Cavendish CDP Vermont Income Charts

This section shows the Cavendish 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, Cavendish CDP depicts it has a Median earnings of $36,806 which is in the mid point range of other places in the local area. The place with the highest median earnings per worker in the area is Chester CDP which depicts a median earnings of $53,702 (45.9% larger). Comparing median earnings per worker to the United States average of $50,459, Cavendish CDP is approximately three-fourths the size. Also, compared with the state of Vermont, median earnings per worker of $49,689, Cavendish CDP is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Cavendish CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 11.0% of the total and is ranked #2. The only larger place being Chester CDP with 12.3%. Second, it has the second smallest in terms of median earnings of less than $10,000 of all the other places in the area as measured by earnings between $10,000 and $14,999 at 1.7% of the total. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 15.3% 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 39.9 which is the third most average hours of all other places in the greater Cavendish CDP region. The place with the highest average hours in the area is Chester CDP which depicts an average hours of 42.4 (6.3% 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 $17.74 which is less than most other places in the local area. The place with the highest average hourly earnings in the area is Springfield CDP which shows an average hourly earnings of $24.52 (38.2% larger). Comparing average hourly earnings to the United States average of $25.01, Cavendish CDP is approximately three-fourths the size. Also, benchmarked against the state of Vermont, average hourly earnings of $25.21, Cavendish CDP is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Cavendish CDP metro area based on the number of people who reported any self employment income. Cavendish CDP depicts it has a Self Employed of 1.3% which is the smallest in order of percentage of people self employed of all the other places in the metropolitan area. The place with the highest percentage of people self employed in the area is North Springfield CDP which depicts a percentage self employed of 46.2% ( very much bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the local area at $27,955 of the total. Second, it has the largest proportion of median income-25 to 44 years at $141,250 of the total and is ranked #1.

Figure 9 breaks down the source of income and Cavendish CDP has the smallest proportion of investment and retirement income at 4.2% 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 16.0% which is the second smallest in order of households with retirement income of all the other places in the surrounding region. The place with the highest households with retirement income in the area is Perkinsville which depicts a households with retirement income of 54.0% (approximately 3.4 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 $148,750 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. Cavendish CDP depicts it has the hightest cost of 125.0 for the cost of miscellaneous items group.

Cavendish 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 COVID-19 Pandemic the monthly unemployment rate went from 6.4% to 2.2% in March 2020. This represents a decrease in the monthly unemployment rate of 65.6%. Since that time, the monthly unemployment rate has gone to 2.8% This represents an increase in the monthly unemployment rate of 27.3%. 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 January 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 749 to 693 in March 2020. This represents a decrease in the monthly labor force participation of 7.5%. Since that time, the monthly labor force participation has gone to 617 This represents a decrease in the monthly labor force participation of 11.0%.

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 Cavendish CDP shows it has a Unemployment Rate of 7.8% which is the highest of all places in the greater Cavendish CDP region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Cavendish CDP shows it has a Labor Force Participation of 76.0% which is ranked #1 of all places in the greater Cavendish CDP 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). Cavendish CDP has the largest proportion of employed at 7.8% of the total and is ranked #1. Second, it has the smallest proportion of unemployed at 24.0% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Cavendish CDP shows full time employees about twice as large 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 Cavendish CDP area. Cavendish CDP depicts it has a Single Earner Families of 45.5% which is the most of all places in the greater Cavendish CDP region. The percentage of families with no one working is depicted in Figure 22. Cavendish CDP depicts it has a Families with No One Working of 6.8% which is the second smallest when sorted by 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 Springfield CDP which depicts a families with no worker of 30.0% (approximately 4.4 times bigger).

Cavendish CDP Vermont Poverty Charts

The next section details economy analysis about poverty for residents of the Cavendish 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. Cavendish CDP depicts it has a Total In Poverty of 7 which is the second smallest when sorted by total people earning less than the poverty level of all the other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is Springfield CDP which depicts a total people earning less than the poverty level of 932 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Cavendish CDP depicts it has a Percent of Population In Poverty of 3.8% which is less than most other places in the surrounding region. 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% ( considerably bigger).

In Figure 25 people who are in poverty are broken out by age group. Cavendish CDP has the largest proportion of person in poverty 35 to 54 years 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. Cavendish CDP has the largest proportion of people who are in poverty and employed at 57.1% of the total and is ranked #1. Second, it has the largest proportion of people who are in poverty and unemployed at 42.9% 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.) Cavendish CDP depicts it has a Public Assistance Percent of 9.3% which is the second smallest in terms of 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 Proctorsville CDP which shows a households with public assistance of 38.0% (approximately 4.1 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Cavendish CDP shows it has a Gini Index of 55.0% which is the largest of all places in the greater Cavendish CDP region.

Cavendish 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 Cavendish 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.) Cavendish CDP has the largest proportion of people who take public transportation to work at 12% 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 Cavendish CDP or elsewhere.) Cavendish CDP has the largest proportion of people who drove alone at 85% of the total and is ranked #1. Second, it has the largest proportion of people who walked at 12% of the total and is ranked #1. Third, it has less than most other places in the local area when ranked by people who work from home at 3% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Cavendish CDP has the largest proportion of people who leave for work between 530 am to 6am at 21% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 7am to 730am at 6% of the total. Third, it has the largest proportion of people who leave for work between 830 am to 9am at 22% of the total and is ranked #1. Also, 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. Cavendish CDP has the percentage of people with commute time of less than 5 minutesutes in the mid range of other places in the area at 20% of the total. Second, it has less than most other places in the metropolitan area in terms of people with commute time between 5 to 9 minutes at 4% of the total. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 25% of the total and is ranked #1.

The average commute time is shown in Figure 37. Cavendish CDP shows it has a Avg Commute Time of 19 which is in the mid range of other places in the local area. Figure 38 shows the difference between male versus female commuting time. Cavendish CDP shows average commute time in minutes for men about 18.7% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Cavendish CDP has the percentage of no vehicle available in the mid range of other places in the local area at 10% of the total. Second, it has in the mid point range of other places in the greater region in order of 1 vehicle available at 46% of the total. Third, it has the largest proportion of 2 vehicles available at 44% 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.) Cavendish CDP shows it has a Work in city or place where live of 23% which is less than most other places in the metropolitan area. The place with the highest people who both work and live in the same city in the area is Ludlow 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%, Cavendish CDP is approximately half the size. Also, compared to the state of Vermont, people who both work and live in the same city of 38%, Cavendish CDP is approximately three-fourths the size.

Cavendish CDP Vermont Jobs Charts

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