Sherwood CDP Ohio Income Charts

This section shows the Sherwood CDP Ohio economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Sherwood CDP shows it has a Median earnings of $75,795 which is the third most median earnings of all other places in the greater Sherwood CDP region. The place with the highest median earnings per worker in the area is Dry Run CDP which shows a median earnings of $96,341 (27.1% larger). Comparing median earnings per worker to the United States average of $53,269, Sherwood CDP is 42.3% larger. Also, measured against the state of Ohio, median earnings per worker of $51,482, Sherwood CDP is 47.2% 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 $130,152 which is the third most median income of all other places in the greater Sherwood CDP region. The place with the highest median household income in the area is Dry Run CDP which depicts a median income of $154,722 (18.9% larger). Comparing median household income to the United States average of $69,021, Sherwood CDP is about twice as large. Also, measured against the state of Ohio, median household income of $61,938, Sherwood CDP is about twice as large.

The next section examines a variety of different income statistics for the Sherwood CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest when ranked by median earnings of less than $10,000 of all the other places in the metro area at 2.8% 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 41.9 which is the highest of all places in the greater Sherwood CDP region. 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 $34.79 which is the third most average hourly earnings of all other places in the greater Sherwood CDP region. The place with the highest average hourly earnings in the area is Dry Run CDP which depicts an average hourly earnings of $47.38 (36.2% larger). Comparing average hourly earnings to the United States average of $26.40, Sherwood CDP is 31.8% larger. Also, versus the state of Ohio, average hourly earnings of $25.78, Sherwood CDP is 34.9% larger.

Figure 7 examines the number of self employed people in the Sherwood CDP metro area based on the number of people who reported any self employment income. Sherwood CDP depicts it has a Self Employed of 14.6% which is in the mid range of other places in the area. The place with the highest percentage of people self employed in the area is Turpin Hills CDP which depicts a percentage self employed of 22.3% (53.0% 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 $107,266 of the total and is ranked #3. Only #2 Turpin Hills CDP ($122,330), and #1 Dry Run CDP ($166,154) are larger. Second, it has one of the largest proportions of median income-25 to 44 years at $168,690 of the total and is ranked #3. Only #2 Dry Run CDP ($178,229), and #1 Turpin Hills CDP ($200,539) are larger. Third, it has in the middle range of other places in the surrounding region in order of median income-45 to 64 years at $65,038 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 22.9% which is the second most households with retirement income of all the places in the greater Sherwood CDP region. The place with the highest households with retirement income in the area is Forestville CDP which shows a households with retirement income of 32.0% (39.4% 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 $138,601 of the total and is ranked #3. Only #2 Dry Run CDP ($153,472), and #1 Turpin Hills CDP ($171,635) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Sherwood CDP depicts it has the hightest cost of 103.8 for the cost of utilities aggregate.

Sherwood CDP Ohio 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 indicates that from February 2017 to before the Coronavirus Pandemic it went from 5.1% to 3.6% in December 2019. This represents a decrease in the monthly unemployment rate of 29.4%. Since that time, the monthly unemployment rate has gone to 3.6%. 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 Coronavirus Pandemic it went from 142,307 to 147,647 in November 2019. This represents an increase in the monthly labor force participation of 3.8%. Since that time, the monthly labor force participation has gone to 147,647. 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 Sherwood CDP depicts it has a Unemployment Rate of 3.3% which is the second most unemployment rate of all the places in the greater Sherwood CDP region. The place with the highest unemployment rate in the area is Forestville CDP which shows a rate of 4.4% (34.8% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Sherwood CDP shows it has a Labor Force Participation of 73.6% which is the second most participation rates of all the places in the greater Sherwood CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Sherwood CDP shows 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 Sherwood CDP area. Sherwood CDP depicts it has a Single Earner Families of 17.6% which is the second smallest in terms of 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 Salem Heights CDP which depicts a single earners rate of 30.4% (72.2% larger). The percentage of families with no one working is depicted in Figure 22. Sherwood CDP depicts it has a Families with No One Working of 5.8% which is the second smallest when ranked by families with no one working of all the other places in the greater region. The place with the highest families with no one working in the area is Forestville CDP which shows a families with no worker of 17.2% (approximately 3.0 times bigger).

Sherwood CDP Ohio Poverty Charts

The next section details economy analysis about poverty for residents of the Sherwood 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. Sherwood CDP shows it has a Total In Poverty of 36 which is the smallest in terms of total people earning less than the poverty level of all the other places in the greater region. The place with the highest total people earning less than the poverty level in the area is Forestville CDP which depicts a total people earning less than the poverty level of 472 ( 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. Sherwood CDP depicts it has a Percent of Population In Poverty of 1.0% which is the smallest in order of percent of people earning less than the poverty level of all the other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Fruit Hill CDP which depicts a percent of people in poverty of 8.0% ( substantially bigger).

Figure 27 shows key poverty statistics for groups based on marriage status. Sherwood CDP has the percentage of married with children and in poverty in the mid range of other places in the surrounding region at 11% of the total. Second, it has one of the largest proportions of unmarried female with children and in poverty at 21% of the total and is ranked #3. Only #2 Dry Run CDP (30%), and #1 Forestville CDP (32%) are larger. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Sherwood CDP has the largest proportion of people who are in poverty and employed at 25.0% of the total and is ranked #1. Second, it has the largest proportion of people who are in poverty and unemployed at 41.7% 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.) Sherwood CDP shows it has a Public Assistance Percent of 1.6% which is the smallest as measured by households with public assistance of all the other places in the greater region. The place with the highest households with public assistance in the area is Forestville CDP which shows a households with public assistance of 5.7% (approximately 3.7 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Sherwood CDP shows it has a Gini Index of 34.7% which is the second smallest when ranked by the gini index of all the other places in the greater region.

Sherwood CDP Ohio 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 Sherwood 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.) Sherwood CDP has the largest proportion of people who drive a car or motorcycle to work at 2% of the total and is ranked #1. Second, it has the largest proportion of people who bicycle or walk to work at 19% 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 Sherwood CDP or elsewhere.) Sherwood CDP has the smallest proportion of people who drove alone at 64% of the total. Second, it has the smallest proportion of people who carpooled at 2% of the total. Third, it has the largest proportion of people who take the bus at 2% of the total and is ranked #1. Also, it has the largest proportion of people who took a taxicab, motorcycle or other at 11% of the total and is ranked #1. In addition, it has the largest proportion of people who work from home at 19% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Sherwood CDP has the largest proportion of people who leave for work between 5am to 530am at 4% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 530 am to 6am at 2% of the total. Third, it has the largest proportion of people who leave for work between 6am to 630am at 13% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 630 am to 7am at 24% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 730 am to 8am at 15% 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. Sherwood CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 19% of the total and is ranked #2. The only larger place being Fruit Hill CDP with 22%. 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 25 to 29 minutes at 11% of the total.

The average commute time is shown in Figure 37. Sherwood CDP shows it has a Avg Commute Time of 19 which is the smallest as measured by average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Sherwood CDP shows average commute time in minutes for men 28.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Sherwood CDP has the smallest proportion of no vehicle available at 2% of the total. Second, it has one of the largest proportions of 1 vehicle available at 61% of the total and is ranked #2. The only larger place being Fruit Hill CDP with 67%. Third, it has the second smallest in order of no vehicle available of all the other places in the local area in order of 2 vehicles available at 17% of the total. Also, it has the largest proportion of 3 vehicles available at 18% of the total and is ranked #1. In addition, it has less than most other places in the greater region in order of 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.) Sherwood CDP shows it has a Work in city or place where live of 32% which is the highest of all places in the metro area. Comparing people who both work and live in the same city to the United States average of 44%, Sherwood CDP is approximately three-fourths the size. Also, compared to the state of Ohio, people who both work and live in the same city of 36%, Sherwood CDP is about 13.2% smaller.

Sherwood CDP Ohio 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. Sherwood CDP depicts it has the hightest median earnings of $128,036 for the earnings-sales and office occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Sherwood CDP shows it has the hightest median earnings of $157,823 for the management, business, and financial occupations aggregate. The table in Figure 48, shows Sherwood CDP employment data in terms of job categories and salary data.

Sherwood CDP Ohio 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. Sherwood CDP shows it has the hightest entrepreneurs of 100% 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. Sherwood CDP depicts it has the hightest entrepreneurs of 100% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Sherwood CDP depicts it has a Self Employment Income of $52,411 which is the third most average annual self employment income of all other places in the greater Sherwood CDP region. The place with the highest average annual self employment income in the area is Dry Run CDP which depicts an average annual self employment income of $103,931 (about twice as large). Comparing average annual self employment income to the United States average of $42,141, Sherwood CDP is 24.4% larger. Also, measured against the state of Ohio, average annual self employment income of $35,759, Sherwood CDP is 46.6% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Sherwood CDP depicts total number of self-employed men 30.4% larger as the total number of self-employed women.