Pascoag CDP Rhode Island Income Charts

This section shows the Pascoag CDP Rhode Island economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Pascoag CDP depicts it has a Median earnings of $48,500 which is the second smallest in terms of median earnings per worker of all the other places in the area. The place with the highest median earnings per worker in the area is Greenville CDP which depicts a median earnings of $64,888 (33.8% larger). Comparing median earnings per worker to the United States average of $50,459, Pascoag CDP is only about 4.0% smaller. Also, compared to the state of Rhode Island, median earnings per worker of $53,847, Pascoag CDP is about 11.0% 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 $86,741 which is the second most median income of all the places in the greater Pascoag CDP region. The place with the highest median household income in the area is Greenville CDP which shows a median income of $90,048 (only about 3.8% larger). Comparing median household income to the United States average of $64,994, Pascoag CDP is 33.5% larger. Also, versus the state of Rhode Island, median household income of $70,305, Pascoag CDP is 23.4% larger.

The next section examines a variety of different income statistics for the Pascoag CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $15,000 and $19,999 at 36.9% 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 40.2 which is more than all other places in the greater Pascoag 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 $23.20 which is the second smallest when ranked by average hourly earnings of all the other places in the surrounding region. The place with the highest average hourly earnings in the area is Greenville CDP which depicts an average hourly earnings of $31.75 (36.9% larger). Comparing average hourly earnings to the United States average of $25.01, Pascoag CDP is about 7.8% smaller. Also, measured against the state of Rhode Island, average hourly earnings of $27.32, Pascoag CDP is about 17.8% smaller.

Figure 7 examines the number of self employed people in the Pascoag CDP metro area based on the number of people who reported any self employment income. Pascoag CDP indicates it has a Self Employed of 5.9% which is less than most other places in the metro area. The place with the highest percentage of people self employed in the area is Harmony CDP which shows a percentage self employed of 23.3% (approximately 4.0 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the mid range of other places in the metropolitan area at $87,283 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $100,165 of the total and is ranked #3. Only #2 East Douglas CDP ($110,525), and #1 Greenville CDP ($113,854) are larger. Third, it has in the center range of other places in the local area when ranked by median income-45 to 64 years at $36,435 of the total.

Figure 9 breaks down the source of income and Pascoag CDP has the smallest proportion of self employment income at 6.5% 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 11.1% which is the smallest as measured by households with retirement income of all the other places in the greater region. The place with the highest households with retirement income in the area is Greenville CDP which depicts a households with retirement income of 35.4% (approximately 3.2 times bigger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income less than most other places in the metropolitan area at $90,000 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. Pascoag CDP depicts it has the hightest cost of 129.0 for the cost of utilities aggregate.

Pascoag CDP Rhode Island 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 indicates that from January 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 13.9% to 4.7% in March 2020. This represents a decrease in the monthly unemployment rate of 66.2%. Since that time, the monthly unemployment rate has gone to 3.8% This represents a decrease in the monthly unemployment rate of 19.1%. 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 January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 9,172 to 9,307 in March 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 9,257 This represents a decrease 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 Pascoag CDP depicts it has a Unemployment Rate of 2.9% which is the third most unemployment rate of all other places in the greater Pascoag CDP region. The place with the highest unemployment rate in the area is North Grosvenor Dale CDP which depicts a rate of 6.1% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Pascoag CDP shows it has a Labor Force Participation of 74.9% which is the second most participation rates of all the places in the greater Pascoag CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Pascoag 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 Pascoag CDP area. Pascoag CDP shows it has a Single Earner Families of 14.5% which is the second smallest when sorted by 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 East Douglas CDP which indicates a single earners rate of 43.3% (approximately 3.0 times bigger). The percentage of families with no one working is depicted in Figure 22. Pascoag CDP shows it has a Families with No One Working of 9.1% which is in the mid range of other places in the local area. The place with the highest families with no one working in the area is North Grosvenor Dale CDP which depicts a families with no worker of 24.3% (approximately 2.7 times bigger).

Pascoag CDP Rhode Island Poverty Charts

The next section details economy analysis about poverty for residents of the Pascoag 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. Pascoag CDP depicts it has a Total In Poverty of 331 which is the largest of all places in the greater Pascoag CDP region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Pascoag CDP depicts it has a Percent of Population In Poverty of 7.0% which is less than most other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is North Grosvenor Dale CDP which shows a percent of people in poverty of 15.7% (approximately 2.2 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Pascoag CDP has one of the largest proportions of person in poverty 12 to 17 years at 23% of the total and is ranked #3. Only #2 Harmony CDP (42%), and #1 East Douglas CDP (100%) are larger. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 26% of the total and is ranked #2. The only larger place being Harmony CDP with 28%. Third, it has in the mid range of other places in the greater region in order of person in poverty 55 to 64 years at 20% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Pascoag CDP has the largest proportion of married with children and in poverty at 30% of the total and is ranked #1. Second, it has one of the largest proportions of unmarried with children and in poverty at 33% of the total and is ranked #3. Only #2 North Grosvenor Dale CDP (39%), and #1 Harmony CDP (100%) are larger. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Pascoag CDP has one of the largest proportions of people who are in poverty and unemployed at 15.4% of the total and is ranked #3. Only #2 Harmony CDP (52.3%), and #1 East Douglas CDP (52.8%) 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.) Pascoag CDP shows it has a Public Assistance Percent of 16.8% which is the second most households with public assistance of all the places in the greater Pascoag CDP region. The place with the highest households with public assistance in the area is North Grosvenor Dale CDP which depicts a households with public assistance of 33.7% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Pascoag CDP depicts it has a Gini Index of 30.2% which is the smallest as measured by the gini index of all the other places in the metro area.

Pascoag CDP Rhode Island Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Pascoag CDP or elsewhere.) Pascoag CDP has the largest proportion of people who take the Long-distance train or commuter rail at 0% of the total and is ranked #1. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 7% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Pascoag CDP has the largest proportion of people who leave for work between 12am to 5am at 6% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 530 am to 6am at 26% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 4% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Pascoag CDP has the percentage of people with commute time of less than 5 minutesutes in the middle range of other places in the greater region at 5% of the total. Second, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the greater region as measured by people with commute time between 5 to 9 minutes at 5% of the total. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 1% of the total. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 12% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 60 to 89 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Pascoag CDP shows it has a Avg Commute Time of 40 which is more than all other places in the greater Pascoag CDP region. Figure 38 shows the difference between male versus female commuting time. Pascoag CDP depicts 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 Pascoag CDP has the percentage of no vehicle available the second smallest in order of no vehicle available of all the other places in the greater region at 9% of the total. Second, it has the largest proportion of 1 vehicle available at 65% of the total and is ranked #1. Third, it has the second smallest as measured by no vehicle available of all the other places in the local area when ranked by 3 vehicles available at 1% of the total. Also, it has in the middle range of other places in the metropolitan area as measured by 4 vehicles available at 2% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Pascoag CDP depicts it has a Work in city or place where live of 8% which is less than most other places in the greater region. The place with the highest people who both work and live in the same city in the area is Greenville CDP which depicts a people who both work and live in the same city of 16% (about twice as large). Comparing people who both work and live in the same city to the United States average of 43%, Pascoag CDP is approximately a fifth the size. Also, compared to the state of Rhode Island, people who both work and live in the same city of 32%, Pascoag CDP is approximately a quarter the size.

Pascoag CDP Rhode Island 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. Pascoag CDP shows it has the hightest median earnings of $78,766 for the earnings-computer, engineering, and science occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Pascoag CDP depicts it has the hightest median earnings of $80,789 for the management, business, and financial occupations grouping. The table in Figure 48, shows Pascoag CDP employment data in terms of job categories and salary data.

Pascoag CDP Rhode Island 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. Pascoag CDP depicts it has the hightest entrepreneurs of 37% for the self employed in natural resources, construction, and maintenance businesses classification.

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. Pascoag CDP shows it has the hightest entrepreneurs of 20% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Pascoag CDP shows it has a Self Employment Income of $38,048 which is the second most average annual self employment income of all the places in the greater Pascoag CDP region. The place with the highest average annual self employment income in the area is Greenville CDP which depicts an average annual self employment income of $40,767 (7.1% larger). Comparing average annual self employment income to the United States average of $40,101, Pascoag CDP is about 5.4% smaller. Also, measured against the state of Rhode Island, average annual self employment income of $41,742, Pascoag CDP is about 9.7% smaller.

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