Knox City Missouri Income Charts

This section shows the Knox 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, Knox City shows it has a Median earnings of $36,250 which is the second smallest when sorted by median earnings per worker of all the other places in the greater region. The city with the highest median earnings per worker in the area is La Belle which depicts a median earnings of $44,427 (22.6% larger). Comparing median earnings per worker to the United States average of $49,041, Knox City is approximately three-fourths the size. Also, in contrast to the state of Missouri, median earnings per worker of $44,279, Knox City is about 22.1% 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 $33,750 which is the third most of all other places in the metro area. The city with the highest median household income in the area is Lewistown which depicts a median income of $43,214 (28.0% larger). Comparing median household income to the United States average of $62,843, Knox City is approximately half the size. Also, measured against the state of Missouri, median household income of $55,461, Knox City is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Knox City metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 27.5% of the total and is ranked #1. Second, it has one of the largest proportions of earnings between $10,000 and $14,999 at 12.8% of the total and is ranked #2. The only larger city being Newark with 20.5%. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 23.9% 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 33.5 which is the smallest in order of average hours of all the other places in the metropolitan area. The city with the highest average hours in the area is Rutledge which depicts an average hours of 46.7 (39.4% 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 $20.81 which is more than all other places in the greater Knox City region. Comparing average hourly earnings to the United States average of $24.31, Knox City is about 16.8% smaller. Also, benchmarked against the state of Missouri, average hourly earnings of $21.89, Knox City is only about 5.2% smaller.

Figure 7 examines the number of self employed people in the Knox City metro area based on the number of people who reported any self employment income. Knox City shows it has a Self Employed of 11.1% which is the second most people self employed of all the places in the greater Knox City region. The city with the highest percentage of people self employed in the area is Edina which shows a percentage self employed of 20.4% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-25 to 44 years at $33,750 of the total and is ranked #3. Only #2 La Belle ($38,750), and #1 Baring ($42,500) are larger. Second, it has one of the largest proportions of median income-45 to 64 years at $34,583 of the total and is ranked #2. The only larger city being Newark with $41,250.

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 23.3% which is the second most households with retirement income of all the places in the greater Knox City region. The city with the highest households with retirement income in the area is La Belle which depicts a households with retirement income of 24.0% (only about 2.8% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $46,250 of the total and is ranked #3. Only #2 Lewistown ($53,750), and #1 Baring ($63,125) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Knox City indicates it has the hightest cost of 99.8 for the cost of healthcare group.

Knox 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 Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 9.8% to 2.7% in February 2020. This represents a decrease in the monthly unemployment rate of 72.4%. Since that time, the monthly unemployment rate has gone to 4.0% This represents an increase in the monthly unemployment rate of 48.1%. 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 Pandemic the monthly labor force participation went from 20,418 to 18,633 in February 2020. This represents a decrease in the monthly labor force participation of 8.7%. Since that time, the monthly labor force participation has gone to 19,643 This represents an increase in the monthly labor force participation of 5.4%.

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 Knox City depicts it has a Unemployment Rate of 5.8% which is the third most unemployment rate of all other places in the greater Knox City region. The city with the highest unemployment rate in the area is Newark which depicts a rate of 10.3% (76.9% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Knox City depicts it has a Labor Force Participation of 62.6% which is the third most of all other places in the surrounding region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Knox City depicts full time employees 43.9% larger 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 Knox City area. Knox City shows it has a Single Earner Families of 17.1% which is the smallest as measured by families with a single earner of all the other places in the metro area. The city with the highest families with a single earner in the area is Rutledge which depicts a single earners rate of 54.5% (approximately 3.2 times bigger). The percentage of families with no one working is depicted in Figure 22. Knox City shows it has a Families with No One Working of 29.3% which is the third most families with no one working of all other places in the greater Knox City region. The city with the highest families with no one working in the area is Rutledge which depicts a families with no worker of 45.5% (55.3% larger).

Knox City Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Knox 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. Knox City depicts it has a Total In Poverty of 73 which is in the middle range of other places in the greater region. The city with the highest total people earning less than the poverty level in the area is Edina which depicts a total people earning less than the poverty level of 356 (approximately 4.9 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Knox City depicts it has a Percent of Population In Poverty of 27.4% which is the second most percent of people earning less than the poverty level of all the places in the greater Knox City region. The city with the highest percent of people earning less than the poverty level in the area is Edina which shows a percent of people in poverty of 29.4% (7.3% larger).

In Figure 25 people who are in poverty are broken out by age group. Knox City has the percentage of person in poverty 18 to 34 years the second smallest when sorted by person in poverty under 12 years of all the other places in the local area at 14% of the total. Second, it has less than most other places in the greater region in order of person in poverty 55 to 64 years at 5% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Knox City has one of the largest proportions of married with children and in poverty at 65% of the total and is ranked #3. Only #2 Lewistown (71%), and #1 Newark (100%) are larger. Second, it has one of the largest proportions of unmarried with children and in poverty at 19% of the total and is ranked #3. Only #2 Edina (65%), and #1 Lewistown (80%) are larger. Third, it has one of the largest proportions of unmarried female with children and in poverty at 96% of the total and is ranked #2. The only larger city being Newark with 100%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Knox City has the percentage of less than highschool in poverty the second smallest as measured by less than highschool in poverty of all the other places in the local area at 12% of the total. Second, it has the largest proportion of has some college and in poverty at 50% 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. Knox City has the percentage of people who are in poverty and unemployed less than most other places in the local area at 2.7% 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.) Knox City shows it has a Public Assistance Percent of 12.2% which is in the mid range of other places in the surrounding region. The city with the highest households with public assistance in the area is Rutledge which depicts a households with public assistance of 40.0% (approximately 3.3 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Knox City depicts it has a Gini Index of 41.0% which is less than most other places in the local area.

Knox City Missouri Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Knox City or elsewhere.) Knox City has one of the largest proportions of people who drove alone at 93% of the total and is ranked #2. The only larger city being Newark with 93%.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Knox City has the percentage of people who leave for work between 12am to 5am less than most other places in the metro area at 5% of the total. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 15% of the total and is ranked #1. Third, it has in the center range of other places in the local area as measured by people who leave for work between 12noon to 4pm 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. Knox City has the percentage of people with commute time of less than 5 minutesutes the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the local area at 18% of the total. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 30% of the total and is ranked #1.

The average commute time is shown in Figure 37. Knox City shows it has a Avg Commute Time of 17 which is less than most other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Knox City shows average commute time in minutes for men approximately three-fourths the size as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Knox City has the percentage of no vehicle available the second smallest when ranked by no vehicle available of all the other places in the surrounding region at 4% of the total. Second, it has one of the largest proportions of 1 vehicle available at 52% of the total and is ranked #3. Only #2 Baring (56%), and #1 Rutledge (83%) are larger. Third, it has in the mid point range of other places in the local area when ranked by 3 vehicles available at 1% of the total. Also, it has the largest proportion of 4 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.) Knox City depicts it has a Work in city or place where live of 3% which is the second smallest as measured by people who both work and live in the same city of all the other places in the local area. The city with the highest people who both work and live in the same city in the area is Rutledge which shows a people who both work and live in the same city of 67% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 42%, Knox City is approximately a twelfth the size. Also, in contrast to the state of Missouri, people who both work and live in the same city of 40%, Knox City is approximately a twelfth the size.

Knox 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. Knox City depicts it has the hightest median earnings of $58,250 for the earnings-production, transportation, material moving occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Knox City shows it has the hightest median earnings of $33,750 for the earnings-sales and office occupations aggregate. The table in Figure 48, shows Knox City employment data in terms of job categories and salary data.

Knox City Missouri Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. Knox City depicts it has a Self Employment Income of $14,300 which is the third most average annual self employment income of all other places in the greater Knox City region. The city with the highest average annual self employment income in the area is La Belle which depicts an average annual self employment income of $37,953 (approximately 2.7 times bigger). Comparing average annual self employment income to the United States average of $39,154, Knox City is approximately a third the size. Also, versus the state of Missouri, average annual self employment income of $33,069, Knox City is approximately half the size.