King City Missouri Income Charts

This section shows the King City Missouri economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, King City shows it has a Median earnings of $38,523 which is the third most median earnings of all other places in the greater King City region. The city with the highest median earnings per worker in the area is Cosby which depicts a median earnings of $53,333 (38.4% larger). Comparing median earnings per worker to the United States average of $49,041, King City is approximately three-fourths the size. Also, in comparison with the state of Missouri, median earnings per worker of $44,279, King City is about 14.9% 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 $41,786 which is less than most other places in the local area. The city with the highest median household income in the area is Cosby which shows a median income of $62,250 (49.0% larger). Comparing median household income to the United States average of $62,843, King City is approximately three-fourths the size. Also, versus the state of Missouri, median household income of $55,461, King City is approximately three-fourths the size.

The next section examines a variety of different income statistics for the King City metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $10,000 and $14,999 at 11.5% of the total and is ranked #1. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 27.9% of the total. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 6.3% of the total and is ranked #1. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 5.4% 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 38.7 which is less than most other places in the surrounding region. The city with the highest average hours in the area is Union Star which depicts an average hours of 41.9 (8.3% 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 $19.14 which is the second most average hourly earnings of all the places in the greater King City region. The city with the highest average hourly earnings in the area is Cosby which depicts an average hourly earnings of $25.45 (32.9% larger). Comparing average hourly earnings to the United States average of $24.31, King City is approximately three-fourths the size. Also, benchmarked against the state of Missouri, average hourly earnings of $21.89, King City is about 14.4% smaller.

Figure 7 examines the number of self employed people in the King City metro area based on the number of people who reported any self employment income. King City depicts it has a Self Employed of 10.9% which is the most of all places in the greater King City region.

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the greater region at $51,625 of the total. Second, it has less than most other places in the greater region in terms of median income-25 to 44 years at $47,813 of the total. Third, it has less than most other places in the surrounding region when sorted by median income-45 to 64 years at $29,583 of the total.

Figure 9 breaks down the source of income and King City has the largest proportion of self employment income at 24.2% 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 29.5% which is the largest of all places in the greater King City region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income in the mid point range of other places in the metro area at $57,500 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. King City shows it has the hightest cost of 96.0 for the cost of miscellaneous items grouping.

King City 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 9.8% to 3.7% in February 2020. This represents a decrease in the monthly unemployment rate of 62.2%. Since that time, the monthly unemployment rate has gone to 3.5% This represents a decrease in the monthly unemployment rate of 5.4%. 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 Wuhan Coronavirus Pandemic the monthly labor force participation went from 38,921 to 37,449 in February 2020. This represents a decrease in the monthly labor force participation of 3.8%. Since that time, the monthly labor force participation has gone to 36,471 This represents a decrease in the monthly labor force participation of 2.6%.

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 King City depicts it has a Unemployment Rate of 3.4% which is more than all other places in the greater King City region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. King City depicts it has a Labor Force Participation of 56.5% which is the second 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). King City has the largest proportion of employed at 3.4% 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. King City depicts full time employees approximately 3.4 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 King City area. King City shows it has a Single Earner Families of 24.5% which is in the mid point range of other places in the local area. The city with the highest families with a single earner in the area is Maysville which depicts a single earners rate of 31.2% (27.3% larger). The percentage of families with no one working is depicted in Figure 22. King City depicts it has a Families with No One Working of 19.7% which is in the mid point range of other places in the area. The city with the highest families with no one working in the area is Cosby which shows a families with no worker of 30.3% (53.7% larger).

King City Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the King City 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. King City depicts it has a Total In Poverty of 138 which is the second most total people earning less than the poverty level of all the places in the greater King City region. The city with the highest total people earning less than the poverty level in the area is Stanberry which shows a total people earning less than the poverty level of 171 (23.9% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. King City shows it has a Percent of Population In Poverty of 15.2% which is the second most percent of people earning less than the poverty level of all the places in the greater King City region. The city with the highest percent of people earning less than the poverty level in the area is Union Star which indicates a percent of people in poverty of 22.8% (49.6% larger).

In Figure 25 people who are in poverty are broken out by age group. King City has one of the largest proportions of person in poverty 12 to 17 years at 28% of the total and is ranked #3. Only #2 Stanberry (37%), and #1 Maysville (38%) are larger. Second, it has one of the largest proportions of person in poverty 35 to 54 years at 11% of the total and is ranked #3. Only #2 Maysville (16%), and #1 Darlington (88%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. King City has one of the largest proportions of married with children and in poverty at 26% of the total and is ranked #3. Only #2 Union Star (36%), and #1 Guilford (67%) are larger. Second, it has one of the largest proportions of unmarried female with children and in poverty at 47% of the total and is ranked #2. The only larger city being Union Star with 69%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. King City has the largest proportion of less than highschool in poverty at 23% 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. King City has the smallest proportion of people who are in poverty and unemployed at 13.8% 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.) King City depicts it has a Public Assistance Percent of 14.9% which is the second most households with public assistance of all the places in the greater King City region. The city with the highest households with public assistance in the area is Guilford which depicts a households with public assistance of 15.6% (only about 4.9% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). King City shows it has a Gini Index of 56.4% which is more than all other places in the surrounding region.

King City 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 King City 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.) King City has the largest proportion of people who bicycle or walk to work at 4% 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 King City or elsewhere.) King City has the largest proportion of people who took a taxicab, motorcycle or other at 2% of the total and is ranked #1. Second, it has the largest proportion of people who work from home at 4% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. King City has the largest proportion of people who leave for work between 12am to 5am at 10% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 530 am to 6am at 6% of the total. Third, it has the largest proportion of people who leave for work between 9am to 10am at 4% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 11am to 12noon at 2% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. King City has the largest proportion of people with commute time of less than 5 minutesutes at 21% of the total and is ranked #1. Second, it has less than most other places in the metro area in terms of people with commute time between 5 to 9 minutes at 6% of the total. Third, it has the smallest proportion of people with commute time between 15 to 19 minutes at 1% of the total. Also, it has the largest proportion of people with commute time between 35 to 39 minutes at 16% of the total and is ranked #1.

The average commute time is shown in Figure 37. King City depicts it has a Avg Commute Time of 27 which is in the mid range of other places in the local area. Figure 38 shows the difference between male versus female commuting time. King City depicts average commute time in minutes for men 49.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and King City has one of the largest proportions of no vehicle available at 25% of the total and is ranked #2. The only larger city being Guilford with 26%. Second, it has the second smallest when sorted by no vehicle available of all the other places in the local area when ranked by 1 vehicle available at 33% of the total. Third, it has one of the largest proportions of 2 vehicles available at 25% of the total and is ranked #2. The only larger city being Stanberry with 27%. Also, it has less than most other places in the area as measured by 3 vehicles available at 4% of the total. In addition, it has one of the largest proportions of 4 vehicles available at 11% of the total and is ranked #2. The only larger city being Cosby with 25%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) King City depicts it has a Work in city or place where live of 41% which is the second most people who both work and live in the same city of all the places in the greater King City region. The city with the highest people who both work and live in the same city in the area is Stanberry which depicts a people who both work and live in the same city of 48% (17.6% larger). Comparing people who both work and live in the same city to the United States average of 42%, King City is about the same size. Also, compared with the state of Missouri, people who both work and live in the same city of 40%, King City is only slightly larger.

King City 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. King City depicts it has the hightest median earnings of $61,875 for the management, business, and financial occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and King City shows it has the hightest median earnings of $106,250 for the management, business, and financial occupations aggregate. The table in Figure 48, shows King City employment data in terms of job categories and salary data.

King City 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. King City depicts it has the hightest entrepreneurs of 58% for the self employed in sales and office related 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. King City depicts it has the hightest entrepreneurs of 58% for the self employed in construction classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. King City depicts it has a Self Employment Income of $16,200 which is the third most average annual self employment income of all other places in the greater King City region. The city with the highest average annual self employment income in the area is Stanberry which depicts an average annual self employment income of $22,559 (39.3% larger). Comparing average annual self employment income to the United States average of $39,154, King City is approximately half the size. Also, in comparison with the state of Missouri, average annual self employment income of $33,069, King City is approximately half the size.

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