Moyock CDP North Carolina Income Charts

This section shows the Moyock CDP North Carolina economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Moyock CDP shows it has a Median earnings of $66,455 which is more than all other places in the greater Moyock CDP region. Comparing median earnings per worker to the United States average of $53,269, Moyock CDP is 24.8% larger. Also, measured against the state of North Carolina, median earnings per worker of $47,601, Moyock CDP is 39.6% 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 $99,385 which is the most of all places in the greater Moyock CDP region. Comparing median household income to the United States average of $69,021, Moyock CDP is 44.0% larger. Also, compared to the state of North Carolina, median household income of $60,516, Moyock CDP is 64.2% larger.

The next section examines a variety of different income statistics for the Moyock CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 less than most other places in the metro area at 1.5% of the total. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 13.0% of the total and is ranked #1. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 14.7% 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 42.0 which is the second most average hours of all the places in the greater Moyock CDP region. The place with the highest average hours in the area is Coinjock CDP which depicts an average hours of 47.5 (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 $30.43 which is the highest of all places in the greater Moyock CDP region. Comparing average hourly earnings to the United States average of $26.40, Moyock CDP is 15.2% larger. Also, versus the state of North Carolina, average hourly earnings of $23.41, Moyock CDP is 30.0% larger.

Figure 7 examines the number of self employed people in the Moyock CDP metro area based on the number of people who reported any self employment income. Moyock CDP depicts it has a Self Employed of 23.3% which is the third most people self employed of all other places in the greater Moyock CDP region. The place with the highest percentage of people self employed in the area is South Mills CDP which depicts a percentage self employed of 39.7% (70.6% 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 $128,676 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $106,080 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $52,632 of the total and is ranked #2. The only larger place being Chesapeake with $64,353.

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 23.5% which is in the mid range of other places in the local area. The place with the highest households with retirement income in the area is Sunbury CDP which depicts a households with retirement income of 60.0% (approximately 2.6 times bigger).

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 $106,932 of the total and is ranked #2. The only larger place being Chesapeake with $111,740. Second, it has the largest proportion of white family income at $133,393 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Moyock CDP depicts it has the hightest cost of 111.3 for the cost of housing classification.

Moyock CDP North Carolina 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 February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 7.7% to 2.5% 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 3.2% This represents an increase in the monthly unemployment rate of 28.0%. 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 111,472 to 125,811 in March 2020. This represents an increase in the monthly labor force participation of 12.9%. Since that time, the monthly labor force participation has gone to 122,828 This represents a decrease in the monthly labor force participation of 2.4%.

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 Moyock CDP shows it has a Unemployment Rate of 0.6% which is less than most other places in the local area. The place with the highest unemployment rate in the area is South Mills CDP which depicts a rate of 8.5% ( substantially bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Moyock CDP depicts it has a Labor Force Participation of 74.1% which is the third most participation rates of all other places in the greater Moyock CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Moyock CDP depicts full time employees considerably 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 Moyock CDP area. Moyock CDP depicts it has a Single Earner Families of 20.7% which is the second smallest in order of families with a single earner of all the other places in the local area. The place with the highest families with a single earner in the area is Coinjock CDP which depicts a single earners rate of 54.2% (approximately 2.6 times bigger). The percentage of families with no one working is depicted in Figure 22. Moyock CDP depicts it has a Families with No One Working of 8.3% which is less than most other places in the metro area. The place with the highest families with no one working in the area is Coinjock CDP which shows a families with no worker of 45.8% ( very much bigger).

Moyock CDP North Carolina Poverty Charts

The next section details economy analysis about poverty for residents of the Moyock 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. Moyock CDP depicts it has a Total In Poverty of 124 which is in the mid range of other places in the metro area. The place with the highest total people earning less than the poverty level in the area is Chesapeake which shows a total people earning less than the poverty level of 19,272 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Moyock CDP depicts it has a Percent of Population In Poverty of 2.5% which is less than most other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is South Mills CDP which shows a percent of people in poverty of 46.2% ( very much bigger).

In Figure 25 people who are in poverty are broken out by age group. Moyock CDP has one of the largest proportions of person in poverty 12 to 17 years at 40% of the total and is ranked #2. The only larger place being Camden CDP with 100%. Second, it has the largest proportion of person in poverty 35 to 54 years at 22% of the total and is ranked #1. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 10% of the total and is ranked #2. The only larger place being Coinjock CDP with 100%.

Figure 27 shows key poverty statistics for groups based on marriage status. Moyock CDP has the percentage of married with children and in poverty in the mid point range of other places in the metro area at 3% of the total. Second, it has in the mid range of other places in the local area when ranked by unmarried with children and in poverty at 7% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Moyock CDP has the percentage of less than highschool in poverty less than most other places in the surrounding region at 3% 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. Moyock CDP has the largest proportion of people who are in poverty and unemployed at 33.9% of the total and is ranked #1.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Moyock CDP shows it has a Gini Index of 34.8% which is the second smallest when ranked by the gini index of all the other places in the local area.

Moyock CDP North Carolina Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Moyock CDP or elsewhere.) Moyock CDP has one of the largest proportions of people who drove alone at 82% of the total and is ranked #2. The only larger place being South Mills CDP with 100%. Second, it has less than most other places in the local area when sorted by people who carpooled at 9% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Moyock CDP has the percentage of people who leave for work between 12am to 5am in the mid range of other places in the area at 5% of the total. Second, it has the largest proportion of people who leave for work between 7am to 730am at 22% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 830 am to 9am at 7% 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. Moyock CDP has the percentage of people with commute time of less than 5 minutesutes in the center range of other places in the metropolitan area at 14% of the total. Second, it has less than most other places in the metro area when sorted by people with commute time between 5 to 9 minutes at 0% of the total. Third, it has the largest proportion of people with commute time between 35 to 39 minutes at 6% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 40 to 44 minutes at 34% of the total and is ranked #1.

The average commute time is shown in Figure 37. Moyock CDP shows it has a Avg Commute Time of 36 which is the third most average commute time of all other places in the greater Moyock CDP region. Figure 38 shows the difference between male versus female commuting time. Moyock CDP shows average commute time in minutes for men about twice as large as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Moyock CDP has the percentage of no vehicle available the second smallest in order of no vehicle available of all the other places in the metropolitan area at 8% of the total. Second, it has less than most other places in the metro area in order of 1 vehicle available at 32% of the total. Third, it has the largest proportion of 3 vehicles available at 19% of the total and is ranked #1. Also, it has one of the largest proportions of 4 vehicles available at 19% of the total and is ranked #2. The only larger place being Camden CDP with 20%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Moyock CDP depicts it has a Work in city or place where live of 20% which is in the middle range of other places in the surrounding region. The place with the highest people who both work and live in the same city in the area is Elizabeth City which shows a people who both work and live in the same city of 57% (approximately 2.8 times bigger). Comparing people who both work and live in the same city to the United States average of 44%, Moyock CDP is approximately half the size. Also, measured against the state of North Carolina, people who both work and live in the same city of 52%, Moyock CDP is approximately a third the size.

Moyock CDP North Carolina 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. Moyock CDP depicts it has the hightest median earnings of $100,707 for the earnings-sales and office occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Moyock CDP depicts it has the hightest median earnings of $105,214 for the earnings-education, legal, community service, arts, media occupations classification. The table in Figure 48, shows Moyock CDP employment data in terms of job categories and salary data.

Moyock CDP North Carolina 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. Moyock CDP indicates it has the hightest entrepreneurs of 52% for the self employed management, business, science, and arts businesses aggregate.

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. Moyock CDP shows it has the hightest entrepreneurs of 40% for the self employed in educational services, health care and social assistance aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Moyock CDP depicts it has a Self Employment Income of $69,753 which is more than all other places in the greater Moyock CDP region. Comparing average annual self employment income to the United States average of $42,141, Moyock CDP is 65.5% larger. Also, measured against the state of North Carolina, average annual self employment income of $34,823, Moyock CDP is about twice as large.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Moyock CDP shows total number of self-employed men approximately 2.5 times bigger as the total number of self-employed women.