Lake Lotawana Missouri Income Charts

This section shows the Lake Lotawana Missouri economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Lake Lotawana shows it has a Median earnings of $88,646 which is the most of all places in the greater Lake Lotawana region. Comparing median earnings per worker to the United States average of $53,269, Lake Lotawana is 66.4% larger. Also, measured against the state of Missouri, median earnings per worker of $48,226, Lake Lotawana 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 $143,306 which is at the top of all other places in the greater Lake Lotawana region. Comparing median household income to the United States average of $69,021, Lake Lotawana is about twice as large. Also, in comparison with the state of Missouri, median household income of $61,043, Lake Lotawana is approximately 2.3 times bigger.

The next section examines a variety of different income statistics for the Lake Lotawana metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest in terms of median earnings of less than $10,000 of all the other places in the surrounding region at 4.9% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 0.4% of the total. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 20.3% of the total. Also, it has the smallest proportion of earnings between $20,000 and $49,999 at 22.6% of the total. In addition, it has the largest proportion of earnings between $75,000 and $99,999 at 29.4% 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 38.9 which is in the middle range of other places in the local area. The city with the highest average hours in the area is Lees Summit which depicts an average hours of 39.4 ( only slightly 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 $43.82 which is the largest of all places in the greater Lake Lotawana region. Comparing average hourly earnings to the United States average of $26.40, Lake Lotawana is 66.0% larger. Also, measured against the state of Missouri, average hourly earnings of $23.84, Lake Lotawana is about twice as large.

Figure 7 examines the number of self employed people in the Lake Lotawana metro area based on the number of people who reported any self employment income. Lake Lotawana depicts it has a Self Employed of 26.6% which is more than all other places in the area.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $156,920 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $168,365 of the total and is ranked #1. Third, it has less than most other places in the local area as measured by median income-45 to 64 years at $53,214 of the total.

Figure 9 breaks down the source of income and Lake Lotawana has the largest proportion of income from wages at 7.2% 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 23.2% which is the third most of all other places in the metro area. The city with the highest households with retirement income in the area is Lees Summit which depicts a households with retirement income of 26.4% (13.8% 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 $147,308 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. Lake Lotawana indicates it has the hightest cost of 193.8 for the cost of housing grouping.

Lake Lotawana Missouri Labor Force Charts

The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the disasterous Covid-19 virus Pandemic it went from 3.6% to 2.7% in December 2019. This represents a decrease in the monthly unemployment rate of 25.0%. Since that time, the monthly unemployment rate has gone to 2.7%. 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. The monthly labor force participation depicts that from January 2017 to before the COVID-19 Pandemic it went from 54,242 to 56,033 in November 2019. This represents an increase in the monthly labor force participation of 3.3%. Since that time, the monthly labor force participation has gone to 56,033. This represents an increase in the monthly labor force participation of very little.

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 Lake Lotawana shows it has a Unemployment Rate of 2.5% which is less than most other places in the metro area. The city with the highest unemployment rate in the area is Baldwin Park which shows a rate of 10.0% (approximately 4.0 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lake Lotawana shows it has a Labor Force Participation of 69.0% which is the second smallest when ranked by participation rate of all the other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lake Lotawana shows full time employees approximately 3.6 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 Lake Lotawana area. Lake Lotawana depicts it has a Single Earner Families of 29.4% which is the largest of all places in the metropolitan area. The percentage of families with no one working is depicted in Figure 22. Lake Lotawana depicts it has a Families with No One Working of 13.3% which is in the mid range of other places in the metro area. The city with the highest families with no one working in the area is Lees Summit which shows a families with no worker of 15.2% (14.1% larger).

Lake Lotawana Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Lake Lotawana 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. Lake Lotawana shows it has a Total In Poverty of 35 which is less than most other places in the area. The city with the highest total people earning less than the poverty level in the area is Lees Summit which shows a total people earning less than the poverty level of 4,208 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lake Lotawana shows it has a Percent of Population In Poverty of 1.1% which is the smallest as measured by percent of people earning less than the poverty level of all the other places in the metropolitan area. The city with the highest percent of people earning less than the poverty level in the area is Baldwin Park which shows a percent of people in poverty of 27.5% ( substantially bigger).

In Figure 25 people who are in poverty are broken out by age group. Lake Lotawana has the largest proportion of person in poverty 12 to 17 years at 34% of the total and is ranked #1. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 17% of the total and is ranked #3. Only #2 Pleasant Hill (22%), and #1 Greenwood (78%) are larger. Third, it has one of the largest proportions of person in poverty 35 to 54 years at 34% of the total and is ranked #2. The only larger city being Baldwin Park with 36%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Lake Lotawana has the smallest proportion of less than highschool in poverty at 2% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 4% 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. Lake Lotawana has the largest proportion of people who are in poverty and unemployed at 45.7% 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.) Lake Lotawana shows it has a Public Assistance Percent of 1.3% which is the second smallest in order of 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 Baldwin Park which depicts a households with public assistance of 27.3% ( appreciably bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lake Lotawana indicates it has a Gini Index of 41.6% which is more than all other places in the area.

Lake Lotawana 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 Lake Lotawana 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.) Lake Lotawana has the largest proportion of people who bicycle or walk to work at 18% 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 Lake Lotawana or elsewhere.) Lake Lotawana has the smallest proportion of people who drove alone at 77% of the total. Second, it has the largest proportion of people who work from home at 18% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lake Lotawana has the percentage of people who leave for work between 12am to 5am the second smallest when sorted by people who leave for work between 12am to 5am of all the other places in the metro area at 3% of the total. Second, it has the smallest proportion of people who leave for work between 630 am to 7am at 11% of the total. Third, it has the largest proportion of people who leave for work between 9am to 10am at 13% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 10am to 11am at 2% of the total and is ranked #1. In addition, 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. Lake Lotawana has one of the largest proportions of people with commute time between 5 to 9 minutes at 8% of the total and is ranked #3. Only #2 Blue Springs (12%), and #1 Lees Summit (12%) are larger. Second, it has the largest proportion of people with commute time between 25 to 29 minutes at 29% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 35 to 39 minutes at 10% of the total and is ranked #1.

The average commute time is shown in Figure 37. Lake Lotawana shows it has a Avg Commute Time of 29 which is in the mid range of other places in the local area. Figure 38 shows the difference between male versus female commuting time. Lake Lotawana shows average commute time in minutes for men 44.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lake Lotawana has the percentage of no vehicle available in the mid point range of other places in the metropolitan area at 8% of the total. Second, it has the largest proportion of 1 vehicle available at 57% of the total and is ranked #1. Third, it has the smallest proportion of 2 vehicles available at 17% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Lake Lotawana shows it has a Work in city or place where live of 25% which is the third most of all 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 Lees Summit which depicts a people who both work and live in the same city of 40% (57.1% larger). Comparing people who both work and live in the same city to the United States average of 44%, Lake Lotawana is approximately half the size. Also, in comparison with the state of Missouri, people who both work and live in the same city of 43%, Lake Lotawana is approximately three-fourths the size.

Lake Lotawana 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. Lake Lotawana shows it has the hightest median earnings of $142,683 for the earnings-sales and office occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Lake Lotawana shows it has the hightest median earnings of $118,500 for the earnings-education, legal, community service, arts, media occupations classification. The table in Figure 48, shows Lake Lotawana employment data in terms of job categories and salary data.

Lake Lotawana 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. Lake Lotawana shows it has the hightest entrepreneurs of 66% for the self employed management, business, science, and arts businesses aggregate.

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. Lake Lotawana depicts it has the hightest entrepreneurs of 26% for the self employed in finance, insurance, real estate, rental and leasing grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lake Lotawana depicts it has a Self Employment Income of $47,324 which is is the uppermost of the places in the local area. Comparing average annual self employment income to the United States average of $42,141, Lake Lotawana is 12.3% larger. Also, measured against the state of Missouri, average annual self employment income of $36,630, Lake Lotawana is 29.2% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lake Lotawana shows total number of self-employed men 42.0% larger as the total number of self-employed women.