Port Washington CDP New York Income Charts

This section shows the Port Washington CDP New York economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Port Washington CDP depicts it has a Median earnings of $117,679 which is in the middle range of other places in the greater region. The place with the highest median earnings per worker in the area is Plandome which shows a median earnings of $250,001 (about twice as large). Comparing median earnings per worker to the United States average of $53,269, Port Washington CDP is approximately 2.2 times bigger. Also, versus the state of New York, median earnings per worker of $60,620, Port Washington CDP is about twice as large.

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 $156,214 which is less than most other places in the area. The place with the highest median household income in the area is Plandome which shows a median income of $250,001 (60.0% larger). Comparing median household income to the United States average of $69,021, Port Washington CDP is approximately 2.3 times bigger. Also, compared to the state of New York, median household income of $75,157, Port Washington CDP is about twice as large.

The next section examines a variety of different income statistics for the Port Washington CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 5.2% of the total and is ranked #2. The only larger place being Port Washington North with 5.4%. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 12.9% of the total and is ranked #1. Third, it has in the mid range of other places in the area when ranked by earnings between $75,000 and $99,999 at 39.5% of the total.

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 local area. The place with the highest average hours in the area is Flower Hill which depicts an average hours of 45.0 (13.1% 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 $56.86 which is in the intermediate range of other places in the greater region. The place with the highest average hourly earnings in the area is Plandome which depicts an average hourly earnings of $112.33 (about twice as large). Comparing average hourly earnings to the United States average of $26.40, Port Washington CDP is about twice as large. Also, measured against the state of New York, average hourly earnings of $30.52, Port Washington CDP is about twice as large.

Figure 7 examines the number of self employed people in the Port Washington CDP metro area based on the number of people who reported any self employment income. Port Washington CDP depicts it has a Self Employed of 15.1% which is in the center range of other places in the greater region. The place with the highest percentage of people self employed in the area is Baxter Estates which depicts a percentage self employed of 18.4% (22.0% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the greater region at $216,218 of the total. Second, it has in the intermediate range of other places in the greater region when ranked by median income-25 to 44 years at $203,878 of the total. Third, it has in the mid point range of other places in the greater region when sorted by median income-45 to 64 years at $98,241 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 20.5% which is the second smallest as measured by households with retirement income of all the other places in the metro area. The place with the highest households with retirement income in the area is Baxter Estates which depicts a households with retirement income of 25.0% (22.0% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income less than most other places in the greater region at $229,191 of the total. Second, it has the second smallest in terms of overall family income of all the other places in the local area in order of american indian family income at $131,314 of the total. Third, it has one of the largest proportions of hawaiian family income at $121,880 of the total and is ranked #2. The only larger place being Flower Hill with $250,001.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Port Washington CDP shows it has the hightest cost of 314.5 for the cost of housing category.

Port Washington CDP New York Labor Force Charts

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 shows that from February 2017 to before the Coronavirus Pandemic it went from 4.3% to 3.2% in December 2019. This represents a decrease in the monthly unemployment rate of 25.6%. Since that time, the monthly unemployment rate has gone to 3.2%. 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. The monthly labor force participation shows that from January 2017 to before the disasterous Covid-19 virus Pandemic it went from 112,377 to 114,853 in November 2019. This represents an increase in the monthly labor force participation of 2.2%. Since that time, the monthly labor force participation has gone to 114,853. 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 Port Washington CDP depicts it has a Unemployment Rate of 2.5% which is the second most unemployment rate of all the places in the greater Port Washington CDP region. The place with the highest unemployment rate in the area is Flower Hill which shows a rate of 2.7% (8.3% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Port Washington CDP shows it has a Labor Force Participation of 65.7% which is the second most participation rates of all the places in the greater Port Washington CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Port Washington CDP depicts full time employees approximately 3.5 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 Port Washington CDP area. Port Washington CDP shows it has a Single Earner Families of 24.3% which is the 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 Manorhaven which depicts a single earners rate of 43.2% (78.0% larger). The percentage of families with no one working is depicted in Figure 22. Port Washington CDP depicts it has a Families with No One Working of 13.7% which is less than most other places in the area. The place with the highest families with no one working in the area is Port Washington North which shows a families with no worker of 21.4% (56.9% larger).

Port Washington CDP New York Poverty Charts

The next section details economy analysis about poverty for residents of the Port Washington 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. Port Washington CDP shows it has a Total In Poverty of 894 which is the second most of all the places in the local area. The place with the highest total people earning less than the poverty level in the area is Manorhaven which shows a total people earning less than the poverty level of 1,272 (42.3% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Port Washington CDP depicts it has a Percent of Population In Poverty of 5.4% which is the second most percent of people earning less than the poverty level of all the places in the greater Port Washington CDP region. The place with the highest percent of people earning less than the poverty level in the area is Manorhaven which indicates a percent of people in poverty of 18.4% (approximately 3.4 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Port Washington CDP has one of the largest proportions of person in poverty 55 to 64 years at 19% of the total and is ranked #3. Only #2 Port Washington North (39%), and #1 Flower Hill (84%) are larger.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Port Washington CDP has the largest proportion of white poverty rate at 29% of the total and is ranked #1. Second, it has one of the largest proportions of american indian poverty rate at 14% of the total and is ranked #2. The only larger place being Manorhaven with 19%. Third, it has one of the largest proportions of hawaiian poverty rate at 13% of the total and is ranked #2. The only larger place being Manorhaven with 28%.

Figure 27 shows key poverty statistics for groups based on marriage status. Port Washington CDP has one of the largest proportions of married with children and in poverty at 46% of the total and is ranked #2. The only larger place being Plandome with 100%. Second, it has in the center range of other places in the local area in terms of unmarried with children and in poverty at 52% 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. Port Washington CDP has the percentage of people who are in poverty and unemployed less than most other places in the metro area at 9.3% 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.) Port Washington CDP shows it has a Public Assistance Percent of 3.2% which is the second most households with public assistance of all the places in the greater Port Washington CDP region. The place with the highest households with public assistance in the area is Port Washington North which depicts a households with public assistance of 4.4% (36.4% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Port Washington CDP depicts it has a Gini Index of 48.6% which is in the middle range of other places in the surrounding region.

Port Washington CDP New York Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Port Washington CDP community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Port Washington CDP has the largest proportion of people who take public transportation to work at 4% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Port Washington CDP or elsewhere.) Port Washington CDP has the largest proportion of people who walked at 4% 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. Port Washington CDP has the largest proportion of people with commute time between 10 to 14 minutes at 8% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 20 to 24 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Port Washington CDP depicts it has a Avg Commute Time of 38 which is the second smallest in terms of average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Port Washington CDP depicts average commute time in minutes for men 43.2% larger as the average commute time in minutes for women. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Port Washington CDP shows it has a Work in city or place where live of 32% which is the highest of all places in the greater Port Washington CDP region. Comparing people who both work and live in the same city to the United States average of 44%, Port Washington CDP is approximately three-fourths the size. Also, compared to the state of New York, people who both work and live in the same city of 61%, Port Washington CDP is approximately half the size.

Port Washington 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. Port Washington CDP depicts it has the hightest median earnings of $250,001 for the earnings-healthcare practitioners and tech occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Port Washington CDP shows it has the hightest median earnings of $123,750 for the earnings-education, legal, community service, arts, media occupations grouping. The table in Figure 48, shows Port Washington CDP employment data in terms of job categories and salary data.

Port Washington 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. Port Washington CDP shows it has the hightest entrepreneurs of 73% for the self employed management, business, science, and arts businesses grouping.

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. Port Washington CDP shows it has the hightest entrepreneurs of 29% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Port Washington CDP depicts it has a Self Employment Income of $84,203 which is the second smallest in order of average annual self employment income of all the other places in the area. The place with the highest average annual self employment income in the area is Plandome which depicts an average annual self employment income of $180,964 (about twice as large). Comparing average annual self employment income to the United States average of $42,141, Port Washington CDP is about twice as large. Also, measured against the state of New York, average annual self employment income of $47,595, Port Washington CDP is 76.9% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Port Washington CDP shows total number of self-employed men about 5.7% smaller as the total number of self-employed women.