Putnam Lake CDP New York Income Charts

This section shows the Putnam Lake CDP New York economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Putnam Lake CDP depicts it has a Median earnings of $58,462 which is in the intermediate range of other places in the metropolitan area. The place with the highest median earnings per worker in the area is Peach Lake CDP which depicts a median earnings of $72,424 (23.9% larger). Comparing median earnings per worker to the United States average of $49,041, Putnam Lake CDP is 19.2% larger. Also, compared to the state of New York, median earnings per worker of $54,588, Putnam Lake CDP is 7.1% larger.

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 $91,793 which is the second most median income of all the places in the greater Putnam Lake CDP region. The place with the highest median household income in the area is Peach Lake CDP which shows a median income of $117,188 (27.7% larger). Comparing median household income to the United States average of $62,843, Putnam Lake CDP is 46.1% larger. Also, in comparison with the state of New York, median household income of $68,486, Putnam Lake CDP is 34.0% larger.

The next section examines a variety of different income statistics for the Putnam Lake CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 8.3% of the total and is ranked #2. The only larger place being Brewster with 8.9%. Second, it has the second smallest as measured by median earnings of less than $10,000 of all the other places in the area as measured by earnings between $10,000 and $14,999 at 3.0% of the total. Third, it has the largest proportion of earnings between $50,000 and $74,999 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 37.9 which is the second smallest as measured by average hours of all the other places in the local area. The place with the highest average hours in the area is Brewster Hill CDP which depicts an average hours of 40.3 (6.3% 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 $29.66 which is in the middle range of other places in the surrounding region. The place with the highest average hourly earnings in the area is Peach Lake CDP which depicts an average hourly earnings of $36.46 (22.9% larger). Comparing average hourly earnings to the United States average of $24.31, Putnam Lake CDP is 22.0% larger. Also, in comparison with the state of New York, average hourly earnings of $27.34, Putnam Lake CDP is 8.5% larger.

Figure 7 examines the number of self employed people in the Putnam Lake CDP metro area based on the number of people who reported any self employment income. Putnam Lake CDP shows it has a Self Employed of 9.4% which is the second smallest when ranked by percentage of people self employed of all the other places in the greater region. The place with the highest percentage of people self employed in the area is Peach Lake CDP which shows a percentage self employed of 16.4% (74.5% larger).

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 $119,440 of the total and is ranked #1. Second, it has in the mid range of other places in the area when ranked by median income-25 to 44 years at $94,167 of the total. Third, it has less than most other places in the area in terms of median income-45 to 64 years at $51,094 of the total.

Figure 9 breaks down the source of income and Putnam Lake CDP has the smallest proportion of income from wages at 1.8% 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 23.0% which is less than most other places in the local area. The place with the highest households with retirement income in the area is Brewster Hill CDP which shows a households with retirement income of 35.1% (52.8% 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 $117,755 of the total and is ranked #3. Only #2 Pawling ($124,792), and #1 Peach Lake CDP ($135,111) are larger. Second, it has one of the largest proportions of hawaiian family income at $90,586 of the total and is ranked #2. The only larger place being Lake Carmel CDP with $113,203.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Putnam Lake CDP depicts it has the hightest cost of 118.8 for the cost of utilities aggregate.

Putnam Lake 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 depicts that from February 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 7.8% to 3.9% in February 2020. This represents a decrease in the monthly unemployment rate of 50.0%. Since that time, the monthly unemployment rate has gone to 4.9% This represents an increase in the monthly unemployment rate of 25.6%. 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 Coronavirus Pandemic the monthly labor force participation went from 6,959 to 7,096 in February 2020. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 6,826 This represents a decrease in the monthly labor force participation of 3.8%.

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 Putnam Lake CDP depicts it has a Unemployment Rate of 1.6% which is the smallest in terms of unemployment rate of all the other places in the local area. The place with the highest unemployment rate in the area is Danbury which shows a rate of 4.3% (approximately 2.7 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Putnam Lake CDP depicts it has a Labor Force Participation of 71.8% which is the second most of all the places in the greater 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). Putnam Lake CDP has the smallest proportion of employed at 1.6% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Putnam Lake CDP depicts full time employees approximately 3.0 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 Putnam Lake CDP area. Putnam Lake CDP shows it has a Single Earner Families of 20.8% which is less than most other places in the greater region. The place with the highest families with a single earner in the area is Brewster Hill CDP which depicts a single earners rate of 42.9% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Putnam Lake CDP shows it has a Families with No One Working of 15.3% which is the third most of all other places in the surrounding region. The place with the highest families with no one working in the area is Lake Carmel CDP which shows a families with no worker of 17.5% (14.4% larger).

Putnam Lake CDP New York Poverty Charts

The next section details economy analysis about poverty for residents of the Putnam Lake 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. Putnam Lake CDP depicts it has a Total In Poverty of 67 which is less than most other places in the greater region. The place with the highest total people earning less than the poverty level in the area is Danbury which depicts a total people earning less than the poverty level of 9,329 ( 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. Putnam Lake CDP shows it has a Percent of Population In Poverty of 2.0% which is the second smallest in order of percent of people earning less than the poverty level of all the other places in the surrounding region. The place with the highest percent of people earning less than the poverty level in the area is Brewster which depicts a percent of people in poverty of 25.5% ( considerably bigger).

In Figure 25 people who are in poverty are broken out by age group. Putnam Lake CDP has the percentage of person in poverty 12 to 17 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 55% of the total and is ranked #1. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 39% of the total and is ranked #2. The only larger place being Brewster Hill CDP with 100%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Putnam Lake CDP has the percentage of white poverty rate in the mid point range of other places in the local area at 2% of the total. Second, it has less than most other places in the local area when sorted by hawaiian poverty rate at 1% 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. Putnam Lake CDP has one of the largest proportions of people who are in poverty and unemployed at 19.4% of the total and is ranked #3. Only #2 Brewster (29.9%), and #1 Peach Lake CDP (100.0%) are larger. 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.) Putnam Lake CDP shows it has a Public Assistance Percent of 1.5% which is the second smallest when ranked by households with public assistance of all the other places in the metro area. The place with the highest households with public assistance in the area is Brewster which depicts a households with public assistance of 17.2% ( substantially bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Putnam Lake CDP shows it has a Gini Index of 33.8% which is the smallest in terms of the gini index of all the other places in the greater region.

Putnam Lake 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 Putnam Lake 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.) Putnam Lake CDP has the smallest proportion of people who bicycle or walk to work at 2% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Putnam Lake CDP or elsewhere.) Putnam Lake CDP has the largest proportion of people who drove alone at 85% of the total and is ranked #1. Second, it has the smallest proportion of people who work from home at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Putnam Lake CDP has the percentage of people who leave for work between 12am to 5am in the middle range of other places in the surrounding region at 3% of the total. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 20% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 830 am to 9am at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Putnam Lake CDP has the percentage of people with commute time of less than 5 minutesutes less than most other places in the local area at 6% of the total. Second, it has less than most other places in the greater region when sorted by people with commute time between 5 to 9 minutes at 8% 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.

The average commute time is shown in Figure 37. Putnam Lake CDP shows it has a Avg Commute Time of 35 which is less than most other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Putnam Lake CDP depicts average commute time in minutes for men 52.6% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Putnam Lake CDP has the smallest proportion of no vehicle available at 10% of the total. Second, it has one of the largest proportions of 2 vehicles available at 31% of the total and is ranked #2. The only larger place being Lake Carmel CDP with 33%. Third, it has the largest proportion of 3 vehicles available at 18% of the total and is ranked #1. Also, it has the second smallest in terms of no vehicle available of all the other places in the local area when sorted by 4 vehicles available at 1% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Putnam Lake CDP depicts it has a Work in city or place where live of 5% which is the smallest as measured by people who both work and live in the same city of all the other places in the metropolitan area. The place with the highest people who both work and live in the same city in the area is Danbury which depicts a people who both work and live in the same city of 42% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 42%, Putnam Lake CDP is approximately an eigth the size. Also, compared to the state of New York, people who both work and live in the same city of 60%, Putnam Lake CDP is approximately a twelfth the size.

Putnam Lake 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. Putnam Lake CDP shows it has the hightest median earnings of $104,444 for the earnings-education, legal, community service, arts, media occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Putnam Lake CDP shows it has the hightest median earnings of $74,722 for the management, business, and financial occupations aggregate. The table in Figure 48, shows Putnam Lake CDP employment data in terms of job categories and salary data.

Putnam Lake 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. Putnam Lake CDP depicts it has the hightest entrepreneurs of 62% for the self employed in natural resources, construction, and maintenance businesses category.

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. Putnam Lake CDP shows it has the hightest entrepreneurs of 62% for the self employed in construction group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Putnam Lake CDP shows it has a Self Employment Income of $19,816 which is the smallest when ranked by average annual self employment income of all the other places in the local area. The place with the highest average annual self employment income in the area is Peach Lake CDP which depicts an average annual self employment income of $49,560 (approximately 2.5 times bigger). Comparing average annual self employment income to the United States average of $39,154, Putnam Lake CDP is approximately half the size. Also, versus the state of New York, average annual self employment income of $44,456, Putnam Lake 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.) Putnam Lake CDP depicts total number of self-employed men 45.6% larger as the total number of self-employed women.