Grantwood Village Missouri Income Charts

This section shows the Grantwood Village Missouri economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Grantwood Village shows it has a median earnings per worker of $83,864 which is the highest of all places in the greater Grantwood Village region. Comparing median earnings per worker to the United States average of $47,712, Grantwood Village is 75.8% larger. Also, versus the state of Missouri, median earnings per worker of $42,474, Grantwood Village is about twice as large.

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 $124,375 which is the highest of all places in the greater Grantwood Village region. Comparing median household income to the United States average of $60,293, Grantwood Village is about twice as large. Also, compared to the state of Missouri, median household income of $53,560, Grantwood Village is approximately 2.3 times bigger.

The next section examines a variety of different income statistics for the Grantwood Village metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 16.0% of the total and is ranked #1. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 4.4% of the total. Third, it has the smallest proportion of earnings between $20,000 and $49,999 at 14.9% of the total. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 14.4% of the total and is ranked #1. In addition, it has the largest proportion of earnings of $100,000 more at 26.2% 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 37.5 which is the smallest in order of average hours of all the other places in the greater region. The city with the highest average hours in the area is Affton CDP which depicts an average hours of 39.0 (only about 4.0% 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 $43.01 which is at the top of all other places in the greater Grantwood Village region. Comparing average hourly earnings to the United States average of $23.71, Grantwood Village is about twice as large. Also, versus the state of Missouri, average hourly earnings of $21.05, Grantwood Village is about twice as large.

Figure 7 examines the number of self employed people in the Grantwood Village metro area based on the number of people who reported any self employment income. Grantwood Village shows it has a percentage of people self employed of 12.6% which is more than all other places in the greater Grantwood Village region.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-25 to 44 years at $157,083 of the total and is ranked #1. Second, it has the largest proportion of median income-45 to 64 years at $149,792 of the total and is ranked #1. Third, it has the largest proportion of median income-65 years and over at $55,673 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 24.1% which is the second most households with retirement income of all the places in the greater Grantwood Village region. The city with the highest households with retirement income in the area is Crestwood which shows a households with retirement income of 24.7% ( only slightly larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $139,583 of the total and is ranked #1. Second, it has the largest proportion of white family income at $140,500 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Grantwood Village depicts it has the hightest cost of 171.4 for the cost of housing group.

Grantwood Village 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 January 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 6.6% to 2.6% in March 2020. This represents a decrease in the monthly unemployment rate of 60.6%. Since that time, the monthly unemployment rate has gone to 5.2% This represents an increase in the monthly unemployment rate of 100.0%. 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 January 2010 to before the Coronavirus Pandemic the monthly labor force participation went from 15,442 to 16,233 in March 2020. This represents an increase in the monthly labor force participation of 5.1%. Since that time, the monthly labor force participation has gone to 15,836 This represents a decrease in the monthly labor force participation of 2.4%.

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 Grantwood Village shows it has an unemployment rate of 2.7% which is less than most other places in the greater region. The city with the highest unemployment rate in the area is Marlborough village which shows a rate of 3.8% (39.7% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Grantwood Village shows it has a participation rate of 64.4% which is the smallest in terms of participation rate of all the other places in the surrounding 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). Grantwood Village has the smallest proportion of employed at 61.7% of the total. Second, it has the largest proportion of not in labor force at 35.6% 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. Grantwood Village shows full time employees approximately 2.4 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 Grantwood Village area. Grantwood Village shows it has a families with a single earner of 24.6% which is the third most of all other places in the metro area. The city with the highest families with a single earner in the area is Lakeshire which indicates a single earners rate of 28.4% (15.5% larger). The percentage of families with no one working is depicted in Figure 22. Grantwood Village shows it has a families with no one working of 12.8% which is the smallest as measured by families with no one working of all the other places in the local area. The city with the highest families with no one working in the area is Marlborough village which shows a families with no worker of 21.0% (64.4% larger).

Grantwood Village Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Grantwood Village 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. Grantwood Village depicts it has a total people earning less than the poverty level of 52 which is the smallest as measured by total people earning less than the poverty level of all the other places in the local area. The city with the highest total people earning less than the poverty level in the area is Gravois township which depicts a total people earning less than the poverty level of 2,936 ( 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. Grantwood Village shows it has a percent of people earning less than the poverty level of 5.0% which is the smallest as measured by percent of people earning less than the poverty level of all the other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Marlborough village which shows a percent of people in poverty of 11.5% (approximately 2.3 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Grantwood Village has the percentage of person in poverty 18 to 34 years the second smallest in order of person in poverty under 12 years of all the other places in the metropolitan area at 17% of the total. Second, it has the largest proportion of person in poverty 55 to 64 years at 25% of the total and is ranked #1. Third, it has the largest proportion of person in poverty 65+ years at 25% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Grantwood Village has the smallest proportion of white poverty rate at 4% of the total. Second, it has the largest proportion of asian poverty rate at 67% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Grantwood Village has the percentage of unmarried with children and in poverty less than most other places in the greater region at 7% of the total. Second, it has less than most other places in the greater region when sorted by unmarried female with children and in poverty at 10% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Grantwood Village has the largest proportion of less than highschool in poverty at 22% of the total and is ranked #1. Second, it has the smallest proportion of has some college and in poverty at 2% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Grantwood Village has one of the largest proportions of people who are in poverty and employed at 36.5% of the total and is ranked #2. The only larger city being Marlborough village with 49.5%. 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.) Grantwood Village shows it has a households with public assistance of 1.3% which is the smallest as measured by households with public assistance of all the other places in the greater region. The city with the highest households with public assistance in the area is Lakeshire which shows a households with public assistance of 9.9% ( appreciably bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Grantwood Village depicts it has a the gini index of 40.1% which is in the mid range of other places in the surrounding region.

Grantwood Village 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 Grantwood Village 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.) Grantwood Village has the smallest proportion of people who drive a car or motorcycle to work at 90% of the total. Second, it has the largest proportion of people who work at home at 9% 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 Grantwood Village or elsewhere.) Grantwood Village has the smallest proportion of people who drove alone at 80% of the total. Second, it has the largest proportion of people who carpooled at 9% of the total and is ranked #1. Third, it has the largest proportion of people who work at home at 9% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Grantwood Village has the largest proportion of people who leave for work between 12am to 5am at 3% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 630 am to 7am at 6% of the total. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 14% of the total. Also, it has the largest proportion of people who leave for work between 730 am to 8am at 19% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 9am to 10am at 12% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who leave for work between 12noon to 4pm at 1% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Grantwood Village has the smallest proportion of people with commute time of less than 5 minutesutes at 0% of the total. Second, it has the largest proportion of people with commute time between 35 to 39 minutes at 5% of the total and is ranked #1. Third, it has the smallest proportion of people with commute time between 40 to 44 minutes at 2% of the total.

The average commute time is shown in Figure 37. Grantwood Village depicts it has an average commute time of 24 which is in the mid range of other places in the local area. Figure 38 shows the difference between male versus female commuting time. Grantwood Village depicts average commute time in minutes for men 42.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Grantwood Village has the largest proportion of no vehicle available at 2% of the total and is ranked #1. Second, it has the smallest proportion of 1 vehicle available at 5% of the total. Third, it has one of the largest proportions of 3 vehicles available at 27% of the total and is ranked #2. The only larger city being Crestwood with 31%. Also, it has the largest proportion of 4 vehicles available at 13% of the total and is ranked #1. In addition, it has the largest proportion of 5 or more vehicles available at 8% 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.) Grantwood Village shows it has a people who both work and live in the same city of 10% which is less than most other places in the metropolitan area. The city with the highest people who both work and live in the same city in the area is Crestwood which depicts a people who both work and live in the same city of 14% (35.0% larger). Comparing people who both work and live in the same city to the United States average of 42%, Grantwood Village is approximately a quarter the size. Also, in comparison with the state of Missouri, people who both work and live in the same city of 40%, Grantwood Village is approximately a quarter the size.

Grantwood Village 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. Grantwood Village depicts it has the hightest median earnings of $126,125 for the earnings-computer, engineering, and science occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Grantwood Village shows it has the hightest median earnings of $93,125 for the earnings-computer, engineering, and science occupations aggregate. The table in Figure 48, shows Grantwood Village employment data in terms of job categories and salary data.

Grantwood Village 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. Grantwood Village shows it has the hightest entrepreneurs of 40% 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. Grantwood Village depicts it has the hightest entrepreneurs of 40% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Grantwood Village shows it has an average annual self employment income of $22,410 which is the second smallest when sorted by average annual self employment income of all the other places in the greater region. The city with the highest average annual self employment income in the area is Crestwood which indicates an average annual self employment income of $43,208 (about twice as large). Comparing average annual self employment income to the United States average of $37,819, Grantwood Village is approximately three-fourths the size. Also, compared to the state of Missouri, average annual self employment income of $31,803, Grantwood Village is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Grantwood Village depicts total number of self-employed men 46.7% larger as the total number of self-employed women.