Villa Ridge CDP Missouri Income Charts

This section shows the Villa Ridge CDP Missouri economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Villa Ridge CDP depicts it has a Median earnings of $41,102 which is less than most other places in the local area. The place with the highest median earnings per worker in the area is Augusta which shows a median earnings of $54,583 (32.8% larger). Comparing median earnings per worker to the United States average of $49,041, Villa Ridge CDP is about 19.3% smaller. Also, measured against the state of Missouri, median earnings per worker of $44,279, Villa Ridge CDP is about 7.7% 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 $55,352 which is in the mid point range of other places in the local area. The place with the highest median household income in the area is Augusta which depicts a median income of $66,071 (19.4% larger). Comparing median household income to the United States average of $62,843, Villa Ridge CDP is about 13.5% smaller. Also, in contrast to the state of Missouri, median household income of $55,461, Villa Ridge CDP is about the same size.

The next section examines a variety of different income statistics for the Villa Ridge CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 15.7% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.8 which is less than most other places in the local area. The place with the highest average hours in the area is Pacific which shows an average hours of 40.1 (only about 3.4% 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 $20.37 which is less than most other places in the greater region. The place with the highest average hourly earnings in the area is Augusta which depicts an average hourly earnings of $27.41 (34.5% larger). Comparing average hourly earnings to the United States average of $24.31, Villa Ridge CDP is about 19.3% smaller. Also, compared to the state of Missouri, average hourly earnings of $21.89, Villa Ridge CDP is about 7.5% smaller.

Figure 7 examines the number of self employed people in the Villa Ridge CDP metro area based on the number of people who reported any self employment income. Villa Ridge CDP indicates it has a Self Employed of 12.5% which is more than all other places in the greater Villa Ridge CDP region.

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-25 to 44 years at $57,143 of the total and is ranked #3. Only #2 Washington ($69,647), and #1 Augusta ($108,750) are larger. Second, it has the largest proportion of median income-45 to 64 years at $55,833 of the total and is ranked #1.

Figure 9 breaks down the source of income and Villa Ridge CDP has the largest proportion of self employment income at 18.7% of the total and is ranked #1. Second, it has the largest proportion of investment and retirement income at 15.9% 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 35.8% which is the most of all places in the greater Villa Ridge CDP region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $57,972 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. Villa Ridge CDP shows it has the hightest cost of 100.8 for the cost of healthcare grouping.

Villa Ridge CDP 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 2006 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 4.8% to 3.5% in February 2020. This represents a decrease in the monthly unemployment rate of 27.1%. Since that time, the monthly unemployment rate has gone to 6.2% This represents an increase in the monthly unemployment rate of 77.1%. 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 COVID-19 Pandemic the monthly labor force participation went from 18,532 to 19,080 in February 2020. This represents an increase in the monthly labor force participation of 3.0%. Since that time, the monthly labor force participation has gone to 18,597 This represents a decrease in the monthly labor force participation of 2.5%.

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 Villa Ridge CDP shows it has a Unemployment Rate of 7.2% which is ranked #1 of all places in the greater Villa Ridge CDP region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Villa Ridge CDP depicts it has a Labor Force Participation of 56.4% which is the smallest in terms of participation rate of all the other places in the surrounding 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). Villa Ridge CDP has the largest proportion of employed at 7.2% of the total and is ranked #1. Second, it has the largest proportion of unemployed at 43.6% 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. Villa Ridge CDP depicts full time employees approximately 3.2 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 Villa Ridge CDP area. Villa Ridge CDP depicts it has a Single Earner Families of 27.9% which is more than all other places in the greater Villa Ridge CDP region. The percentage of families with no one working is depicted in Figure 22. Villa Ridge CDP depicts it has a Families with No One Working of 38.4% which is at the top of all other places in the greater Villa Ridge CDP region.

Villa Ridge CDP Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Villa Ridge CDP 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. Villa Ridge CDP shows it has a Total In Poverty of 57 which is less than most other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is Union which shows a total people earning less than the poverty level of 1,253 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Villa Ridge CDP depicts it has a Percent of Population In Poverty of 2.2% which is the smallest when sorted by percent of people earning less than the poverty level of all the other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Pacific which depicts a percent of people in poverty of 14.7% ( considerably bigger).

In Figure 25 people who are in poverty are broken out by age group. Villa Ridge CDP has the largest proportion of person in poverty 35 to 54 years at 72% 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. Villa Ridge CDP has the smallest proportion of less than highschool in poverty at 3% 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. Villa Ridge CDP has the largest proportion of people who are in poverty and employed at 28.1% of the total and is ranked #1. Second, it has the largest proportion of people who are in poverty and unemployed at 71.9% of the total and is ranked #1. 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.) Villa Ridge CDP shows it has a Public Assistance Percent of 6.7% which is less than most other places in the metro area. The place with the highest households with public assistance in the area is Union which shows a households with public assistance of 17.4% (approximately 2.6 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Villa Ridge CDP depicts it has a Gini Index of 36.8% which is the second smallest when sorted by the gini index of all the other places in the metro area.

Villa Ridge CDP Missouri Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Villa Ridge CDP or elsewhere.) Villa Ridge CDP has the largest proportion of people who drove alone at 92% of the total and is ranked #1. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 3% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Villa Ridge CDP has the percentage of people who leave for work between 12am to 5am less than most other places in the metro area at 3% of the total. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 23% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 8% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Villa Ridge CDP has the smallest proportion of people with commute time of less than 5 minutesutes at 3% of the total. Second, it has less than most other places in the area when ranked by people with commute time between 5 to 9 minutes at 12% of the total. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 17% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 45 to 59 minutes at 2% of the total.

The average commute time is shown in Figure 37. Villa Ridge CDP shows it has a Avg Commute Time of 26 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Villa Ridge CDP shows average commute time in minutes for men 37.7% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Villa Ridge CDP has one of the largest proportions of no vehicle available at 25% of the total and is ranked #2. The only larger place being Gray Summit CDP with 26%. Second, it has the smallest proportion of 1 vehicle available at 23% of the total. Third, it has one of the largest proportions of 3 vehicles available at 21% of the total and is ranked #2. The only larger place being Lake Tekakwitha with 23%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Villa Ridge CDP depicts it has a Work in city or place where live of 11% which is less than most other places in the surrounding region. The place with the highest people who both work and live in the same city in the area is Washington which depicts a people who both work and live in the same city of 53% (approximately 4.8 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Villa Ridge CDP is approximately a quarter the size. Also, in contrast to the state of Missouri, people who both work and live in the same city of 40%, Villa Ridge CDP is approximately a third the size.

Villa Ridge CDP 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. Villa Ridge CDP shows it has the hightest median earnings of $63,088 for the earnings-natural resources, construction, maintenance occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Villa Ridge CDP shows it has the hightest median earnings of $85,000 for the management, business, and financial occupations aggregate. The table in Figure 48, shows Villa Ridge CDP employment data in terms of job categories and salary data.

Villa Ridge CDP 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. Villa Ridge CDP depicts it has the hightest entrepreneurs of 100% for the self employed in sales and office related 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. Villa Ridge CDP depicts it has the hightest entrepreneurs of 100% for the self employed in construction category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Villa Ridge CDP shows it has a Self Employment Income of $15,987 which is less than most other places in the greater region. The place with the highest average annual self employment income in the area is Washington which shows an average annual self employment income of $33,205 (about twice as large). Comparing average annual self employment income to the United States average of $39,154, Villa Ridge CDP is approximately half the size. Also, benchmarked against the state of Missouri, average annual self employment income of $33,069, Villa Ridge CDP is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Villa Ridge CDP depicts total number of self-employed men approximately three-fourths the size as the total number of self-employed women.