Rich Hill Missouri Income Charts

This section shows the Rich Hill Missouri economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Rich Hill depicts it has a Median earnings of $35,150 which is in the middle range of other places in the area. The city with the highest median earnings per worker in the area is Foster which depicts a median earnings of $60,313 (71.6% larger). Comparing median earnings per worker to the United States average of $49,041, Rich Hill is approximately three-fourths the size. Also, in comparison with the state of Missouri, median earnings per worker of $44,279, Rich Hill is approximately three-fourths 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 $41,000 which is in the mid range of other places in the local area. The city with the highest median household income in the area is Foster which depicts a median income of $120,104 (approximately 2.9 times bigger). Comparing median household income to the United States average of $62,843, Rich Hill is approximately three-fourths the size. Also, benchmarked against the state of Missouri, median household income of $55,461, 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 has the percentage of earnings less than $10,000 less than most other places in the local area at 5.3% of the total. Second, it has one of the largest proportions of earnings between $10,000 and $14,999 at 12.9% of the total and is ranked #2. The only larger city being Walker with 17.0%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.6 which is the smallest in terms of average hours of all the other places in the metro area. The city with the highest average hours in the area is Foster which shows an average hours of 56.5 (50.3% 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 $17.98 which is in the mid point range of other places in the greater region. The city with the highest average hourly earnings in the area is Foster which depicts an average hourly earnings of $20.53 (14.2% larger). Comparing average hourly earnings to the United States average of $24.31, Rich Hill is approximately three-fourths the size. Also, measured against the state of Missouri, average hourly earnings of $21.89, Rich Hill is about 21.8% 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 Self Employed of 6.8% which is the second smallest when sorted by percentage of people self employed of all the other places in the area. The city with the highest percentage of people self employed in the area is Foster which depicts a percentage self employed of 48.0% ( very much 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 $53,958 of the total and is ranked #3. Only #2 Butler ($59,464), and #1 Amoret ($83,333) are larger. Second, it has in the middle range of other places in the area when sorted by median income-25 to 44 years at $38,125 of the total. Third, it has less than most other places in the greater region when ranked by median income-45 to 64 years at $24,479 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 With Retirement Income of 20.3% which is the third most households with retirement income of all other places in the greater Rich Hill region. The city with the highest households with retirement income in the area is Schell City which shows a households with retirement income of 22.3% (10.0% larger).

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 middle range of other places in the area at $51,445 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. Rich Hill depicts it has the hightest cost of 108.1 for the cost of utilities grouping.

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 disasterous COVID-19 Pandemic the monthly unemployment rate went from 10.5% to 3.9% in February 2020. This represents a decrease in the monthly unemployment rate of 62.9%. Since that time, the monthly unemployment rate has gone to 7.0% This represents an increase in the monthly unemployment rate of 79.5%. 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-19 Pandemic the monthly labor force participation went from 12,942 to 13,111 in February 2020. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 13,214 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 depicts it has a Unemployment Rate of 1.4% which is the second smallest as measured by unemployment rate of all the other places in the greater region. The city with the highest unemployment rate in the area is Butler which shows a rate of 5.3% (approximately 3.8 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Rich Hill depicts it has a Labor Force Participation of 51.7% which is in the mid range of other places in the metropolitan area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Rich Hill shows full time employees approximately 3.8 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 Single Earner Families of 28.2% which is less than most other places in the local area. The city with the highest families with a single earner in the area is Walker which depicts a single earners rate of 49.2% (74.2% larger). The percentage of families with no one working is depicted in Figure 22. Rich Hill shows it has a Families with No One Working of 22.8% 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 53.3% (approximately 2.3 times bigger).

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 depicts it has a Total In Poverty of 240 which is the second most of all the places in the local area. The city with the highest total people earning less than the poverty level in the area is Butler which shows a total people earning less than the poverty level of 665 (approximately 2.8 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 depicts it has a Percent of Population In Poverty of 16.0% which is in the mid point range of other places in the surrounding region. The city with the highest percent of people earning less than the poverty level in the area is Walker which depicts a percent of people in poverty of 36.1% (approximately 2.3 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Rich Hill has one of the largest proportions of person in poverty under 12 years at 16% of the total and is ranked #2. The only larger city being Hume with 23%. Second, it has the largest proportion of person in poverty 12 to 17 years at 20% of the total and is ranked #1. Third, it has one of the largest proportions of person in poverty 35 to 54 years at 12% of the total and is ranked #2. The only larger city being Schell City with 18%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Rich Hill has the largest proportion of black 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 one of the largest proportions of unmarried with children and in poverty at 46% of the total and is ranked #3. Only #2 Butler (81%), and #1 Amoret (100%) are larger. 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 shows it has a Public Assistance Percent of 22.1% which is is the uppermost of the 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 depicts it has a Gini Index of 38.8% which is the third most the gini index of all other places in the greater Rich Hill region.

Rich Hill Missouri Work Commute Charts

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 the percentage of people who drove alone in the mid range of other places in the greater region at 83% of the total. Second, it has less than most other places in the surrounding region in order of people who work from home at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Rich Hill has the percentage of people who leave for work between 12am to 5am less than most other places in the greater region at 5% of the total. Second, it has one of the largest proportions of people who leave for work between 5am to 530am at 11% of the total and is ranked #2. The only larger city being Amoret with 18%. Third, it has the second smallest when sorted by people who leave for work between 12am to 5am of all the other places in the local area as measured by people who leave for work between 530 am to 6am at 4% of the total. Also, it has the largest proportion of people who leave for work between 10am to 11am 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 the percentage of people with commute time between 10 to 14 minutes the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the local area at 3% of the total. Second, it has the largest proportion of people with commute time between 15 to 19 minutes at 26% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 30 to 34 minutes at 2% of the total and is ranked #1.

The average commute time is shown in Figure 37. Rich Hill shows it has a Avg Commute Time of 34 which is in the mid range of other places in the local area. Figure 38 shows the difference between male versus female commuting time. Rich Hill 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 Rich Hill has the percentage of no vehicle available less than most other places in the metropolitan area at 9% of the total. Second, it has one of the largest proportions of 1 vehicle available at 42% of the total and is ranked #2. The only larger city being Butler with 49%. Third, it has one of the largest proportions of 2 vehicles available at 37% of the total and is ranked #3. Only #2 Hume (41%), and #1 Schell City (45%) are larger. Also, it has one of the largest proportions of 3 vehicles available at 11% of the total and is ranked #3. Only #2 Hume (16%), and #1 Foster (62%) 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 Work in city or place where live of 19% which is less than most other places in the area. The city with the highest people who both work and live in the same city in the area is Foster which shows a people who both work and live in the same city of 64% (approximately 3.4 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, measured against 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 depicts it has the hightest median earnings of $38,958 for the earnings-production, transportation, material moving occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Rich Hill depicts it has the hightest median earnings of $53,594 for the management, business, and financial occupations grouping. 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 67% for the self employed management, business, science, and arts businesses classification.

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 67% 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 shows it has a Self Employment Income of $21,948 which is the third most average annual self employment income of all other places in the greater Rich Hill region. The city with the highest average annual self employment income in the area is Hume which shows an average annual self employment income of $48,088 (about twice as large). Comparing average annual self employment income to the United States average of $39,154, Rich Hill is approximately half the size. Also, compared to the state of Missouri, average annual self employment income of $33,069, 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 7.7% smaller as the total number of self-employed women.