Salt Fork township Missouri Income Charts

This section shows the Salt Fork township Missouri economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Salt Fork township shows it has a median earnings per worker of $41,343 which is the second most of all the places in the local area. The city with the highest median earnings per worker in the area is Houstonia which depicts a median earnings of $41,964 ( only slightly larger). Comparing median earnings per worker to the United States average of $47,712, Salt Fork township is about 15.4% smaller. Also, in comparison with the state of Missouri, median earnings per worker of $42,474, Salt Fork township is only about 2.7% 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 $65,781 which is more than all other places in the greater Salt Fork township region. Comparing median household income to the United States average of $60,293, Salt Fork township is 9.1% larger. Also, measured against the state of Missouri, median household income of $53,560, Salt Fork township is 22.8% larger.

The next section examines a variety of different income statistics for the Salt Fork township metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 51.7% of the total and is ranked #1. Second, it has the second smallest when ranked by median earnings of less than $10,000 of all the other places in the area in terms of earnings between $10,000 and $14,999 at 4.7% of the total. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 2.2% of the total. Also, it has the smallest proportion of earnings between $20,000 and $49,999 at 22.8% 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 37.3 which is the second smallest when ranked by average hours of all the other places in the local area. The city with the highest average hours in the area is Houstonia which depicts an average hours of 40.4 (8.3% 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 $21.32 which is the second most average hourly earnings of all the places in the greater Salt Fork township region. The city with the highest average hourly earnings in the area is Blackwater which depicts an average hourly earnings of $24.56 (15.2% larger). Comparing average hourly earnings to the United States average of $23.71, Salt Fork township is about 11.2% smaller. Also, compared to the state of Missouri, average hourly earnings of $21.05, Salt Fork township is only slightly larger.

Figure 7 examines the number of self employed people in the Salt Fork township metro area based on the number of people who reported any self employment income. Salt Fork township depicts it has a percentage of people self employed of 18.9% which is ranked #1 of all places in the greater Salt Fork township region.

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-45 to 64 years in the mid range of other places in the greater region at $51,518 of the total. Second, it has the largest proportion of median income-65 years and over at $99,643 of the total and is ranked #1.

Figure 9 breaks down the source of income and Salt Fork township has the largest proportion of investment and retirement income at 26.6% of the total and is ranked #1. Second, it has the smallest proportion of social security at 6.7% 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 9.7% which is the smallest in order of households with retirement income of all the other places in the metropolitan area. The city with the highest households with retirement income in the area is Nelson which depicts a households with retirement income of 34.9% (approximately 3.6 times bigger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $96,250 of the total and is ranked #1. Second, it has the largest proportion of white family income at $96,250 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Salt Fork township depicts it has the hightest cost of 99.1 for the cost of miscellaneous items category.

Salt Fork township 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 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 Salt Fork township shows it has an unemployment rate of 14.3% which is ranked #1 of all places in the greater Salt Fork township region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Salt Fork township shows it has a participation rate of 65.6% which is the highest of all places in the greater Salt Fork township 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). Salt Fork township has the smallest proportion of employed at 51.3% of the total. Second, it has the largest proportion of unemployed at 14.3% of the total and is ranked #1. Third, it has the smallest proportion of not in labor force at 34.4% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Salt Fork township shows full time employees approximately 3.1 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 Salt Fork township area. Salt Fork township shows it has a families with a single earner of 77.1% which is the highest of all places in the greater Salt Fork township region. The percentage of families with no one working is depicted in Figure 22. Salt Fork township shows it has a families with no one working of 2.5% which is the smallest as measured by families with no one working of all the other places in the greater region. The city with the highest families with no one working in the area is Slater which shows a families with no worker of 30.0% ( very much bigger).

Salt Fork township Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Salt Fork township 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. Salt Fork township depicts it has a total people earning less than the poverty level of 130 which is the third most total people earning less than the poverty level of all other places in the greater Salt Fork township region. The city with the highest total people earning less than the poverty level in the area is Marshall which shows a total people earning less than the poverty level of 2,187 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Salt Fork township shows it has a percent of people earning less than the poverty level of 23.1% which is the second most of all the places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Slater which depicts a percent of people in poverty of 23.7% ( only slightly larger).

In Figure 25 people who are in poverty are broken out by age group. Salt Fork township has the percentage of person in poverty under 12 years less than most other places in the local area at 6% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 66% of the total and is ranked #1. Third, it has the smallest proportion of person in poverty 35 to 54 years at 10% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Salt Fork township has one of the largest proportions of white poverty rate at 23% of the total and is ranked #2. The only larger city being Slater with 26%.

Figure 27 shows key poverty statistics for groups based on marriage status. Salt Fork township has the largest proportion of unmarried with children and in poverty at 100% of the total and is ranked #1. Second, it has the largest proportion of unmarried male 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. Salt Fork township has one of the largest proportions of highschool graduate and in poverty at 22% of the total and is ranked #2. The only larger city being Blackwater with 23%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Salt Fork township has the largest proportion of people who are in poverty and employed at 58.5% of the total and is ranked #1. Second, it has the smallest proportion of people who are in poverty and not in labor force at 5.4% 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.) Salt Fork township shows it has a households with public assistance of 7.6% which is the second smallest in terms of households with public assistance of all the other places in the metro area. The city with the highest households with public assistance in the area is Nelson which shows a households with public assistance of 20.6% (approximately 2.7 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Salt Fork township depicts it has a the gini index of 40.4% which is the third most the gini index of all other places in the greater Salt Fork township region.

Salt Fork township Missouri Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Salt Fork township or elsewhere.) Salt Fork township has one of the largest proportions of people who drove alone at 98% of the total and is ranked #2. The only larger city being Nelson with 99%.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Salt Fork township has the percentage of people who leave for work between 12am to 5am less than most other places in the surrounding region at 7% of the total. Second, it has the largest proportion of people who leave for work between 830 am to 9am at 7% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 12noon to 4pm at 36% 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. Salt Fork township has the percentage of people with commute time of less than 5 minutesutes the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the metropolitan area at 1% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 9% of the total and is ranked #3. Only #2 Blackwater (15%), and #1 Marshall (39%) are larger. Third, it has less than most other places in the surrounding region in terms of people with commute time between 10 to 14 minutes at 6% of the total. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 47% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 30 to 34 minutes at 1% of the total. Furthermore, it has the largest proportion of people with commute time of 90 or more minutesutes at 13% of the total and is ranked #1.

The average commute time is shown in Figure 37. Salt Fork township depicts it has an average commute time of 31 which is the second most average commute time of all the places in the greater Salt Fork township region. Figure 38 shows the difference between male versus female commuting time. Salt Fork township shows average commute time in minutes for men very much bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Salt Fork township has the smallest proportion of 2 vehicles available at 26% of the total. Second, it has the largest proportion of 4 vehicles available at 43% of the total and is ranked #1. Third, it has one of the largest proportions of 5 or more vehicles available at 6% of the total and is ranked #2. The only larger city being Blackwater with 10%.

Salt Fork township 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. Salt Fork township shows it has the hightest median earnings of $61,838 for the earnings-sales and office occupations grouping. The table in Figure 48, shows Salt Fork township employment data in terms of job categories and salary data.

Salt Fork township Missouri Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. Salt Fork township shows it has an average annual self employment income of $83 which is the second smallest in terms of average annual self employment income of all the other places in the metropolitan area. The city with the highest average annual self employment income in the area is Marshall which shows an average annual self employment income of $35,461 ( considerably bigger). Comparing average annual self employment income to the United States average of $37,819, Salt Fork township is only about 0.2% the size. Also, in comparison with the state of Missouri, average annual self employment income of $31,803, Salt Fork township is only about 0.3% the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Salt Fork township depicts total number of self-employed men considerably bigger as the total number of self-employed women.