Stansbury Park CDP Utah Income Charts

This section shows the Stansbury Park 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, Stansbury Park CDP depicts it has a Median earnings of $61,877 which is the most of all places in the metropolitan area. Comparing median earnings per worker to the United States average of $49,041, Stansbury Park CDP is 26.2% larger. Also, in comparison with the state of Utah, median earnings per worker of $48,166, Stansbury Park CDP is 28.5% 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 $101,122 which is the second most median income of all the places in the greater Stansbury Park CDP region. The place with the highest median household income in the area is Erda CDP which shows a median income of $110,365 (9.1% larger). Comparing median household income to the United States average of $62,843, Stansbury Park CDP is 60.9% larger. Also, in contrast to the state of Utah, median household income of $71,621, Stansbury Park CDP is 41.2% larger.

The next section examines a variety of different income statistics for the Stansbury Park CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 2.1% 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 local area as measured by earnings between $15,000 and $19,999 at 18.6% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 40.4 which is more than all other places in the greater 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 $29.45 which is more than all other places in the greater Stansbury Park CDP region. Comparing average hourly earnings to the United States average of $24.31, Stansbury Park CDP is 21.2% larger. Also, compared with the state of Utah, average hourly earnings of $24.90, Stansbury Park CDP is 18.3% larger.

Figure 7 examines the number of self employed people in the Stansbury Park CDP metro area based on the number of people who reported any self employment income. Stansbury Park CDP indicates it has a Self Employed of 12.0% which is in the mid range of other places in the greater region. The place with the highest percentage of people self employed in the area is Erda CDP which shows a percentage self employed of 15.7% (30.4% larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $104,037 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $109,434 of the total and is ranked #2. The only larger place being Erda CDP with $125,547. Third, it has one of the largest proportions of median income-45 to 64 years at $65,125 of the total and is ranked #3. Only #2 Copperton CDP ($68,594), and #1 Erda CDP ($77,063) 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 14.4% which is less than most other places in the metropolitan area. The place with the highest households with retirement income in the area is Stockton which depicts a households with retirement income of 40.2% (approximately 2.8 times bigger).

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 $105,353 of the total and is ranked #1. Second, it has the largest proportion of hawaiian family income at $125,507 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. Stansbury Park CDP depicts it has the hightest cost of 127.0 for the cost of housing aggregate.

Stansbury Park 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 depicts that from February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 10.0% to 2.9% in February 2020. This represents a decrease in the monthly unemployment rate of 71.0%. Since that time, the monthly unemployment rate has gone to 3.4% This represents an increase in the monthly unemployment rate of 17.2%. 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 depicts that from February 2010 to before the Coronavirus Pandemic the monthly labor force participation went from 14,995 to 17,733 in February 2020. This represents an increase in the monthly labor force participation of 18.3%. Since that time, the monthly labor force participation has gone to 17,529 This represents a decrease 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 Stansbury Park CDP shows it has a Unemployment Rate of 0.5% which is the second smallest when sorted by unemployment rate of all the other places in the local area. The place with the highest unemployment rate in the area is Erda CDP which depicts a rate of 6.3% ( substantially bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Stansbury Park CDP depicts it has a Labor Force Participation of 75.1% which is the second most of all the places in the greater region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Stansbury Park CDP indicates full time employees approximately 4.4 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 Stansbury Park CDP area. Stansbury Park CDP depicts it has a Single Earner Families of 27.5% which is the second smallest in order of families with a single earner of all the other places in the local area. The place with the highest families with a single earner in the area is Copperton CDP which shows a single earners rate of 47.2% (71.5% larger). The percentage of families with no one working is depicted in Figure 22. Stansbury Park CDP depicts it has a Families with No One Working of 6.2% 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 Stockton which depicts a families with no worker of 18.5% (approximately 3.0 times bigger).

Stansbury Park CDP Utah Poverty Charts

The next section details economy analysis about poverty for residents of the Stansbury Park 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. Stansbury Park CDP shows it has a Total In Poverty of 152 which is in the intermediate range of other places in the metro area. The place with the highest total people earning less than the poverty level in the area is Magna CDP which depicts a total people earning less than the poverty level of 2,903 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Stansbury Park CDP depicts it has a Percent of Population In Poverty of 1.6% which is less than most other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Magna CDP which shows a percent of people in poverty of 10.8% ( markedly bigger). Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Stansbury Park CDP has one of the largest proportions of people who are in poverty and employed at 9.2% of the total and is ranked #2. The only larger place being Grantsville with 9.2%. 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.) Stansbury Park CDP depicts it has a Public Assistance Percent of 1.9% which is the smallest as measured by households with public assistance of all the other places in the greater region. The place with the highest households with public assistance in the area is Magna CDP which depicts a households with public assistance of 10.7% ( very much bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Stansbury Park CDP shows it has a Gini Index of 23.8% which is the second smallest when sorted by the gini index of all the other places in the local area.

Stansbury Park CDP Utah Work Commute Charts

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Stansbury Park CDP has the percentage of people with commute time between 5 to 9 minutes less than most other places in the metro area at 10% of the total. Second, it has the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the metro area in order of people with commute time between 10 to 14 minutes at 8% of the total. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 9% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 8% of the total and is ranked #1.

The average commute time is shown in Figure 37. Stansbury Park CDP depicts it has a Avg Commute Time of 30 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Stansbury Park CDP shows average commute time in minutes for men 29.0% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Stansbury Park CDP has the percentage of no vehicle available less than most other places in the area at 5% of the total. Second, it has the largest proportion of 1 vehicle available at 48% of the total and is ranked #1. Third, it has less than most other places in the area in terms of 2 vehicles available at 29% of the total. Also, it has less than most other places in the metro area in order of 3 vehicles available at 7% of the total. In addition, it has in the mid point range of other places in the area in order of 4 vehicles available at 7% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Stansbury Park CDP depicts it has a Work in city or place where live of 11% which is in the mid range of other places in the metro area. The place with the highest people who both work and live in the same city in the area is Tooele which depicts a people who both work and live in the same city of 40% (approximately 3.8 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Stansbury Park CDP is approximately a quarter the size. Also, measured against the state of Utah, people who both work and live in the same city of 32%, Stansbury Park CDP is approximately a third the size.

Stansbury Park 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. Stansbury Park CDP depicts it has the hightest median earnings of $87,899 for the earnings-protective service occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Stansbury Park CDP depicts it has the hightest median earnings of $61,147 for the earnings-production, transportation, material moving occupations classification. The table in Figure 48, shows Stansbury Park CDP employment data in terms of job categories and salary data.

Stansbury Park 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. Stansbury Park CDP depicts it has the hightest entrepreneurs of 38% 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. Stansbury Park CDP shows it has the hightest entrepreneurs of 38% for the self employed in educational services, health care and social assistance classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Stansbury Park CDP shows it has a Self Employment Income of $19,109 which is the second smallest when ranked by average annual self employment income of all the other places in the greater region. The place with the highest average annual self employment income in the area is Grantsville which shows an average annual self employment income of $41,398 (about twice as large). Comparing average annual self employment income to the United States average of $39,154, Stansbury Park CDP is approximately half the size. Also, in comparison with the state of Utah, average annual self employment income of $33,077, Stansbury Park CDP is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Stansbury Park CDP depicts total number of self-employed men 73.2% larger as the total number of self-employed women.