Fobes Hill CDP Washington Income Charts

This section shows the Fobes Hill CDP Washington economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Fobes Hill CDP shows it has a Median earnings of $61,053 which is in the mid range of other places in the greater region. The place with the highest median earnings per worker in the area is Bunk Foss CDP which depicts a median earnings of $80,326 (31.6% larger). Comparing median earnings per worker to the United States average of $49,041, Fobes Hill CDP is 24.5% larger. Also, measured against the state of Washington, median earnings per worker of $56,651, Fobes Hill CDP is 7.8% 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 $114,875 which is the second most median income of all the places in the greater Fobes Hill CDP region. The place with the highest median household income in the area is Bunk Foss CDP which depicts a median income of $120,357 (only about 4.8% larger). Comparing median household income to the United States average of $62,843, Fobes Hill CDP is about twice as large. Also, measured against the state of Washington, median household income of $73,775, Fobes Hill CDP is 55.7% 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 37.5 which is the smallest in order of average hours of all the other places in the area. The place with the highest average hours in the area is Lake Stevens which depicts an average hours of 39.6 (only about 5.6% 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 $31.31 which is in the mid range of other places in the local area. The place with the highest average hourly earnings in the area is Bunk Foss CDP which depicts an average hourly earnings of $40.54 (29.5% larger). Comparing average hourly earnings to the United States average of $24.31, Fobes Hill CDP is 28.8% larger. Also, compared with the state of Washington, average hourly earnings of $28.22, Fobes Hill CDP is 10.9% larger.

Figure 7 examines the number of self employed people in the Fobes Hill CDP metro area based on the number of people who reported any self employment income. Fobes Hill CDP shows it has a Self Employed of 24.7% which is the highest of all places in the greater Fobes Hill CDP 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 $133,869 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $142,525 of the total and is ranked #1. Third, it has in the intermediate range of other places in the local area as measured by median income-45 to 64 years at $66,050 of the total.

Figure 9 breaks down the source of income and Fobes Hill CDP has the largest proportion of income from wages at 5.3% of the total and is ranked #1. Second, it has the largest proportion of self employment income at 15.4% of the total and is ranked #1. Third, it has the largest proportion of investment and retirement income at 7.4% of the total and is ranked #1. Also, it has the smallest proportion of social security at 0.2% 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 21.8% which is the second most households with retirement income of all the places in the greater Fobes Hill CDP region. The place with the highest households with retirement income in the area is Bunk Foss CDP which depicts a households with retirement income of 22.2% ( only slightly 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 $134,219 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. Fobes Hill CDP depicts it has the hightest cost of 211.4 for the cost of housing group.

Fobes Hill CDP 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 Wuhan Coronavirus Pandemic the monthly unemployment rate went from 11.8% to 3.1% in February 2020. This represents a decrease in the monthly unemployment rate of 73.7%. Since that time, the monthly unemployment rate has gone to 6.4% This represents an increase in the monthly unemployment rate of 106.5%. 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 February 2010 to before the Coronavirus Pandemic the monthly labor force participation went from 54,085 to 58,591 in February 2020. This represents an increase in the monthly labor force participation of 8.3%. Since that time, the monthly labor force participation has gone to 57,091 This represents a decrease in the monthly labor force participation of 2.6%.

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 Fobes Hill CDP depicts it has a Unemployment Rate of 2.8% which is in the mid range of other places in the greater region. The place with the highest unemployment rate in the area is Bunk Foss CDP which depicts a rate of 3.6% (25.7% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Fobes Hill CDP depicts it has a Labor Force Participation of 68.0% which is the third most participation rates of all other places in the greater Fobes Hill CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Fobes Hill CDP shows full time employees approximately 2.9 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 Fobes Hill CDP area. Fobes Hill CDP indicates it has a Single Earner Families of 25.4% which is less than most other places in the local area. The place with the highest families with a single earner in the area is Everett which shows a single earners rate of 29.5% (15.9% larger). The percentage of families with no one working is depicted in Figure 22. Fobes Hill CDP shows it has a Families with No One Working of 15.1% which is the second most families with no one working of all the places in the greater Fobes Hill CDP region. The place with the highest families with no one working in the area is Bunk Foss CDP which depicts a families with no worker of 16.9% (11.7% larger).

Fobes Hill CDP Washington Poverty Charts

The next section details economy analysis about poverty for residents of the Fobes Hill 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. Fobes Hill CDP depicts it has a Total In Poverty of 122 which is the second smallest as measured by total people earning less than the poverty level of all the other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is Everett which shows a total people earning less than the poverty level of 13,592 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Fobes Hill CDP depicts it has a Percent of Population In Poverty of 4.1% which is the second smallest in terms of percent of people earning less than the poverty level of all the other places in the surrounding region. The place with the highest percent of people earning less than the poverty level in the area is Everett which depicts a percent of people in poverty of 12.8% (approximately 3.1 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Fobes Hill CDP has the percentage of person in poverty 12 to 17 years the second smallest as measured by person in poverty under 12 years of all the other places in the metro area at 8% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 57% of the total and is ranked #1. Third, it has the second smallest as measured by person in poverty under 12 years of all the other places in the greater region in terms of person in poverty 55 to 64 years at 7% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Fobes Hill CDP has the percentage of hawaiian poverty rate the second smallest in order of white poverty rate of all the other places in the local area at 2% of the total. 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.) Fobes Hill CDP indicates it has a Public Assistance Percent of 5.5% which is less than most other places in the metropolitan area. The place with the highest households with public assistance in the area is Everett which shows a households with public assistance of 18.5% (approximately 3.3 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Fobes Hill CDP shows it has a Gini Index of 34.8% which is the third most of all other places in the greater region.

Fobes Hill CDP 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 Fobes Hill CDP 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.) Fobes Hill CDP has the largest proportion of people who bicycle or walk to work at 7% 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 Fobes Hill CDP or elsewhere.) Fobes Hill CDP has the largest proportion of people who take the Long-distance train or commuter rail at 3% of the total and is ranked #1. Second, it has the largest proportion of people who bike at 1% of the total and is ranked #1. Third, it has the largest proportion of people who work from home at 7% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Fobes Hill CDP has one of the largest proportions of people who leave for work between 12am to 5am at 10% of the total and is ranked #2. The only larger place being Cavalero CDP with 12%. Second, it has the smallest proportion of people who leave for work between 5am to 530am at 4% of the total. Third, it has the largest proportion of people who leave for work between 6am to 630am at 14% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 630 am to 7am at 9% of the total. In addition, it has the largest proportion of people who leave for work between 7am to 730am at 16% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who leave for work between 730 am to 8am at 5% of the total. Next it has the largest proportion of people who leave for work between 9am to 10am at 7% 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. Fobes Hill CDP has the largest proportion of people with commute time of less than 5 minutesutes at 11% of the total and is ranked #1. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 13% of the total and is ranked #2. The only larger place being Everett with 15%. 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 when ranked by people with commute time between 10 to 14 minutes at 7% of the total. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 24% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 20 to 24 minutes at 2% of the total. Furthermore, it has the smallest proportion of people with commute time between 25 to 29 minutes at 11% of the total. Next it has the smallest proportion of people with commute time between 40 to 44 minutes at 7% of the total.

The average commute time is shown in Figure 37. Fobes Hill CDP shows it has a Avg Commute Time of 28 which is the smallest as measured by average commute time of all the other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Fobes Hill CDP shows average commute time in minutes for men 39.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Fobes Hill CDP has the percentage of no vehicle available the second smallest in terms of no vehicle available of all the other places in the metropolitan area at 6% of the total. Second, it has the second smallest in order of no vehicle available of all the other places in the metro area when ranked by 1 vehicle available at 30% of the total. Third, it has one of the largest proportions of 3 vehicles available at 21% of the total and is ranked #2. The only larger place being Bunk Foss CDP with 25%. Also, it has the largest proportion of 4 vehicles available at 15% 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.) Fobes Hill CDP depicts it has a Work in city or place where live of 8% which is in the intermediate range of other places in the area. The place with the highest people who both work and live in the same city in the area is Everett which depicts a people who both work and live in the same city of 42% ( substantially bigger). Comparing people who both work and live in the same city to the United States average of 42%, Fobes Hill CDP is approximately a fifth the size. Also, compared with the state of Washington, people who both work and live in the same city of 37%, Fobes Hill CDP is approximately a quarter the size.

Fobes Hill CDP 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. Fobes Hill CDP indicates it has the hightest median earnings of $122,708 for the earnings-computer, engineering, and science occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Fobes Hill CDP shows it has the hightest median earnings of $72,273 for the management, business, and financial occupations group. The table in Figure 48, shows Fobes Hill CDP employment data in terms of job categories and salary data.

Fobes Hill CDP 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. Fobes Hill CDP shows it has the hightest entrepreneurs of 49% for the self employed in service 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. Fobes Hill CDP shows it has the hightest entrepreneurs of 41% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Fobes Hill CDP shows it has a Self Employment Income of $25,830 which is the second smallest as measured by average annual self employment income of all the other places in the metro area. The place with the highest average annual self employment income in the area is Snohomish which depicts an average annual self employment income of $36,086 (39.7% larger). Comparing average annual self employment income to the United States average of $39,154, Fobes Hill CDP is approximately three-fourths the size. Also, compared with the state of Washington, average annual self employment income of $39,075, Fobes Hill CDP is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Fobes Hill CDP depicts total number of self-employed men about 16.8% smaller as the total number of self-employed women.