McMinn County Income Charts

This section shows the McMinn County Tennessee economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, McMinn County shows it has a median earnings per worker of $40,239 which is the third most of all other counties in the metropolitan area. The county with the highest median earnings per worker in the area is Loudon County which depicts a median earnings of $40,763 ( only slightly larger). Comparing median earnings per worker to the United States average of $47,712, McMinn County is about 18.6% smaller. Also, measured against the state of Tennessee, median earnings per worker of $41,249, McMinn County is only about 2.5% 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 $41,398 which is less than most other counties in the greater region. The county with the highest median household income in the area is Loudon County which shows a median income of $56,078 (35.5% larger). Comparing median household income to the United States average of $60,293, McMinn County is approximately three-fourths the size. Also, benchmarked against the state of Tennessee, median household income of $50,972, McMinn County is about 23.1% smaller.

The next section examines a variety of different income statistics for the McMinn County metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 22.8% of the total and is ranked #1. Second, it has the smallest proportion of earnings between $20,000 and $49,999 at 33.6% of the total. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 6.1% 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 an average hours of 38.8 which is less than most other counties in the metro area. The county with the highest average hours in the area is Polk County which indicates an average hours of 40.4 (only about 4.1% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $19.94 which is the second most average hourly earnings of all the counties in the greater McMinn County region. The county with the highest average hourly earnings in the area is Loudon County which depicts an average hourly earnings of $20.15 ( only slightly larger). Comparing average hourly earnings to the United States average of $23.71, McMinn County is about 18.9% smaller. Also, benchmarked against the state of Tennessee, average hourly earnings of $20.29, McMinn County is about the same size.

Figure 7 examines the number of self employed people in the McMinn County metro area based on the number of people who reported any self employment income. McMinn County shows it has a percentage of people self employed of 9.6% which is in the mid range of other counties in the local area. The county with the highest percentage of people self employed in the area is Bradley County which depicts a percentage self employed of 11.8% (22.9% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other counties in the local area at $26,875 of the total. Second, it has the second smallest in terms of median income for those under 25 years of age of all the other counties in the metro area when sorted by median income-25 to 44 years at $47,483 of the total. Third, it has in the mid range of other counties in the area in order of median income-45 to 64 years at $47,966 of the total. Also, it has the second smallest when sorted by median income for those under 25 years of age of all the other counties in the surrounding region when ranked by median income-65 years and over at $30,999 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 households with retirement income of 22.2% which is less than most other counties in the local area. The county with the highest households with retirement income in the area is Loudon County which shows a households with retirement income of 33.3% (50.2% 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 in the mid point range of other counties in the metro area at $53,212 of the total. Second, it has one of the largest proportions of white family income at $53,552 of the total and is ranked #3. Only #2 Bradley County ($61,186), and #1 Loudon County ($64,979) are larger. Third, it has one of the largest proportions of asian family income at $121,719 of the total and is ranked #2. The only larger county being Loudon County with $206,550.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. McMinn County depicts it has the hightest cost of 103.4 for the cost of utilities group.

McMinn 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 shows that from January 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 14.4% to 3.6% in March 2020. This represents a decrease in the monthly unemployment rate of 75.0%. Since that time, the monthly unemployment rate has gone to 5.7% This represents an increase in the monthly unemployment rate of 58.3%. 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 Wuhan Coronavirus Pandemic the monthly labor force participation went from 22,685 to 24,347 in March 2020. This represents an increase in the monthly labor force participation of 7.3%. Since that time, the monthly labor force participation has gone to 23,628 This represents a decrease in the monthly labor force participation of 3.0%.

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 McMinn County depicts it has an unemployment rate of 3.7% which is less than most other counties in the greater region. The county with the highest unemployment rate in the area is Meigs County which depicts a rate of 4.8% (28.5% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. McMinn County depicts it has a participation rate of 53.3% which is in the center range of other counties in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. McMinn County shows full time employees approximately 3.3 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 McMinn County area. McMinn County depicts it has a families with a single earner of 31.4% which is the most of all counties in the metro area. The percentage of families with no one working is depicted in Figure 22. McMinn County shows it has a families with no one working of 23.9% which is less than most other counties in the greater region. The county with the highest families with no one working in the area is Loudon County which depicts a families with no worker of 32.8% (37.5% larger).

McMinn County Poverty Charts

The next section details economy analysis about poverty for residents of the McMinn 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. McMinn County depicts it has a total people earning less than the poverty level of 10,077 which is the second most total people earning less than the poverty level of all the counties in the greater McMinn County region. The county with the highest total people earning less than the poverty level in the area is Bradley County which depicts a total people earning less than the poverty level of 16,715 (65.9% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. McMinn County shows it has a percent of people earning less than the poverty level of 19.6% which is the second most percent of people earning less than the poverty level of all the counties in the greater McMinn County region. The county with the highest percent of people earning less than the poverty level in the area is Rhea County which depicts a percent of people in poverty of 21.9% (11.3% larger).



The next chart, Figure 26, shows the percentage of people in poverty by racial group. McMinn County has the percentage of asian poverty rate in the intermediate range of other counties in the metropolitan area at 1% 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. McMinn County has the largest proportion of people who are in poverty and not in labor force at 21.9% 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.) McMinn County depicts it has a households with public assistance of 17.3% which is in the intermediate range of other counties in the metro area. The county with the highest households with public assistance in the area is Meigs County which shows a households with public assistance of 19.9% (15.2% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). McMinn County depicts it has a the gini index of 49.2% which is more than all other counties in the greater McMinn County region.

McMinn County Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown McMinn County or elsewhere.) McMinn County has the smallest proportion of people who carpooled at 9% of the total. Second, it has the largest proportion of people who take the ferry at 0% of the total and is ranked #1. Third, it has the smallest proportion of people who took a taxicab, motorcycle or other at 0% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. McMinn County has the smallest proportion of people who leave for work between 6am to 630am at 8% of the total. Second, it has the largest proportion of people who leave for work between 8am to 830am at 10% 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. McMinn County has one of the largest proportions of people with commute time between 5 to 9 minutes at 13% of the total and is ranked #3. Only #2 Bradley County (14%), and #1 Rhea County (14%) are larger. Second, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 18% of the total and is ranked #3. Only #2 Bradley County (18%), and #1 Rhea County (19%) are larger. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 16% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 45 to 59 minutes at 6% of the total.

The average commute time is shown in Figure 37. McMinn County depicts it has an average commute time of 23 which is in the mid range of other counties in the metropolitan area. Figure 38 shows the difference between male versus female commuting time. McMinn County shows average commute time in minutes for men 44.2% larger as the average commute time in minutes for women. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) McMinn County depicts it has a people who both work and live in the same city of 42% which is the third most people who both work and live in the same city of all other counties in the greater McMinn County region. The county with the highest people who both work and live in the same city in the area is Bradley County which depicts a people who both work and live in the same city of 53% (24.5% larger). Comparing people who both work and live in the same city to the United States average of 42%, McMinn County is only slightly larger. Also, compared to the state of Tennessee, people who both work and live in the same city of 57%, McMinn County is approximately three-fourths the size.

McMinn 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. McMinn County depicts it has the hightest median earnings of $76,964 for the earnings-computer, engineering, and science occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and McMinn County shows it has the hightest median earnings of $65,486 for the earnings-computer, engineering, and science occupations grouping. The table in Figure 48, shows McMinn County employment data in terms of job categories and salary data.

McMinn 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. McMinn County indicates it has the hightest entrepreneurs of 45% for the self employed management, business, science, and arts 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. McMinn County shows it has the hightest entrepreneurs of 25% for the self employed in professional, scientific, management, administrative services classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. McMinn County depicts it has an average annual self employment income of $23,507 which is the smallest in terms of average annual self employment income of all the other counties in the metro area. The county with the highest average annual self employment income in the area is Loudon County which depicts an average annual self employment income of $49,655 (about twice as large). Comparing average annual self employment income to the United States average of $37,819, McMinn County is approximately three-fourths the size. Also, benchmarked against the state of Tennessee, average annual self employment income of $37,481, McMinn 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.) McMinn County shows total number of self-employed men 64.8% larger as the total number of self-employed women.