McMinn County Income Charts

This section shows the McMinn County Tennessee economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, McMinn County shows it has a Median earnings of $41,830 which is the third most of all other counties in the metro area. The county with the highest median earnings per worker in the area is Loudon County which depicts a median earnings of $42,353 ( only slightly larger). Comparing median earnings per worker to the United States average of $50,459, McMinn County is about 20.6% smaller. Also, compared to the state of Tennessee, median earnings per worker of $43,502, McMinn County is only about 4.0% 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 $46,872 which is in the middle range of other counties in the local area. The county with the highest median household income in the area is Loudon County which depicts a median income of $61,664 (31.6% larger). Comparing median household income to the United States average of $64,994, McMinn County is approximately three-fourths the size. Also, versus the state of Tennessee, median household income of $54,833, McMinn County is about 17.0% smaller.

The next section examines a variety of different income statistics for the McMinn County metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 6.9% 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 39.3 which is in the intermediate range of other counties in the greater region. The county with the highest average hours in the area is Monroe County which shows an average hours of 40.4 (only about 2.8% 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 $20.47 which is the third most average hourly earnings of all other 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 $20.83 ( only slightly larger). Comparing average hourly earnings to the United States average of $25.01, McMinn County is about 22.2% smaller. Also, benchmarked against the state of Tennessee, average hourly earnings of $21.34, McMinn County is only about 4.3% smaller.

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 Self Employed of 10.8% which is the third most people self employed of all other counties in the greater McMinn County region. The county with the highest percentage of people self employed in the area is Bradley County which shows a percentage self employed of 12.3% (13.3% 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 greater region at $53,882 of the total. Second, it has in the center range of other counties in the local area in terms of median income-25 to 44 years at $52,803 of the total. Third, it has less than most other counties in the metro area when sorted by median income-45 to 64 years at $35,993 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 23.3% which is less than most other counties in the metro area. The county with the highest households with retirement income in the area is Loudon County which depicts a households with retirement income of 32.4% (38.9% 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 as measured by overall family income of all the other counties in the local area at $57,834 of the total. Second, it has one of the largest proportions of white family income at $37,398 of the total and is ranked #3. Only #2 Bradley County ($42,329), and #1 Loudon County ($60,583) are larger. Third, it has one of the largest proportions of american indian family income at $152,976 of the total and is ranked #2. The only larger county being Loudon County with $210,966. Also, it has in the center range of other counties in the surrounding region in terms of hawaiian family income at $42,367 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. McMinn County depicts it has the hightest cost of 103.4 for the cost of utilities classification.

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 depicts that from February 2010 to before the disasterous COVID Pandemic the monthly unemployment rate went from 14.4% to 3.9% in February 2020. This represents a decrease in the monthly unemployment rate of 72.9%. Since that time, the monthly unemployment rate has gone to 4.1% This represents an increase in the monthly unemployment rate of 5.1%. 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 February 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 22,494 to 23,874 in March 2020. This represents an increase in the monthly labor force participation of 6.1%. Since that time, the monthly labor force participation has gone to 21,567 This represents a decrease in the monthly labor force participation of 9.7%.

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 a Unemployment Rate of 3.3% which is less than most other counties in the local area. The county with the highest unemployment rate in the area is Rhea County which shows a rate of 4.7% (42.1% 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 Labor Force Participation of 54.2% which is in the mid point range of other counties in the metro 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 3.7 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 Single Earner Families of 33.7% which is ranked #1 of all counties in the greater McMinn County region. 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 23.0% which is the second smallest in order of families with no one working of all the other counties in the area. The county with the highest families with no one working in the area is Loudon County which shows a families with no worker of 32.6% (41.7% 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 In Poverty of 8,479 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 16,074 (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. McMinn County shows it has a Percent of Population In Poverty of 16.3% which is the third most percent of people earning less than the poverty level of all other 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 shows a percent of people in poverty of 17.1% (only about 4.7% larger).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. McMinn County has the largest proportion of black poverty rate at 31% of the total and is ranked #1. Second, it has the second smallest when ranked by white poverty rate of all the other counties in the local area in terms of hawaiian poverty rate at 11% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. McMinn County has the percentage of unmarried with children and in poverty less than most other counties in the local area at 47% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. McMinn County has the largest proportion of less than highschool in poverty at 15% of the total and is ranked #1. 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 smallest proportion of people who are in poverty and employed at 2.7% of the total. Second, it has the largest proportion of people who are in poverty and unemployed at 22.0% 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 Public Assistance Percent of 16.0% which is in the mid point range of other counties in the local area. The county with the highest households with public assistance in the area is Meigs County which shows a households with public assistance of 20.1% (25.8% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). McMinn County shows it has a Gini Index of 45.8% which is the third most the gini index of 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 largest proportion of people who drove alone at 86% of the total and is ranked #1. 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 percentage of people who leave for work between 12am to 5am less than most other counties in the greater region at 5% of the total. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 11% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 8am to 830am at 4% 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 of less than 5 minutesutes at 11% of the total and is ranked #3. Only #2 Bradley County (13%), and #1 Rhea County (14%) are larger. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 20% of the total and is ranked #1.

The average commute time is shown in Figure 37. McMinn County shows it has a Avg Commute Time of 23 which is less than most other counties in the local area. Figure 38 shows the difference between male versus female commuting time. McMinn County shows average commute time in minutes for men 39.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and McMinn County has the largest proportion of no vehicle available at 17% of the total and is ranked #1. Second, it has one of the largest proportions of 4 vehicles available at 9% of the total and is ranked #3. Only #2 Loudon County (9%), and #1 Rhea County (10%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) McMinn County shows it has a Work in city or place where live of 43% 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 shows a people who both work and live in the same city of 55% (27.8% larger). Comparing people who both work and live in the same city to the United States average of 43%, McMinn County is about the same size. Also, in contrast 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 $78,558 for the earnings-computer, engineering, and science occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and McMinn County depicts it has the hightest median earnings of $100,893 for the earnings-natural resources, construction, maintenance occupations category. 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 depicts it has the hightest entrepreneurs of 54% 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 29% for the self employed in professional, scientific, management, administrative services category.

In Figure 51 the average annual self employment/entrepreneur income is shown. McMinn County shows it has a Self Employment Income of $35,876 which is in the mid range of other counties in the metro area. The county with the highest average annual self employment income in the area is Loudon County which shows an average annual self employment income of $58,514 (63.1% larger). Comparing average annual self employment income to the United States average of $40,101, McMinn County is about 11.8% smaller. Also, measured against the state of Tennessee, average annual self employment income of $41,128, McMinn County is about 14.6% smaller.

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 63.0% larger as the total number of self-employed women.