Signal Mountain Tennessee Income Charts

This section shows the Signal Mountain Tennessee economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Signal Mountain depicts it has a Median earnings of $77,413 which is the second most median earnings of all the places in the greater Signal Mountain region. The city with the highest median earnings per worker in the area is Fairmount CDP which depicts a median earnings of $112,955 (45.9% larger). Comparing median earnings per worker to the United States average of $50,459, Signal Mountain is 53.4% larger. Also, measured against the state of Tennessee, median earnings per worker of $43,502, Signal Mountain is 78.0% 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 $109,611 which is the second most median income of all the places in the greater Signal Mountain region. The city with the highest median household income in the area is Walden which depicts a median income of $111,250 ( only slightly larger). Comparing median household income to the United States average of $64,994, Signal Mountain is 68.6% larger. Also, in comparison with the state of Tennessee, median household income of $54,833, Signal Mountain is about twice as large.

The next section examines a variety of different income statistics for the Signal Mountain metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest as measured by median earnings of less than $10,000 of all the other places in the surrounding region at 5.1% of the total. Second, it has the second smallest in order of median earnings of less than $10,000 of all the other places in the metro area in order of earnings between $15,000 and $19,999 at 19.1% of the total. Third, it has one of the largest proportions of earnings between $75,000 and $99,999 at 29.5% of the total and is ranked #2. The only larger city being Fairmount CDP with 43.2%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 40.5 which is the second most average hours of all the places in the greater Signal Mountain region. The city with the highest average hours in the area is Falling Water CDP which depicts an average hours of 40.6 ( about the same size). 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 $36.76 which is the second most average hourly earnings of all the places in the greater Signal Mountain region. The city with the highest average hourly earnings in the area is Fairmount CDP which depicts an average hourly earnings of $56.86 (54.7% larger). Comparing average hourly earnings to the United States average of $25.01, Signal Mountain is 47.0% larger. Also, in contrast to the state of Tennessee, average hourly earnings of $21.34, Signal Mountain is 72.2% larger.

Figure 7 examines the number of self employed people in the Signal Mountain metro area based on the number of people who reported any self employment income. Signal Mountain depicts it has a Self Employed of 16.5% which is the third most people self employed of all other places in the greater Signal Mountain region. The city with the highest percentage of people self employed in the area is Lone Oak CDP which shows a percentage self employed of 23.0% (39.3% larger).

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 $132,396 of the total and is ranked #3. Only #2 Walden ($136,750), and #1 Fairmount CDP ($196,875) are larger. Second, it has one of the largest proportions of median income-25 to 44 years at $145,083 of the total and is ranked #3. Only #2 Walden ($147,250), and #1 Falling Water CDP ($154,545) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $67,689 of the total and is ranked #2. The only larger city being Walden with $71,042.

Figure 9 breaks down the source of income and Signal Mountain has the largest proportion of self employment income at 19.1% 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 21.9% which is in the mid range of other places in the metro area. The city with the highest households with retirement income in the area is Walden which shows a households with retirement income of 26.1% (19.6% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $132,379 of the total and is ranked #3. Only #2 Falling Water CDP ($137,604), and #1 Walden ($145,750) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Signal Mountain shows it has the hightest cost of 149.6 for the cost of housing classification.

Signal Mountain 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 shows that from January 2010 to before the Wuhan 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 3.6% This represents a decrease in the monthly unemployment rate of 18.2%. 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 disasterous Covid-19 virus 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 87,653 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 Signal Mountain depicts it has a Unemployment Rate of 1.4% which is the second smallest as measured by unemployment rate of all the other places in the local area. The city with the highest unemployment rate in the area is Fairmount CDP which depicts a rate of 3.3% (approximately 2.4 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Signal Mountain depicts it has a Labor Force Participation of 56.8% which is the second smallest when ranked by participation rate of all the other places in the surrounding region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Signal Mountain depicts full time employees approximately 3.9 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 Signal Mountain area. Signal Mountain depicts it has a Single Earner Families of 30.8% which is the second most families with a single earner of all the places in the greater Signal Mountain region. The city with the highest families with a single earner in the area is Lone Oak CDP which depicts a single earners rate of 39.4% (27.8% larger). The percentage of families with no one working is depicted in Figure 22. Signal Mountain depicts it has a Families with No One Working of 16.6% which is in the center range of other places in the local area. The city with the highest families with no one working in the area is Fairmount CDP which depicts a families with no worker of 26.4% (59.3% larger).

Signal Mountain Tennessee Poverty Charts

The next section details economy analysis about poverty for residents of the Signal Mountain 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. Signal Mountain depicts it has a Total In Poverty of 190 which is in the middle range of other places in the metropolitan area. The city with the highest total people earning less than the poverty level in the area is Chattanooga which depicts a total people earning less than the poverty level of 30,544 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Signal Mountain depicts it has a Percent of Population In Poverty of 2.3% which is the second smallest when sorted by percent of people earning less than the poverty level of all the other places in the surrounding region. The city with the highest percent of people earning less than the poverty level in the area is Lone Oak CDP which depicts a percent of people in poverty of 19.7% ( very much bigger).

In Figure 25 people who are in poverty are broken out by age group. Signal Mountain has the percentage of person in poverty 12 to 17 years less than most other places in the greater region at 11% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 42% of the total and is ranked #1. Third, it has one of the largest proportions of person in poverty 35 to 54 years at 15% of the total and is ranked #3. Only #2 Red Bank (19%), and #1 Fairmount CDP (100%) are larger. Also, it has one of the largest proportions of person in poverty 55 to 64 years at 33% of the total and is ranked #2. The only larger city being Falling Water CDP with 41%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Signal Mountain has the largest proportion of white poverty rate at 53% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Signal Mountain has the percentage of less than highschool in poverty the second smallest as measured by less than highschool in poverty of all the other places in the surrounding region at 10% 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. Signal Mountain has the largest proportion of people who are in poverty and employed at 6.8% of the total and is ranked #1. Second, it has one of the largest proportions of people who are in poverty and unemployed at 43.2% of the total and is ranked #2. The only larger city being Fairmount CDP with 100.0%.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Signal Mountain shows it has a Gini Index of 43.4% which is less than most other places in the local area.

Signal Mountain Tennessee 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 Signal Mountain 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.) Signal Mountain has the largest proportion of people who bicycle or walk to work at 10% 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 Signal Mountain or elsewhere.) Signal Mountain has the percentage of people who carpooled the second smallest as measured by people who drove alone of all the other places in the area at 4% of the total. Second, it has the largest proportion of people who work from home at 10% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Signal Mountain has the percentage of people who leave for work between 12am to 5am the second smallest when sorted by people who leave for work between 12am to 5am of all the other places in the greater region at 0% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Signal Mountain has one of the largest proportions of people with commute time of less than 5 minutesutes at 9% of the total and is ranked #3. Only #2 Red Bank (10%), and #1 Chattanooga (13%) are larger. Second, it has in the center range of other places in the greater region in terms of people with commute time between 5 to 9 minutes at 8% of the total. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 14% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 40 to 44 minutes at 1% of the total. In addition, it has the largest proportion of people with commute time between 60 to 89 minutes at 3% of the total and is ranked #1.

The average commute time is shown in Figure 37. Signal Mountain shows it has a Avg Commute Time of 26 which is the third most average commute time of all other places in the greater Signal Mountain region. Figure 38 shows the difference between male versus female commuting time. Signal Mountain depicts average commute time in minutes for men 58.3% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Signal Mountain has the smallest proportion of no vehicle available at 5% of the total. Second, it has the largest proportion of 1 vehicle available at 49% of the total and is ranked #1. Third, it has one of the largest proportions of 3 vehicles available at 12% of the total and is ranked #2. The only larger city being Walden with 20%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Signal Mountain shows it has a Work in city or place where live of 26% which is the second most people who both work and live in the same city of all the places in the greater Signal Mountain region. The city with the highest people who both work and live in the same city in the area is Chattanooga which depicts a people who both work and live in the same city of 86% (approximately 3.3 times bigger). Comparing people who both work and live in the same city to the United States average of 43%, Signal Mountain is approximately three-fourths the size. Also, in comparison with the state of Tennessee, people who both work and live in the same city of 57%, Signal Mountain is approximately half the size.

Signal Mountain 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. Signal Mountain depicts it has the hightest median earnings of $250,001 for the earnings-healthcare practitioners and tech occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Signal Mountain shows it has the hightest median earnings of $83,695 for the management, business, and financial occupations group. The table in Figure 48, shows Signal Mountain employment data in terms of job categories and salary data.

Signal Mountain 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. Signal Mountain depicts it has the hightest entrepreneurs of 44% 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. Signal Mountain shows it has the hightest entrepreneurs of 75% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Signal Mountain shows it has a Self Employment Income of $70,174 which is ranked #1 of all places in the local area. Comparing average annual self employment income to the United States average of $40,101, Signal Mountain is 75.0% larger. Also, compared to the state of Tennessee, average annual self employment income of $41,128, Signal Mountain is 70.6% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Signal Mountain shows total number of self-employed men approximately 2.2 times bigger as the total number of self-employed women.