Lauderdale County Income Charts

This section shows the Lauderdale County Tennessee economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Lauderdale County depicts it has a Median earnings of $36,329 which is the second smallest when ranked by median earnings per worker of all the other counties in the metro area. The county with the highest median earnings per worker in the area is Tipton County which depicts a median earnings of $45,756 (25.9% larger). Comparing median earnings per worker to the United States average of $49,041, Lauderdale County is approximately three-fourths the size. Also, versus the state of Tennessee, median earnings per worker of $42,449, Lauderdale County is about 16.8% 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 $39,896 which is less than most other counties in the greater region. The county with the highest median household income in the area is Tipton County which depicts a median income of $61,291 (53.6% larger). Comparing median household income to the United States average of $62,843, Lauderdale County is approximately three-fourths the size. Also, compared to the state of Tennessee, median household income of $53,320, Lauderdale County is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Lauderdale County metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 10.2% of the total and is ranked #2. The only larger county being Mississippi County with 10.8%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 40.0 which is the third most average hours of all other counties in the greater Lauderdale County region. The county with the highest average hours in the area is Mississippi County which depicts an average hours of 40.4 ( only slightly 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 $17.47 which is the second smallest in terms of average hourly earnings of all the other counties in the local area. The county with the highest average hourly earnings in the area is Tipton County which depicts an average hourly earnings of $21.94 (25.6% larger). Comparing average hourly earnings to the United States average of $24.31, Lauderdale County is approximately three-fourths the size. Also, compared with the state of Tennessee, average hourly earnings of $20.82, Lauderdale County is about 19.2% smaller.

Figure 7 examines the number of self employed people in the Lauderdale County metro area based on the number of people who reported any self employment income. Lauderdale County depicts it has a Self Employed of 7.9% which is the second smallest when sorted by percentage of people self employed of all the other counties in the area. The county with the highest percentage of people self employed in the area is Crockett County which shows a percentage self employed of 10.2% (28.9% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the middle range of other counties in the area at $47,059 of the total. Second, it has the second smallest in order of median income for those under 25 years of age of all the other counties in the metropolitan area as measured by median income-25 to 44 years at $43,237 of the total. Third, it has the second smallest when ranked by median income for those under 25 years of age of all the other counties in the area as measured by median income-45 to 64 years at $30,492 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 18.7% which is in the mid range of other counties in the metro area. The county with the highest households with retirement income in the area is Tipton County which depicts a households with retirement income of 25.2% (34.6% larger).

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 the second smallest in order of overall family income of all the other counties in the metro area at $52,899 of the total. Second, it has the second smallest when sorted by overall family income of all the other counties in the greater region in terms of white family income at $32,917 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. Lauderdale County depicts it has the hightest cost of 100.0 for the cost of transportation grouping.

Lauderdale County 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 depicts that from January 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 17.2% to 6.6% in March 2020. This represents a decrease in the monthly unemployment rate of 61.6%. Since that time, the monthly unemployment rate has gone to 7.0% This represents an increase in the monthly unemployment rate of 6.1%. 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 depicts that from January 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 10,899 to 9,706 in March 2020. This represents a decrease in the monthly labor force participation of 10.9%. Since that time, the monthly labor force participation has gone to 9,804 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 Lauderdale County depicts it has a Unemployment Rate of 3.9% which is the third most unemployment rate of all other counties in the greater Lauderdale County region. The county with the highest unemployment rate in the area is Mississippi County which depicts a rate of 5.4% (40.8% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lauderdale County depicts it has a Labor Force Participation of 48.2% which is the smallest when sorted by participation rate of all the other counties in the surrounding region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Lauderdale County has the largest proportion of unemployed at 51.8% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lauderdale County shows full time employees appreciably 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 Lauderdale County area. Lauderdale County depicts it has a Single Earner Families of 33.6% which is the third most families with a single earner of all other counties in the greater Lauderdale County region. The county with the highest families with a single earner in the area is Haywood County which depicts a single earners rate of 35.6% (6.0% larger). The percentage of families with no one working is depicted in Figure 22. Lauderdale County shows it has a Families with No One Working of 22.8% which is the most of all counties in the greater Lauderdale County region.

Lauderdale County Poverty Charts

The next section details economy analysis about poverty for residents of the Lauderdale County 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. Lauderdale County shows it has a Total In Poverty of 4,888 which is in the mid point range of other counties in the metropolitan area. The county with the highest total people earning less than the poverty level in the area is Mississippi County which depicts a total people earning less than the poverty level of 10,017 (about twice as large).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lauderdale County shows it has a Percent of Population In Poverty of 21.2% which is the third most percent of people earning less than the poverty level of all other counties in the greater Lauderdale County region. The county with the highest percent of people earning less than the poverty level in the area is Pemiscot County which shows a percent of people in poverty of 27.4% (29.5% larger).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Lauderdale County has one of the largest proportions of black poverty rate at 18% of the total and is ranked #2. The only larger county being Dyer County with 35%.

Figure 27 shows key poverty statistics for groups based on marriage status. Lauderdale County has the percentage of unmarried female with children and in poverty the second smallest when ranked by married with children and in poverty of all the other counties in the local area at 8% of the total. 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.) Lauderdale County depicts it has a Public Assistance Percent of 26.0% which is the third most households with public assistance of all other counties in the greater Lauderdale County region. The county with the highest households with public assistance in the area is Pemiscot County which depicts a households with public assistance of 32.7% (26.1% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lauderdale County depicts it has a Gini Index of 43.0% which is the smallest in order of the gini index of all the other counties in the local area.

Lauderdale County 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 Lauderdale County 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.) Lauderdale County has the largest proportion of people who take public transportation to work at 1% 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 Lauderdale County or elsewhere.) Lauderdale County has the smallest proportion of people who carpooled at 7% of the total. Second, it has the largest proportion of people who walked at 1% of the total and is ranked #1. Third, it has the largest proportion of people who took a taxicab, motorcycle or other at 2% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lauderdale County has the largest proportion of people who leave for work between 5am to 530am at 8% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 7am to 730am at 8% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Lauderdale County has the percentage of people with commute time of less than 5 minutesutes less than most other counties in the metropolitan area at 14% of the total. Second, 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. Lauderdale County depicts it has a Avg Commute Time of 25 which is the second most average commute time of all the counties in the greater Lauderdale County region. Figure 38 shows the difference between male versus female commuting time. Lauderdale County shows average commute time in minutes for men 43.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lauderdale County has the percentage of no vehicle available in the mid range of other counties in the local area at 23% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Lauderdale County depicts it has a Work in city or place where live of 37% which is in the center range of other counties in the greater region. The county with the highest people who both work and live in the same city in the area is Dyer County which depicts a people who both work and live in the same city of 62% (66.3% larger). Comparing people who both work and live in the same city to the United States average of 42%, Lauderdale County is about 11.8% smaller. Also, benchmarked against the state of Tennessee, people who both work and live in the same city of 57%, Lauderdale County is approximately three-fourths the size.

Lauderdale County 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. Lauderdale County depicts it has the hightest median earnings of $59,808 for the management, business, and financial occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Lauderdale County shows it has the hightest median earnings of $58,125 for the earnings-computer, engineering, and science occupations category. The table in Figure 48, shows Lauderdale County employment data in terms of job categories and salary data.

Lauderdale County 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. Lauderdale County depicts it has the hightest entrepreneurs of 54% for the self employed in sales and office related 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. Lauderdale County depicts it has the hightest entrepreneurs of 24% for the self employed in wholesale trade category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lauderdale County depicts it has a Self Employment Income of $28,173 which is the second smallest when ranked by average annual self employment income of all the other counties in the metropolitan area. The county with the highest average annual self employment income in the area is Dyer County which depicts an average annual self employment income of $46,348 (64.5% larger). Comparing average annual self employment income to the United States average of $39,154, Lauderdale County is approximately three-fourths the size. Also, in contrast to the state of Tennessee, average annual self employment income of $39,208, Lauderdale County is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lauderdale County indicates total number of self-employed men 3 times bigger as the total number of self-employed women.