Richmond township-Howard County Missouri Income Charts

This section shows the Richmond township-Howard County Missouri economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Richmond township-Howard County shows it has a median earnings per worker of $32,430 which is in the mid range of other places in the metro area. The city with the highest median earnings per worker in the area is Harrisburg which shows a median earnings of $46,625 (43.8% larger). Comparing median earnings per worker to the United States average of $47,712, Richmond township-Howard County is approximately three-fourths the size. Also, compared with the state of Missouri, median earnings per worker of $42,474, Richmond township-Howard County 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 $45,581 which is the third most median income of all other places in the greater Richmond township-Howard County region. The city with the highest median household income in the area is Harrisburg which depicts a median income of $57,222 (25.5% larger). Comparing median household income to the United States average of $60,293, Richmond township-Howard County is approximately three-fourths the size. Also, compared to the state of Missouri, median household income of $53,560, Richmond township-Howard County is about 17.5% smaller.

The next section examines a variety of different income statistics for the Richmond township-Howard County metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 38.5% of the total and is ranked #2. The only larger city being Fayette with 46.1%. Second, it has in the intermediate range of other places in the metro area when sorted by earnings between $10,000 and $14,999 at 8.2% of the total. Third, it has less than most other places in the greater region as measured by earnings of $100,000 more at 2.0% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 34.1 which is the second smallest in order of average hours of all the other places in the greater region. The city with the highest average hours in the area is Franklin which indicates an average hours of 44.8 (31.4% 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 $18.29 which is in the middle range of other places in the local area. The city with the highest average hourly earnings in the area is Harrisburg which indicates an average hourly earnings of $20.66 (13.0% larger). Comparing average hourly earnings to the United States average of $23.71, Richmond township-Howard County is approximately three-fourths the size. Also, in contrast to the state of Missouri, average hourly earnings of $21.05, Richmond township-Howard County is about 15.1% smaller.

Figure 7 examines the number of self employed people in the Richmond township-Howard County metro area based on the number of people who reported any self employment income. Richmond township-Howard County indicates it has a percentage of people self employed of 13.6% which is the second most people self employed of all the places in the greater Richmond township-Howard County region. The city with the highest percentage of people self employed in the area is Franklin which depicts a percentage self employed of 17.6% (29.7% larger).

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 $25,208 of the total and is ranked #3. Only #2 Fayette ($25,313), and #1 Glasgow ($40,938) are larger. Second, it has in the mid point range of other places in the metro area when sorted by median income-25 to 44 years at $46,182 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $57,308 of the total and is ranked #2. The only larger city being Harrisburg with $78,750. Also, it has the largest proportion of median income-65 years and over at $41,167 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 households with retirement income of 22.9% which is in the middle range of other places in the local area. The city with the highest households with retirement income in the area is Glasgow which depicts a households with retirement income of 27.5% (20.1% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $63,594 of the total and is ranked #2. The only larger city being Harrisburg with $75,000. Second, it has one of the largest proportions of white family income at $63,698 of the total and is ranked #2. The only larger city being Harrisburg with $66,875. Third, it has one of the largest proportions of black family income at $46,875 of the total and is ranked #2. The only larger city being Glasgow with $51,750.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Richmond township-Howard County depicts it has the hightest cost of 99.1 for the cost of miscellaneous items group.

Richmond township-Howard County 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 Coronavirus Pandemic the monthly unemployment rate went from 5.6% to 2.4% in December 2019. This represents a decrease in the monthly unemployment rate of 57.1%. Since that time, the monthly unemployment rate has gone to 2.4% 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 depicts that from January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 60,097 to 68,490 in November 2019. This represents an increase in the monthly labor force participation of 14.0%. Since that time, the monthly labor force participation has gone to 68,490 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 Richmond township-Howard County depicts it has an unemployment rate of 2.4% which is the second most of all the places in the local area. The city with the highest unemployment rate in the area is Armstrong which depicts a rate of 2.6% (11.7% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Richmond township-Howard County shows it has a participation rate of 57.7% which is the third most participation rates of all other places in the greater Richmond township-Howard County region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Richmond township-Howard County indicates full time employees about twice as large 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 Richmond township-Howard County area. Richmond township-Howard County depicts it has a families with a single earner of 27.8% which is the third most families with a single earner of all other places in the greater Richmond township-Howard County region. The city with the highest families with a single earner in the area is Franklin which depicts a single earners rate of 84.2% (approximately 3.0 times bigger). The percentage of families with no one working is depicted in Figure 22. Richmond township-Howard County depicts it has a families with no one working of 19.8% which is less than most other places in the greater region. The city with the highest families with no one working in the area is Glasgow which depicts a families with no worker of 29.3% (47.7% larger).

Richmond township-Howard County Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Richmond township-Howard County 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. Richmond township-Howard County depicts it has a total people earning less than the poverty level of 630 which is at the top of all other places in the greater Richmond township-Howard County region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Richmond township-Howard County shows it has a percent of people earning less than the poverty level of 21.7% 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 Armstrong which depicts a percent of people in poverty of 38.8% (78.7% larger).

In Figure 25 people who are in poverty are broken out by age group. Richmond township-Howard County has one of the largest proportions of person in poverty 18 to 34 years at 38% of the total and is ranked #2. The only larger city being Fayette with 43%. Second, it has in the middle range of other places in the greater region when ranked by person in poverty 35 to 54 years at 19% of the total. Third, 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. Richmond township-Howard County has one of the largest proportions of white poverty rate at 21% of the total and is ranked #3. Only #2 Fayette (24%), and #1 Armstrong (36%) are larger. Second, it has one of the largest proportions of american indian poverty rate at 32% of the total and is ranked #2. The only larger city being Fayette with 47%. Third, it has the largest proportion of hispanicp poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Richmond township-Howard County has the largest proportion of married with children and in poverty at 26% of the total and is ranked #1. Second, it has one of the largest proportions of unmarried male with children and in poverty at 55% of the total and is ranked #3. Only #2 New Franklin (56%), and #1 Fayette (100%) are larger. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Richmond township-Howard County has one of the largest proportions of people who are in poverty and employed at 24.9% of the total and is ranked #3. Only #2 Fayette (29.8%), and #1 Armstrong (30.3%) 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.) Richmond township-Howard County shows it has a households with public assistance of 12.6% which is less than most other places in the local area. The city with the highest households with public assistance in the area is Armstrong which depicts a households with public assistance of 22.3% (76.6% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Richmond township-Howard County shows it has a the gini index of 42.2% which is in the middle range of other places in the greater region.

Richmond township-Howard County Missouri Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Richmond township-Howard County or elsewhere.) Richmond township-Howard County has the percentage of people who carpooled the second smallest as measured by people who drove alone of all the other places in the local area at 9% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Richmond township-Howard County has the largest proportion of people who leave for work between 11am to 12noon at 1% of the total and is ranked #1. Second, it has one of the largest proportions of people who leave for work between 4pm to midnight at 7% of the total and is ranked #2. The only larger city being Fayette with 9%.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Richmond township-Howard County has one of the largest proportions of people with commute time of less than 5 minutesutes at 10% of the total and is ranked #3. Only #2 Fayette (11%), and #1 Glasgow (21%) are larger. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 23% of the total and is ranked #2. The only larger city being Fayette with 26%. Third, it has in the middle range of other places in the greater region in order of people with commute time between 10 to 14 minutes at 18% of the total. Also, it has the largest proportion of people with commute time between 35 to 39 minutes at 6% of the total and is ranked #1.

The average commute time is shown in Figure 37. Richmond township-Howard County depicts it has an average commute time of 21 which is less than most other places in the metropolitan area. Figure 38 shows the difference between male versus female commuting time. Richmond township-Howard County shows average commute time in minutes for men 32.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Richmond township-Howard County has one of the largest proportions of no vehicle available at 5% of the total and is ranked #2. The only larger city being Fayette with 6%. Second, it has less than most other places in the local area as measured by 3 vehicles available at 21% of the total. Third, it has one of the largest proportions of 4 vehicles available at 10% of the total and is ranked #2. The only larger city being Glasgow with 15%. Also, it has the second smallest in order of no vehicle available of all the other places in the greater region when ranked by 5 or more vehicles available at 3% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Richmond township-Howard County shows it has a people who both work and live in the same city of 47% which is the largest of all places in the greater Richmond township-Howard County region. Comparing people who both work and live in the same city to the United States average of 42%, Richmond township-Howard County is 12.5% larger. Also, benchmarked against the state of Missouri, people who both work and live in the same city of 40%, Richmond township-Howard County is 16.4% larger.

Richmond township-Howard County 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. Richmond township-Howard County depicts it has the hightest median earnings of $76,696 for the earnings-computer, engineering, and science occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Richmond township-Howard County depicts it has the hightest median earnings of $47,500 for the earnings-healthcare practitioners and tech occupations category. The table in Figure 48, shows Richmond township-Howard County employment data in terms of job categories and salary data.

Richmond township-Howard County 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. Richmond township-Howard County 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. Richmond township-Howard County shows it has the hightest entrepreneurs of 43% for the self employed in arts, entertainment, recreation, accommodation and food services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Richmond township-Howard County depicts it has an average annual self employment income of $19,593 which is in the mid range of other places in the greater region. The city with the highest average annual self employment income in the area is Glasgow which shows an average annual self employment income of $54,383 (approximately 2.8 times bigger). Comparing average annual self employment income to the United States average of $37,819, Richmond township-Howard County is approximately half the size. Also, compared to the state of Missouri, average annual self employment income of $31,803, Richmond township-Howard County 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.) Richmond township-Howard County shows total number of self-employed men about twice as large as the total number of self-employed women.