Bacon township Missouri Income Charts

This section shows the Bacon township Missouri economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Bacon township shows it has a median earnings per worker of $35,556 which is the third most of all other places in the greater region. The city with the highest median earnings per worker in the area is Harwood which shows a median earnings of $38,750 (9.0% larger). Comparing median earnings per worker to the United States average of $47,712, Bacon township is approximately three-fourths the size. Also, in contrast to the state of Missouri, median earnings per worker of $42,474, Bacon township is about 19.5% 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 $41,359 which is the highest of all places in the greater Bacon township region. Comparing median household income to the United States average of $60,293, Bacon township is approximately three-fourths the size. Also, benchmarked against the state of Missouri, median household income of $53,560, Bacon township is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Bacon township metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 30.2% of the total and is ranked #2. The only larger city being Schell City with 44.9%. Second, it has one of the largest proportions of earnings between $10,000 and $14,999 at 10.1% of the total and is ranked #3. Only #2 Harwood (12.1%), and #1 Rockville (43.5%) are larger. Third, it has the second smallest as measured by median earnings of less than $10,000 of all the other places in the metro area in terms of earnings between $20,000 and $49,999 at 32.0% of the total. Also, it has the largest proportion of earnings of $100,000 more at 2.5% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 43.3 which is in the middle range of other places in the area. The city with the highest average hours in the area is Harwood which indicates an average hours of 64.7 (49.4% 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 $15.79 which is in the mid point range of other places in the surrounding region. The city with the highest average hourly earnings in the area is Appleton City which shows an average hourly earnings of $19.63 (24.3% larger). Comparing average hourly earnings to the United States average of $23.71, Bacon township is approximately three-fourths the size. Also, compared to the state of Missouri, average hourly earnings of $21.05, Bacon township is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Bacon township metro area based on the number of people who reported any self employment income. Bacon township shows it has a percentage of people self employed of 26.7% which is the second most people self employed of all the places in the greater Bacon township region. The city with the highest percentage of people self employed in the area is Harwood which shows a percentage self employed of 72.7% (approximately 2.7 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-25 to 44 years at $40,500 of the total and is ranked #3. Only #2 Harwood ($50,625), and #1 Appleton City ($67,763) are larger. Second, it has one of the largest proportions of median income-45 to 64 years at $39,844 of the total and is ranked #2. The only larger city being Appleton City with $51,625. Third, it has the largest proportion of median income-65 years and over at $44,808 of the total and is ranked #1.

Figure 9 breaks down the source of income and Bacon township has the largest proportion of self employment income at 18.5% 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 11.3% which is the second smallest in terms of households with retirement income of all the other places in the metropolitan area. The city with the highest households with retirement income in the area is Appleton City which depicts a households with retirement income of 23.3% (about twice as large).

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 $44,038 of the total and is ranked #2. The only larger city being Appleton City with $54,519. Second, it has one of the largest proportions of white family income at $44,038 of the total and is ranked #2. The only larger city being Appleton City with $62,750.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Bacon township shows it has the hightest cost of 108.1 for the cost of utilities grouping.

Bacon township Missouri 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 shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 10.5% to 3.8% in December 2019. This represents a decrease in the monthly unemployment rate of 63.8%. Since that time, the monthly unemployment rate has gone to 3.8% 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 depicts that from January 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 12,999 to 13,191 in November 2019. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 13,191 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 Bacon township depicts it has an unemployment rate of 2.8% which is less than most other places in the metro area. The city with the highest unemployment rate in the area is El Dorado Springs which shows a rate of 8.4% (approximately 3.0 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Bacon township shows it has a participation rate of 59.0% which is the second most participation rates of all the places in the greater Bacon township 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). Bacon township has the largest proportion of employed at 56.1% 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. Bacon township indicates full time employees approximately 3.0 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 Bacon township area. Bacon township depicts it has a families with a single earner of 44.8% which is the second most families with a single earner of all the places in the greater Bacon township region. The city with the highest families with a single earner in the area is Harwood which depicts a single earners rate of 86.7% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Bacon township indicates it has a families with no one working of 21.9% which is in the middle range of other places in the greater region. The city with the highest families with no one working in the area is Schell City which shows a families with no worker of 46.2% (about twice as large).

Bacon township Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Bacon township 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. Bacon township shows it has a total people earning less than the poverty level of 267 which is the second most total people earning less than the poverty level of all the places in the greater Bacon township region. The city with the highest total people earning less than the poverty level in the area is El Dorado Springs which shows a total people earning less than the poverty level of 834 (approximately 3.1 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Bacon township shows it has a percent of people earning less than the poverty level of 29.0% which is in the center range of other places in the surrounding region. The city with the highest percent of people earning less than the poverty level in the area is Rockville which shows a percent of people in poverty of 56.1% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Bacon township has the percentage of person in poverty under 12 years less than most other places in the local area at 21% of the total. Second, it has the largest proportion of person in poverty 12 to 17 years at 16% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Bacon township has the largest proportion of hispanicp poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Bacon township has one of the largest proportions of unmarried with children and in poverty at 60% of the total and is ranked #2. The only larger city being Schell City with 92%. Second, it has one of the largest proportions of unmarried male with children and in poverty at 86% of the total and is ranked #2. The only larger city being Schell City with 100%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Bacon township has one of the largest proportions of less than highschool in poverty at 51% of the total and is ranked #3. Only #2 El Dorado Springs (52%), and #1 Rockville (60%) are larger. Second, it has less than most other places in the local area when sorted by highschool graduate and in poverty at 18% of the total. Third, it has less than most other places in the local area in order of has some college and in poverty at 11% 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.) Bacon township depicts it has a households with public assistance of 7.7% which is the second smallest in order of households with public assistance of all the other places in the area. The city with the highest households with public assistance in the area is El Dorado Springs which shows a households with public assistance of 42.2% ( very much bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Bacon township shows it has a the gini index of 39.6% which is in the center range of other places in the area.

Bacon township Missouri 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 Bacon township 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.) Bacon township has the largest proportion of people who take public transportation 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 Bacon township or elsewhere.) Bacon township has the largest proportion of people who take the bus at 2% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Bacon township has the largest proportion of people who leave for work between 12am to 5am at 14% of the total and is ranked #1. Second, it has one of the largest proportions of people who leave for work between 5am to 530am at 14% of the total and is ranked #2. The only larger city being Schell City with 16%.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Bacon township has the percentage of people with commute time of less than 5 minutesutes less than most other places in the area at 8% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 21% of the total and is ranked #3. Only #2 Appleton City (24%), and #1 El Dorado Springs (27%) are larger. Third, it has in the mid range of other places in the local area in order of people with commute time between 10 to 14 minutes at 2% of the total. Also, it has one of the largest proportions of people with commute time between 15 to 19 minutes at 5% of the total and is ranked #3. Only #2 Walker (35%), and #1 Rockville (47%) are larger. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 22% of the total and is ranked #1.

The average commute time is shown in Figure 37. Bacon township shows it has an average commute time of 22 which is in the mid range of other places in the area. Figure 38 shows the difference between male versus female commuting time. Bacon township depicts average commute time in minutes for men 21.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Bacon township has one of the largest proportions of no vehicle available at 11% of the total and is ranked #2. The only larger city being Schell City with 13%. Second, it has the second smallest in terms of no vehicle available of all the other places in the local area as measured by 1 vehicle available at 3% of the total. Third, it has one of the largest proportions of 4 vehicles available at 16% of the total and is ranked #2. The only larger city being Rockville with 21%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Bacon township depicts it has a people who both work and live in the same city of 42% which is in the mid range of other places in the local area. The city with the highest people who both work and live in the same city in the area is Harwood which shows a people who both work and live in the same city of 64% (53.2% larger). Comparing people who both work and live in the same city to the United States average of 42%, Bacon township is about the same size. Also, compared to the state of Missouri, people who both work and live in the same city of 40%, Bacon township is only about 2.8% larger.

Bacon township Missouri 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. Bacon township shows it has the hightest median earnings of $45,227 for the management, business, and financial occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Bacon township shows it has the hightest median earnings of $35,924 for the earnings-sales and office occupations category. The table in Figure 48, shows Bacon township employment data in terms of job categories and salary data.

Bacon township Missouri 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. Bacon township depicts it has the hightest entrepreneurs of 65% for the self employed management, business, science, and arts 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. Bacon township depicts it has the hightest entrepreneurs of 65% for the self employed in agriculture, forestry, fishing and hunting, and mining grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Bacon township depicts it has an average annual self employment income of $33,399 which is more than all other places in the greater Bacon township region. Comparing average annual self employment income to the United States average of $37,819, Bacon township is about 13.2% smaller. Also, in contrast to the state of Missouri, average annual self employment income of $31,803, Bacon township is only about 5.0% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Bacon township shows total number of self-employed men quite a bit bigger as the total number of self-employed women.