Valley Falls CDP Rhode Island Income Charts

This section shows the Valley Falls CDP Rhode Island economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Valley Falls CDP depicts it has a Median earnings of $57,962 which is in the mid range of other places in the local area. The place with the highest median earnings per worker in the area is North Seekonk CDP which depicts a median earnings of $70,491 (21.6% larger). Comparing median earnings per worker to the United States average of $53,269, Valley Falls CDP is 8.8% larger. Also, versus the state of Rhode Island, median earnings per worker of $56,841, Valley Falls CDP is only slightly 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 $90,851 which is the third most median income of all other places in the greater Valley Falls CDP region. The place with the highest median household income in the area is North Seekonk CDP which depicts a median income of $116,500 (28.2% larger). Comparing median household income to the United States average of $69,021, Valley Falls CDP is 31.6% larger. Also, measured against the state of Rhode Island, median household income of $74,489, Valley Falls CDP is 22.0% larger.

The next section examines a variety of different income statistics for the Valley Falls CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest in terms of median earnings of less than $10,000 of all the other places in the metro area at 3.2% 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 38.3 which is the second most average hours of all the places in the greater Valley Falls CDP region. The place with the highest average hours in the area is North Seekonk CDP which depicts an average hours of 39.9 (only about 4.2% 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 $29.10 which is in the middle range of other places in the metro area. The place with the highest average hourly earnings in the area is Cumberland Hill CDP which depicts an average hourly earnings of $34.90 (19.9% larger). Comparing average hourly earnings to the United States average of $26.40, Valley Falls CDP is 10.2% larger. Also, versus the state of Rhode Island, average hourly earnings of $28.92, Valley Falls CDP is about the same size.

Figure 7 examines the number of self employed people in the Valley Falls CDP metro area based on the number of people who reported any self employment income. Valley Falls CDP indicates it has a Self Employed of 12.0% which is the highest of all places in the local area.

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the center range of other places in the greater region at $84,383 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $110,018 of the total and is ranked #3. Only #2 North Seekonk CDP ($121,250), and #1 Cumberland Hill CDP ($121,813) are larger. Third, it has in the mid point range of other places in the metro area when ranked by median income-45 to 64 years at $42,611 of the total.

Figure 9 breaks down the source of income and Valley Falls CDP has the largest proportion of income from wages at 5.8% of the total and is ranked #1.

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 21.3% which is the third most of all other places in the local area. The place with the highest households with retirement income in the area is North Seekonk CDP which depicts a households with retirement income of 30.3% (42.2% 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 $108,553 of the total and is ranked #3. Only #2 North Seekonk CDP ($118,125), and #1 Cumberland Hill CDP ($122,208) are larger. Second, it has the largest proportion of white family income at $103,839 of the total and is ranked #1. Third, it has the largest proportion of hawaiian family income at $61,892 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. Valley Falls CDP depicts it has the hightest cost of 129.0 for the cost of utilities grouping.

Valley Falls CDP Rhode Island 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 shows that from February 2017 to before the disasterous Coronavirus Pandemic it went from 6.3% to 3.9% in December 2019. This represents a decrease in the monthly unemployment rate of 38.1%. Since that time, the monthly unemployment rate has gone to 3.9%. 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 depicts that from January 2017 to before the COVID-19 Pandemic it went from 8,451 to 8,603 in November 2019. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 8,603. 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 Valley Falls CDP shows it has a Unemployment Rate of 2.6% which is the second smallest when ranked by unemployment rate of all the other places in the surrounding region. The place with the highest unemployment rate in the area is Central Falls which shows a rate of 5.6% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Valley Falls CDP shows it has a Labor Force Participation of 69.7% which is less than most other places in the surrounding region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Valley Falls CDP depicts full time employees approximately 3.6 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 Valley Falls CDP area. Valley Falls CDP depicts it has a Single Earner Families of 23.4% which is in the mid range of other places in the surrounding region. The place with the highest families with a single earner in the area is Providence which depicts a single earners rate of 26.6% (13.7% larger). The percentage of families with no one working is depicted in Figure 22. Valley Falls CDP depicts it has a Families with No One Working of 11.0% which is the second smallest in terms of families with no one working of all the other places in the metropolitan area. The place with the highest families with no one working in the area is Central Falls which shows a families with no worker of 18.4% (67.6% larger).

Valley Falls CDP Rhode Island Poverty Charts

The next section details economy analysis about poverty for residents of the Valley Falls 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. Valley Falls CDP depicts it has a Total In Poverty of 763 which is less than most other places in the metro area. The place with the highest total people earning less than the poverty level in the area is Providence which depicts a total people earning less than the poverty level of 37,402 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Valley Falls CDP depicts it has a Percent of Population In Poverty of 6.4% which is the second smallest when sorted by 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 Central Falls which depicts a percent of people in poverty of 24.9% (approximately 3.9 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Valley Falls CDP has the percentage of person in poverty 12 to 17 years the second smallest when sorted by person in poverty under 12 years of all the other places in the local area at 4% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 34% of the total and is ranked #1. Third, it has the largest proportion of person in poverty 35 to 54 years at 21% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Valley Falls CDP has the percentage of white poverty rate the second smallest in order of white poverty rate of all the other places in the greater region at 0% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Valley Falls CDP has the percentage of married with children and in poverty the second smallest as measured by married with children and in poverty of all the other places in the area at 9% of the total. Second, it has the second smallest as measured by married with children and in poverty of all the other places in the surrounding region in order of unmarried with children and in poverty at 17% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Valley Falls CDP has the smallest proportion of less than highschool in poverty at 5% 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. Valley Falls CDP has the largest proportion of people who are in poverty and employed at 6.9% of the total and is ranked #1. Second, it has one of the largest proportions of people who are in poverty and unemployed at 26.7% of the total and is ranked #2. The only larger place being Cumberland Hill CDP with 27.1%. 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.) Valley Falls CDP shows it has a Public Assistance Percent of 13.4% which is less than most other places in the local area. The place with the highest households with public assistance in the area is Central Falls which depicts a households with public assistance of 34.9% (approximately 2.6 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Valley Falls CDP shows it has a Gini Index of 38.8% which is less than most other places in the greater region.

Valley Falls 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 Valley Falls CDP or elsewhere.) Valley Falls CDP has one of the largest proportions of people who drove alone at 88% of the total and is ranked #2. The only larger place being Cumberland Hill CDP with 91%. Second, it has the smallest proportion of people who take the Long-distance train or commuter rail at 0% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Valley Falls CDP has the largest proportion of people who leave for work between 12am to 5am at 9% 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 13% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 630 am to 7am at 17% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 11am to 12noon at 10% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 12noon to 4pm at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Valley Falls CDP has the percentage of people with commute time between 5 to 9 minutes in the mid range of other places in the surrounding region at 13% of the total. Second, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 22% of the total and is ranked #2. The only larger place being North Seekonk CDP with 23%. Third, it has the largest proportion of people with commute time between 25 to 29 minutes at 18% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 40 to 44 minutes at 4% of the total. In addition, it has the smallest proportion of people with commute time between 45 to 59 minutes at 2% of the total. Furthermore, it has the smallest proportion of people with commute time between 60 to 89 minutes at 1% of the total.

The average commute time is shown in Figure 37. Valley Falls CDP shows it has a Avg Commute Time of 23 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. Valley Falls CDP depicts average commute time in minutes for men about the same size as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Valley Falls CDP has the percentage of no vehicle available the second smallest as measured by no vehicle available of all the other places in the local area at 11% of the total. Second, it has one of the largest proportions of 1 vehicle available at 53% of the total and is ranked #2. The only larger place being North Seekonk CDP with 60%. Third, it has one of the largest proportions of 3 vehicles available at 12% of the total and is ranked #2. The only larger place being Cumberland Hill CDP with 21%. Also, it has the largest proportion of 4 vehicles available at 6% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Valley Falls CDP depicts it has a Work in city or place where live of 6% which is the smallest in order of people who both work and live in the same city of all the other places in the area. The place with the highest people who both work and live in the same city in the area is Providence which depicts a people who both work and live in the same city of 52% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 44%, Valley Falls CDP is approximately an eigth the size. Also, versus the state of Rhode Island, people who both work and live in the same city of 33%, Valley Falls CDP is approximately a fifth the size.

Valley Falls 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. Valley Falls CDP depicts it has the hightest median earnings of $101,442 for the earnings-computer, engineering, and science occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Valley Falls CDP shows it has the hightest median earnings of $92,549 for the management, business, and financial occupations category. The table in Figure 48, shows Valley Falls CDP employment data in terms of job categories and salary data.

Valley Falls 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. Valley Falls CDP shows it has the hightest entrepreneurs of 36% for the self employed in sales and office related 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. Valley Falls CDP shows it has the hightest entrepreneurs of 19% for the self employed in construction aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Valley Falls CDP shows it has a Self Employment Income of $47,216 which is the second most average annual self employment income of all the places in the greater Valley Falls CDP region. The place with the highest average annual self employment income in the area is Cumberland Hill CDP which depicts an average annual self employment income of $54,087 (14.6% larger). Comparing average annual self employment income to the United States average of $42,141, Valley Falls CDP is 12.0% larger. Also, measured against the state of Rhode Island, average annual self employment income of $43,755, Valley Falls CDP is 7.9% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Valley Falls CDP depicts total number of self-employed men approximately 2.7 times bigger as the total number of self-employed women.