Excelsior Estates Missouri Income Charts

This section shows the Excelsior Estates Missouri economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Excelsior Estates shows it has a Median earnings of $37,500 which is the smallest in order of median earnings per worker of all the other places in the surrounding region. The city with the highest median earnings per worker in the area is Wood Heights which shows a median earnings of $53,021 (41.4% larger). Comparing median earnings per worker to the United States average of $49,041, Excelsior Estates is approximately three-fourths the size. Also, compared to the state of Missouri, median earnings per worker of $44,279, Excelsior Estates is about 18.1% 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 $39,583 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 Wood Heights which shows a median income of $71,136 (79.7% larger). Comparing median household income to the United States average of $62,843, Excelsior Estates is approximately three-fourths the size. Also, measured against the state of Missouri, median household income of $55,461, Excelsior Estates is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Excelsior Estates metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 9.3% of the total and is ranked #2. The only larger city being Prathersville with 13.0%. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 16.3% of the total and is ranked #1. Third, it has the second smallest when ranked by median earnings of less than $10,000 of all the other places in the greater region when ranked by earnings between $15,000 and $19,999 at 29.1% 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 40.4 which is the second most average hours of all the places in the greater Excelsior Estates region. The city with the highest average hours in the area is Wood Heights which depicts an average hours of 42.2 (only about 4.5% 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 $17.85 which is the smallest when ranked by average hourly earnings of all the other places in the local area. The city with the highest average hourly earnings in the area is Wood Heights which depicts an average hourly earnings of $24.16 (35.4% larger). Comparing average hourly earnings to the United States average of $24.31, Excelsior Estates is approximately three-fourths the size. Also, versus the state of Missouri, average hourly earnings of $21.89, Excelsior Estates is about 22.6% smaller.

Figure 7 examines the number of self employed people in the Excelsior Estates metro area based on the number of people who reported any self employment income. Excelsior Estates depicts it has a Self Employed of 2.7% which is the smallest in order of percentage of people self employed of all the other places in the greater region. The city with the highest percentage of people self employed in the area is Homestead which indicates a percentage self employed of 11.1% (approximately 4.1 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 in terms of median income for those under 25 years of age of all the other places in the metro area at $56,875 of the total. Second, it has less than most other places in the metro area in order of median income-25 to 44 years at $51,250 of the total. Third, it has the second smallest when ranked by median income for those under 25 years of age of all the other places in the greater region when sorted by median income-45 to 64 years at $31,250 of the total.

Figure 9 breaks down the source of income and Excelsior Estates has the largest proportion of investment and retirement income at 15.5% 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 With Retirement Income of 23.0% which is in the center range of other places in the metro area. The city with the highest households with retirement income in the area is Lawson which shows a households with retirement income of 30.7% (33.6% larger).

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 $51,250 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. Excelsior Estates shows it has the hightest cost of 96.0 for the cost of miscellaneous items category.

Excelsior Estates 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 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 8.3% to 3.0% in February 2020. This represents a decrease in the monthly unemployment rate of 63.9%. Since that time, the monthly unemployment rate has gone to 3.8% This represents an increase in the monthly unemployment rate of 26.7%. 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 disasterous Coronavirus Pandemic the monthly labor force participation went from 15,137 to 16,642 in February 2020. This represents an increase in the monthly labor force participation of 9.9%. Since that time, the monthly labor force participation has gone to 15,915 This represents a decrease in the monthly labor force participation of 4.4%.

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 Excelsior Estates shows it has a Unemployment Rate of 5.7% which is more than all other places in the greater Excelsior Estates region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Excelsior Estates depicts it has a Labor Force Participation of 57.9% which is the second smallest as measured by participation rate of all the other places in the greater 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). Excelsior Estates has the largest proportion of employed at 5.7% 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. Excelsior Estates depicts full time employees very much 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 Excelsior Estates area. Excelsior Estates shows it has a Single Earner Families of 46.7% which is the largest of all places in the greater Excelsior Estates region. The percentage of families with no one working is depicted in Figure 22. Excelsior Estates shows it has a Families with No One Working of 16.7% which is in the center range of other places in the local area. The city with the highest families with no one working in the area is Crystal Lakes which depicts a families with no worker of 23.8% (42.9% larger).

Excelsior Estates Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Excelsior Estates 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. Excelsior Estates shows it has a Total In Poverty of 50 which is the third most total people earning less than the poverty level of all other places in the greater Excelsior Estates region. The city with the highest total people earning less than the poverty level in the area is Excelsior Springs which depicts a total people earning less than the poverty level of 1,323 ( 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. Excelsior Estates shows it has a Percent of Population In Poverty of 21.9% which is ranked #1 of all places in the greater Excelsior Estates region.

In Figure 25 people who are in poverty are broken out by age group. Excelsior Estates has the percentage of person in poverty 55 to 64 years the second smallest as measured by person in poverty under 12 years of all the other places in the area at 4% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Excelsior Estates has one of the largest proportions of unmarried with children and in poverty at 57% of the total and is ranked #2. The only larger city being Prathersville with 100%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Excelsior Estates has one of the largest proportions of less than highschool in poverty at 15% of the total and is ranked #2. The only larger city being Homestead with 22%. Second, it has the largest proportion of highschool graduate and in poverty at 38% of the total and is ranked #1. Third, it has the largest proportion of has some college and in poverty at 33% 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.) Excelsior Estates depicts it has a Public Assistance Percent of 10.8% which is the third most households with public assistance of all other places in the greater Excelsior Estates region. The city with the highest households with public assistance in the area is Homestead which shows a households with public assistance of 16.7% (54.2% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Excelsior Estates depicts it has a Gini Index of 32.8% which is less than most other places in the surrounding region.

Excelsior Estates Missouri Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Excelsior Estates or elsewhere.) Excelsior Estates has the smallest proportion of people who drove alone at 81% of the total. Second, it has the largest proportion of people who carpooled at 19% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Excelsior Estates has the percentage of people who leave for work between 12am to 5am less than most other places in the local area at 2% of the total. Second, it has the largest proportion of people who leave for work between 5am to 530am at 33% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 530 am to 6am at 16% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 6am to 630am at 20% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 630 am to 7am at 1% of the total. Furthermore, it has the smallest proportion of people who leave for work between 730 am to 8am at 1% of the total. Next it has the smallest proportion of people who leave for work between 12noon to 4pm at 6% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Excelsior Estates has the smallest proportion of people with commute time between 5 to 9 minutes at 5% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 35% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 17% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 25 to 29 minutes at 5% of the total. In addition, it has the smallest proportion of people with commute time between 45 to 59 minutes at 2% of the total.

The average commute time is shown in Figure 37. Excelsior Estates depicts it has a Avg Commute Time of 25 which is the second smallest as measured by average commute time of all the other places in the area. Figure 38 shows the difference between male versus female commuting time. Excelsior Estates shows average commute time in minutes for men 62.0% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Excelsior Estates has one of the largest proportions of no vehicle available at 19% of the total and is ranked #2. The only larger city being Excelsior Springs with 23%. Second, it has the largest proportion of 1 vehicle available at 49% of the total and is ranked #1. Third, it has the second smallest when ranked by no vehicle available of all the other places in the metro area when ranked by 2 vehicles available at 10% of the total. Also, it has one of the largest proportions of 3 vehicles available at 22% of the total and is ranked #2. The only larger city being Homestead with 23%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Excelsior Estates shows it has a Work in city or place where live of 2% which is less than most other places in the greater region. The city with the highest people who both work and live in the same city in the area is Excelsior Springs which shows a people who both work and live in the same city of 40% ( substantially bigger). Comparing people who both work and live in the same city to the United States average of 42%, Excelsior Estates is only about 5.8% the size. Also, measured against the state of Missouri, people who both work and live in the same city of 40%, Excelsior Estates is only about 6.0% the size.

Excelsior Estates 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. Excelsior Estates indicates it has the hightest median earnings of $51,250 for the earnings-sales and office occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Excelsior Estates depicts it has the hightest median earnings of $25,893 for the earnings-sales and office occupations group. The table in Figure 48, shows Excelsior Estates employment data in terms of job categories and salary data.