Mount Tabor Vermont Income Charts

This section shows the Mount Tabor Vermont economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Mount Tabor depicts it has a Median earnings of $53,182 which is the third most of all other places in the metropolitan area. The city with the highest median earnings per worker in the area is Dorset CDP which shows a median earnings of $123,750 (approximately 2.3 times bigger). Comparing median earnings per worker to the United States average of $50,459, Mount Tabor is only about 5.4% larger. Also, benchmarked against the state of Vermont, median earnings per worker of $49,689, Mount Tabor is 7.0% larger.

The next section examines a variety of different income statistics for the Mount Tabor metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $15,000 and $19,999 at 18.1% of the total. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 46.7% of the total and is ranked #1. Third, it has less than most other places in the area as measured by earnings between $75,000 and $99,999 at 5.7% 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 43.6 which is the largest of all places in the greater Mount Tabor region. 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 $23.46 which is in the mid point range of other places in the greater region. The city with the highest average hourly earnings in the area is Dorset CDP which shows an average hourly earnings of $63.97 (approximately 2.7 times bigger). Comparing average hourly earnings to the United States average of $25.01, Mount Tabor is about 6.6% smaller. Also, compared with the state of Vermont, average hourly earnings of $25.21, Mount Tabor is about 7.5% smaller.

Figure 7 examines the number of self employed people in the Mount Tabor metro area based on the number of people who reported any self employment income. Mount Tabor depicts it has a Self Employed of 8.8% which is in the mid range of other places in the local area. The city with the highest percentage of people self employed in the area is Wallingford CDP which shows a percentage self employed of 19.0% (about twice as large).

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 $125,000 of the total and is ranked #2. The only larger city being Dorset CDP with $168,050. Second, it has one of the largest proportions of median income-25 to 44 years at $78,750 of the total and is ranked #2. The only larger city being Wallingford CDP with $83,304. Third, it has the smallest proportion of median income-45 to 64 years at $21,468 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 16.3% which is less than most other places in the area. The city with the highest households with retirement income in the area is Dorset CDP which depicts a households with retirement income of 40.1% (approximately 2.5 times bigger).

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 $99,375 of the total and is ranked #3. Only #2 Manchester Center CDP ($119,850), and #1 Dorset CDP ($126,705) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Mount Tabor depicts it has the hightest cost of 161.9 for the cost of utilities aggregate.

Mount Tabor 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 Coronavirus Pandemic the monthly unemployment rate went from 7.1% to 2.6% in March 2020. This represents a decrease in the monthly unemployment rate of 63.4%. Since that time, the monthly unemployment rate has gone to 1.0% This represents a decrease in the monthly unemployment rate of 61.5%. 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 disasterous COVID-19 Pandemic the monthly labor force participation went from 127 to 117 in March 2020. This represents a decrease in the monthly labor force participation of 7.9%. Since that time, the monthly labor force participation has gone to 98 This represents a decrease in the monthly labor force participation of 16.2%.

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 Mount Tabor shows it has a Unemployment Rate of 3.2% which is more than all other places in the greater Mount Tabor region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Mount Tabor depicts it has a Labor Force Participation of 46.3% which is less than most other places in the surrounding 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). Mount Tabor has the largest proportion of employed at 3.2% 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. Mount Tabor depicts full time employees appreciably 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 Mount Tabor area. Mount Tabor depicts it has a Single Earner Families of 13.0% which is less than most other places in the local area. The city with the highest families with a single earner in the area is Dorset CDP which shows a single earners rate of 53.2% (approximately 4.1 times bigger). The percentage of families with no one working is depicted in Figure 22. Mount Tabor shows it has a Families with No One Working of 4.3% which is the smallest when ranked by families with no one working of all the other places in the metro area. The city with the highest families with no one working in the area is Manchester which shows a families with no worker of 60.0% ( appreciably bigger).

Mount Tabor Vermont Poverty Charts

The next section details economy analysis about poverty for residents of the Mount Tabor 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. Mount Tabor shows it has a Total In Poverty of 16 which is the smallest in terms of total people earning less than the poverty level of all the other places in the surrounding region. The city with the highest total people earning less than the poverty level in the area is Manchester Center CDP which depicts a total people earning less than the poverty level of 268 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Mount Tabor shows it has a Percent of Population In Poverty of 6.6% which is the second smallest as measured by percent of people earning less than the poverty level of all the other places in the surrounding region. The city with the highest percent of people earning less than the poverty level in the area is Manchester which depicts a percent of people in poverty of 29.4% (approximately 4.4 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Mount Tabor has the largest proportion of person in poverty 12 to 17 years at 31% of the total and is ranked #1. Second, it has less than most other places in the greater region in terms of person in poverty 18 to 34 years at 6% of the total. Third, it has less than most other places in the local area as measured by person in poverty 35 to 54 years at 6% of the total. Also, it has one of the largest proportions of person in poverty 55 to 64 years at 38% of the total and is ranked #3. Only #2 Manchester (39%), and #1 Wallingford CDP (47%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Mount Tabor has one of the largest proportions of married with children and in poverty at 15% of the total and is ranked #3. Only #2 Ludlow (48%), and #1 Dorset CDP (100%) are larger. Second, it has one of the largest proportions of unmarried with children and in poverty at 15% of the total and is ranked #3. Only #2 Ludlow (58%), and #1 Dorset CDP (100%) are larger. 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.) Mount Tabor depicts it has a Public Assistance Percent of 17.0% which is the third most of all other places in the local area. The city with the highest households with public assistance in the area is Proctorsville CDP which shows a households with public assistance of 38.0% (approximately 2.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Mount Tabor depicts it has a Gini Index of 52.3% which is the second most the gini index of all the places in the greater Mount Tabor region.

Mount Tabor Vermont Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Mount Tabor or elsewhere.) Mount Tabor has one of the largest proportions of people who drove alone at 93% of the total and is ranked #2. The only larger city being Wallingford CDP with 97%.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Mount Tabor has the percentage of people with commute time of less than 5 minutesutes the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the metro area at 1% of the total. Second, it has the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the local area when sorted by people with commute time between 5 to 9 minutes at 4% of the total. Third, it has the second smallest in order of people with commute time of less than 5 minutes of all the other places in the area when sorted by people with commute time between 10 to 14 minutes at 1% of the total. Also, it has one of the largest proportions of people with commute time between 15 to 19 minutes at 22% of the total and is ranked #2. The only larger city being Dorset CDP with 23%. In addition, it has the largest proportion of people with commute time between 25 to 29 minutes at 17% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 40 to 44 minutes at 18% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 60 to 89 minutes at 9% of the total and is ranked #1.

The average commute time is shown in Figure 37. Mount Tabor depicts it has a Avg Commute Time of 31 which is ranked #1 of all places in the greater Mount Tabor region. Figure 38 shows the difference between male versus female commuting time. Mount Tabor shows average commute time in minutes for men about twice as large as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Mount Tabor has the percentage of 1 vehicle available the second smallest in terms of no vehicle available of all the other places in the metropolitan area at 32% of the total. Second, it has the largest proportion of 2 vehicles available at 34% 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.) Mount Tabor shows it has a Work in city or place where live of 7% which is the second smallest in terms of people who both work and live in the same city of all the other places in the metro area. The city 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% ( substantially bigger). Comparing people who both work and live in the same city to the United States average of 43%, Mount Tabor is approximately a sixth the size. Also, compared to the state of Vermont, people who both work and live in the same city of 38%, Mount Tabor is approximately a sixth the size.

Mount Tabor 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. Mount Tabor depicts it has the hightest median earnings of $64,125 for the management, business, and financial occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Mount Tabor shows it has the hightest median earnings of $76,500 for the earnings-healthcare practitioners and tech occupations group. The table in Figure 48, shows Mount Tabor employment data in terms of job categories and salary data.

Mount Tabor 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. Mount Tabor shows it has the hightest entrepreneurs of 100% for the self employed management, business, science, and arts businesses classification.

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. Mount Tabor shows 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. Mount Tabor depicts it has a Self Employment Income of $33,331 which is in the mid range of other places in the surrounding region. The city with the highest average annual self employment income in the area is Wallingford CDP which shows an average annual self employment income of $62,928 (about twice as large). Comparing average annual self employment income to the United States average of $40,101, Mount Tabor is about 20.3% smaller. Also, compared to the state of Vermont, average annual self employment income of $32,178, Mount Tabor is only about 3.6% larger.