This section shows the Richmond County 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, Richmond County depicts it has a Median earnings of $67,321 which is the second most median earnings of all the counties in the greater Richmond County region. The county with the highest median earnings per worker in the area is Middlesex County which depicts a median earnings of $68,415 ( only slightly larger). Comparing median earnings per worker to the United States average of $53,269, Richmond County is 26.4% larger. Also, benchmarked against the state of New York, median earnings per worker of $60,620, Richmond County is 11.1% 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 $89,427 which is the second most median income of all the counties in the greater Richmond County region. The county with the highest median household income in the area is Middlesex County which depicts a median income of $96,883 (8.3% larger). Comparing median household income to the United States average of $69,021, Richmond County is 29.6% larger. Also, benchmarked against the state of New York, median household income of $75,157, Richmond County is 19.0% larger.
The next section examines a variety of different income statistics for the Richmond County metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 4.9% of the total. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 13.1% of the total and is ranked #1. 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 $34.43 which is the largest of all counties in the greater Richmond County region. Comparing average hourly earnings to the United States average of $26.40, Richmond County is 30.4% larger. Also, in contrast to the state of New York, average hourly earnings of $30.52, Richmond County is 12.8% larger.
Figure 5 examines the number of self employed people in the Richmond County metro area based on the number of people who reported any self employment income. Richmond County depicts it has a Self Employed of 8.1% which is the smallest when sorted by percentage of people self employed of all the other counties in the surrounding region. The county with the highest percentage of people self employed in the area is Kings County which depicts a percentage self employed of 12.0% (47.9% larger).
Figure 6 breaks down the source of income and Richmond County has the largest proportion of self employment income at 12.6% of the total and is ranked #1. Second, it has the largest proportion of investment and retirement income at 6.6% of the total and is ranked #1.
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 25.5% which is the highest of all counties in the greater Richmond County region.
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Richmond County shows full time employees approximately 3.9 times bigger 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. Richmond County depicts it has the hightest entrepreneurs of 16% for the self employed in educational services, health care and social assistance grouping.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Richmond County depicts it has the hightest cost of 200.3 for the cost of housing classification.
Richmond County Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Richmond County indicates it has a Percent of Population In Poverty of 10.3% which is less than most other counties in the local area. The county with the highest percent of people earning less than the poverty level in the area is Kings County which depicts a percent of people in poverty of 18.8% (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.) Richmond County shows it has a Public Assistance Percent of 12.8% which is less than most other counties in the metro area. The county with the highest households with public assistance in the area is Kings County which depicts a households with public assistance of 23.2% (about twice as large).
Richmond County Labor Force Charts
The table in Figure 13, shows Richmond County 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 COVID-19 Pandemic it went from 5.1% to 3.0% in December 2019. This represents a decrease in the monthly unemployment rate of 41.2%. Since that time, the monthly unemployment rate has gone to 3.0%. This represents an increase in the monthly unemployment rate of very little.
Richmond County 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.
Richmond County 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 Richmond County community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 17 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Richmond County has the smallest proportion of people who bicycle or walk to work at 7% of the total. Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Richmond County or elsewhere.) Richmond County has the largest proportion of people who take the bus at 19% of the total and is ranked #1. Second, it has the smallest proportion of people who take the Long-distance train or commuter rail at 0% of the total. Third, it has the smallest proportion of people who take Light rail, streetcar or trolley at 0% of the total. Also, it has the largest proportion of people who take the ferry at 3% of the total and is ranked #1. In addition, it has the smallest proportion of people who took a taxicab, motorcycle or other at 1% of the total. Furthermore, it has the smallest proportion of people who work from home at 7% of the total.
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. Richmond County shows it has a Avg Commute Time of 45 which is more than all other counties in the greater Richmond County 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.