Summit CDP Utah Income Charts

This section shows the Summit 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, Summit CDP shows it has a Median earnings of $43,472 which is the third most median earnings of all other places in the greater Summit CDP region. The place with the highest median earnings per worker in the area is Kanarraville which depicts a median earnings of $50,625 (16.5% larger). Comparing median earnings per worker to the United States average of $49,041, Summit CDP is about 12.8% smaller. Also, measured against the state of Utah, median earnings per worker of $48,166, Summit CDP is about 10.8% 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 $35,179 which is the second smallest when sorted by median household income of all the other places in the greater region. The place with the highest median household income in the area is Enoch which depicts a median income of $61,857 (75.8% larger). Comparing median household income to the United States average of $62,843, Summit CDP is approximately half the size. Also, measured against the state of Utah, median household income of $71,621, Summit CDP is approximately half the size.

The next section examines a variety of different income statistics for the Summit CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest as measured by median earnings of less than $10,000 of all the other places in the greater region at 7.2% of the total. Second, it has the largest proportion of earnings between $75,000 and $99,999 at 8.1% 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 a Avg Hours Worked of 42.1 which is the highest of all places in the local area. 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 $19.86 which is the second smallest when ranked by average hourly earnings of all the other places in the surrounding region. The place with the highest average hourly earnings in the area is Paragonah which depicts an average hourly earnings of $24.73 (24.5% larger). Comparing average hourly earnings to the United States average of $24.31, Summit CDP is about 22.4% smaller. Also, compared to the state of Utah, average hourly earnings of $24.90, Summit CDP is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Summit CDP metro area based on the number of people who reported any self employment income. Summit CDP depicts it has a Self Employed of 22.0% which is the second most people self employed of all the places in the greater Summit CDP region. The place with the highest percentage of people self employed in the area is Brian Head which shows a percentage self employed of 23.5% (7.1% larger).

Turning our attention to Figure 8, the median household income by age group, has the smallest proportion of median income-25 to 44 years at $44,531 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 With Retirement Income of 14.3% which is the second smallest in order of households with retirement income of all the other places in the local area. The place with the highest households with retirement income in the area is Brian Head which depicts a households with retirement income of 35.3% (approximately 2.5 times bigger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income the second smallest in order of overall family income of all the other places in the metropolitan area at $44,531 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Summit CDP depicts it has the hightest cost of 102.5 for the cost of grocery items classification.

Summit 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 indicates that from February 2010 to before the Wuhan virus Pandemic the monthly unemployment rate went from 9.7% to 3.0% in February 2020. This represents a decrease in the monthly unemployment rate of 69.1%. Since that time, the monthly unemployment rate has gone to 2.8% This represents a decrease in the monthly unemployment rate of 6.7%. 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. . It shows that from February 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 13,138 to 16,470 in February 2020. This represents an increase in the monthly labor force participation of 25.4%. Since that time, the monthly labor force participation has gone to 16,652 This represents an increase in the monthly labor force participation of very little. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Summit CDP shows it has a Labor Force Participation of 58.7% 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. Summit CDP depicts full time employees approximately 4.5 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 Summit CDP area. Summit CDP indicates it has a Single Earner Families of 21.1% which is the second smallest when ranked by families with a single earner of all the other places in the surrounding region. The place with the highest families with a single earner in the area is Cedar City which depicts a single earners rate of 29.9% (41.9% larger). The percentage of families with no one working is depicted in Figure 22. Summit CDP depicts it has a Families with No One Working of 35.1% which is the largest of all places in the greater Summit CDP region.

Summit CDP Utah Poverty Charts

The next section details economy analysis about poverty for residents of the Summit 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. Summit CDP shows it has a Total In Poverty of 12 which is the smallest in terms 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 Cedar City which shows a total people earning less than the poverty level of 6,431 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Summit CDP shows it has a Percent of Population In Poverty of 5.3% which is the second smallest as measured 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 Brian Head which shows a percent of people in poverty of 42.0% ( substantially bigger).

In Figure 25 people who are in poverty are broken out by age group. Summit CDP has the largest proportion of person in poverty 12 to 17 years at 100% 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.) Summit CDP depicts it has a Public Assistance Percent of 13.2% which is the second most of all the places in the local area. The place with the highest households with public assistance in the area is Brian Head which depicts a households with public assistance of 35.3% (approximately 2.7 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Summit CDP shows it has a Gini Index of 42.7% which is the second most the gini index of all the places in the greater Summit CDP region.

Summit CDP Utah Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Summit CDP or elsewhere.) Summit CDP has the smallest proportion of people who drove alone at 63% of the total. Second, it has the largest proportion of people who carpooled at 19% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Summit CDP has one of the largest proportions of people who leave for work between 5am to 530am at 17% of the total and is ranked #2. The only larger place being Brian Head with 20%. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 21% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 11am to 12noon at 20% 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. Summit CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 16% of the total and is ranked #3. Only #2 Cedar City (35%), and #1 Brian Head (47%) are larger. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 26% of the total and is ranked #2. The only larger place being Brian Head with 47%. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 40% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 40 to 44 minutes at 9% of the total and is ranked #1.

The average commute time is shown in Figure 37. Summit CDP shows it has a Avg Commute Time of 17 which is less than most other places in the surrounding region. Figure 38 shows the difference between male versus female commuting time. Summit CDP depicts average commute time in minutes for men approximately 3.0 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Summit CDP has one of the largest proportions of no vehicle available at 20% of the total and is ranked #2. The only larger place being Brian Head with 60%. Second, it has one of the largest proportions of 2 vehicles available at 31% of the total and is ranked #2. The only larger place being Enoch with 36%. Third, it has the largest proportion of 3 vehicles available at 50% 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.) Summit CDP depicts it has a Work in city or place where live of 40% which is in the intermediate 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 Brian Head which depicts a people who both work and live in the same city of 85% (about twice as large). Comparing people who both work and live in the same city to the United States average of 42%, Summit CDP is about 5.5% smaller. Also, benchmarked against the state of Utah, people who both work and live in the same city of 32%, Summit CDP is 24.8% larger.

Summit CDP Utah Jobs Charts

The table in Figure 48, shows Summit CDP employment data in terms of job categories and salary data.

Summit 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. Summit CDP depicts it has the hightest entrepreneurs of 100% for the self employed management, business, science, and arts businesses aggregate.

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. Summit CDP shows it has the hightest entrepreneurs of 64% for the self employed in agriculture, forestry, fishing and hunting, and mining grouping.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Summit CDP shows total number of self-employed men about twice as large as the total number of self-employed women.