Obion County Income Charts

This section shows the Obion 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, Obion County depicts it has a Median earnings of $33,147 which is the second smallest in order of 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 Dyer County which depicts a median earnings of $40,976 (23.6% larger). Comparing median earnings per worker to the United States average of $49,041, Obion County is approximately three-fourths the size. Also, versus the state of Tennessee, median earnings per worker of $42,449, Obion County is approximately three-fourths the size.

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 $39,615 which is less than most other counties in the metro area. The county with the highest median household income in the area is Dyer County which depicts a median income of $44,185 (11.5% larger). Comparing median household income to the United States average of $62,843, Obion County is approximately three-fourths the size. Also, versus the state of Tennessee, median household income of $53,320, Obion County is approximately three-fourths the size.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.2 which is in the mid point range of other counties in the local area. The county with the highest average hours in the area is Lake County which depicts an average hours of 41.4 (only about 5.6% 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 $16.26 which is the second smallest when ranked by average hourly earnings of all the other counties in the metro area. The county with the highest average hourly earnings in the area is Hickman County which shows an average hourly earnings of $20.59 (26.6% larger). Comparing average hourly earnings to the United States average of $24.31, Obion County is approximately three-fourths the size. Also, compared with the state of Tennessee, average hourly earnings of $20.82, Obion County is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Obion County metro area based on the number of people who reported any self employment income. Obion County depicts it has a Self Employed of 11.3% which is the second most people self employed of all the counties in the greater Obion County region. The county with the highest percentage of people self employed in the area is Hickman County which shows a percentage self employed of 11.9% (only about 5.5% 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 area at $40,170 of the total. Second, it has in the center range of other counties in the greater region when sorted by median income-25 to 44 years at $48,286 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $34,632 of the total and is ranked #3. Only #2 Hickman County ($36,399), and #1 Lake County ($38,241) are larger.

Figure 9 breaks down the source of income and Obion County has the largest proportion of income from wages at 9.2% of the total and is ranked #1. Second, it has the smallest proportion of social security at 0.9% 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 25.8% which is the second most of all the counties in the greater region. The county with the highest households with retirement income in the area is Hickman County which depicts a households with retirement income of 27.8% (7.7% 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 counties in the local area at $53,716 of the total. Second, it has in the middle range of other counties in the surrounding region when ranked by white family income at $26,890 of the total. Third, it has in the middle range of other counties in the metro area in order of hawaiian family income at $44,444 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. Obion County indicates it has the hightest cost of 96.7 for the cost of miscellaneous items aggregate.

Obion 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 10.6% to 5.8% in March 2020. This represents a decrease in the monthly unemployment rate of 45.3%. Since that time, the monthly unemployment rate has gone to 5.8% This represents an increase in the monthly unemployment rate of very little. 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 Wuhan Coronavirus Pandemic the monthly labor force participation went from 15,107 to 12,311 in March 2020. This represents a decrease in the monthly labor force participation of 18.5%. Since that time, the monthly labor force participation has gone to 12,113 This represents a decrease 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 Obion County depicts it has a Unemployment Rate of 3.0% which is the second smallest in terms of unemployment rate of all the other counties in the greater region. The county with the highest unemployment rate in the area is Fulton County which depicts a rate of 4.6% (52.1% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Obion County depicts it has a Labor Force Participation of 55.8% which is the second most participation rates of all the counties in the greater Obion County region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Obion County 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 Obion County area. Obion County shows it has a Single Earner Families of 29.4% which is in the mid point range of other counties in the surrounding region. The county with the highest families with a single earner in the area is Weakley County which depicts a single earners rate of 33.5% (13.7% larger). The percentage of families with no one working is depicted in Figure 22. Obion County depicts it has a Families with No One Working of 22.1% which is in the mid range of other counties in the metro area. The county with the highest families with no one working in the area is Fulton County which depicts a families with no worker of 34.7% (56.9% larger).

Obion County Poverty Charts

The next section details economy analysis about poverty for residents of the Obion 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. Obion County depicts it has a Total In Poverty of 6,267 which is the third most total people earning less than the poverty level of all other counties in the greater Obion County region. The county with the highest total people earning less than the poverty level in the area is Gibson County which shows a total people earning less than the poverty level of 7,600 (21.3% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Obion County depicts it has a Percent of Population In Poverty of 21.1% which is the third most of all other counties in the metro area. The county with the highest percent of people earning less than the poverty level in the area is Lake County which depicts a percent of people in poverty of 28.6% (35.7% larger).

In Figure 25 people who are in poverty are broken out by age group. Obion County has the largest proportion of person in poverty under 12 years at 9% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Obion County has the largest proportion of black poverty rate at 75% of the total and is ranked #1. Second, it has one of the largest proportions of asian poverty rate at 43% of the total and is ranked #2. The only larger county being Weakley County with 100%.

Figure 27 shows key poverty statistics for groups based on marriage status. Obion County has the percentage of married with children and in poverty less than most other counties in the local area at 48% of the total. Second, it has less than most other counties in the greater region when ranked by unmarried female with children and in poverty at 30% 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.) Obion County depicts it has a Public Assistance Percent of 16.9% which is the second smallest when ranked by households with public assistance of all the other counties in the metro area. The county with the highest households with public assistance in the area is Lake County which depicts a households with public assistance of 38.9% (approximately 2.3 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Obion County depicts it has a Gini Index of 46.4% which is the second smallest in terms of the gini index of all the other counties in the local area.

Obion County Work Commute Charts

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

In Figure 35 is shown a frequency distribution of the time that people leave for work. Obion County has the largest proportion of people who leave for work between 6am to 630am at 12% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 12noon to 4pm at 7% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Obion County has the largest proportion of people with commute time between 60 to 89 minutes at 2% of the total and is ranked #1.

The average commute time is shown in Figure 37. Obion County depicts it has a Avg Commute Time of 21 which is the third most average commute time of all other counties in the greater Obion County region. Figure 38 shows the difference between male versus female commuting time. Obion County shows average commute time in minutes for men 19.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Obion County has the percentage of no vehicle available in the mid range of other counties in the metro area at 19% of the total. Second, it has less than most other counties in the greater region as measured by 4 vehicles available at 2% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Obion County depicts it has a Work in city or place where live of 48% which is the second most people who both work and live in the same city of all the counties in the greater Obion County 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% (28.9% larger). Comparing people who both work and live in the same city to the United States average of 42%, Obion County is 15.4% larger. Also, benchmarked against the state of Tennessee, people who both work and live in the same city of 57%, Obion County is about 17.7% smaller.

Obion 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. Obion County depicts it has the hightest median earnings of $89,881 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Obion County depicts it has the hightest median earnings of $45,875 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Obion County employment data in terms of job categories and salary data.

Obion 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. Obion County shows it has the hightest entrepreneurs of 51% for the self employed management, business, science, and arts businesses category.

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. Obion County depicts it has the hightest entrepreneurs of 37% for the self employed in construction aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Obion County depicts it has a Self Employment Income of $44,162 which is the third most average annual self employment income of all other counties in the greater Obion County region. The county with the highest average annual self employment income in the area is Hickman County which depicts an average annual self employment income of $47,889 (8.4% larger). Comparing average annual self employment income to the United States average of $39,154, Obion County is 12.8% larger. Also, in comparison with the state of Tennessee, average annual self employment income of $39,208, Obion County is 12.6% larger.

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