Beecher Falls CDP Vermont Income Charts

This section shows the Beecher Falls 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, Beecher Falls CDP depicts it has a Median earnings of $37,500 which is in the mid range of other places in the metro area. The place with the highest median earnings per worker in the area is Derby Line which indicates a median earnings of $47,917 (27.8% larger). Comparing median earnings per worker to the United States average of $50,459, Beecher Falls CDP is approximately three-fourths the size. Also, benchmarked against the state of Vermont, median earnings per worker of $49,689, Beecher Falls CDP is approximately three-fourths the size.

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 $38,333 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 Derby Line which depicts a median income of $56,563 (47.6% larger). Comparing median household income to the United States average of $64,994, Beecher Falls CDP is approximately half the size. Also, in contrast to the state of Vermont, median household income of $63,477, Beecher Falls CDP is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Beecher Falls CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings between $10,000 and $14,999 at 10.5% of the total and is ranked #3. Only #2 Island Pond CDP (13.8%), and #1 Canaan CDP (17.1%) are larger. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 66.3% of the total and is ranked #1. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 12.8% 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 46.8 which is the largest of all places in the metro 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 $15.41 which is the second smallest in order of average hourly earnings of all the other places in the greater region. The place with the highest average hourly earnings in the area is Derby Line which depicts an average hourly earnings of $23.27 (51.0% larger). Comparing average hourly earnings to the United States average of $25.01, Beecher Falls CDP is approximately three-fourths the size. Also, measured against the state of Vermont, average hourly earnings of $25.21, Beecher Falls CDP is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Beecher Falls CDP metro area based on the number of people who reported any self employment income. Beecher Falls CDP shows it has a Self Employed of 10.5% which is in the mid range of other places in the surrounding region. The place with the highest percentage of people self employed in the area is Canaan CDP which depicts a percentage self employed of 15.5% (48.4% 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 27.9% which is the third most households with retirement income of all other places in the greater Beecher Falls CDP region. The place with the highest households with retirement income in the area is Canaan CDP which depicts a households with retirement income of 31.7% (13.5% 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 $65,313 of the total and is ranked #2. The only larger place being Derby Line with $72,500.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Beecher Falls CDP shows it has the hightest cost of 119.4 for the cost of utilities category.

Beecher Falls 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 disasterous Coronavirus Pandemic the monthly unemployment rate went from 13.3% to 1.8% in March 2020. This represents a decrease in the monthly unemployment rate of 86.5%. Since that time, the monthly unemployment rate has gone to 1.6% This represents a decrease in the monthly unemployment rate of 11.1%. 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 January 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 588 to 379 in March 2020. This represents a decrease in the monthly labor force participation of 35.5%. Since that time, the monthly labor force participation has gone to 373 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 Beecher Falls CDP shows it has a Unemployment Rate of 3.8% which is the third most unemployment rate of all other places in the greater Beecher Falls CDP region. The place with the highest unemployment rate in the area is Canaan CDP which depicts a rate of 6.3% (67.3% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Beecher Falls CDP shows it has a Labor Force Participation of 56.0% which is in the center range of other places in the surrounding region.

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 Beecher Falls CDP area. Beecher Falls CDP shows it has a Single Earner Families of 46.7% which is the second most families with a single earner of all the places in the greater Beecher Falls CDP region. The place with the highest families with a single earner in the area is West Stewartstown CDP which depicts a single earners rate of 50.0% (7.1% larger). The percentage of families with no one working is depicted in Figure 22. Beecher Falls CDP shows it has a Families with No One Working of 26.7% which is the third most families with no one working of all other places in the greater Beecher Falls CDP region. The place with the highest families with no one working in the area is Colebrook CDP which shows a families with no worker of 39.8% (49.3% larger).

Beecher Falls CDP Vermont Poverty Charts

The next section details economy analysis about poverty for residents of the Beecher Falls 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. Beecher Falls CDP shows it has a Total In Poverty of 33 which is the smallest when ranked by total people earning less than the poverty level of all the other places in the metropolitan area. The place with the highest total people earning less than the poverty level in the area is Derby Line which shows a total people earning less than the poverty level of 138 (approximately 4.2 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Beecher Falls CDP depicts it has a Percent of Population In Poverty of 19.0% which is the third most of all other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is West Stewartstown CDP which depicts a percent of people in poverty of 22.1% (16.6% larger).

In Figure 25 people who are in poverty are broken out by age group. Beecher Falls CDP has the smallest proportion of person in poverty 12 to 17 years at 18% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 33% of the total and is ranked #1. Third, it has the largest proportion of person in poverty 55 to 64 years at 27% 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. Beecher Falls CDP has the percentage of less than highschool in poverty the second smallest as measured by less than highschool in poverty of all the other places in the surrounding region at 4% of the total. Second, it has the largest proportion of has some college and in poverty at 100% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Beecher Falls CDP has the largest proportion of people who are in poverty and employed at 18.2% of the total and is ranked #1. Second, it has the largest proportion of people who are in poverty and unemployed at 33.3% 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.) Beecher Falls CDP depicts it has a Public Assistance Percent of 7.0% 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 Derby Line which indicates a households with public assistance of 28.1% (approximately 4.0 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Beecher Falls CDP depicts it has a Gini Index of 42.0% which is the second most the gini index of all the places in the greater Beecher Falls CDP region.

Beecher Falls CDP Vermont 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 Beecher Falls 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.) Beecher Falls CDP has the largest proportion of people who take public transportation to work at 17% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Beecher Falls CDP or elsewhere.) Beecher Falls CDP has the largest proportion of people who walked at 17% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Beecher Falls 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 Groveton CDP with 19%. Second, it has the smallest proportion of people who leave for work between 530 am to 6am at 4% of the total. Third, it has the largest proportion of people who leave for work between 8am to 830am at 11% of the total and is ranked #1. Also, it has one of the largest proportions of people who leave for work between 12noon to 4pm at 16% of the total and is ranked #2. The only larger place being Derby Line with 18%.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Beecher Falls CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 17% of the total and is ranked #3. Only #2 West Stewartstown CDP (27%), and #1 Colebrook CDP (29%) are larger. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 30% of the total and is ranked #2. The only larger place being West Stewartstown CDP with 58%. Third, it has the largest proportion of people with commute time between 30 to 34 minutes at 11% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 60 to 89 minutes at 20% of the total and is ranked #1.

The average commute time is shown in Figure 37. Beecher Falls CDP shows it has a Avg Commute Time of 53 which is more than all other places in the greater Beecher Falls CDP region. Figure 38 shows the difference between male versus female commuting time. Beecher Falls CDP depicts average commute time in minutes for men 74.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Beecher Falls CDP has the percentage of no vehicle available the second smallest in order of no vehicle available of all the other places in the local area at 7% of the total. Second, it has one of the largest proportions of 1 vehicle available at 63% of the total and is ranked #3. Only #2 Canaan CDP (72%), and #1 West Stewartstown CDP (84%) are larger. Third, it has one of the largest proportions of 2 vehicles available at 30% of the total and is ranked #2. The only larger place being Island Pond CDP with 36%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Beecher Falls CDP depicts it has a Work in city or place where live of 17% which is less than most 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 Colebrook CDP which depicts a people who both work and live in the same city of 58% (approximately 3.4 times bigger). Comparing people who both work and live in the same city to the United States average of 43%, Beecher Falls CDP is approximately half the size. Also, in contrast to the state of Vermont, people who both work and live in the same city of 38%, Beecher Falls CDP is approximately half the size.

Beecher Falls CDP Vermont 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. Beecher Falls CDP depicts it has the hightest median earnings of $41,429 for the earnings-natural resources, construction, maintenance occupations category. The table in Figure 48, shows Beecher Falls CDP employment data in terms of job categories and salary data.