Graniteville CDP Vermont Income Charts

This section shows the Graniteville CDP Vermont economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Graniteville CDP shows it has a Median earnings of $31,607 which is the smallest when ranked by median earnings per worker of all the other places in the metro area. The place with the highest median earnings per worker in the area is South Barre CDP which shows a median earnings of $49,557 (56.8% larger). Comparing median earnings per worker to the United States average of $53,269, Graniteville CDP is approximately three-fourths the size. Also, benchmarked against the state of Vermont, median earnings per worker of $52,269, Graniteville 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 $32,525 which is the smallest as measured by median household income of all the other places in the local area. The place with the highest median household income in the area is East Barre CDP which shows a median income of $72,188 (approximately 2.2 times bigger). Comparing median household income to the United States average of $69,021, Graniteville CDP is approximately half the size. Also, compared with the state of Vermont, median household income of $67,674, Graniteville CDP is approximately half the size.

The next section examines a variety of different income statistics for the Graniteville CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 9.8% of the total and is ranked #1. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 66.2% of the total and is ranked #1. Third, it has the smallest proportion of earnings between $20,000 and $49,999 at 10.1% 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 38.7 which is the third most average hours of all other places in the greater Graniteville CDP region. The place with the highest average hours in the area is South Barre CDP which shows an average hours of 45.5 (17.6% 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 $15.71 which is the smallest in order of average hourly earnings of all the other places in the surrounding region. The place with the highest average hourly earnings in the area is Northfield which shows an average hourly earnings of $26.43 (68.3% larger). Comparing average hourly earnings to the United States average of $26.40, Graniteville CDP is approximately three-fourths the size. Also, measured against the state of Vermont, average hourly earnings of $26.66, Graniteville CDP is approximately half the size.

Figure 7 examines the number of self employed people in the Graniteville CDP metro area based on the number of people who reported any self employment income. Graniteville CDP shows it has a Self Employed of 0.3% which is the second smallest when ranked by percentage of people self employed of all the other places in the local area. The place with the highest percentage of people self employed in the area is East Barre CDP which depicts a percentage self employed of 15.8% ( considerably bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest when sorted by median income for those under 25 years of age of all the other places in the area at $31,752 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $81,302 of the total and is ranked #2. The only larger place being East Barre CDP with $107,273.

Figure 9 breaks down the source of income and Graniteville CDP has the largest proportion of self employment income at 38.6% of the total and is ranked #1. Second, it has the smallest proportion of investment and retirement income at 3.8% 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 7.0% which is the smallest when ranked by 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 Websterville CDP which shows a households with retirement income of 37.9% ( markedly 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 when sorted by overall family income of all the other places in the local area at $58,594 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. Graniteville CDP depicts it has the hightest cost of 119.4 for the cost of utilities aggregate.

Graniteville CDP Vermont Labor Force Charts

The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the COVID-19 Pandemic it went from 4.2% to 2.0% in December 2019. This represents a decrease in the monthly unemployment rate of 52.4%. Since that time, the monthly unemployment rate has gone to 2.0%. This represents an increase in the monthly unemployment rate of very little. 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. The monthly labor force participation indicates that from January 2017 to before the Coronavirus Pandemic it went from 4,976 to 4,974 in November 2019. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 4,974. This represents an increase 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 Graniteville CDP indicates it has a Unemployment Rate of 10.4% which is more than all other places in the greater Graniteville CDP region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Graniteville CDP shows it has a Labor Force Participation of 73.7% which is the third most participation rates of all other places in the greater Graniteville 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). Graniteville CDP has the largest proportion of employed at 10.4% 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. Graniteville CDP depicts full time employees approximately 4.1 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 Graniteville CDP area. Graniteville CDP depicts it has a Single Earner Families of 50.7% which is more than all other places in the greater region. The percentage of families with no one working is depicted in Figure 22. Graniteville CDP depicts it has a Families with No One Working of 20.3% which is at the top of all other places in the greater Graniteville CDP region.

Graniteville CDP Vermont Poverty Charts

The next section details economy analysis about poverty for residents of the Graniteville 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. Graniteville CDP depicts it has a Total In Poverty of 61 which is in the mid range of other places in the local area. The place with the highest total people earning less than the poverty level in the area is Barre which depicts a total people earning less than the poverty level of 1,970 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Graniteville CDP depicts it has a Percent of Population In Poverty of 9.7% which is the third most percent of people earning less than the poverty level of all other places in the greater Graniteville CDP region. The place with the highest percent of people earning less than the poverty level in the area is Barre which depicts a percent of people in poverty of 23.7% (approximately 2.5 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Graniteville CDP has the largest proportion of person in poverty 12 to 17 years at 59% of the total and is ranked #1. Second, it has one of the largest proportions of person in poverty 35 to 54 years at 18% of the total and is ranked #3. Only #2 Barre (18%), and #1 Williamstown CDP (20%) are larger. Third, it has the largest proportion of person in poverty 55 to 64 years at 23% 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.) Graniteville CDP depicts it has a Public Assistance Percent of 18.4% which is the second most of all the places in the metro area. The place with the highest households with public assistance in the area is Barre which shows a households with public assistance of 30.0% (63.0% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Graniteville CDP depicts it has a Gini Index of 51.9% which is is the uppermost of the places in the area.

Graniteville CDP Vermont Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Graniteville CDP or elsewhere.) Graniteville CDP has the largest proportion of people who drove alone at 98% of the total and is ranked #1. Second, it has less than most other places in the local area when ranked by people who carpooled at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Graniteville CDP has the percentage of people who leave for work between 530 am to 6am the second smallest when sorted by people who leave for work between 12am to 5am of all the other places in the metro area at 0% of the total. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 39% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 10am to 11am at 11% 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. Graniteville CDP has the percentage of people with commute time of less than 5 minutesutes less than most other places in the area at 15% of the total. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 39% of the total and is ranked #1. Third, 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 as measured by people with commute time between 10 to 14 minutes at 8% of the total.

The average commute time is shown in Figure 37. Graniteville CDP depicts it has a Avg Commute Time of 18 which is less than most other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Graniteville CDP depicts average commute time in minutes for men approximately 2.7 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Graniteville CDP has the largest proportion of no vehicle available at 70% of the total and is ranked #1. Second, it has the smallest proportion of 1 vehicle available at 14% of the total. Third, it has the smallest proportion of 2 vehicles available at 7% of the total. Also, it has one of the largest proportions of 3 vehicles available at 9% of the total and is ranked #2. The only larger place being South Barre CDP with 13%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Graniteville CDP depicts it has a Work in city or place where live of 6% which is less than most other places in the area. The place with the highest people who both work and live in the same city in the area is Northfield which depicts a people who both work and live in the same city of 44% ( appreciably bigger). Comparing people who both work and live in the same city to the United States average of 44%, Graniteville CDP is approximately an eigth the size. Also, versus the state of Vermont, people who both work and live in the same city of 41%, Graniteville CDP is approximately a sixth the size.

Graniteville 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. Graniteville CDP depicts it has the hightest median earnings of $31,297 for the earnings-production, transportation, material moving occupations aggregate. The table in Figure 48, shows Graniteville CDP employment data in terms of job categories and salary data.