Beaux Arts Village Washington Income Charts

This section shows the Beaux Arts Village Washington economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Beaux Arts Village depicts it has a Median earnings of $178,036 which is the third most median earnings of all other places in the greater Beaux Arts Village region. The city with the highest median earnings per worker in the area is Clyde Hill which depicts a median earnings of $202,500 (13.7% larger). Comparing median earnings per worker to the United States average of $49,041, Beaux Arts Village is approximately 3.6 times bigger. Also, in comparison with the state of Washington, median earnings per worker of $56,651, Beaux Arts Village is approximately 3.1 times bigger.

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 $230,625 which is the third most median income of all other places in the greater Beaux Arts Village region. The city with the highest median household income in the area is Hunts Point which depicts a median income of $250,001 (8.4% larger). Comparing median household income to the United States average of $62,843, Beaux Arts Village is approximately 3.7 times bigger. Also, in comparison with the state of Washington, median household income of $73,775, Beaux Arts Village is approximately 3.1 times bigger.

The next section examines a variety of different income statistics for the Beaux Arts Village metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $20,000 and $49,999 at 6.1% of the total. Second, it has the smallest proportion of earnings between $50,000 and $74,999 at 6.1% 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 38.0 which is the smallest when sorted by average hours of all the other places in the greater region. The city with the highest average hours in the area is Hunts Point which shows an average hours of 42.3 (11.3% 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 $90.10 which is the second most average hourly earnings of all the places in the greater Beaux Arts Village region. The city with the highest average hourly earnings in the area is Clyde Hill which shows an average hourly earnings of $95.45 (only about 5.9% larger). Comparing average hourly earnings to the United States average of $24.31, Beaux Arts Village is approximately 3.7 times bigger. Also, measured against the state of Washington, average hourly earnings of $28.22, Beaux Arts Village is approximately 3.2 times bigger.

Figure 7 examines the number of self employed people in the Beaux Arts Village metro area based on the number of people who reported any self employment income. Beaux Arts Village shows it has a Self Employed of 23.9% which is the highest of all places in the greater Beaux Arts Village region.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $250,001 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $250,001 of the total and is ranked #1. Third, it has in the middle range of other places in the metro area when ranked by median income-45 to 64 years at $102,500 of the total.

Figure 9 breaks down the source of income and Beaux Arts Village has the smallest proportion of self employment income at 8.0% of the total. Second, it has the largest proportion of investment and retirement income at 3.5% 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 14.9% which is less than most other places in the local area. The city with the highest households with retirement income in the area is Mercer Island which depicts a households with retirement income of 20.6% (37.7% larger).

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 $250,001 of the total and is ranked #1. Second, it has the largest proportion of american indian family income at $250,001 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. Beaux Arts Village depicts it has the hightest cost of 645.7 for the cost of housing group.

Beaux Arts Village Washington 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 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 7.7% to 2.2% in February 2020. This represents a decrease in the monthly unemployment rate of 71.4%. Since that time, the monthly unemployment rate has gone to 3.8% This represents an increase in the monthly unemployment rate of 72.7%. 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 February 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 70,586 to 84,471 in February 2020. This represents an increase in the monthly labor force participation of 19.7%. Since that time, the monthly labor force participation has gone to 80,909 This represents a decrease in the monthly labor force participation of 4.2%.

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 Beaux Arts Village depicts it has a Unemployment Rate of 3.3% which is the highest of all places in the greater Beaux Arts Village region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Beaux Arts Village depicts it has a Labor Force Participation of 61.1% which is in the center range of other places in the metro area.

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). Beaux Arts Village has the largest proportion of employed at 3.3% 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. Beaux Arts Village shows full time employees approximately 3.1 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 Beaux Arts Village area. Beaux Arts Village shows it has a Single Earner Families of 30.1% which is less than most other places in the metro area. The city with the highest families with a single earner in the area is Clyde Hill which depicts a single earners rate of 39.8% (32.2% larger). The percentage of families with no one working is depicted in Figure 22. Beaux Arts Village depicts it has a Families with No One Working of 19.4% which is the second most of all the places in the local area. The city with the highest families with no one working in the area is Hunts Point which depicts a families with no worker of 27.0% (39.2% larger).

Beaux Arts Village Washington Poverty Charts

The next section details economy analysis about poverty for residents of the Beaux Arts Village 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. Beaux Arts Village depicts it has a Total In Poverty of 7 which is the smallest in order of total people earning less than the poverty level of all the other places in the metro area. The city with the highest total people earning less than the poverty level in the area is Bellevue which depicts a total people earning less than the poverty level of 9,569 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Beaux Arts Village depicts it has a Percent of Population In Poverty of 1.7% which is the smallest when ranked by percent of people earning less than the poverty level of all the other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Bellevue which depicts a percent of people in poverty of 6.7% (approximately 3.9 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Beaux Arts Village has the percentage of person in poverty 12 to 17 years the second smallest in order of person in poverty under 12 years of all the other places in the metro area at 14% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 29% of the total and is ranked #1. Third, it has the largest proportion of person in poverty 55 to 64 years at 57% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Beaux Arts Village has the largest proportion of hawaiian poverty rate at 50% 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. Beaux Arts Village has the largest proportion of highschool graduate and in poverty at 19% of the total and is ranked #1. Second, it has the smallest proportion of has some college and in poverty at 0% of the total.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Beaux Arts Village shows it has a Gini Index of 47.7% which is less than most other places in the greater region.

Beaux Arts Village Washington 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 Beaux Arts Village 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.) Beaux Arts Village has the largest proportion of people who bicycle or walk to work at 20% 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 Beaux Arts Village or elsewhere.) Beaux Arts Village has the largest proportion of people who bike at 1% of the total and is ranked #1. Second, it has the smallest proportion of people who walked at 1% of the total. Third, it has the largest proportion of people who work from home at 20% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Beaux Arts Village has the largest proportion of people who leave for work between 630 am to 7am at 15% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 7am to 730am at 13% of the total. Third, it has the largest proportion of people who leave for work between 830 am to 9am at 17% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 11am to 12noon at 5% 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. Beaux Arts Village has the percentage of people with commute time of less than 5 minutesutes the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the metro area at 4% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 18% of the total and is ranked #3. Only #2 Hunts Point (21%), and #1 Clyde Hill (22%) are larger. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 24% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 35 to 39 minutes at 1% of the total. In addition, it has the largest proportion of people with commute time between 60 to 89 minutes at 1% of the total and is ranked #1.

The average commute time is shown in Figure 37. Beaux Arts Village shows it has a Avg Commute Time of 24 which is in the middle range of other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Beaux Arts Village depicts 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 Beaux Arts Village has the percentage of no vehicle available the second smallest as measured by no vehicle available of all the other places in the surrounding region at 4% of the total. Second, it has the smallest proportion of 1 vehicle available at 36% of the total. Third, it has the largest proportion of 2 vehicles available at 39% of the total and is ranked #1. Also, it has one of the largest proportions of 3 vehicles available at 15% of the total and is ranked #2. The only larger city being Hunts Point with 15%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Beaux Arts Village depicts it has a Work in city or place where live of 24% which is the second most people who both work and live in the same city of all the places in the greater Beaux Arts Village region. The city with the highest people who both work and live in the same city in the area is Bellevue which depicts a people who both work and live in the same city of 42% (76.4% larger). Comparing people who both work and live in the same city to the United States average of 42%, Beaux Arts Village is approximately half the size. Also, in comparison with the state of Washington, people who both work and live in the same city of 37%, Beaux Arts Village is approximately three-fourths the size.

Beaux Arts Village Washington 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. Beaux Arts Village shows it has the hightest median earnings of $250,001 for the earnings-healthcare practitioners and tech occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Beaux Arts Village depicts it has the hightest median earnings of $182,679 for the management, business, and financial occupations category. The table in Figure 48, shows Beaux Arts Village employment data in terms of job categories and salary data.

Beaux Arts Village Washington 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. Beaux Arts Village depicts it has the hightest entrepreneurs of 95% 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. Beaux Arts Village shows it has the hightest entrepreneurs of 43% for the self employed in professional, scientific, management, administrative services category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Beaux Arts Village shows it has a Self Employment Income of $68,700 which is less than most other places in the greater region. The city with the highest average annual self employment income in the area is Hunts Point which depicts an average annual self employment income of $204,493 (approximately 3.0 times bigger). Comparing average annual self employment income to the United States average of $39,154, Beaux Arts Village is 75.5% larger. Also, compared to the state of Washington, average annual self employment income of $39,075, Beaux Arts Village is 75.8% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Beaux Arts Village shows total number of self-employed men 59.1% larger as the total number of self-employed women.