Peru CDP New York Income Charts

This section shows the Peru CDP New York economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Peru CDP depicts it has a Median earnings of $56,875 which is the highest of all places in the greater Peru CDP region. Comparing median earnings per worker to the United States average of $50,459, Peru CDP is 12.7% larger. Also, benchmarked against the state of New York, median earnings per worker of $56,743, Peru CDP is about the same 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 $61,695 which is the third most of all other places in the metro area. The place with the highest median household income in the area is Morrisonville CDP which depicts a median income of $65,750 (6.6% larger). Comparing median household income to the United States average of $64,994, Peru CDP is about 5.3% smaller. Also, in comparison with the state of New York, median household income of $71,117, Peru CDP is about 15.3% smaller.

The next section examines a variety of different income statistics for the Peru CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 11.1% 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 metro area when ranked by earnings between $15,000 and $19,999 at 22.2% of the total. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 13.8% 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 35.3 which is less than most other places in the metro area. The place with the highest average hours in the area is Morrisonville CDP which depicts an average hours of 39.9 (13.0% 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 $30.98 which is is the uppermost of the places in the greater Peru CDP region. Comparing average hourly earnings to the United States average of $25.01, Peru CDP is 23.9% larger. Also, in contrast to the state of New York, average hourly earnings of $28.49, Peru CDP is 8.8% larger.

Figure 7 examines the number of self employed people in the Peru CDP metro area based on the number of people who reported any self employment income. Peru CDP depicts it has a Self Employed of 10.6% which is the third most people self employed of all other places in the greater Peru CDP region. The place with the highest percentage of people self employed in the area is Au Sable Forks CDP which depicts a percentage self employed of 23.6% (approximately 2.2 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $91,657 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $125,119 of the total and is ranked #1. Third, it has in the mid range of other places in the metro area when sorted by median income-45 to 64 years at $23,958 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 With Retirement Income of 29.3% which is the second most households with retirement income of all the places in the greater Peru CDP region. The place with the highest households with retirement income in the area is Au Sable Forks CDP which shows a households with retirement income of 34.3% (17.0% 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 $81,976 of the total and is ranked #3. Only #2 Morrisonville CDP ($89,063), and #1 Au Sable Forks CDP ($97,946) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Peru CDP depicts it has the hightest cost of 119.4 for the cost of utilities aggregate.

Peru CDP New York 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 January 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 6.8% to 2.3% in March 2020. This represents a decrease in the monthly unemployment rate of 66.2%. Since that time, the monthly unemployment rate has gone to 2.5% This represents an increase in the monthly unemployment rate of 8.7%. 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 January 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 1,028 to 1,012 in March 2020. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 981 This represents a decrease in the monthly labor force participation of 3.1%.

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 Peru CDP shows it has a Unemployment Rate of 1.5% which is the second smallest when ranked by unemployment rate of all the other places in the metro area. The place with the highest unemployment rate in the area is Parc CDP which depicts a rate of 25.3% ( very much bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Peru CDP depicts it has a Labor Force Participation of 52.0% which is the smallest in terms of participation rate of all the other places in the local area.

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). Peru CDP has the largest proportion of unemployed at 48.0% 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. Peru CDP depicts full time employees approximately 2.8 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 Peru CDP area. Peru CDP depicts it has a Single Earner Families of 4.4% which is the second smallest when sorted by families with a single earner of all the other places in the metro area. The place with the highest families with a single earner in the area is Keeseville which shows a single earners rate of 36.3% ( substantially bigger). The percentage of families with no one working is depicted in Figure 22. Peru CDP shows it has a Families with No One Working of 33.6% which is the highest of all places in the greater Peru CDP region.

Peru CDP New York Poverty Charts

The next section details economy analysis about poverty for residents of the Peru 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. Peru CDP depicts it has a Total In Poverty of 139 which is in the mid range of other places in the local area. The place with the highest total people earning less than the poverty level in the area is Plattsburgh which shows a total people earning less than the poverty level of 3,101 ( quite a bit bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Peru CDP shows it has a Percent of Population In Poverty of 9.0% which is less than most other places in the surrounding region. The place with the highest percent of people earning less than the poverty level in the area is Plattsburgh which depicts a percent of people in poverty of 19.1% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Peru CDP has the percentage of person in poverty 12 to 17 years the second smallest in terms of person in poverty under 12 years of all the other places in the local area at 4% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 40% of the total and is ranked #1. Third, it has less than most other places in the greater region when ranked by person in poverty 35 to 54 years at 13% of the total. Also, it has the largest proportion of person in poverty 55 to 64 years at 43% 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. Peru CDP has the largest proportion of less than highschool in poverty at 27% of the total and is ranked #1. Second, it has the second smallest when sorted by less than highschool in poverty of all the other places in the metropolitan area in terms of highschool graduate and in poverty at 6% 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. Peru CDP has the percentage of people who are in poverty and unemployed the second smallest as measured by people who are in poverty and employed of all the other places in the metro area at 5.0% 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.) Peru CDP depicts it has a Public Assistance Percent of 20.9% which is the second most households with public assistance of all the places in the greater Peru CDP region. The place with the highest households with public assistance in the area is Keeseville which depicts a households with public assistance of 22.0% (only about 5.1% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Peru CDP depicts it has a Gini Index of 40.0% which is in the center range of other places in the greater region.

Peru CDP New York Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Peru CDP or elsewhere.) Peru CDP has the smallest proportion of people who drove alone at 73% of the total. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 9% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Peru CDP has the largest proportion of people who leave for work between 630 am to 7am at 22% 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. Peru CDP has the smallest proportion of people with commute time of less than 5 minutesutes at 6% of the total. Second, it has in the center range of other places in the area when ranked by people with commute time between 5 to 9 minutes at 29% of the total. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 38% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 60 to 89 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Peru CDP shows it has a Avg Commute Time of 19 which is the third most average commute time of all other places in the greater Peru CDP region. Figure 38 shows the difference between male versus female commuting time. Peru CDP depicts average commute time in minutes for men approximately three-fourths the size as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Peru CDP has the smallest proportion of no vehicle available at 3% of the total. Second, it has one of the largest proportions of 1 vehicle available at 60% of the total and is ranked #3. Only #2 Au Sable Forks CDP (61%), and #1 Parc CDP (70%) are larger. Third, it has the largest proportion of 2 vehicles available at 37% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Peru CDP depicts it has a Work in city or place where live of 18% which is the third most people who both work and live in the same city of all other places in the greater Peru CDP region. The place with the highest people who both work and live in the same city in the area is Plattsburgh which shows a people who both work and live in the same city of 54% (approximately 2.9 times bigger). Comparing people who both work and live in the same city to the United States average of 43%, Peru CDP is approximately half the size. Also, compared to the state of New York, people who both work and live in the same city of 60%, Peru CDP is approximately a third the size.

Peru CDP New York 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. Peru CDP shows it has the hightest median earnings of $99,038 for the management, business, and financial occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Peru CDP depicts it has the hightest median earnings of $50,741 for the earnings-education, legal, community service, arts, media occupations grouping. The table in Figure 48, shows Peru CDP employment data in terms of job categories and salary data.

Peru CDP New York 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. Peru CDP depicts it has the hightest entrepreneurs of 100% for the self employed in production, transportation, and material moving businesses classification.

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. Peru CDP depicts it has the hightest entrepreneurs of 100% for the self employed in wholesale trade classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Peru CDP depicts it has a Self Employment Income of $13,686 which is less than most other places in the local area. The place with the highest average annual self employment income in the area is Plattsburgh West CDP which depicts an average annual self employment income of $53,875 (approximately 3.9 times bigger). Comparing average annual self employment income to the United States average of $40,101, Peru CDP is approximately a third the size. Also, measured against the state of New York, average annual self employment income of $45,938, Peru CDP is approximately a third the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Peru CDP shows total number of self-employed men approximately a third the size as the total number of self-employed women.