Craven County Income Charts

This section shows the Craven County North Carolina economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Craven County shows it has a Median earnings of $41,634 which is the second most median earnings of all the counties in the greater Craven County region. The county with the highest median earnings per worker in the area is Carteret County which shows a median earnings of $44,001 (only about 5.7% larger). Comparing median earnings per worker to the United States average of $49,041, Craven County is about 17.8% smaller. Also, measured against the state of North Carolina, median earnings per worker of $43,716, Craven County is only about 5.0% smaller.

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 $52,687 which is the second most of all the counties in the surrounding region. The county with the highest median household income in the area is Carteret County which shows a median income of $57,194 (8.6% larger). Comparing median household income to the United States average of $62,843, Craven County is about 19.3% smaller. Also, measured against the state of North Carolina, median household income of $54,602, Craven County is only about 3.6% smaller.

The next section examines a variety of different income statistics for the Craven County metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $50,000 and $74,999 at 7.1% 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 40.3 which is the second most average hours of all the counties in the greater Craven County region. The county with the highest average hours in the area is Onslow County which shows an average hours of 43.9 (8.9% 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 $19.87 which is in the center range of other counties in the local area. The county with the highest average hourly earnings in the area is Carteret County which shows an average hourly earnings of $22.04 (10.9% larger). Comparing average hourly earnings to the United States average of $24.31, Craven County is about 22.3% smaller. Also, versus the state of North Carolina, average hourly earnings of $21.45, Craven County is about 7.9% smaller.

Figure 7 examines the number of self employed people in the Craven County metro area based on the number of people who reported any self employment income. Craven County depicts it has a Self Employed of 7.7% which is in the mid point range of other counties in the greater region. The county with the highest percentage of people self employed in the area is Carteret County which depicts a percentage self employed of 13.6% (75.4% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $54,888 of the total and is ranked #3. Only #2 Onslow County ($57,733), and #1 Carteret County ($69,304) are larger. Second, it has one of the largest proportions of median income-25 to 44 years at $63,323 of the total and is ranked #2. The only larger county being Carteret County with $63,724. Third, it has one of the largest proportions of median income-45 to 64 years at $45,899 of the total and is ranked #2. The only larger county being Carteret County with $46,319.

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 27.7% which is in the mid range of other counties in the surrounding region. The county with the highest households with retirement income in the area is Pamlico County which shows a households with retirement income of 33.0% (19.1% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $72,437 of the total and is ranked #1. Second, it has less than most other counties in the greater region when sorted by white family income at $42,123 of the total. Third, it has the largest proportion of black family income at $41,404 of the total and is ranked #1. Also, it has one of the largest proportions of american indian family income at $40,772 of the total and is ranked #3. Only #2 Onslow County ($43,568), and #1 Carteret County ($91,028) are larger. In addition, it has the largest proportion of asian family income at $65,188 of the total and is ranked #1. Furthermore, it has in the mid range of other counties in the greater region when ranked by hawaiian family income at $41,995 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Craven County depicts it has the hightest cost of 108.8 for the cost of utilities group.

Craven County 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 Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 11.7% to 3.8% in February 2020. This represents a decrease in the monthly unemployment rate of 67.5%. Since that time, the monthly unemployment rate has gone to 5.8% This represents an increase in the monthly unemployment rate of 52.6%. 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 COVID-19 Pandemic the monthly labor force participation went from 41,928 to 42,227 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 40,853 This represents a decrease in the monthly labor force participation of 3.3%.

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 Craven County depicts it has a Unemployment Rate of 3.7% which is less than most other counties in the area. The county with the highest unemployment rate in the area is Lenoir County which depicts a rate of 6.5% (72.9% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Craven County shows it has a Labor Force Participation of 60.6% which is the second most of all the counties in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Craven County indicates full time employees approximately 4.2 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 Craven County area. Craven County indicates it has a Single Earner Families of 31.5% which is less than most other counties in the local area. The county with the highest families with a single earner in the area is Jones County which depicts a single earners rate of 38.0% (20.8% larger). The percentage of families with no one working is depicted in Figure 22. Craven County depicts it has a Families with No One Working of 21.7% which is less than most other counties in the surrounding region. The county with the highest families with no one working in the area is Pamlico County which depicts a families with no worker of 33.7% (55.2% larger).

Craven County Poverty Charts

The next section details economy analysis about poverty for residents of the Craven County 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. Craven County shows it has a Total In Poverty of 14,773 which is the second most total people earning less than the poverty level of all the counties in the greater Craven County region. The county with the highest total people earning less than the poverty level in the area is Onslow County which depicts a total people earning less than the poverty level of 23,065 (56.1% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Craven County shows it has a Percent of Population In Poverty of 15.2% which is in the middle range of other counties in the metropolitan area. The county with the highest percent of people earning less than the poverty level in the area is Jones County which shows a percent of people in poverty of 24.5% (60.7% larger).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Craven County has the percentage of black poverty rate less than most other counties in the area at 18% of the total. Second, it has the largest proportion of american indian poverty rate at 32% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Craven County has the largest proportion of people who are in poverty and employed at 7.5% of the total and is ranked #1. 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.) Craven County depicts it has a Public Assistance Percent of 13.7% which is in the center range of other counties in the metropolitan area. The county with the highest households with public assistance in the area is Lenoir County which depicts a households with public assistance of 27.0% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Craven County depicts it has a Gini Index of 45.4% which is the second smallest in terms of the gini index of all the other counties in the local area.

Craven County Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Craven County or elsewhere.) Craven County has the largest proportion of people who took a taxicab, motorcycle or other at 2% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Craven County has the smallest proportion of people who leave for work between 7am to 730am at 9% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Craven County has one of the largest proportions of people with commute time of less than 5 minutesutes at 15% of the total and is ranked #2. The only larger county being Onslow County with 15%. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 22% of the total and is ranked #1. Third, it has the smallest proportion of people with commute time between 30 to 34 minutes at 1% of the total. Also, it has the smallest proportion of people with commute time between 35 to 39 minutes at 2% of the total. In addition, it has the smallest proportion of people with commute time between 40 to 44 minutes at 5% of the total.

The average commute time is shown in Figure 37. Craven County depicts it has a Avg Commute Time of 21 which is the smallest in order of average commute time of all the other counties in the metro area. Figure 38 shows the difference between male versus female commuting time. Craven County depicts average commute time in minutes for men 52.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Craven County has one of the largest proportions of no vehicle available at 21% of the total and is ranked #3. Only #2 Onslow County (22%), and #1 Lenoir County (23%) are larger. Second, it has the smallest proportion of 4 vehicles available at 3% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Craven County depicts it has a Work in city or place where live of 38% which is in the mid range of other counties in the metropolitan area. The county with the highest people who both work and live in the same city in the area is Onslow County which depicts a people who both work and live in the same city of 65% (70.1% larger). Comparing people who both work and live in the same city to the United States average of 42%, Craven County is about 9.3% smaller. Also, benchmarked against the state of North Carolina, people who both work and live in the same city of 51%, Craven County is approximately three-fourths the size.

Craven County 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. Craven County shows it has the hightest median earnings of $95,625 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Craven County shows it has the hightest median earnings of $59,899 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Craven County employment data in terms of job categories and salary data.

Craven County 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. Craven County shows it has the hightest entrepreneurs of 50% for the self employed management, business, science, and arts businesses group.

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. Craven County shows it has the hightest entrepreneurs of 21% for the self employed in educational services, health care and social assistance category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Craven County shows it has a Self Employment Income of $29,722 which is in the center range of other counties in the local area. The county with the highest average annual self employment income in the area is Beaufort County which shows an average annual self employment income of $35,595 (19.8% larger). Comparing average annual self employment income to the United States average of $39,154, Craven County is approximately three-fourths the size. Also, measured against the state of North Carolina, average annual self employment income of $31,963, Craven County is about 7.5% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Craven County shows total number of self-employed men 70.1% larger as the total number of self-employed women.