This section shows the Coalfield CDP Tennessee economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Coalfield CDP depicts it has a Median earnings of $51,039 which is the most of all places in the greater Coalfield CDP region. Comparing median earnings per worker to the United States average of $53,269, Coalfield CDP is only about 4.4% smaller. Also, in comparison with the state of Tennessee, median earnings per worker of $45,676, Coalfield CDP is 11.7% 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 $48,837 which is the second most of all the places in the metro area. The place with the highest median household income in the area is Oak Ridge which shows a median income of $60,542 (24.0% larger). Comparing median household income to the United States average of $69,021, Coalfield CDP is approximately three-fourths the size. Also, measured against the state of Tennessee, median household income of $58,516, Coalfield CDP is about 19.8% smaller.
The next section examines a variety of different income statistics for the Coalfield CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $20,000 and $49,999 at 28.3% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $27.04 which is more than all other places in the greater Coalfield CDP region. Comparing average hourly earnings to the United States average of $26.40, Coalfield CDP is only slightly larger. Also, in contrast to the state of Tennessee, average hourly earnings of $22.35, Coalfield CDP is 21.0% larger.
Figure 5 examines the number of self employed people in the Coalfield CDP metro area based on the number of people who reported any self employment income. Coalfield CDP shows it has a Self Employed of 13.4% which is the second most people self employed of all the places in the greater Coalfield CDP region. The place with the highest percentage of people self employed in the area is Oliver Springs which indicates a percentage self employed of 13.8% (only about 2.6% larger).
Figure 6 breaks down the source of income and Coalfield CDP has the largest proportion of income from wages at 10.7% of the total and is ranked #1.
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 18.6% which is the second smallest in terms of 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 Petros CDP which shows a households with retirement income of 38.0% (about twice as large).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Coalfield CDP shows full time employees approximately 3.3 times bigger as the part time employees.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Coalfield CDP shows it has the hightest cost of 95.1 for the cost of utilities classification.
Coalfield CDP Tennessee Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Coalfield CDP shows it has a Percent of Population In Poverty of 23.7% which is in the mid range of other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Wartburg which shows a percent of people in poverty of 37.1% (56.3% larger).
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Coalfield CDP depicts it has a Public Assistance Percent of 18.2% which is the second smallest when sorted 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 Wartburg which depicts a households with public assistance of 42.0% (approximately 2.3 times bigger).
Coalfield CDP Tennessee Labor Force Charts
The table in Figure 13, shows Coalfield CDP employment data in terms of job categories and salary data.
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 4.3% to 2.9% in December 2019. This represents a decrease in the monthly unemployment rate of 32.6%. Since that time, the monthly unemployment rate has gone to 2.9%. This represents an increase in the monthly unemployment rate of very little.
Coalfield CDP Tennessee Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
Coalfield CDP Tennessee Work Commute Charts
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. Coalfield CDP depicts it has a Avg Commute Time of 30 which is the second most average commute time of all the places in the greater Coalfield CDP region.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.