Mill Spring Missouri Income Charts

This section shows the Mill Spring Missouri economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Mill Spring shows it has a Median earnings of $16,250 which is the second smallest in terms of median earnings per worker of all the other places in the metro area. The city with the highest median earnings per worker in the area is Greenville which shows a median earnings of $35,962 (approximately 2.2 times bigger). Comparing median earnings per worker to the United States average of $49,041, Mill Spring is approximately a third the size. Also, versus the state of Missouri, median earnings per worker of $44,279, Mill Spring is approximately a third 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 $17,750 which is the second smallest as measured by median household income of all the other places in the area. The city with the highest median household income in the area is Williamsville which shows a median income of $38,611 (about twice as large). Comparing median household income to the United States average of $62,843, Mill Spring is approximately a third the size. Also, measured against the state of Missouri, median household income of $55,461, Mill Spring is approximately a third the size.

The next section examines a variety of different income statistics for the Mill Spring metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 22.1% of the total and is ranked #1. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 16.2% of the total and is ranked #1. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 16.2% 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 31.1 which is the second smallest in terms of average hours of all the other places in the local area. The city with the highest average hours in the area is Greenville which depicts an average hours of 43.5 (39.9% 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 $10.05 which is the second smallest when ranked by average hourly earnings of all the other places in the area. The city with the highest average hourly earnings in the area is Des Arc which depicts an average hourly earnings of $17.53 (74.4% larger). Comparing average hourly earnings to the United States average of $24.31, Mill Spring is approximately half the size. Also, benchmarked against the state of Missouri, average hourly earnings of $21.89, Mill Spring is approximately half the size.

Figure 7 examines the number of self employed people in the Mill Spring metro area based on the number of people who reported any self employment income. Mill Spring shows it has a Self Employed of 3.2% which is the second smallest when ranked by percentage of people self employed of all the other places in the metro area. The city with the highest percentage of people self employed in the area is Des Arc which depicts a percentage self employed of 12.9% (approximately 4.0 times bigger).

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 area at $21,250 of the total. Second, it has less than most other places in the local area in terms of median income-25 to 44 years at $12,857 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $25,625 of the total and is ranked #2. The only larger city being Williamsville with $38,000.

Figure 9 breaks down the source of income and Mill Spring has the largest proportion of investment and retirement income at 29.9% of the total and is ranked #1. Second, it has the largest proportion of social security at 3.9% 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 22.2% which is the third most of all other places in the local area. The city with the highest households with retirement income in the area is Hunter CDP which depicts a households with retirement income of 46.3% (about twice as large).

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 the second smallest as measured by overall family income of all the other places in the area at $18,750 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. Mill Spring depicts it has the hightest cost of 104.3 for the cost of transportation grouping.

Mill Spring 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 COVID Pandemic the monthly unemployment rate went from 7.3% to 3.5% in February 2020. This represents a decrease in the monthly unemployment rate of 52.1%. Since that time, the monthly unemployment rate has gone to 3.8% This represents an increase in the monthly unemployment rate of 8.6%. 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 Coronavirus Pandemic the monthly labor force participation went from 19,975 to 20,512 in February 2020. This represents an increase in the monthly labor force participation of 2.7%. Since that time, the monthly labor force participation has gone to 18,635 This represents a decrease in the monthly labor force participation of 9.2%.

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 Mill Spring depicts it has a Unemployment Rate of 2.3% which is in the center range of other places in the metro area. The city with the highest unemployment rate in the area is Williamsville which shows a rate of 6.5% (approximately 2.8 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Mill Spring depicts it has a Labor Force Participation of 42.0% which is the second smallest in order of participation rate of all the other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Mill Spring depicts full time employees about 20.0% smaller 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 Mill Spring area. Mill Spring shows it has a Single Earner Families of 46.7% which is the second most families with a single earner of all the places in the greater Mill Spring region. The city with the highest families with a single earner in the area is Des Arc which depicts a single earners rate of 50.0% (7.1% larger). The percentage of families with no one working is depicted in Figure 22. Mill Spring shows it has a Families with No One Working of 33.3% which is the second most families with no one working of all the places in the greater Mill Spring region. The city with the highest families with no one working in the area is Williamsville which depicts a families with no worker of 33.7% ( only slightly larger).

Mill Spring Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Mill Spring 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. Mill Spring shows it has a Total In Poverty of 105 which is the second most of all the places in the greater region. The city with the highest total people earning less than the poverty level in the area is Piedmont which shows a total people earning less than the poverty level of 857 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Mill Spring depicts it has a Percent of Population In Poverty of 61.8% which is more than all other places in the greater Mill Spring region.

In Figure 25 people who are in poverty are broken out by age group. Mill Spring has the largest proportion of person in poverty under 12 years at 24% of the total and is ranked #1. Second, it has the second smallest when sorted by person in poverty under 12 years of all the other places in the metro area as measured by person in poverty 12 to 17 years at 12% of the total. Third, it has one of the largest proportions of person in poverty 18 to 34 years at 21% of the total and is ranked #3. Only #2 Ellsinore (22%), and #1 Piedmont (23%) are larger. Also, it has the second smallest as measured by person in poverty under 12 years of all the other places in the area as measured by person in poverty 55 to 64 years at 5% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Mill Spring has the largest proportion of hawaiian poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Mill Spring has one of the largest proportions of married with children and in poverty at 96% of the total and is ranked #2. The only larger city being Des Arc with 100%. Second, it has the largest proportion of unmarried with children and in poverty at 95% of the total and is ranked #1. Third, it has the largest proportion of unmarried female with children and in poverty at 100% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Mill Spring has the largest proportion of less than highschool in poverty at 45% of the total and is ranked #1. Second, it has one of the largest proportions of highschool graduate and in poverty at 31% of the total and is ranked #2. The only larger city being Des Arc with 35%. 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.) Mill Spring depicts it has a Public Assistance Percent of 54.0% which is more than all other places in the greater Mill Spring region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Mill Spring depicts it has a Gini Index of 37.2% which is the second smallest in terms of the gini index of all the other places in the greater region.

Mill Spring Missouri Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Mill Spring or elsewhere.) Mill Spring has the largest proportion of people who drove alone at 90% of the total and is ranked #1. Second, it has the second smallest when ranked by people who drove alone of all the other places in the metropolitan area when sorted by people who carpooled at 6% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Mill Spring has the largest proportion of people who leave for work between 10am to 11am at 13% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 11am to 12noon at 39% 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. Mill Spring has the largest proportion of people with commute time between 10 to 14 minutes at 37% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 40 to 44 minutes at 11% of the total and is ranked #1.

The average commute time is shown in Figure 37. Mill Spring depicts it has a Avg Commute Time of 26 which is less than most other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Mill Spring depicts average commute time in minutes for men about 14.5% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Mill Spring has the largest proportion of no vehicle available at 44% of the total and is ranked #1. Second, it has in the middle range of other places in the metro area when sorted by 1 vehicle available at 50% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Mill Spring depicts it has a Work in city or place where live of 4% which is the second smallest when ranked 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 Piedmont which depicts a people who both work and live in the same city of 48% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 42%, Mill Spring is approximately a tenth the size. Also, measured against the state of Missouri, people who both work and live in the same city of 40%, Mill Spring is approximately a tenth the size.

Mill Spring Missouri Jobs Charts

The table in Figure 48, shows Mill Spring employment data in terms of job categories and salary data.