yarmouth Port CDP is approximately three-fourths the size.

Yarmouth Port 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. Yarmouth Port CDP shows it has the hightest median earnings of $111,719 for the earnings-computer, engineering, and science occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Yarmouth Port CDP depicts it has the hightest median earnings of $128,864 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Yarmouth Port CDP employment data in terms of job categories and salary data.

Yarmouth Port 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. Yarmouth Port CDP shows it has the hightest entrepreneurs of 58% for the self employed management, business, science, and arts businesses category.

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. Yarmouth Port CDP shows it has the hightest entrepreneurs of 51% for the self employed in professional, scientific, management, administrative services classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Yarmouth Port CDP depicts it has a Self Employment Income of $42,963 which is the second most average annual self employment income of all the places in the greater Yarmouth Port CDP region. The place with the highest average annual self employment income in the area is West Dennis CDP which shows an average annual self employment income of $80,451 (about twice as large). Comparing average annual self employment income to the United States average of $42,141, Yarmouth Port CDP is only slightly larger. Also, benchmarked against the state of Massachusetts, average annual self employment income of $49,004, Yarmouth Port CDP is about 14.1% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Yarmouth Port CDP shows total number of self-employed men about twice as large as the total number of self-employed women.