Cedar Hill Lakes Missouri Income Charts

This section shows the Cedar Hill Lakes Missouri economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Cedar Hill Lakes shows it has a Median earnings of $48,333 which is in the center range of other places in the metro area. The city with the highest median earnings per worker in the area is LaBarque Creek CDP which shows a median earnings of $75,476 (56.2% larger). Comparing median earnings per worker to the United States average of $49,041, Cedar Hill Lakes is about the same size. Also, compared with the state of Missouri, median earnings per worker of $44,279, Cedar Hill Lakes is 9.2% 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 $51,875 which is the smallest when ranked by median household income of all the other places in the metropolitan area. The city with the highest median household income in the area is LaBarque Creek CDP which depicts a median income of $100,167 (about twice as large). Comparing median household income to the United States average of $62,843, Cedar Hill Lakes is about 21.1% smaller. Also, compared with the state of Missouri, median household income of $55,461, Cedar Hill Lakes is about 6.9% smaller.

The next section examines a variety of different income statistics for the Cedar Hill Lakes metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 2.5% of the total. Second, it has one of the largest proportions of earnings between $15,000 and $19,999 at 39.5% of the total and is ranked #2. The only larger city being Lake Tekakwitha with 39.8%. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 37.8% 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 a Avg Hours Worked of 39.1 which is the third most average hours of all other places in the greater Cedar Hill Lakes region. The city with the highest average hours in the area is Hillsboro which depicts an average hours of 39.4 ( about the same size). 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 $23.77 which is in the middle range of other places in the local area. The city with the highest average hourly earnings in the area is LaBarque Creek CDP which depicts an average hourly earnings of $38.00 (59.8% larger). Comparing average hourly earnings to the United States average of $24.31, Cedar Hill Lakes is only about 2.2% smaller. Also, benchmarked against the state of Missouri, average hourly earnings of $21.89, Cedar Hill Lakes is 8.6% larger.

Figure 7 examines the number of self employed people in the Cedar Hill Lakes metro area based on the number of people who reported any self employment income. Cedar Hill Lakes shows it has a Self Employed of 3.4% which is the smallest in order of percentage of people self employed of all the other places in the metro area. The city with the highest percentage of people self employed in the area is Scotsdale which depicts a percentage self employed of 15.7% (approximately 4.7 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the smallest proportion of median income-25 to 44 years at $49,688 of the total. Second, it has less than most other places in the area when sorted by median income-45 to 64 years at $42,344 of the total.

Figure 9 breaks down the source of income and Cedar Hill Lakes has the smallest proportion of income from wages at 0.7% of the total. Second, it has the largest proportion of self employment income at 15.3% of the total and is ranked #1. Third, it has the largest proportion of investment and retirement income at 14.7% of the total and is ranked #1. Also, it has the largest proportion of social security at 2.4% 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 35.3% which is the most of all places in the greater Cedar Hill Lakes region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $65,893 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Cedar Hill Lakes depicts it has the hightest cost of 100.8 for the cost of healthcare aggregate.

Cedar Hill Lakes 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 depicts that from February 2006 to before the 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 shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 18,532 to 19,080 in February 2020. This represents an increase in the monthly labor force participation of 3.0%. Since that time, the monthly labor force participation has gone to 18,597 This represents a decrease in the monthly labor force participation of 2.5%.

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 Cedar Hill Lakes depicts it has a Unemployment Rate of 4.8% which is more than all other places in the metro area. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Cedar Hill Lakes shows it has a Labor Force Participation of 48.5% which is the smallest as measured by participation rate of all the other places in the 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). Cedar Hill Lakes has the largest proportion of employed at 4.8% of the total and is ranked #1. Second, it has the largest proportion of unemployed at 51.5% 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. Cedar Hill Lakes depicts full time employees approximately 4.2 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 Cedar Hill Lakes area. Cedar Hill Lakes shows it has a Single Earner Families of 50.9% which is more than all other places in the greater Cedar Hill Lakes region. The percentage of families with no one working is depicted in Figure 22. Cedar Hill Lakes depicts it has a Families with No One Working of 30.9% which is at the top of all other places in the greater Cedar Hill Lakes region.

Cedar Hill Lakes Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Cedar Hill Lakes 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. Cedar Hill Lakes shows it has a Total In Poverty of 16 which is less than most other places in the surrounding region. The city with the highest total people earning less than the poverty level in the area is Hillsboro which depicts a total people earning less than the poverty level of 329 ( quite a bit bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Cedar Hill Lakes shows it has a Percent of Population In Poverty of 6.3% which is in the mid point range of other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Hillsboro which depicts a percent of people in poverty of 12.3% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Cedar Hill Lakes has the largest proportion of person in poverty 18 to 34 years at 69% of the total and is ranked #1. Second, it has in the mid point range of other places in the local area when sorted by person in poverty 35 to 54 years at 6% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Cedar Hill Lakes has one of the largest proportions of married with children and in poverty at 33% of the total and is ranked #2. The only larger city being Hillsboro with 45%. Second, it has one of the largest proportions of unmarried with children and in poverty at 33% of the total and is ranked #3. Only #2 Cedar Hill CDP (47%), and #1 Hillsboro (56%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Cedar Hill Lakes has the largest proportion of highschool graduate and in poverty at 16% 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. Cedar Hill Lakes has the largest proportion of people who are in poverty and employed at 6.2% of the total and is ranked #1. Second, it has one of the largest proportions of people who are in poverty and unemployed at 56.2% of the total and is ranked #2. The only larger city being LaBarque Creek CDP with 100.0%. 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.) Cedar Hill Lakes depicts it has a Public Assistance Percent of 9.2% which is the third most households with public assistance of all other places in the greater Cedar Hill Lakes region. The city with the highest households with public assistance in the area is Hillsboro which depicts a households with public assistance of 13.3% (43.9% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Cedar Hill Lakes shows it has a Gini Index of 32.4% which is less than most other places in the greater region.

Cedar Hill Lakes 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 Cedar Hill Lakes 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.) Cedar Hill Lakes has the largest proportion of people who drive a car or motorcycle to work at 1% 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 Cedar Hill Lakes or elsewhere.) Cedar Hill Lakes has the largest proportion of people who carpooled at 12% of the total and is ranked #1. Second, it has the largest proportion of people who take the bus at 1% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Cedar Hill Lakes has the largest proportion of people who leave for work between 5am to 530am at 13% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 530 am to 6am at 26% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 6am to 630am at 7% of the total. Also, it has the smallest proportion of people who leave for work between 630 am to 7am at 9% of the total. In addition, it has the largest proportion of people who leave for work between 10am to 11am at 2% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who leave for work between 12noon to 4pm 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. Cedar Hill Lakes has the percentage of people with commute time of less than 5 minutesutes less than most other places in the metro area at 2% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 11% of the total and is ranked #2. The only larger city being Lake Tekakwitha with 12%. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 6% of the total. Also, it has the largest proportion of people with commute time between 45 to 59 minutes at 20% of the total and is ranked #1.

The average commute time is shown in Figure 37. Cedar Hill Lakes depicts it has a Avg Commute Time of 37 which is the third most average commute time of all other places in the greater Cedar Hill Lakes region. Figure 38 shows the difference between male versus female commuting time. Cedar Hill Lakes depicts average commute time in minutes for men about 23.1% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Cedar Hill Lakes has one of the largest proportions of no vehicle available at 29% of the total and is ranked #2. The only larger city being Cedar Hill CDP with 30%. Second, it has the second smallest when ranked by no vehicle available of all the other places in the metropolitan area as measured by 1 vehicle available at 33% of the total. Third, it has the second smallest when sorted by no vehicle available of all the other places in the local area when ranked by 4 vehicles available at 4% of the total.

Cedar Hill Lakes 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. Cedar Hill Lakes depicts it has the hightest median earnings of $57,917 for the earnings-sales and office occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Cedar Hill Lakes depicts it has the hightest median earnings of $56,563 for the earnings-sales and office occupations classification. The table in Figure 48, shows Cedar Hill Lakes employment data in terms of job categories and salary data.

Cedar Hill Lakes 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. Cedar Hill Lakes shows it has the hightest entrepreneurs of 100% for the self employed in sales and office related businesses group.

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. Cedar Hill Lakes depicts it has the hightest entrepreneurs of 100% for the self employed in retail trade group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Cedar Hill Lakes depicts it has a Self Employment Income of $11,900 which is the smallest when sorted by average annual self employment income of all the other places in the local area. The city with the highest average annual self employment income in the area is Cedar Hill CDP which depicts an average annual self employment income of $49,867 (approximately 4.2 times bigger). Comparing average annual self employment income to the United States average of $39,154, Cedar Hill Lakes is approximately a third the size. Also, compared to the state of Missouri, average annual self employment income of $33,069, Cedar Hill Lakes is approximately a third the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Cedar Hill Lakes depicts total number of self-employed men about the same size as the total number of self-employed women.