Middle Valley CDP Tennessee Income Charts

This section shows the Middle Valley CDP Tennessee economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Middle Valley CDP shows it has a Median earnings of $50,403 which is less than most other places in the local area. The place with the highest median earnings per worker in the area is Walden which shows a median earnings of $75,893 (50.6% larger). Comparing median earnings per worker to the United States average of $49,041, Middle Valley CDP is only about 2.8% larger. Also, benchmarked against the state of Tennessee, median earnings per worker of $42,449, Middle Valley CDP is 18.7% 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 $68,925 which is in the middle range of other places in the area. The place with the highest median household income in the area is Walden which depicts a median income of $100,750 (46.2% larger). Comparing median household income to the United States average of $62,843, Middle Valley CDP is 9.7% larger. Also, measured against the state of Tennessee, median household income of $53,320, Middle Valley CDP is 29.3% larger.

The next section examines a variety of different income statistics for the Middle Valley CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings between $10,000 and $14,999 at 7.1% of the total and is ranked #2. The only larger place being Lakesite with 7.7%. Second, it has the second smallest when ranked by median earnings of less than $10,000 of all the other places in the metro area when sorted by earnings between $75,000 and $99,999 at 6.6% 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 38.5 which is the second smallest when sorted by average hours of all the other places in the metropolitan area. The place with the highest average hours in the area is Harrison CDP which shows an average hours of 39.8 (only about 3.4% 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 $25.18 which is less than most other places in the metro area. The place with the highest average hourly earnings in the area is Falling Water CDP which depicts an average hourly earnings of $37.84 (50.3% larger). Comparing average hourly earnings to the United States average of $24.31, Middle Valley CDP is only about 3.6% larger. Also, compared with the state of Tennessee, average hourly earnings of $20.82, Middle Valley CDP is 20.9% larger.

Figure 7 examines the number of self employed people in the Middle Valley CDP metro area based on the number of people who reported any self employment income. Middle Valley CDP depicts it has a Self Employed of 10.3% which is the smallest as measured by percentage of people self employed of all the other places in the surrounding region. The place with the highest percentage of people self employed in the area is Walden which depicts a percentage self employed of 20.4% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $83,832 of the total and is ranked #3. Only #2 Mowbray Mountain CDP ($86,875), and #1 Walden ($135,833) are larger. Second, it has the second smallest when sorted by median income for those under 25 years of age of all the other places in the local area when sorted by median income-25 to 44 years at $78,487 of the total. Third, it has less than most other places in the local area when sorted by median income-45 to 64 years at $43,462 of the total.

Figure 9 breaks down the source of income and Middle Valley CDP has the largest proportion of self employment income at 17.9% 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 20.7% which is the smallest when sorted by households with retirement income of all the other places in the metro area. The place with the highest households with retirement income in the area is Mowbray Mountain CDP which depicts a households with retirement income of 35.7% (72.6% 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 less than most other places in the local area at $82,898 of the total. Second, it has one of the largest proportions of white family income at $68,047 of the total and is ranked #2. The only larger place being Harrison CDP with $83,750. Third, it has the largest proportion of american indian family income at $167,765 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. Middle Valley CDP shows it has the hightest cost of 97.4 for the cost of grocery items category.

Middle Valley CDP Tennessee 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 indicates that from January 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 10.3% to 4.4% in March 2020. This represents a decrease in the monthly unemployment rate of 57.3%. Since that time, the monthly unemployment rate has gone to 5.5% This represents an increase in the monthly unemployment rate of 25.0%. 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 Coronavirus Pandemic the monthly labor force participation went from 79,959 to 87,148 in March 2020. This represents an increase in the monthly labor force participation of 9.0%. Since that time, the monthly labor force participation has gone to 88,749 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 Middle Valley CDP depicts it has a Unemployment Rate of 2.9% which is the second most of all the places in the metro area. The place with the highest unemployment rate in the area is Falling Water CDP which shows a rate of 4.1% (39.0% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Middle Valley CDP depicts it has a Labor Force Participation of 66.0% which is the largest of all places in the greater Middle Valley CDP 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). Middle Valley CDP has the smallest proportion of unemployed at 34.0% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Middle Valley CDP depicts full time employees approximately 4.2 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 Middle Valley CDP area. Middle Valley CDP depicts it has a Single Earner Families of 22.6% which is the smallest when ranked by families with a single earner of all the other places in the local area. The place with the highest families with a single earner in the area is Mowbray Mountain CDP which depicts a single earners rate of 38.9% (72.3% larger). The percentage of families with no one working is depicted in Figure 22. Middle Valley CDP depicts it has a Families with No One Working of 20.8% which is the third most families with no one working of all other places in the greater Middle Valley CDP region. The place with the highest families with no one working in the area is Mowbray Mountain CDP which shows a families with no worker of 25.8% (24.2% larger).

Middle Valley CDP Tennessee Poverty Charts

The next section details economy analysis about poverty for residents of the Middle Valley 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. Middle Valley CDP depicts it has a Total In Poverty of 558 which is the second most total people earning less than the poverty level of all the places in the greater Middle Valley CDP region. The place with the highest total people earning less than the poverty level in the area is Soddy-Daisy which indicates a total people earning less than the poverty level of 1,505 (approximately 2.7 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Middle Valley CDP shows it has a Percent of Population In Poverty of 4.7% which is the second smallest as measured by percent of people earning less than the poverty level of all the other places in the metropolitan area. The place with the highest percent of people earning less than the poverty level in the area is Soddy-Daisy which depicts a percent of people in poverty of 11.5% (approximately 2.5 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Middle Valley CDP has the largest proportion of person in poverty under 12 years at 13% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Middle Valley CDP has the percentage of hawaiian poverty rate in the mid range of other places in the metro area at 6% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Middle Valley CDP has the percentage of married with children and in poverty less than most other places in the surrounding region at 11% of the total. Second, it has less than most other places in the greater region as measured by unmarried with children and in poverty at 11% 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.) Middle Valley CDP shows it has a Public Assistance Percent of 7.5% which is the third most households with public assistance of all other places in the greater Middle Valley CDP region. The place with the highest households with public assistance in the area is Mowbray Mountain CDP which shows a households with public assistance of 12.9% (71.1% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Middle Valley CDP depicts it has a Gini Index of 41.6% which is in the mid range of other places in the area.

Middle Valley CDP Tennessee Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Middle Valley CDP has the largest proportion of people who leave for work between 11am to 12noon at 7% 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. Middle Valley CDP has the percentage of people with commute time between 5 to 9 minutes less than most other places in the metro area at 8% of the total. 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 Falling Water CDP (20%), and #1 Harrison CDP (20%) are larger. Third, it has the smallest proportion of people with commute time between 35 to 39 minutes at 1% of the total.

The average commute time is shown in Figure 37. Middle Valley CDP depicts it has a Avg Commute Time of 25 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Middle Valley CDP depicts average commute time in minutes for men 45.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Middle Valley CDP has one of the largest proportions of 1 vehicle available at 46% of the total and is ranked #3. Only #2 Harrison CDP (47%), and #1 Mowbray Mountain CDP (48%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Middle Valley CDP shows it has a Work in city or place where live of 7% which is the second smallest as measured by people who both work and live in the same city of all the other places in the greater region. The place with the highest people who both work and live in the same city in the area is Soddy-Daisy which shows a people who both work and live in the same city of 18% (approximately 2.6 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Middle Valley CDP is approximately a sixth the size. Also, compared to the state of Tennessee, people who both work and live in the same city of 57%, Middle Valley CDP is approximately an eigth the size.

Middle Valley CDP Tennessee 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. Middle Valley CDP shows it has the hightest median earnings of $85,500 for the earnings-education, legal, community service, arts, media occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Middle Valley CDP depicts it has the hightest median earnings of $64,938 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Middle Valley CDP employment data in terms of job categories and salary data.

Middle Valley CDP Tennessee 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. Middle Valley CDP depicts it has the hightest entrepreneurs of 55% for the self employed management, business, science, and arts businesses group.

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. Middle Valley CDP depicts it has the hightest entrepreneurs of 47% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Middle Valley CDP depicts it has a Self Employment Income of $34,330 which is the second smallest in terms of average annual self employment income of all the other places in the metro area. The place with the highest average annual self employment income in the area is Walden which depicts an average annual self employment income of $52,943 (54.2% larger). Comparing average annual self employment income to the United States average of $39,154, Middle Valley CDP is about 14.0% smaller. Also, measured against the state of Tennessee, average annual self employment income of $39,208, Middle Valley CDP is about 14.2% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Middle Valley CDP depicts total number of self-employed men about twice as large as the total number of self-employed women.