Signal Mountain Tennessee Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. Signal Mountain shows it has $73,975 median earnings which is more than all other placesin the area. Comparing median earnings to the United States average of $47,712, Signal Mountain is 55.0% larger. Also, benchmarked against the state of Tennessee, median earnings of $41,249, Signal Mountain is 79.3% larger.

In Figure 2 we see a more complete view of income which includes all members in a household using the median household income and it has $104,933 median income which is the largest of all placesin the area. Comparing median income to the United States average of $60,293, Signal Mountain measures 74.0% larger. Also, versus the state of Tennessee, median income of $50,972, Signal Mountain is about twice as large.

The next section examines a variety of different income statistics. In Figure 3 we see that it has the largest proportion of median earnings of $100,000 or more at 26.6% 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 39.8 average hours which is the 2nd most of all the places in the area. The city with the highest average hours in the area is Walden with an average hours of 40.0 is 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 $35.74 average hourly earnings which is the largest of all placesin the area. Comparing average hourly earnings to the United States average of $23.71, Signal Mountain is 50.8% larger. Also, in contrast to the state of Tennessee, average hourly earnings of $20.29, Signal Mountain is 76.2% larger.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Signal Mountain shows it has 19.2% Self Employed which is the 3d most of all other places in the area. The city with the highest Self Employed in the area is Lone Oak with a Self Employed of 28.7% measures 49.6% larger.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of Median Income-65 years and over at $81,083 of the total and is ranked #1.

In terms of the source of where income comes from, in Figure 9 Signal Mountain has the largest proportion of investment and retirement income at 19.7% 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 25.9% households with retirement income which is the largest of all placesin the area.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of Overall Family Income at $123,340 of the total and is ranked #1. Second, it has the largest proportion of White Family Income at $123,843 of the total and is ranked #1.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Signal Mountain shows it has hightest cost of 169.2 for cost of housing.

Signal Mountain Tennessee Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data from 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 measure for the United States. It shows that from February 2010 to April 2020 the Monthly Unemployment Rate went from 9.9% to 16.7%. This represents an increase in the Monthly Unemployment Rate of 68.7%. 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. The participation level It shows that from February 2010 to April 2020 the Monthly Labor Force Participation went from 80,399 to 89,279. This represents an increase in the Monthly Labor Force Participation of 11.0%.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Signal Mountain shows it has 2.6% unemployment rate which is the 4th ranked in unemployment rate out of 10 total in the area. The city with the highest unemployment rate in the area is Falling Water with a rate of 6.4% is 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 shows it has 56.6% participation rate which is the 4th smallest participation rate of all the other places in the area.

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). Signal Mountain has the largest proportion of not in labor force at 43.4% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Signal Mountain shows full time employees is approximately 3.2 times bigger than 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. Signal Mountain shows it has 33.5% families with a single earner which is the 2nd most of all the places in the area. The city with the highest families with a single earner in the area is Falling Water with a single earners rate of 38.9% measures 16.2% larger. The percentage of families with no one working is depicted in Figure 22. Signal Mountain shows it has 19.7% families with no one working which is the 2nd most of all the places in the area. The city with the highest families with no one working in the area is Red Bank with a families with no worker of 21.3% measures 8.0% larger.

Signal Mountain Tennessee Poverty Charts

The next section details information about poverty in the area. In Figure 23 the total number of people earning less than the poverty level are shown. Signal Mountain shows it has 154 total people earning less than the poverty level which is the 5th ranked in total people earning less than the poverty level out of 10 total in the area. The city with the highest total people earning less than the poverty level in the area is Chattanooga with a total people earning less than the poverty level of 31,917 is considerably 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 shows it has 1.9% percent of people earning less than the poverty level which is the 4th smallest percent of people earning less than the poverty level of all the other places in the area. The city with the highest percent of people earning less than the poverty level in the area is Lone Oak with a percent of people in poverty of 28.9% is very much bigger.

In Figure 25 people who are in poverty are broken out by age group. Signal Mountain has the largest proportion of person in poverty 35 to 54 years at 55% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 55 to 64 years at 24% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Signal Mountain has the largest proportion of Black poverty rate at 54% 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 largest proportion of less than highschool in poverty at 82% 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. We see that Signal Mountain has the largest proportion of people who are in poverty and not in Labor Force at 39.0% 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.) We can see that Signal Mountain shows it has 0.5% households with public assistance which is the 6th ranked in households with public assistance out of 10 total in the area. The city with the highest households with public assistance in the area is Chattanooga with a households with public assistance of 18.0% is considerably bigger.

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 41.3% the Gini Index which is the 6th ranked in the Gini Index out of 10 total in the area.

Signal Mountain Tennessee Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Signal Mountain has the largest proportion of people who leave for work between 7am to 730am at 19% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 8am to 830am at 16% 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. Signal Mountain has the largest proportion of people with commute time between 20 to 24 minutes at 26% of the total and is ranked #1. Second, it 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. Signal Mountain indicates it has 24 average commute time which is the 5th ranked in average commute time out of 10 total in the area.

Figure 38 shows the difference between male versus female commuting time and Signal Mountain shows average commute time in minutes for men is 38.6% larger than average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Signal Mountain has the largest proportion of 2 vehicles available at 57% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Signal Mountain shows it has 23% people who both work and live in the same city which is the 2nd most of all the places in the area. The city with the highest people who both work and live in the same city in the area is Chattanooga with a people who both work and live in the same city of 85% compares as approximately 3.7 times bigger. Comparing people who both work and live in the same city to the United States average of 42%, Signal Mountain measures approximately half the size. Also, compared to 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 indicates it has hightest median earnings of $171,625 for Earnings-Healthcare practitioners and tech occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and Signal Mountain shows it has hightest median earnings of $168,917 for Earnings-Computer, engineering, and science occupations.

Signal Mountain Tennessee Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. Signal Mountain shows it has hightest entrepreneurs of 100% for self employed management, business, science, and arts businesses.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories. Signal Mountain shows it has hightest entrepreneurs of 57% for self employed in professional, scientific, management, administrative services.

In Figure 51 the average annual self employment income is shown. Signal Mountain shows it has $68,732 average annual self employment income which is more than all other placesin the area. Comparing average annual self employment income to the United States average of $37,819, Signal Mountain is about twice as large. Also, measured against the state of Tennessee, average annual self employment income of $37,481, Signal Mountain is about twice as large.

Figure 52 shows the difference between the number of self employed men and self employed women. Signal Mountain shows total number of self-employed men is about twice as large than total number of self-employed women.