Cottonwood CCD Utah Income Charts

This section shows the Cottonwood CCD Utah economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Cottonwood CCD shows it has a median earnings per worker of $79,464 which is the highest of all places in the greater Cottonwood CCD region. Comparing median earnings per worker to the United States average of $47,712, Cottonwood CCD is 66.5% larger. Also, benchmarked against the state of Utah, median earnings per worker of $46,810, Cottonwood CCD is 69.8% 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 $125,682 which is the most of all places in the greater Cottonwood CCD region. Comparing median household income to the United States average of $60,293, Cottonwood CCD is about twice as large. Also, compared to the state of Utah, median household income of $68,374, Cottonwood CCD is about twice as large.

The next section examines a variety of different income statistics for the Cottonwood CCD metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 less than most other places in the surrounding region at 5.8% of the total. Second, it has one of the largest proportions of earnings of $100,000 more at 28.1% of the total and is ranked #2. The only larger place being Snyderville CDP with 30.0%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 39.5 which is the second most of all the places in the surrounding region. The place with the highest average hours in the area is Alta which shows an average hours of 40.0 ( only slightly larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $38.69 which is the second most of all the places in the surrounding region. The place with the highest average hourly earnings in the area is Snyderville CDP which shows an average hourly earnings of $38.80 ( about the same size). Comparing average hourly earnings to the United States average of $23.71, Cottonwood CCD is 63.2% larger. Also, in contrast to the state of Utah, average hourly earnings of $24.26, Cottonwood CCD is 59.4% larger.

Figure 7 examines the number of self employed people in the Cottonwood CCD metro area based on the number of people who reported any self employment income. Cottonwood CCD shows it has a percentage of people self employed of 20.9% which is the second most of all the places in the metropolitan area. The place with the highest percentage of people self employed in the area is Snyderville CDP which depicts a percentage self employed of 22.8% (8.6% larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-25 to 44 years at $168,333 of the total and is ranked #1. Second, it has the largest proportion of median income-45 to 64 years at $145,795 of the total and is ranked #1. Third, it has less than most other places in the local area when sorted by median income-65 years and over at $83,977 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 households with retirement income of 19.6% which is the largest of all places in the greater Cottonwood CCD region.

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 $148,009 of the total and is ranked #2. The only larger place being Snyderville CDP with $158,125. Second, it has one of the largest proportions of white family income at $148,490 of the total and is ranked #2. The only larger place being Snyderville CDP with $165,000.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Cottonwood CCD depicts it has the hightest cost of 269.2 for the cost of housing group.

Cottonwood CCD Utah 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 Wuhan Coronavirus Pandemic the monthly unemployment rate went from 7.3% to 1.9% in December 2019. This represents a decrease in the monthly unemployment rate of 74.0%. Since that time, the monthly unemployment rate has gone to 1.9% 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 18,570 to 20,221 in November 2019. This represents an increase in the monthly labor force participation of 8.9%. Since that time, the monthly labor force participation has gone to 20,221 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 Cottonwood CCD shows it has an unemployment rate of 0.3% which is the second smallest in terms of unemployment rate of all the other places in the local area. The place with the highest unemployment rate in the area is Cottonwood Heights which shows a rate of 2.0% ( very much bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Cottonwood CCD shows it has a participation rate of 64.5% which is the second smallest when ranked by participation rate of all the other places in the greater 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). Cottonwood CCD has one of the largest proportions of not in labor force at 35.5% of the total and is ranked #2. The only larger place being Granite CDP with 41.8%.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Cottonwood CCD shows full time employees approximately 2.8 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 Cottonwood CCD area. Cottonwood CCD shows it has a families with a single earner of 33.7% which is the most of all places in the greater Cottonwood CCD region. The percentage of families with no one working is depicted in Figure 22. Cottonwood CCD shows it has a families with no one working of 15.0% which is in the intermediate range of other places in the local area. The place with the highest families with no one working in the area is Alta which indicates a families with no worker of 30.8% (about twice as large).

Cottonwood CCD Utah Poverty Charts

The next section details economy analysis about poverty for residents of the Cottonwood CCD 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. Cottonwood CCD depicts it has a total people earning less than the poverty level of 104 which is the second smallest in order of total people earning less than the poverty level of all the other places in the metro area. The place with the highest total people earning less than the poverty level in the area is Cottonwood Heights which depicts a total people earning less than the poverty level of 1,810 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Cottonwood CCD depicts it has a percent of people earning less than the poverty level of 2.5% which is the smallest when sorted by percent of people earning less than the poverty level of all the other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is Granite CDP which depicts a percent of people in poverty of 14.7% ( markedly bigger).

In Figure 25 people who are in poverty are broken out by age group. Cottonwood CCD has one of the largest proportions of person in poverty 18 to 34 years at 63% of the total and is ranked #2. The only larger place being Alta with 82%. Second, it has the smallest proportion of person in poverty 35 to 54 years at 9% of the total. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 18% of the total and is ranked #2. The only larger place being Snyderville CDP with 27%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Cottonwood CCD has the smallest proportion of white poverty rate at 3% 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.) Cottonwood CCD shows it has a households with public assistance of 0.6% which is less than most other places in the metropolitan area. The place with the highest households with public assistance in the area is Granite CDP which shows a households with public assistance of 12.2% ( markedly bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Cottonwood CCD shows it has a the gini index of 46.1% which is less than most other places in the surrounding region.

Cottonwood CCD Utah Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Cottonwood CCD or elsewhere.) Cottonwood CCD has one of the largest proportions of people who drove alone at 71% of the total and is ranked #3. Only #2 Cottonwood Heights (72%), and #1 Holladay (78%) are larger. Second, it has the largest proportion of people who take a streetcar or trolley at 1% of the total and is ranked #1. Third, it has the largest proportion of people who take the subway or elevated rail at 1% of the total and is ranked #1. Also, it has less than most other places in the local area when sorted by people who work at home at 14% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Cottonwood CCD has the percentage of people who leave for work between 12am to 5am less than most other places in the greater region at 0% of the total. Second, it has the largest proportion of people who leave for work between 10am to 11am at 9% 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. Cottonwood CCD has one of the largest proportions of people with commute time of less than 5 minutesutes at 7% of the total and is ranked #2. The only larger place being Alta with 44%. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 6% of the total. Third, it has the largest proportion of people with commute time between 60 to 89 minutes at 5% of the total and is ranked #1. Also, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the greater region as measured by people with commute time of 90 or more minutesutes at 0% of the total.

The average commute time is shown in Figure 37. Cottonwood CCD depicts it has an average commute time of 23 which is the third most average commute time of all other places in the greater Cottonwood CCD region. Figure 38 shows the difference between male versus female commuting time. Cottonwood CCD shows average commute time in minutes for men about twice as large as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Cottonwood CCD has the percentage of 1 vehicle available the second smallest when ranked by no vehicle available of all the other places in the local area at 9% of the total. Second, it has one of the largest proportions of 3 vehicles available at 29% of the total and is ranked #2. The only larger place being Granite CDP with 50%. Third, it has one of the largest proportions of 4 vehicles available at 13% of the total and is ranked #2. The only larger place being Holladay with 14%. Also, it has the largest proportion of 5 or more vehicles available at 7% 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.) Cottonwood CCD shows it has a people who both work and live in the same city of 34% which is in the middle range of other places in the metropolitan area. The place with the highest people who both work and live in the same city in the area is Alta which shows a people who both work and live in the same city of 89% (approximately 2.6 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Cottonwood CCD is about 24.8% smaller. Also, measured against the state of Utah, people who both work and live in the same city of 31%, Cottonwood CCD is 6.9% larger.

Cottonwood CCD Utah 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. Cottonwood CCD depicts it has the hightest median earnings of $193,333 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 Cottonwood CCD depicts it has the hightest median earnings of $122,800 for the earnings-healthcare practitioners and tech occupations classification. The table in Figure 48, shows Cottonwood CCD employment data in terms of job categories and salary data.

Cottonwood CCD Utah 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. Cottonwood CCD depicts it has the hightest entrepreneurs of 49% for the self employed management, business, science, and arts businesses classification.

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. Cottonwood CCD shows it has the hightest entrepreneurs of 23% for the self employed in wholesale trade classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Cottonwood CCD depicts it has an average annual self employment income of $81,869 which is the third most of all other places in the greater region. The place with the highest average annual self employment income in the area is Alta which depicts an average annual self employment income of $212,392 (approximately 2.6 times bigger). Comparing average annual self employment income to the United States average of $37,819, Cottonwood CCD is about twice as large. Also, in comparison with the state of Utah, average annual self employment income of $31,010, Cottonwood CCD is approximately 2.6 times bigger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Cottonwood CCD indicates total number of self-employed men approximately 4.4 times bigger as the total number of self-employed women.