Rich Hill Missouri Income Charts

This section shows the Rich Hill Missouri economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Rich Hill depicts it has a median earnings per worker of $34,722 which is the third most of all other places in the local area. The city with the highest median earnings per worker in the area is Foster which depicts a median earnings of $61,250 (76.4% larger). Comparing median earnings per worker to the United States average of $47,712, Rich Hill is approximately three-fourths the size. Also, measured against the state of Missouri, median earnings per worker of $42,474, Rich Hill is about 22.3% 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 $34,375 which is less than most other places in the greater region. The city with the highest median household income in the area is Foster which shows a median income of $107,188 (approximately 3.1 times bigger). Comparing median household income to the United States average of $60,293, Rich Hill is approximately half the size. Also, benchmarked against the state of Missouri, median household income of $53,560, Rich Hill is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Rich Hill metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $75,000 and $99,999 at 3.0% of the total and is ranked #1. Second, it has one of the largest proportions of earnings of $100,000 more at 3.9% of the total and is ranked #3. Only #2 Hume (5.3%), and #1 Butler (6.6%) are larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 38.3 which is the smallest as measured by average hours of all the other places in the metro area. The city with the highest average hours in the area is Harwood which depicts an average hours of 64.7 (68.9% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $17.43 which is the second most average hourly earnings of all the places in the greater Rich Hill region. The city with the highest average hourly earnings in the area is Foster which shows an average hourly earnings of $20.77 (19.2% larger). Comparing average hourly earnings to the United States average of $23.71, Rich Hill is approximately three-fourths the size. Also, measured against the state of Missouri, average hourly earnings of $21.05, Rich Hill is about 20.7% smaller.

Figure 7 examines the number of self employed people in the Rich Hill metro area based on the number of people who reported any self employment income. Rich Hill shows it has a percentage of people self employed of 6.5% which is the smallest in terms of percentage of people self employed of all the other places in the greater region. The city with the highest percentage of people self employed in the area is Harwood which depicts a percentage self employed of 72.7% ( considerably bigger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $26,667 of the total and is ranked #2. The only larger city being Butler with $29,955. Second, it has one of the largest proportions of median income-25 to 44 years at $46,343 of the total and is ranked #3. Only #2 Harwood ($50,625), and #1 Hume ($68,750) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $39,375 of the total and is ranked #3. Only #2 Hume ($58,750), and #1 Foster ($118,232) are larger. Also, it has in the center range of other places in the greater region when sorted by median income-65 years and over at $24,875 of the total.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a households with retirement income of 20.9% which is more than all other places in the greater 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 range of other places in the local area at $44,750 of the total. Second, it has one of the largest proportions of white family income at $46,250 of the total and is ranked #3. Only #2 Butler ($58,098), and #1 Foster ($117,683) 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. Rich Hill shows it has the hightest cost of 108.1 for the cost of utilities classification.

Rich Hill 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 Wuhan virus Pandemic the monthly unemployment rate went from 10.5% to 3.8% in December 2019. This represents a decrease in the monthly unemployment rate of 63.8%. Since that time, the monthly unemployment rate has gone to 3.8% 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. It shows that from January 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 12,999 to 13,191 in November 2019. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 13,191 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 Rich Hill shows it has an unemployment rate of 3.0% which is less than most other places in the metro area. The city with the highest unemployment rate in the area is Schell City which depicts a rate of 6.9% (approximately 2.3 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Rich Hill shows it has a participation rate of 49.8% which is the smallest in order of participation rate of all the other places in the local 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). Rich Hill has the smallest proportion of employed at 46.9% of the total. Second, it has the largest proportion of not in labor force at 50.2% 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. Rich Hill depicts full time employees approximately 4.7 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 Rich Hill area. Rich Hill shows it has a families with a single earner of 35.0% which is the third most families with a single earner of all other places in the greater Rich Hill region. The city with the highest families with a single earner in the area is Harwood which shows a single earners rate of 86.7% (approximately 2.5 times bigger). The percentage of families with no one working is depicted in Figure 22. Rich Hill depicts it has a families with no one working of 23.5% which is the second most families with no one working of all the places in the greater Rich Hill region. The city with the highest families with no one working in the area is Schell City which depicts a families with no worker of 46.2% (about twice as large).

Rich Hill Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Rich Hill 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. Rich Hill shows it has a total people earning less than the poverty level of 247 which is the second most total people earning less than the poverty level of all the places in the greater Rich Hill region. The city with the highest total people earning less than the poverty level in the area is Butler which depicts a total people earning less than the poverty level of 639 (approximately 2.6 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Rich Hill shows it has a percent of people earning less than the poverty level of 17.3% which is in the middle range of other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Schell City which depicts a percent of people in poverty of 39.6% (approximately 2.3 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Rich Hill has the percentage of person in poverty under 12 years the second smallest in terms of person in poverty under 12 years of all the other places in the local area at 26% of the total. Second, it has the second smallest when sorted by person in poverty under 12 years of all the other places in the greater region in order of person in poverty 35 to 54 years at 8% of the total. Third, it has the largest proportion of person in poverty 65+ years at 17% of the total and is ranked #1.

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

Figure 27 shows key poverty statistics for groups based on marriage status. Rich Hill has the percentage of married with children and in poverty in the mid range of other places in the metro area at 16% of the total. Second, it has the second smallest when sorted by married with children and in poverty of all the other places in the metro area in terms of unmarried with children and in poverty at 31% of the total. Third, it has in the mid range of other places in the metropolitan area as measured by unmarried female with children and in poverty at 22% of the total. Also, it has one of the largest proportions of unmarried male with children and in poverty at 67% of the total and is ranked #2. The only larger city being Schell City with 100%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Rich Hill has the percentage of highschool graduate and in poverty in the mid range of other places in the metro area at 15% of the total. Second, it has the smallest proportion of has some college and in poverty at 9% 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. Rich Hill has the smallest proportion of people who are in poverty and employed at 7.3% 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.) Rich Hill depicts it has a households with public assistance of 22.9% which is at the top of all other places in the local area.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Rich Hill indicates it has a the gini index of 40.3% which is the third most of all other places in the metropolitan area.

Rich Hill 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 Rich Hill 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.) Rich Hill has the largest proportion of people who drive a car or motorcycle to work at 97% of the total and is ranked #1. Second, it has the smallest proportion of people who work at home at 1% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Rich Hill or elsewhere.) Rich Hill has one of the largest proportions of people who drove alone at 87% of the total and is ranked #2. The only larger city being Hume with 87%. Second, it has the smallest proportion of people who work at home at 1% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Rich Hill has one of the largest proportions of people who leave for work between 12am to 5am at 10% of the total and is ranked #2. The only larger city being Hume with 13%. Second, it has the largest proportion of people who leave for work between 11am to 12noon at 1% 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. Rich Hill has one of the largest proportions of people with commute time of less than 5 minutesutes at 11% of the total and is ranked #3. Only #2 Hume (15%), and #1 Butler (16%) are larger. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 11% of the total and is ranked #3. Only #2 Schell City (20%), and #1 Butler (43%) are larger. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 4% of the total and is ranked #3. Only #2 Hume (5%), and #1 Harwood (42%) are larger.

The average commute time is shown in Figure 37. Rich Hill shows it has an average commute time of 32 which is the third most average commute time of all other places in the greater Rich Hill region. Figure 38 shows the difference between male versus female commuting time. Rich Hill depicts average commute time in minutes for men 7.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Rich Hill has the percentage of no vehicle available less than most other places in the greater region at 2% of the total. Second, it has one of the largest proportions of 3 vehicles available at 41% of the total and is ranked #2. The only larger city being Harwood with 64%. Third, it has one of the largest proportions of 4 vehicles available at 10% of the total and is ranked #3. Only #2 Hume (25%), and #1 Foster (65%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Rich Hill shows it has a people who both work and live in the same city of 20% 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 Foster which depicts a people who both work and live in the same city of 67% (approximately 3.3 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Rich Hill is approximately half the size. Also, in comparison with the state of Missouri, people who both work and live in the same city of 40%, Rich Hill is approximately half the size.

Rich Hill 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. Rich Hill shows it has the hightest median earnings of $42,500 for the earnings-education, legal, community service, arts, media occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Rich Hill depicts it has the hightest median earnings of $52,656 for the management, business, and financial occupations classification. The table in Figure 48, shows Rich Hill employment data in terms of job categories and salary data.

Rich Hill 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. Rich Hill depicts it has the hightest entrepreneurs of 80% for the self employed management, business, science, and arts businesses group.

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. Rich Hill depicts it has the hightest entrepreneurs of 80% for the self employed in arts, entertainment, recreation, accommodation and food services group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Rich Hill depicts it has an average annual self employment income of $19,374 which is the third most of all other places in the local area. The city with the highest average annual self employment income in the area is Hume which shows an average annual self employment income of $54,971 (approximately 2.8 times bigger). Comparing average annual self employment income to the United States average of $37,819, Rich Hill is approximately half the size. Also, measured against the state of Missouri, average annual self employment income of $31,803, Rich Hill is approximately three-fourths the size.

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