West Fairlee Vermont Income Charts

This section shows the West Fairlee Vermont economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, West Fairlee depicts it has a Median earnings of $38,261 which is the second smallest in terms of median earnings per worker of all the other places in the surrounding region. The city with the highest median earnings per worker in the area is Norwich CDP which depicts a median earnings of $77,250 (about twice as large). Comparing median earnings per worker to the United States average of $50,459, West Fairlee is approximately three-fourths the size. Also, in comparison with the state of Vermont, median earnings per worker of $49,689, West Fairlee 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 $63,333 which is the third most median income of all other places in the greater West Fairlee region. The city with the highest median household income in the area is Norwich CDP which shows a median income of $83,194 (31.4% larger). Comparing median household income to the United States average of $64,994, West Fairlee is only about 2.6% smaller. Also, compared to the state of Vermont, median household income of $63,477, West Fairlee is about the same size.

The next section examines a variety of different income statistics for the West Fairlee metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 less than most other places in the local area at 1.7% of the total. Second, it has one of the largest proportions of earnings between $15,000 and $19,999 at 44.3% of the total and is ranked #3. Only #2 Fairlee CDP (45.0%), and #1 Chelsea CDP (58.7%) are larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.7 which is in the mid range of other places in the greater region. The city with the highest average hours in the area is Chelsea CDP which depicts an average hours of 42.4 (6.8% 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 $18.53 which is the second smallest in terms of average hourly earnings of all the other places in the local area. The city with the highest average hourly earnings in the area is Hanover CDP which shows an average hourly earnings of $38.39 (about twice as large). Comparing average hourly earnings to the United States average of $25.01, West Fairlee is approximately three-fourths the size. Also, versus the state of Vermont, average hourly earnings of $25.21, West Fairlee is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the West Fairlee metro area based on the number of people who reported any self employment income. West Fairlee depicts it has a Self Employed of 13.6% which is in the middle range of other places in the local area. The city with the highest percentage of people self employed in the area is Newbury which depicts a percentage self employed of 17.5% (28.4% larger).

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 metropolitan area at $46,875 of the total. Second, it has in the center range of other places in the greater region in order of median income-25 to 44 years at $77,813 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $43,235 of the total and is ranked #3. Only #2 Fairlee CDP ($51,141), and #1 Newbury ($51,500) are 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 22.5% which is the third most households with retirement income of all other places in the greater West Fairlee region. The city with the highest households with retirement income in the area is Newbury which shows a households with retirement income of 35.0% (56.0% larger).

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 less than most other places in the local area at $78,594 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. West Fairlee depicts it has the hightest cost of 125.0 for the cost of miscellaneous items group.

West Fairlee 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 depicts that from February 2006 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 4.8% to 3.5% in February 2020. This represents a decrease in the monthly unemployment rate of 27.1%. Since that time, the monthly unemployment rate has gone to 3.9% This represents an increase in the monthly unemployment rate of 11.4%. 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 virus Pandemic the monthly labor force participation went from 396 to 397 in March 2020. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 380 This represents a decrease in the monthly labor force participation of 4.3%.

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 West Fairlee depicts it has a Unemployment Rate of 1.3% which is less than most other places in the metro area. The city with the highest unemployment rate in the area is Chelsea CDP which shows a rate of 4.1% (approximately 3.1 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. West Fairlee depicts it has a Labor Force Participation of 63.1% which is the second most participation rates of all the places in the greater West Fairlee 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). West Fairlee has the percentage of unemployed the second smallest when sorted by employed of all the other places in the greater region at 36.9% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. West Fairlee shows full time employees approximately 4.8 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 West Fairlee area. West Fairlee depicts it has a Single Earner Families of 23.4% which is the second smallest in terms of families with a single earner of all the other places in the surrounding region. The city with the highest families with a single earner in the area is Newbury which depicts a single earners rate of 43.5% (about twice as large). The percentage of families with no one working is depicted in Figure 22. West Fairlee depicts it has a Families with No One Working of 14.9% which is in the mid range of other places in the local area. The city with the highest families with no one working in the area is Chelsea CDP which shows a families with no worker of 50.0% (approximately 3.4 times bigger).

West Fairlee Vermont Poverty Charts

The next section details economy analysis about poverty for residents of the West Fairlee 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. West Fairlee shows it has a Total In Poverty of 23 which is the smallest as measured by total people earning less than the poverty level of all the other places in the metropolitan area. The city with the highest total people earning less than the poverty level in the area is Hanover CDP which shows a total people earning less than the poverty level of 812 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. West Fairlee shows it has a Percent of Population In Poverty of 2.9% which is the smallest as measured by percent of people earning less than the poverty level of all the other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Chelsea CDP which depicts a percent of people in poverty of 22.1% ( very much bigger).

In Figure 25 people who are in poverty are broken out by age group. West Fairlee has the percentage of person in poverty 12 to 17 years the second smallest when ranked by person in poverty under 12 years of all the other places in the greater region at 13% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 78% 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. West Fairlee has the percentage of less than highschool in poverty the second smallest in order of less than highschool in poverty of all the other places in the local area at 7% of the total. Second, it has less than most other places in the metropolitan area in terms of highschool graduate and in poverty at 3% 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. West Fairlee has one of the largest proportions of people who are in poverty and unemployed at 43.5% of the total and is ranked #2. The only larger city being Norwich CDP with 44.9%. 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.) West Fairlee shows it has a Public Assistance Percent of 10.2% which is the second smallest when sorted by households with public assistance of all the other places in the greater region. The city with the highest households with public assistance in the area is Chelsea CDP which depicts a households with public assistance of 29.1% (approximately 2.9 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). West Fairlee depicts it has a Gini Index of 40.9% which is the second smallest in terms of the gini index of all the other places in the metropolitan area.

West Fairlee Vermont Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown West Fairlee or elsewhere.) West Fairlee has the largest proportion of people who drove alone at 87% of the total and is ranked #1. Second, it has the second smallest when ranked by people who drove alone of all the other places in the surrounding region in terms of people who walked at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. West Fairlee has the largest proportion of people who leave for work between 530 am to 6am at 21% 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. West Fairlee has the percentage of people with commute time of less than 5 minutesutes less than most other places in the area at 7% of the total. Second, it has less than most other places in the greater region in order of people with commute time between 5 to 9 minutes at 2% 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 local area as measured by people with commute time between 10 to 14 minutes at 12% of the total. Also, it has the smallest proportion of people with commute time between 15 to 19 minutes at 2% of the total. In addition, it has the largest proportion of people with commute time between 20 to 24 minutes at 15% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 35 to 39 minutes at 11% of the total and is ranked #1.

The average commute time is shown in Figure 37. West Fairlee shows it has a Avg Commute Time of 27 which is the second most of all the places in the local area. Figure 38 shows the difference between male versus female commuting time. West Fairlee shows average commute time in minutes for men 13.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and West Fairlee has the percentage of no vehicle available the second smallest when ranked by no vehicle available of all the other places in the greater region at 14% of the total. Second, it has one of the largest proportions of 1 vehicle available at 58% of the total and is ranked #2. The only larger city being Norwich CDP with 65%. Third, it has the second smallest when ranked by no vehicle available of all the other places in the greater region as measured by 2 vehicles available at 11% of the total. Also, it has one of the largest proportions of 3 vehicles available at 16% of the total and is ranked #2. The only larger city being Fairlee CDP with 28%.

West Fairlee 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. West Fairlee depicts it has the hightest median earnings of $56,250 for the earnings-natural resources, construction, maintenance occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and West Fairlee shows it has the hightest median earnings of $46,625 for the earnings-sales and office occupations aggregate. The table in Figure 48, shows West Fairlee employment data in terms of job categories and salary data.

West Fairlee 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. West Fairlee depicts it has the hightest entrepreneurs of 59% for the self employed management, business, science, and arts businesses aggregate.

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. West Fairlee depicts it has the hightest entrepreneurs of 41% for the self employed in educational services, health care and social assistance category.

In Figure 51 the average annual self employment/entrepreneur income is shown. West Fairlee shows it has a Self Employment Income of $17,522 which is the second smallest in terms of average annual self employment income of all the other places in the surrounding region. The city with the highest average annual self employment income in the area is Hanover CDP which depicts an average annual self employment income of $88,595 ( substantially bigger). Comparing average annual self employment income to the United States average of $40,101, West Fairlee is approximately half the size. Also, in contrast to the state of Vermont, average annual self employment income of $32,178, West Fairlee is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) West Fairlee depicts total number of self-employed men 16.7% larger as the total number of self-employed women.