Ascutney CDP Vermont Income Charts

This section shows the Ascutney CDP Vermont economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Ascutney CDP depicts it has a Median earnings of $53,565 which is the highest of all places in the greater Ascutney CDP region. Comparing median earnings per worker to the United States average of $50,459, Ascutney CDP is 6.2% larger. Also, in comparison with the state of Vermont, median earnings per worker of $49,689, Ascutney CDP is 7.8% 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 $53,056 which is in the mid range of other places in the local area. The place with the highest median household income in the area is Plainfield CDP which shows a median income of $87,895 (65.7% larger). Comparing median household income to the United States average of $64,994, Ascutney CDP is about 22.5% smaller. Also, in contrast to the state of Vermont, median household income of $63,477, Ascutney CDP is about 19.6% smaller.

The next section examines a variety of different income statistics for the Ascutney CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $15,000 and $19,999 at 25.4% 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 33.1 which is the second smallest when ranked by average hours of all the other places in the greater region. The place with the highest average hours in the area is Plainfield CDP which shows an average hours of 40.1 (21.1% larger). 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 $31.12 which is more than all other places in the greater Ascutney CDP region. Comparing average hourly earnings to the United States average of $25.01, Ascutney CDP is 24.4% larger. Also, benchmarked against the state of Vermont, average hourly earnings of $25.21, Ascutney CDP is 23.4% larger.

Figure 7 examines the number of self employed people in the Ascutney CDP metro area based on the number of people who reported any self employment income. Ascutney CDP depicts it has a Self Employed of 31.7% which is the second most people self employed of all the places in the greater Ascutney CDP region. The place with the highest percentage of people self employed in the area is North Springfield CDP which shows a percentage self employed of 46.2% (45.7% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-25 to 44 years at $63,235 of the total and is ranked #3. Only #2 Perkinsville ($75,833), and #1 Plainfield CDP ($78,333) are larger.

Figure 9 breaks down the source of income and Ascutney CDP has the largest proportion of income from wages at 13.9% of the total and is ranked #1. Second, it has the largest proportion of investment and retirement income at 23.6% of the total and is ranked #1. Third, it has the largest proportion of social security at 3.0% of the total and is ranked #1.

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 38.4% which is the third most of all other places in the local area. The place with the highest households with retirement income in the area is Perkinsville which shows a households with retirement income of 54.0% (40.6% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $44,830 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. Ascutney CDP shows it has the hightest cost of 125.0 for the cost of miscellaneous items aggregate.

Ascutney CDP Vermont 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 January 2010 to before the Wuhan virus Pandemic the monthly unemployment rate went from 7.3% to 3.0% in March 2020. This represents a decrease in the monthly unemployment rate of 58.9%. Since that time, the monthly unemployment rate has gone to 2.0% This represents a decrease in the monthly unemployment rate of 33.3%. 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 shows that from January 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 6,961 to 6,448 in March 2020. This represents a decrease in the monthly labor force participation of 7.4%. Since that time, the monthly labor force participation has gone to 6,344 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 Ascutney CDP shows it has a Unemployment Rate of 4.7% which is the highest of all places in the greater Ascutney CDP region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Ascutney CDP shows it has a Labor Force Participation of 45.0% which is the smallest as measured 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). Ascutney CDP has the largest proportion of employed at 4.7% of the total and is ranked #1. Second, it has the largest proportion of unemployed at 55.0% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Ascutney CDP depicts full time employees 62.3% larger as the part time employees.

The percentage of families with no one working is depicted in Figure 22. Ascutney CDP shows it has a Families with No One Working of 63.0% which is the most of all places in the metro area.

Ascutney CDP Vermont Poverty Charts

The next section details economy analysis about poverty for residents of the Ascutney 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. Ascutney CDP shows it has a Total In Poverty of 55 which is less than most other places in the area. The place with the highest total people earning less than the poverty level in the area is Claremont which depicts a total people earning less than the poverty level of 2,068 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Ascutney CDP shows it has a Percent of Population In Poverty of 15.6% which is in the middle 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 North Springfield CDP which shows a percent of people in poverty of 25.7% (65.2% larger).

In Figure 25 people who are in poverty are broken out by age group. Ascutney CDP has one of the largest proportions of person in poverty under 12 years at 16% of the total and is ranked #2. The only larger place being North Springfield CDP with 41%. Second, it has the largest proportion of person in poverty 12 to 17 years at 53% of the total and is ranked #1. Third, it has less than most other places in the surrounding region when sorted by person in poverty 18 to 34 years at 16% of the total. Also, it has the largest proportion of person in poverty 55 to 64 years at 15% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Ascutney CDP has the largest proportion of unmarried with children and in poverty at 100% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Ascutney CDP has one of the largest proportions of highschool graduate and in poverty at 43% of the total and is ranked #2. The only larger place being North Springfield CDP with 44%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Ascutney CDP has the largest proportion of people who are in poverty and unemployed at 52.7% 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.) Ascutney CDP depicts it has a Public Assistance Percent of 36.6% which is at the top of all other places in the greater Ascutney CDP region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Ascutney CDP depicts it has a Gini Index of 35.1% which is in the middle range of other places in the local area.

Ascutney CDP Vermont Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Ascutney CDP or elsewhere.) Ascutney CDP has the largest proportion of people who carpooled at 20% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Ascutney CDP has the largest proportion of people who leave for work between 5am to 530am at 31% 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. Ascutney CDP has the percentage of people with commute time between 5 to 9 minutes in the mid range of other places in the greater region at 9% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 34% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 28% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 45 to 59 minutes at 22% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 60 to 89 minutes at 7% of the total and is ranked #1.

The average commute time is shown in Figure 37. Ascutney CDP depicts it has a Avg Commute Time of 33 which is the second most average commute time of all the places in the greater Ascutney CDP region. Figure 38 shows the difference between male versus female commuting time. Ascutney CDP shows average commute time in minutes for men approximately 4.2 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Ascutney CDP has the smallest proportion of no vehicle available at 7% of the total. Second, it has one of the largest proportions of 1 vehicle available at 70% of the total and is ranked #2. The only larger place being North Springfield CDP with 83%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Ascutney CDP shows it has a Work in city or place where live of 22% which is less than most 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 Claremont which depicts a people who both work and live in the same city of 47% (about twice as large). Comparing people who both work and live in the same city to the United States average of 43%, Ascutney CDP is approximately half the size. Also, compared with the state of Vermont, people who both work and live in the same city of 38%, Ascutney CDP is approximately half the size.

Ascutney CDP Vermont Jobs Charts

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

Ascutney CDP Vermont 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. Ascutney CDP shows it has the hightest entrepreneurs of 100% 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. Ascutney CDP depicts it has the hightest entrepreneurs of 100% for the self employed in construction category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Ascutney CDP depicts it has a Self Employment Income of $23,829 which is in the mid point range of other places in the area. The place with the highest average annual self employment income in the area is Perkinsville which shows an average annual self employment income of $42,670 (79.1% larger). Comparing average annual self employment income to the United States average of $40,101, Ascutney CDP is approximately three-fourths the size. Also, benchmarked against the state of Vermont, average annual self employment income of $32,178, Ascutney CDP is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Ascutney CDP depicts total number of self-employed men about 12.5% smaller as the total number of self-employed women.