Independence township-Schuyler County Missouri Income Charts

This section shows the Independence township-Schuyler County Missouri economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Independence township-Schuyler County shows it has a median earnings per worker of $32,167 which is in the center range of other places in the surrounding region. The city with the highest median earnings per worker in the area is Lancaster which depicts a median earnings of $37,321 (16.0% larger). Comparing median earnings per worker to the United States average of $47,712, Independence township-Schuyler County is approximately three-fourths the size. Also, in contrast to the state of Missouri, median earnings per worker of $42,474, Independence township-Schuyler County is approximately three-fourths the size.

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 $58,333 which is the highest of all places in the greater Independence township-Schuyler County region. Comparing median household income to the United States average of $60,293, Independence township-Schuyler County is only about 3.4% smaller. Also, compared to the state of Missouri, median household income of $53,560, Independence township-Schuyler County is 8.9% larger.

The next section examines a variety of different income statistics for the Independence township-Schuyler County metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 14.0% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 3.4% of the total. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 3.9% of the total. Also, it has the largest proportion of earnings between $20,000 and $49,999 at 54.5% of the total and is ranked #1. In addition, it has the largest proportion of earnings between $50,000 and $74,999 at 24.2% 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 38.7 which is the third most average hours of all other places in the greater Independence township-Schuyler County region. The city with the highest average hours in the area is Greentop which depicts an average hours of 40.3 (only about 4.1% 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 $15.98 which is in the mid point range of other places in the greater region. The city with the highest average hourly earnings in the area is Lancaster which shows an average hourly earnings of $19.66 (23.0% larger). Comparing average hourly earnings to the United States average of $23.71, Independence township-Schuyler County is approximately three-fourths the size. Also, compared with the state of Missouri, average hourly earnings of $21.05, Independence township-Schuyler County is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Independence township-Schuyler County metro area based on the number of people who reported any self employment income. Independence township-Schuyler County depicts it has a percentage of people self employed of 14.4% which is less than most other places in the greater region. The city with the highest percentage of people self employed in the area is Glenwood which depicts a percentage self employed of 22.5% (56.2% larger).

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 $88,424 of the total and is ranked #1. Second, it has the largest proportion of median income-45 to 64 years at $87,708 of the total and is ranked #1.

Figure 9 breaks down the source of income and Independence township-Schuyler County has the largest proportion of income from wages at 82.8% of the total and is ranked #1. Second, it has the smallest proportion of investment and retirement income at 3.1% of the total. Third, it has the smallest proportion of social security at 7.6% 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 households with retirement income of 4.8% which is the smallest when ranked by households with retirement income of all the other places in the greater region. The city with the highest households with retirement income in the area is Glenwood which indicates a households with retirement income of 29.6% ( appreciably bigger).

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 $87,759 of the total and is ranked #1. Second, it has the largest proportion of white family income at $87,759 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. Independence township-Schuyler County depicts it has the hightest cost of 99.8 for the cost of healthcare classification.

Independence township-Schuyler County 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 Coronavirus Pandemic the monthly unemployment rate went from 8.4% to 3.8% in December 2019. This represents a decrease in the monthly unemployment rate of 54.8%. 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 shows that from January 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 12,682 to 12,333 in November 2019. This represents a decrease in the monthly labor force participation of 2.8%. Since that time, the monthly labor force participation has gone to 12,333 This represents an increase in the monthly labor force participation of very little. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Independence township-Schuyler County depicts it has a participation rate of 78.1% which is more than all other places in the greater Independence township-Schuyler County 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). Independence township-Schuyler County has the largest proportion of employed at 78.1% of the total and is ranked #1. Second, it has the smallest proportion of not in labor force at 21.9% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Independence township-Schuyler County shows full time employees substantially bigger as the part time employees. The percentage of families with no one working is depicted in Figure 22. Independence township-Schuyler County depicts it has a families with no one working of 17.5% which is the second smallest in order of families with no one working of all the other places in the greater region. The city with the highest families with no one working in the area is Greentop which shows a families with no worker of 40.4% (approximately 2.3 times bigger).

Independence township-Schuyler County Missouri Poverty Charts

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Independence township-Schuyler County depicts it has a the gini index of 30.3% which is the smallest when ranked by the gini index of all the other places in the metropolitan area.

Independence township-Schuyler County 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 Independence township-Schuyler County 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.) Independence township-Schuyler County has the largest proportion of people who drive a car or motorcycle to work at 100% 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 Independence township-Schuyler County or elsewhere.) Independence township-Schuyler County has the largest proportion of people who drove alone at 100% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Independence township-Schuyler County has the largest proportion of people who leave for work between 630 am to 7am at 18% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 31% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 8am to 830am at 2% of the total. Also, it has less than most other places in the greater region in terms of people who leave for work between 12noon to 4pm at 4% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Independence township-Schuyler County has the percentage of people with commute time of less than 5 minutesutes less than most other places in the metro area at 8% of the total. Second, it has the second smallest in terms of people with commute time of less than 5 minutes of all the other places in the greater region as measured by people with commute time between 5 to 9 minutes at 6% of the total. Third, it has one of the largest proportions of people with commute time between 20 to 24 minutes at 27% of the total and is ranked #2. The only larger city being Greentop with 28%. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 18% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time of 90 or more minutesutes at 8% of the total and is ranked #1.

The average commute time is shown in Figure 37. Independence township-Schuyler County indicates it has an average commute time of 37 which is ranked #1 of all places in the greater Independence township-Schuyler County region. Figure 38 shows the difference between male versus female commuting time. Independence township-Schuyler County shows average commute time in minutes for men approximately 3.2 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Independence township-Schuyler County has the smallest proportion of 1 vehicle available at 5% of the total. Second, it has the smallest proportion of 2 vehicles available at 19% of the total. Third, it has less than most other places in the greater region when ranked by 3 vehicles available at 18% of the total. Also, it has the largest proportion of 4 vehicles available at 29% of the total and is ranked #1. In addition, it has the largest proportion of 5 or more vehicles available at 29% of the total and is ranked #1.

Independence township-Schuyler County 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. Independence township-Schuyler County shows it has the hightest median earnings of $38,125 for the earnings-sales and office occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Independence township-Schuyler County indicates it has the hightest median earnings of $52,935 for the earnings-healthcare practitioners and tech occupations category. The table in Figure 48, shows Independence township-Schuyler County employment data in terms of job categories and salary data.

Independence township-Schuyler County Missouri Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. Independence township-Schuyler County depicts it has an average annual self employment income of $26,480 which is the second most average annual self employment income of all the places in the greater Independence township-Schuyler County region. The city with the highest average annual self employment income in the area is Queen City which depicts an average annual self employment income of $97,733 (approximately 3.7 times bigger). Comparing average annual self employment income to the United States average of $37,819, Independence township-Schuyler County is approximately three-fourths the size. Also, compared to the state of Missouri, average annual self employment income of $31,803, Independence township-Schuyler County is about 20.1% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Independence township-Schuyler County shows total number of self-employed men about twice as large as the total number of self-employed women.