Lake Viking CDP Missouri Income Charts

This section shows the Lake Viking CDP 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 Viking CDP shows it has a Median earnings of $54,453 which is the highest of all places in the metro area. Comparing median earnings per worker to the United States average of $53,269, Lake Viking CDP is only slightly larger. Also, benchmarked against the state of Missouri, median earnings per worker of $48,226, Lake Viking CDP is 12.9% larger.

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 $61,176 which is the highest of all places in the greater Lake Viking CDP region. Comparing median household income to the United States average of $69,021, Lake Viking CDP is about 12.8% smaller. Also, compared with the state of Missouri, median household income of $61,043, Lake Viking CDP is about the same size.

The next section examines a variety of different income statistics for the Lake Viking CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 11.6% of the total and is ranked #3. Only #2 Gallatin (13.1%), and #1 Weatherby (15.8%) are larger. Second, it has less than most other places in the greater region when ranked by earnings between $10,000 and $14,999 at 3.5% of the total. Third, it has less than most other places in the local area in order of earnings between $15,000 and $19,999 at 33.3% of the total. Also, it has one of the largest proportions of earnings between $75,000 and $99,999 at 9.6% of the total and is ranked #2. The only larger place being Weatherby with 10.5%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.2 which is in the mid range of other places in the local area. The place with the highest average hours in the area is Weatherby which indicates an average hours of 40.8 (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 a Avg Hrly Earnings of $26.71 which is the highest of all places in the greater Lake Viking CDP region. Comparing average hourly earnings to the United States average of $26.40, Lake Viking CDP is only slightly larger. Also, in contrast to the state of Missouri, average hourly earnings of $23.84, Lake Viking CDP is 12.0% larger.

Figure 7 examines the number of self employed people in the Lake Viking CDP metro area based on the number of people who reported any self employment income. Lake Viking CDP shows it has a Self Employed of 8.3% which is at the top of all other places in the greater Lake Viking CDP 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 $76,250 of the total and is ranked #1. Second, it has one of the largest proportions of median income-45 to 64 years at $32,813 of the total and is ranked #3. Only #2 Jameson ($35,417), and #1 Winston ($39,063) are larger.

Figure 9 breaks down the source of income and Lake Viking CDP has the largest proportion of income from wages at 18.5% 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 35.0% which is the highest of all places in the greater Lake Viking CDP region.

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 $78,125 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 Viking CDP shows it has the hightest cost of 108.7 for the cost of housing category.

Lake Viking CDP 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 virus Pandemic the monthly unemployment rate went from 9.8% to 3.4% in February 2020. This represents a decrease in the monthly unemployment rate of 65.3%. Since that time, the monthly unemployment rate has gone to 2.8% This represents a decrease in the monthly unemployment rate of 17.6%. 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 disasterous COVID Pandemic the monthly labor force participation went from 38,921 to 37,154 in March 2020. This represents a decrease in the monthly labor force participation of 4.5%. Since that time, the monthly labor force participation has gone to 36,634 This represents a decrease 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 Viking CDP shows it has a Unemployment Rate of 1.4% which is the second smallest when ranked by unemployment rate of all the other places in the metro area. The place with the highest unemployment rate in the area is Weatherby which depicts a rate of 8.6% ( very much bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lake Viking CDP shows it has a Labor Force Participation of 48.1% which is in the middle range of other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lake Viking CDP indicates full time employees approximately 3.9 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 Viking CDP area. Lake Viking CDP depicts it has a Single Earner Families of 23.3% which is less than most other places in the metropolitan area. The place with the highest families with a single earner in the area is Weatherby which shows a single earners rate of 40.0% (71.9% larger). The percentage of families with no one working is depicted in Figure 22. Lake Viking CDP shows it has a Families with No One Working of 34.5% which is the third most families with no one working of all other places in the greater Lake Viking CDP region. The place with the highest families with no one working in the area is Jameson which depicts a families with no worker of 62.5% (about twice as large).

Lake Viking CDP Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Lake Viking CDP 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 Viking CDP indicates it has a Total In Poverty of 55 which is the second most total people earning less than the poverty level of all the places in the greater Lake Viking CDP region. The place with the highest total people earning less than the poverty level in the area is Gallatin which shows a total people earning less than the poverty level of 383 ( 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 Viking CDP depicts it has a Percent of Population In Poverty of 13.5% which is the second smallest in terms of percent of people earning less than the poverty level of all the other places in the area. The place with the highest percent of people earning less than the poverty level in the area is Pattonsburg which depicts a percent of people in poverty of 28.5% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Lake Viking CDP has one of the largest proportions of person in poverty 35 to 54 years at 20% of the total and is ranked #2. The only larger place being Pattonsburg with 24%. Second, it has the largest proportion of person in poverty 55 to 64 years at 76% 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. Lake Viking CDP has the percentage of people who are in poverty and unemployed less than most other places in the metro area at 9.1% 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.) Lake Viking CDP shows it has a Public Assistance Percent of 8.3% which is the second smallest as measured by households with public assistance of all the other places in the local area. The place with the highest households with public assistance in the area is Pattonsburg which shows a households with public assistance of 21.4% (approximately 2.6 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lake Viking CDP depicts it has a Gini Index of 48.3% which is more than all other places in the greater Lake Viking CDP region.

Lake Viking CDP Missouri Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Lake Viking CDP or elsewhere.) Lake Viking CDP has the smallest proportion of people who drove alone at 57% of the total. Second, it has the largest proportion of people who carpooled at 29% of the total and is ranked #1. Third, it has one of the largest proportions of people who work from home at 12% of the total and is ranked #2. The only larger place being Winston with 24%.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lake Viking CDP has the largest proportion of people who leave for work between 730 am to 8am at 23% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Lake Viking CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 5% of the total and is ranked #3. Only #2 Weatherby (13%), and #1 Gallatin (21%) are larger. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 15% of the total and is ranked #3. Only #2 Weatherby (20%), and #1 Altamont (33%) are larger. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 26% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 45 to 59 minutes at 29% of the total and is ranked #1.

The average commute time is shown in Figure 37. Lake Viking CDP depicts it has a Avg Commute Time of 32 which is the second most of all the places in the greater region. Figure 38 shows the difference between male versus female commuting time. Lake Viking CDP depicts average commute time in minutes for men about twice as large as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lake Viking CDP 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 7% of the total. Second, it has less than most other places in the surrounding region in order of 1 vehicle available at 30% of the total. Third, it has one of the largest proportions of 2 vehicles available at 59% of the total and is ranked #2. The only larger place being Weatherby with 60%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Lake Viking CDP depicts it has a Work in city or place where live of 22% which is the third most people who both work and live in the same city of all other places in the greater Lake Viking CDP region. The place with the highest people who both work and live in the same city in the area is Gallatin which shows a people who both work and live in the same city of 36% (60.0% larger). Comparing people who both work and live in the same city to the United States average of 44%, Lake Viking CDP is approximately half the size. Also, in contrast to the state of Missouri, people who both work and live in the same city of 43%, Lake Viking CDP is approximately half the size.

Lake Viking CDP 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 Viking CDP shows it has the hightest median earnings of $71,250 for the earnings-natural resources, construction, maintenance occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Lake Viking CDP depicts it has the hightest median earnings of $33,750 for the earnings-sales and office occupations category. The table in Figure 48, shows Lake Viking CDP employment data in terms of job categories and salary data.

Lake Viking CDP 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 Viking CDP depicts it has the hightest entrepreneurs of 100% 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. Lake Viking CDP depicts it has the hightest entrepreneurs of 50% for the self employed in educational services, health care and social assistance category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lake Viking CDP depicts it has a Self Employment Income of $183,982 which is ranked #1 of all places in the greater Lake Viking CDP region. Comparing average annual self employment income to the United States average of $42,141, Lake Viking CDP is approximately 4.4 times bigger. Also, benchmarked against the state of Missouri, average annual self employment income of $36,630, Lake Viking CDP is very much bigger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lake Viking CDP shows total number of self-employed men approximately 2.8 times bigger as the total number of self-employed women.