Smithfield CCD Utah Income Charts

This section shows the Smithfield 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, Smithfield CCD shows it has a median earnings per worker of $45,680 which is less than most other places in the area. The place with the highest median earnings per worker in the area is Peter CDP which shows a median earnings of $55,729 (22.0% larger). Comparing median earnings per worker to the United States average of $47,712, Smithfield CCD is only about 4.4% smaller. Also, compared to the state of Utah, median earnings per worker of $46,810, Smithfield CCD is only about 2.5% smaller.

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 $65,738 which is the third most median income of all other places in the greater Smithfield CCD region. The place with the highest median household income in the area is Peter CDP which indicates a median income of $71,434 (8.7% larger). Comparing median household income to the United States average of $60,293, Smithfield CCD is 9.0% larger. Also, compared to the state of Utah, median household income of $68,374, Smithfield CCD is only about 4.0% smaller.

The next section examines a variety of different income statistics for the Smithfield CCD metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 in the mid range of other places in the local area at 25.6% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 36.4 which is less than most other places in the metro area. The place with the highest average hours in the area is Benson CDP which shows an average hours of 41.1 (12.9% 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 $24.13 which is in the middle range of other places in the metro area. The place with the highest average hourly earnings in the area is Peter CDP which depicts an average hourly earnings of $28.20 (16.9% larger). Comparing average hourly earnings to the United States average of $23.71, Smithfield CCD is only slightly larger. Also, measured against the state of Utah, average hourly earnings of $24.26, Smithfield CCD is about the same size.

Figure 7 examines the number of self employed people in the Smithfield CCD metro area based on the number of people who reported any self employment income. Smithfield CCD shows it has a percentage of people self employed of 19.6% which is less than most other places in the greater region. The place with the highest percentage of people self employed in the area is Amalga which shows a percentage self employed of 29.9% (52.8% 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 $49,167 of the total and is ranked #2. The only larger place being Smithfield with $52,500. Second, it has one of the largest proportions of median income-25 to 44 years at $65,988 of the total and is ranked #3. Only #2 Smithfield ($66,069), and #1 Newton ($66,389) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $90,104 of the total and is ranked #2. The only larger place being Smithfield with $92,813. Also, it has less than most other places in the area in terms of median income-65 years and over at $46,528 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 15.8% which is less than most other places in the greater region. The place with the highest households with retirement income in the area is Peter CDP which depicts a households with retirement income of 28.2% (78.3% 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 $69,968 of the total and is ranked #3. Only #2 Smithfield ($70,042), and #1 Peter CDP ($71,721) are larger. Second, it has one of the largest proportions of white family income at $69,010 of the total and is ranked #3. Only #2 Amalga ($70,000), and #1 Peter CDP ($71,721) are larger. Third, it has one of the largest proportions of hispanic family income at $47,422 of the total and is ranked #2. The only larger place being Amalga with $60,156.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Smithfield CCD depicts it has the hightest cost of 113.7 for the cost of miscellaneous items category.

Smithfield 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 shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 6.2% to 1.7% in December 2019. This represents a decrease in the monthly unemployment rate of 72.6%. Since that time, the monthly unemployment rate has gone to 1.7% 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 shows that from January 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 26,117 to 28,537 in November 2019. This represents an increase in the monthly labor force participation of 9.3%. Since that time, the monthly labor force participation has gone to 28,537 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 Smithfield CCD shows it has an unemployment rate of 2.1% which is the third most unemployment rate of all other places in the greater Smithfield CCD region. The place with the highest unemployment rate in the area is Smithfield which depicts a rate of 2.4% (13.9% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Smithfield CCD shows it has a participation rate of 67.4% which is less than most other places in the metropolitan area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Smithfield CCD shows full time employees about twice as large 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 Smithfield CCD area. Smithfield CCD depicts it has a families with a single earner of 31.6% which is the third most families with a single earner of all other places in the greater Smithfield CCD region. The place with the highest families with a single earner in the area is Newton which depicts a single earners rate of 33.1% (only about 5.0% larger). The percentage of families with no one working is depicted in Figure 22. Smithfield CCD shows it has a families with no one working of 10.8% which is in the mid range of other places in the local area. The place with the highest families with no one working in the area is Trenton which shows a families with no worker of 17.3% (60.3% larger).

Smithfield CCD Utah Poverty Charts

The next section details economy analysis about poverty for residents of the Smithfield 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. Smithfield CCD shows it has a total people earning less than the poverty level of 1,085 which is the highest of all places in the greater Smithfield CCD region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Smithfield CCD shows it has a percent of people earning less than the poverty level of 7.7% which is in the intermediate range of other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Amalga which shows a percent of people in poverty of 12.7% (65.2% larger).

In Figure 25 people who are in poverty are broken out by age group. Smithfield CCD has one of the largest proportions of person in poverty 18 to 34 years at 35% of the total and is ranked #2. The only larger place being Smithfield with 39%. Second, it has in the mid range of other places in the local area when ranked by person in poverty 65+ years at 3% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Smithfield CCD has one of the largest proportions of hispanicp poverty rate at 5% of the total and is ranked #3. Only #2 Amalga (23%), and #1 Newton (60%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Smithfield CCD has one of the largest proportions of less than highschool in poverty at 17% of the total and is ranked #3. Only #2 Smithfield (18%), and #1 Amalga (19%) are larger. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Smithfield CCD has one of the largest proportions of people who are in poverty and employed at 22.1% of the total and is ranked #3. Only #2 Smithfield (22.4%), and #1 Newton (25.9%) are larger. 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.) Smithfield CCD shows it has a households with public assistance of 7.2% which is the third most of all other places in the area. The place with the highest households with public assistance in the area is Amalga which shows a households with public assistance of 10.8% (50.6% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Smithfield CCD shows it has a the gini index of 33.2% which is the third most the gini index of all other places in the greater Smithfield CCD region.

Smithfield CCD Utah Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Smithfield CCD or elsewhere.) Smithfield CCD has one of the largest proportions of people who drove alone at 79% of the total and is ranked #3. Only #2 Smithfield (80%), and #1 Benson CDP (81%) are larger. Second, it has less than most other places in the surrounding region in order of people who work at home at 5% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Smithfield CCD has the percentage of people who leave for work between 12am to 5am less than most other places in the metro area at 5% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Smithfield CCD has the percentage of people with commute time between 5 to 9 minutes in the mid range of other places in the surrounding region at 13% of the total. Second, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 22% of the total and is ranked #2. The only larger place being Smithfield with 25%.

The average commute time is shown in Figure 37. Smithfield CCD depicts it has an average commute time of 20 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Smithfield CCD shows average commute time in minutes for men 35.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Smithfield CCD has the percentage of 3 vehicles available less than most other places in the greater region at 26% of the total. Second, it has one of the largest proportions of 4 vehicles available at 19% of the total and is ranked #3. Only #2 Smithfield (19%), and #1 Amalga (20%) are larger. Third, it has in the mid point range of other places in the metro area in order of 5 or more vehicles available at 5% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Smithfield CCD depicts it has a people who both work and live in the same city of 16% which is less than most other places in the area. The place with the highest people who both work and live in the same city in the area is Peter CDP which depicts a people who both work and live in the same city of 50% (approximately 3.1 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Smithfield CCD is approximately a third the size. Also, in comparison with the state of Utah, people who both work and live in the same city of 31%, Smithfield CCD is approximately half the size.

Smithfield 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. Smithfield CCD depicts it has the hightest median earnings of $105,368 for the earnings-healthcare practitioners and tech occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Smithfield CCD depicts it has the hightest median earnings of $46,750 for the earnings-education, legal, community service, arts, media occupations grouping. The table in Figure 48, shows Smithfield CCD employment data in terms of job categories and salary data.

Smithfield 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. Smithfield CCD depicts it has the hightest entrepreneurs of 40% 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. Smithfield CCD shows it has the hightest entrepreneurs of 21% for the self employed in agriculture, forestry, fishing and hunting, and mining group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Smithfield CCD depicts it has an average annual self employment income of $26,169 which is the second most average annual self employment income of all the places in the greater Smithfield CCD region. The place with the highest average annual self employment income in the area is Smithfield which depicts an average annual self employment income of $27,310 (only about 4.4% larger). Comparing average annual self employment income to the United States average of $37,819, Smithfield CCD is approximately three-fourths the size. Also, compared to the state of Utah, average annual self employment income of $31,010, Smithfield CCD is about 18.5% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Smithfield CCD shows total number of self-employed men 74.3% larger as the total number of self-employed women.