Lowell CDP Vermont Income Charts

This section shows the Lowell 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, Lowell CDP depicts it has a Median earnings of $52,857 which is the largest of all places in the local area. Comparing median earnings per worker to the United States average of $50,459, Lowell CDP is only about 4.8% larger. Also, versus the state of Vermont, median earnings per worker of $49,689, Lowell CDP is 6.4% 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 $56,250 which is the third most median income of all other places in the greater Lowell CDP region. The place with the highest median household income in the area is Troy CDP which depicts a median income of $77,813 (38.3% larger). Comparing median household income to the United States average of $64,994, Lowell CDP is about 15.5% smaller. Also, in comparison with the state of Vermont, median household income of $63,477, Lowell CDP is about 12.8% smaller.

The next section examines a variety of different income statistics for the Lowell CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 11.4% of the total and is ranked #1. Second, it has the smallest proportion of earnings between $20,000 and $49,999 at 16.5% of the total. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 10.1% 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 36.1 which is less than most other places in the metropolitan area. The place with the highest average hours in the area is Glover CDP which depicts an average hours of 41.5 (15.0% 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 $28.16 which is the largest of all places in the greater Lowell CDP region. Comparing average hourly earnings to the United States average of $25.01, Lowell CDP is 12.6% larger. Also, in comparison with the state of Vermont, average hourly earnings of $25.21, Lowell CDP is 11.7% larger.

Figure 7 examines the number of self employed people in the Lowell CDP metro area based on the number of people who reported any self employment income. Lowell CDP depicts it has a Self Employed of 17.5% which is in the mid range of other places in the greater region. The place with the highest percentage of people self employed in the area is Troy CDP which shows a percentage self employed of 29.7% (70.3% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $63,333 of the total and is ranked #2. The only larger place being Albany with $63,500. Second, it has the largest proportion of median income-45 to 64 years at $114,375 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 6.3% which is the second smallest when ranked by households with retirement income of all the other places in the greater region. The place with the highest households with retirement income in the area is Orleans which shows a households with retirement income of 20.6% (approximately 3.2 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 in the mid range of other places in the metro area at $63,056 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. Lowell CDP shows it has the hightest cost of 119.4 for the cost of utilities aggregate.

Lowell 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 February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 12.5% to 7.4% in February 2020. This represents a decrease in the monthly unemployment rate of 40.8%. Since that time, the monthly unemployment rate has gone to 2.5% This represents a decrease in the monthly unemployment rate of 66.2%. 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 disasterous COVID-19 Pandemic the monthly labor force participation went from 506 to 436 in March 2020. This represents a decrease in the monthly labor force participation of 13.8%. Since that time, the monthly labor force participation has gone to 398 This represents a decrease in the monthly labor force participation of 8.7%.

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 Lowell CDP depicts it has a Unemployment Rate of 3.8% which is the third most unemployment rate of all other places in the greater Lowell CDP region. The place with the highest unemployment rate in the area is Newport Center CDP which depicts a rate of 8.2% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lowell CDP depicts it has a Labor Force Participation of 68.9% which is the second most participation rates of all the places in the greater Lowell CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lowell CDP shows full time employees approximately 4.2 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 Lowell CDP area. Lowell CDP depicts it has a Single Earner Families of 25.9% which is in the center range of other places in the metro area. The place with the highest families with a single earner in the area is Albany which shows a single earners rate of 45.7% (76.1% larger). The percentage of families with no one working is depicted in Figure 22. Lowell CDP depicts it has a Families with No One Working of 7.4% which is less than most other places in the metro area. The place with the highest families with no one working in the area is Orleans which shows a families with no worker of 23.1% (approximately 3.1 times bigger).

Lowell CDP Vermont Poverty Charts

The next section details economy analysis about poverty for residents of the Lowell 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. Lowell CDP depicts it has a Total In Poverty of 14 which is less than most other places in the metro area. The place with the highest total people earning less than the poverty level in the area is Orleans which shows a total people earning less than the poverty level of 150 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lowell CDP depicts it has a Percent of Population In Poverty of 10.5% which is less than most other places in the area. The place with the highest percent of people earning less than the poverty level in the area is Irasburg CDP which depicts a percent of people in poverty of 50.9% (approximately 4.8 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Lowell CDP has the percentage of person in poverty 18 to 34 years in the mid range of other places in the greater region at 21% of the total. Second, it has one of the largest proportions of person in poverty 35 to 54 years at 64% of the total and is ranked #2. The only larger place being Albany with 100%. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 14% of the total and is ranked #3. Only #2 Glover CDP (17%), and #1 Troy CDP (100%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Lowell CDP has the percentage of highschool graduate and in poverty in the mid point range of other places in the metro area at 6% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Lowell CDP has the largest proportion of people who are in poverty and employed at 21.4% of the total and is ranked #1. Second, it has the largest proportion of people who are in poverty and unemployed at 64.3% 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.) Lowell CDP depicts it has a Public Assistance Percent of 6.3% which is the smallest in order of households with public assistance of all the other places in the surrounding region. The place with the highest households with public assistance in the area is Irasburg CDP which shows a households with public assistance of 49.0% ( considerably bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lowell CDP depicts it has a Gini Index of 36.1% which is in the mid range of other places in the local area.

Lowell CDP Vermont Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Lowell CDP or elsewhere.) Lowell CDP has the largest proportion of people who drove alone at 96% of the total and is ranked #1. Second, it has the smallest proportion of people who carpooled at 4% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lowell CDP has the largest proportion of people who leave for work between 630 am to 7am at 39% 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. Lowell CDP has one of the largest proportions of people with commute time between 25 to 29 minutes at 45% of the total and is ranked #3. Only #2 Glover CDP (49%), and #1 Albany (53%) are larger. Second, it has the largest proportion of people with commute time between 30 to 34 minutes at 17% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 60 to 89 minutes at 14% of the total and is ranked #1.

The average commute time is shown in Figure 37. Lowell CDP depicts it has a Avg Commute Time of 39 which is the highest of all places in the area. Figure 38 shows the difference between male versus female commuting time. Lowell CDP depicts average commute time in minutes for men 55.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lowell CDP has the percentage of no vehicle available in the center range of other places in the metro area at 19% of the total. Second, it has less than most other places in the local area when ranked by 1 vehicle available at 39% of the total. Third, it has one of the largest proportions of 2 vehicles available at 29% of the total and is ranked #2. The only larger place being Troy CDP with 34%. Also, it has the largest proportion of 3 vehicles available at 13% 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.) Lowell CDP shows it has a Work in city or place where live of 3% which is the smallest as measured by people who both work and live in the same city of all the 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 Newport Center CDP which depicts a people who both work and live in the same city of 38% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 43%, Lowell CDP is approximately a twelfth the size. Also, compared to the state of Vermont, people who both work and live in the same city of 38%, Lowell CDP is approximately a twelfth the size.

Lowell CDP Vermont Jobs Charts

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

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

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. Lowell CDP depicts it has the hightest entrepreneurs of 100% for the self employed in professional, scientific, management, administrative services classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lowell CDP shows it has a Self Employment Income of $5,245 which is in the middle range of other places in the local area. The place with the highest average annual self employment income in the area is Glover CDP which shows an average annual self employment income of $15,695 (approximately 3.0 times bigger). Comparing average annual self employment income to the United States average of $40,101, Lowell CDP is approximately an eigth the size. Also, compared to the state of Vermont, average annual self employment income of $32,178, Lowell CDP is approximately a sixth the size.