This section shows the Lakeside CDP Montana economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Lakeside CDP shows it has a Median earnings of $34,874 which is in the center range of other places in the greater region. The place with the highest median earnings per worker in the area is Bigfork CDP which depicts a median earnings of $52,586 (50.8% larger). Comparing median earnings per worker to the United States average of $53,269, Lakeside CDP is approximately three-fourths the size. Also, versus the state of Montana, median earnings per worker of $46,578, Lakeside CDP 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 $64,286 which is less than most other places in the greater region. The place with the highest median household income in the area is Rollins CDP which shows a median income of $154,375 (approximately 2.4 times bigger). Comparing median household income to the United States average of $69,021, Lakeside CDP is about 7.4% smaller. Also, compared with the state of Montana, median household income of $60,560, Lakeside CDP is 6.2% larger.
The next section examines a variety of different income statistics for the Lakeside CDP 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 46.0% of the total and is ranked #2. The only larger place being Somers CDP with 71.3%. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $22.36 which is the third most average hourly earnings of all other places in the greater Lakeside CDP region. The place with the highest average hourly earnings in the area is Bigfork CDP which shows an average hourly earnings of $27.11 (21.3% larger). Comparing average hourly earnings to the United States average of $26.40, Lakeside CDP is about 18.1% smaller. Also, versus the state of Montana, average hourly earnings of $23.45, Lakeside CDP is only about 4.9% smaller.
Figure 5 examines the number of self employed people in the Lakeside CDP metro area based on the number of people who reported any self employment income. Lakeside CDP indicates it has a Self Employed of 18.8% which is the second most people self employed of all the places in the greater Lakeside CDP region. The place with the highest percentage of people self employed in the area is Woods Bay CDP which shows a percentage self employed of 26.8% (42.7% larger).
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 46.9% which is in the middle range of other places in the local area. The place with the highest households with retirement income in the area is Dayton CDP which depicts a households with retirement income of 66.1% (40.9% larger).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Lakeside CDP depicts full time employees 37.6% larger as the part time employees.
Similar to the last chart is Figure 9 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. Lakeside CDP shows it has the hightest entrepreneurs of 64% for the self employed in agriculture, forestry, fishing and hunting, and mining aggregate.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Lakeside CDP shows it has the hightest cost of 164.1 for the cost of housing grouping.
Lakeside CDP Montana Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lakeside CDP shows it has a Percent of Population In Poverty of 21.8% which is the second most percent of people earning less than the poverty level of all the places in the greater Lakeside CDP region. The place with the highest percent of people earning less than the poverty level in the area is Forest Hill Village CDP which shows a percent of people in poverty of 41.5% (about twice as large).
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Lakeside CDP shows it has a Public Assistance Percent of 6.0% which is the third most households with public assistance of all other places in the greater Lakeside CDP region. The place with the highest households with public assistance in the area is Dayton CDP which shows a households with public assistance of 15.3% (approximately 2.6 times bigger).
Lakeside CDP Montana Labor Force Charts
The table in Figure 13, shows Lakeside CDP employment data in terms of job categories and salary data.
The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the Coronavirus Pandemic it went from 3.9% to 3.4% in December 2019. This represents a decrease in the monthly unemployment rate of 12.8%. Since that time, the monthly unemployment rate has gone to 3.4%. This represents an increase in the monthly unemployment rate of very little.
Lakeside CDP Montana Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
Lakeside CDP Montana Work Commute Charts
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. Lakeside CDP shows it has a Avg Commute Time of 23 which is the third most average commute time of all other places in the greater Lakeside CDP region.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.