Snyderville CDP Utah Income Charts

This section shows the Snyderville CDP Utah economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Snyderville CDP depicts it has a Median earnings of $85,269 which is more than all other places in the greater Snyderville CDP region. Comparing median earnings per worker to the United States average of $49,041, Snyderville CDP is 73.9% larger. Also, versus the state of Utah, median earnings per worker of $48,166, Snyderville CDP is 77.0% 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 $116,932 which is the third most median income of all other places in the greater Snyderville CDP region. The place with the highest median household income in the area is Silver Summit CDP which shows a median income of $147,404 (26.1% larger). Comparing median household income to the United States average of $62,843, Snyderville CDP is about twice as large. Also, measured against the state of Utah, median household income of $71,621, Snyderville CDP is 63.3% larger.

The next section examines a variety of different income statistics for the Snyderville CDP 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 greater region at 4.3% of the total. Second, it has the second smallest when ranked by median earnings of less than $10,000 of all the other places in the local area in order of earnings between $15,000 and $19,999 at 18.6% of the total. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 8.0% of the total and is ranked #1. Also, it has one of the largest proportions of earnings between $75,000 and $99,999 at 29.7% of the total and is ranked #2. The only larger place being Silver Summit CDP with 30.6%.

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 more than all other places in the greater Snyderville CDP region. 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 $41.83 which is at the top of all other places in the greater Snyderville CDP region. Comparing average hourly earnings to the United States average of $24.31, Snyderville CDP is 72.1% larger. Also, versus the state of Utah, average hourly earnings of $24.90, Snyderville CDP is 68.0% larger.

Figure 7 examines the number of self employed people in the Snyderville CDP metro area based on the number of people who reported any self employment income. Snyderville CDP depicts it has a Self Employed of 26.2% which is the largest of all places in the greater Snyderville CDP region.

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 $132,031 of the total and is ranked #2. The only larger place being Silver Summit CDP with $154,063. Second, it has one of the largest proportions of median income-25 to 44 years at $120,573 of the total and is ranked #3. Only #2 Summit Park CDP ($166,154), and #1 Silver Summit CDP ($174,318) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $108,750 of the total and is ranked #3. Only #2 Park City ($117,083), and #1 Hideout ($173,359) are larger.

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 13.0% which is the third most of all other places in the area. The place with the highest households with retirement income in the area is Summit Park CDP which depicts a households with retirement income of 19.0% (45.6% larger).

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 $169,828 of the total and is ranked #1. Second, it has the largest proportion of white family income at $44,167 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Snyderville CDP shows it has the hightest cost of 296.5 for the cost of housing aggregate.

Snyderville CDP 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 6.9% to 2.8% in February 2020. This represents a decrease in the monthly unemployment rate of 59.4%. Since that time, the monthly unemployment rate has gone to 4.6% This represents an increase in the monthly unemployment rate of 64.3%. 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 February 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 13,040 to 16,211 in February 2020. This represents an increase in the monthly labor force participation of 24.3%. Since that time, the monthly labor force participation has gone to 16,343 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 Snyderville CDP shows it has a Unemployment Rate of 1.1% which is the third most unemployment rate of all other places in the greater Snyderville CDP region. The place with the highest unemployment rate in the area is Alta which shows a rate of 7.5% ( substantially bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Snyderville CDP depicts it has a Labor Force Participation of 76.4% which is in the middle range of other places in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Snyderville CDP depicts full time employees approximately 2.3 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 Snyderville CDP area. Snyderville CDP depicts it has a Single Earner Families of 20.7% which is the second smallest when ranked by families with a single earner of all the other places in the greater region. The place with the highest families with a single earner in the area is Park City which shows a single earners rate of 27.3% (32.2% larger). The percentage of families with no one working is depicted in Figure 22. Snyderville CDP depicts it has a Families with No One Working of 10.3% which is the second smallest in order of families with no one working of all the other places in the local area. The place with the highest families with no one working in the area is Alta which depicts a families with no worker of 23.5% (approximately 2.3 times bigger).

Snyderville CDP Utah Poverty Charts

The next section details economy analysis about poverty for residents of the Snyderville CDP 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. Snyderville CDP depicts it has a Total In Poverty of 318 which is the third most total people earning less than the poverty level of all other places in the greater Snyderville CDP region. The place with the highest total people earning less than the poverty level in the area is Park City which shows a total people earning less than the poverty level of 737 (approximately 2.3 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Snyderville CDP depicts it has a Percent of Population In Poverty of 5.1% which is the second smallest when sorted by percent of people earning less than the poverty level of all the other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Hideout which depicts a percent of people in poverty of 27.8% ( very much bigger).

In Figure 25 people who are in poverty are broken out by age group. Snyderville CDP has the smallest proportion of person in poverty 12 to 17 years at 25% of the total. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 27% of the total and is ranked #2. The only larger place being Alta with 37%. Third, it has the largest proportion of person in poverty 35 to 54 years at 27% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Snyderville CDP has the percentage of married with children and in poverty less than most other places in the local area at 12% of the total. Second, it has one of the largest proportions of unmarried with children and in poverty at 15% of the total and is ranked #3. Only #2 Summit Park CDP (46%), and #1 Hideout (71%) are larger. Third, it has one of the largest proportions of unmarried female with children and in poverty at 7% of the total and is ranked #3. Only #2 Park City (46%), and #1 Wanship CDP (100%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Snyderville CDP has one of the largest proportions of highschool graduate and in poverty at 13% of the total and is ranked #2. The only larger place being Alta with 20%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Snyderville CDP has the largest proportion of people who are in poverty and unemployed at 34.9% 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.) Snyderville CDP depicts it has a Public Assistance Percent of 0.7% which is less than most other places in the area. The place with the highest households with public assistance in the area is Hideout which shows a households with public assistance of 10.6% ( considerably bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Snyderville CDP shows it has a Gini Index of 52.0% which is in the center range of other places in the metro area.

Snyderville CDP Utah 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 Snyderville CDP 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.) Snyderville CDP has the smallest proportion of people who take public transportation to work at 1% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Snyderville CDP has the largest proportion of people who leave for work between 6am to 630am at 10% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 7am to 730am at 12% of the total. Third, it has the largest proportion of people who leave for work between 8am to 830am at 10% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 830 am to 9am at 13% 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. Snyderville CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 19% of the total and is ranked #2. The only larger place being Park City with 23%. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 19% of the total and is ranked #3. Only #2 Hideout (20%), and #1 Park City (26%) are larger. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 17% of the total and is ranked #3. Only #2 Hideout (23%), and #1 Alta (53%) are larger.

The average commute time is shown in Figure 37. Snyderville CDP depicts it has a Avg Commute Time of 22 which is in the center range of other places in the local area. Figure 38 shows the difference between male versus female commuting time. Snyderville CDP shows average commute time in minutes for men only about 5.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Snyderville CDP has one of the largest proportions of no vehicle available at 23% of the total and is ranked #3. Only #2 Hideout (34%), and #1 Alta (35%) are larger. Second, it has in the mid range of other places in the local area when ranked by 1 vehicle available at 44% of the total. Third, it has in the mid point range of other places in the surrounding region when sorted 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.) Snyderville CDP depicts it has a Work in city or place where live of 27% which is in the mid range of other places in the greater region. The place with the highest people who both work and live in the same city in the area is Alta which depicts a people who both work and live in the same city of 91% (approximately 3.3 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Snyderville CDP is approximately three-fourths the size. Also, versus the state of Utah, people who both work and live in the same city of 32%, Snyderville CDP is about 15.8% smaller.

Snyderville CDP 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. Snyderville CDP depicts it has the hightest median earnings of $250,001 for the earnings-healthcare practitioners and tech occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Snyderville CDP indicates it has the hightest median earnings of $175,250 for the earnings-healthcare practitioners and tech occupations group. The table in Figure 48, shows Snyderville CDP employment data in terms of job categories and salary data.

Snyderville CDP 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. Snyderville CDP shows it has the hightest entrepreneurs of 72% 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. Snyderville CDP shows it has the hightest entrepreneurs of 29% for the self employed in professional, scientific, management, administrative services classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Snyderville CDP shows it has a Self Employment Income of $65,887 which is in the center range of other places in the metropolitan area. The place with the highest average annual self employment income in the area is Silver Summit CDP which depicts an average annual self employment income of $152,027 (approximately 2.3 times bigger). Comparing average annual self employment income to the United States average of $39,154, Snyderville CDP is 68.3% larger. Also, measured against the state of Utah, average annual self employment income of $33,077, Snyderville CDP is about twice as large.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Snyderville CDP shows total number of self-employed men 47.3% larger as the total number of self-employed women.