Rock Port Missouri Income Charts

This section shows the Rock Port Missouri economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Rock Port indicates it has a Median earnings of $36,875 which is less than most other places in the surrounding region. The city with the highest median earnings per worker in the area is Brownville which depicts a median earnings of $67,188 (about twice as large). Comparing median earnings per worker to the United States average of $49,041, Rock Port is approximately three-fourths the size. Also, compared to the state of Missouri, median earnings per worker of $44,279, Rock Port is about 20.1% 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 $50,388 which is the largest of all places in the local area. Comparing median household income to the United States average of $62,843, Rock Port is about 24.7% smaller. Also, benchmarked against the state of Missouri, median household income of $55,461, Rock Port is about 10.1% smaller.

The next section examines a variety of different income statistics for the Rock Port metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings between $15,000 and $19,999 at 36.7% of the total and is ranked #3. Only #2 Tarkio (38.1%), and #1 Westboro (60.0%) are larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.8 which is less than most other places in the area. The city with the highest average hours in the area is Nemaha which shows an average hours of 44.7 (12.3% 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 $17.82 which is the second smallest in terms of average hourly earnings of all the other places in the local area. The city with the highest average hourly earnings in the area is Brownville which depicts an average hourly earnings of $31.36 (76.0% larger). Comparing average hourly earnings to the United States average of $24.31, Rock Port is approximately three-fourths the size. Also, in contrast to the state of Missouri, average hourly earnings of $21.89, Rock Port is about 22.9% smaller.

Figure 7 examines the number of self employed people in the Rock Port metro area based on the number of people who reported any self employment income. Rock Port depicts it has a Self Employed of 14.6% which is the second most people self employed of all the places in the greater Rock Port region. The city with the highest percentage of people self employed in the area is Brownville which shows a percentage self employed of 16.1% (10.6% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the mid range of other places in the metropolitan area at $53,750 of the total. Second, it has in the mid point range of other places in the metropolitan area as measured by median income-25 to 44 years at $51,400 of the total. Third, it has the largest proportion of median income-45 to 64 years at $47,656 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 9.5% which is the smallest in order of households with retirement income of all the other places in the greater region. The city with the highest households with retirement income in the area is Fairfax which shows a households with retirement income of 21.8% (approximately 2.3 times bigger).

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 $67,679 of the total and is ranked #2. The only larger city being Brownville with $71,250.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Rock Port depicts it has the hightest cost of 96.0 for the cost of miscellaneous items category.

Rock Port 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 Coronavirus/COVID Pandemic the monthly unemployment rate went from 5.4% to 3.4% in February 2020. This represents a decrease in the monthly unemployment rate of 37.0%. Since that time, the monthly unemployment rate has gone to 2.9% This represents a decrease in the monthly unemployment rate of 14.7%. 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 February 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 26,101 to 27,388 in February 2020. This represents an increase in the monthly labor force participation of 4.9%. Since that time, the monthly labor force participation has gone to 27,050 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 Rock Port depicts it has a Unemployment Rate of 0.6% which is the smallest in terms of unemployment rate of all the other places in the greater region. The city with the highest unemployment rate in the area is Peru which depicts a rate of 6.9% ( substantially bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Rock Port shows it has a Labor Force Participation of 61.1% which is the third most participation rates of all other places in the greater Rock Port region.

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). Rock Port has the smallest proportion of employed at 0.6% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Rock Port shows full time employees approximately 4.1 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 Rock Port area. Rock Port indicates it has a Single Earner Families of 30.9% which is in the mid range of other places in the greater region. The city with the highest families with a single earner in the area is Westboro which depicts a single earners rate of 57.7% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Rock Port depicts it has a Families with No One Working of 16.7% which is in the mid range of other places in the greater region. The city with the highest families with no one working in the area is Fairfax which indicates a families with no worker of 24.1% (44.4% larger).

Rock Port Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Rock Port 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. Rock Port depicts it has a Total In Poverty of 141 which is in the middle range of other places in the metropolitan area. The city with the highest total people earning less than the poverty level in the area is Tarkio which shows a total people earning less than the poverty level of 227 (61.0% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Rock Port depicts it has a Percent of Population In Poverty of 10.2% which is less than most other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Peru which shows a percent of people in poverty of 33.0% (approximately 3.2 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Rock Port has the percentage of person in poverty 12 to 17 years the second smallest when ranked by person in poverty under 12 years of all the other places in the local area at 7% of the total. Second, it has one of the largest proportions of person in poverty 35 to 54 years at 27% of the total and is ranked #2. The only larger city being Westboro with 29%. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 18% of the total and is ranked #2. The only larger city being Fairfax with 24%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Rock Port 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. Rock Port has the percentage of married with children and in poverty in the middle range of other places in the metro area at 39% 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. Rock Port has one of the largest proportions of people who are in poverty and unemployed at 20.6% of the total and is ranked #2. The only larger city being Peru with 32.7%. 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.) Rock Port shows it has a Public Assistance Percent of 8.8% which is less than most other places in the surrounding region. The city with the highest households with public assistance in the area is Nemaha which depicts a households with public assistance of 12.9% (46.0% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Rock Port shows it has a Gini Index of 46.1% which is the largest of all places in the greater Rock Port region.

Rock Port Missouri Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Rock Port or elsewhere.) Rock Port has one of the largest proportions of people who drove alone at 88% of the total and is ranked #2. The only larger city being Nemaha with 96%. Second, it has the largest proportion of people who bike at 0% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Rock Port has the percentage of people who leave for work between 5am to 530am the second smallest in terms of people who leave for work between 12am to 5am of all the other places in the metro area at 4% of the total. Second, it has the largest proportion of people who leave for work between 7am to 730am at 21% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 730 am to 8am at 11% 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. Rock Port has the largest proportion of people with commute time of less than 5 minutesutes at 42% of the total and is ranked #1. Second, it has in the center range of other places in the greater region as measured by people with commute time between 5 to 9 minutes at 10% of the total. Third, it has the smallest proportion of people with commute time between 60 to 89 minutes at 2% of the total.

The average commute time is shown in Figure 37. Rock Port depicts it has a Avg Commute Time of 16 which is the second smallest in order of average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Rock Port depicts average commute time in minutes for men approximately 2.3 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Rock Port has the percentage of no vehicle available less than most other places in the greater region at 19% of the total. Second, it has one of the largest proportions of 1 vehicle available at 45% of the total and is ranked #3. Only #2 Fairfax (45%), and #1 Nemaha (48%) are larger. Third, it has less than most other places in the surrounding region when sorted by 4 vehicles available at 1% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Rock Port depicts it has a Work in city or place where live of 55% which is the largest of all places in the greater Rock Port region. Comparing people who both work and live in the same city to the United States average of 42%, Rock Port is 32.7% larger. Also, in comparison with the state of Missouri, people who both work and live in the same city of 40%, Rock Port is 37.5% larger.

Rock Port 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. Rock Port depicts it has the hightest median earnings of $90,417 for the management, business, and financial occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Rock Port depicts it has the hightest median earnings of $41,071 for the management, business, and financial occupations classification. The table in Figure 48, shows Rock Port employment data in terms of job categories and salary data.

Rock Port 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. Rock Port depicts it has the hightest entrepreneurs of 67% 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. Rock Port depicts it has the hightest entrepreneurs of 67% for the self employed in educational services, health care and social assistance grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Rock Port shows it has a Self Employment Income of $28,428 which is the second most average annual self employment income of all the places in the greater Rock Port region. The city with the highest average annual self employment income in the area is Fairfax which shows an average annual self employment income of $35,135 (23.6% larger). Comparing average annual self employment income to the United States average of $39,154, Rock Port is approximately three-fourths the size. Also, in comparison with the state of Missouri, average annual self employment income of $33,069, Rock Port is about 16.3% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Rock Port depicts total number of self-employed men approximately 2.9 times bigger as the total number of self-employed women.