Hunts Point Washington Income Charts

This section shows the Hunts Point Washington economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Hunts Point shows it has a Median earnings of $161,250 which is less than most other places in the greater region. The city with the highest median earnings per worker in the area is Yarrow Point which shows a median earnings of $207,500 (28.7% larger). Comparing median earnings per worker to the United States average of $49,041, Hunts Point is approximately 3.3 times bigger. Also, measured against the state of Washington, median earnings per worker of $56,651, Hunts Point is approximately 2.8 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 $250,001 which is the largest of all places in the greater region. Comparing median household income to the United States average of $62,843, Hunts Point is approximately 4.0 times bigger. Also, compared with the state of Washington, median household income of $73,775, Hunts Point is approximately 3.4 times bigger.

The next section examines a variety of different income statistics for the Hunts Point metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $15,000 and $19,999 at 8.7% of the total. Second, it has one of the largest proportions of earnings between $75,000 and $99,999 at 54.1% of the total and is ranked #3. Only #2 Yarrow Point (55.4%), and #1 Clyde Hill (59.1%) 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 42.3 which is the most of all places in the local area. 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 $73.31 which is less than most other places in the metropolitan area. The city with the highest average hourly earnings in the area is Yarrow Point which depicts an average hourly earnings of $96.39 (31.5% larger). Comparing average hourly earnings to the United States average of $24.31, Hunts Point is approximately 3.0 times bigger. Also, compared to the state of Washington, average hourly earnings of $28.22, Hunts Point is approximately 2.6 times bigger.

Figure 7 examines the number of self employed people in the Hunts Point metro area based on the number of people who reported any self employment income. Hunts Point shows it has a Self Employed of 18.7% which is the third most people self employed of all other places in the greater Hunts Point region. The city with the highest percentage of people self employed in the area is Beaux Arts Village which shows a percentage self employed of 23.9% (27.6% 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 greater region at $238,750 of the total. 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 the largest proportion of median income-45 to 64 years at $209,375 of the total and is ranked #1.

Figure 9 breaks down the source of income and Hunts Point has the largest proportion of self employment income at 41.4% 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 16.8% which is the third most households with retirement income of all other places in the greater Hunts Point region. The city with the highest households with retirement income in the area is Clyde Hill which depicts a households with retirement income of 17.7% (only about 5.4% 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 less than most other places in the surrounding region when sorted by american indian family income at $200,000 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. Hunts Point depicts it has the hightest cost of 848.9 for the cost of housing aggregate.

Hunts Point 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 virus Pandemic the monthly unemployment rate went from 7.2% to 2.2% in February 2020. This represents a decrease in the monthly unemployment rate of 69.4%. Since that time, the monthly unemployment rate has gone to 4.0% This represents an increase in the monthly unemployment rate of 81.8%. 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 Coronavirus Pandemic the monthly labor force participation went from 47,271 to 54,840 in February 2020. This represents an increase in the monthly labor force participation of 16.0%. Since that time, the monthly labor force participation has gone to 52,642 This represents a decrease in the monthly labor force participation of 4.0%. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Hunts Point shows it has a Labor Force Participation of 52.8% which is the second smallest when ranked by participation rate of all the other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Hunts Point shows full time employees considerably 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 Hunts Point area. Hunts Point depicts it has a Single Earner Families of 39.6% which is the third most families with a single earner of all other places in the greater Hunts Point region. The city with the highest families with a single earner in the area is Yarrow Point which depicts a single earners rate of 41.5% (only about 4.6% larger). The percentage of families with no one working is depicted in Figure 22. Hunts Point shows it has a Families with No One Working of 27.0% which is the largest of all places in the greater Hunts Point region.

Hunts Point Washington Poverty Charts

The next section details economy analysis about poverty for residents of the Hunts Point 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. Hunts Point depicts it has a Total In Poverty of 14 which is the second smallest as measured by 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 ( 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. Hunts Point shows it has a Percent of Population In Poverty of 3.6% which is less than most other places in the greater region. 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% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Hunts Point has the largest proportion of person in poverty under 12 years at 43% of the total and is ranked #1. Second, it has less than most other places in the metropolitan area as measured by person in poverty 12 to 17 years at 14% of the total. Third, it has the second smallest when sorted by person in poverty under 12 years of all the other places in the greater region when sorted by person in poverty 18 to 34 years at 14% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Hunts Point has the largest proportion of married with children and in poverty at 83% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 83% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Hunts Point has the smallest proportion of people who are in poverty and unemployed at 14.3% of the total.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Hunts Point depicts it has a Gini Index of 48.8% which is the third most the gini index of all other places in the greater Hunts Point region.

Hunts Point Washington Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Hunts Point or elsewhere.) Hunts Point has the smallest proportion of people who carpooled at 2% of the total. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 4% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Hunts Point has the smallest proportion of people who leave for work between 530 am to 6am at 3% of the total. Second, it has the largest proportion of people who leave for work between 6am to 630am at 13% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 7am to 730am at 22% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 9am to 10am at 2% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Hunts Point has one of the largest proportions of people with commute time of less than 5 minutesutes at 12% of the total and is ranked #2. The only larger city being Yarrow Point with 14%. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 21% of the total and is ranked #2. The only larger city being Clyde Hill with 22%. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 23% of the total and is ranked #3. Only #2 Clyde Hill (23%), and #1 Yarrow Point (26%) are larger. Also, it has the smallest proportion of people with commute time between 25 to 29 minutes at 5% of the total. In addition, it has the smallest proportion of people with commute time between 30 to 34 minutes at 2% of the total.

The average commute time is shown in Figure 37. Hunts Point depicts it has a Avg Commute Time of 17 which is the smallest when sorted by average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Hunts Point depicts average commute time in minutes for men 78.9% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Hunts Point has the percentage of no vehicle available in the mid range of other places in the greater region at 6% of the total. Second, it has less than most other places in the metropolitan area as measured by 2 vehicles available at 25% of the total. Third, it has the largest proportion of 3 vehicles available at 15% of the total and is ranked #1. Also, it has the largest proportion of 4 vehicles available at 12% 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.) Hunts Point depicts it has a Work in city or place where live of 18% which is in the center range of other places in the greater 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% (approximately 2.3 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Hunts Point is approximately half the size. Also, benchmarked against the state of Washington, people who both work and live in the same city of 37%, Hunts Point is approximately half the size.

Hunts Point 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. Hunts Point indicates it has the hightest median earnings of $235,625 for the earnings-healthcare practitioners and tech occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Hunts Point shows it has the hightest median earnings of $186,250 for the management, business, and financial occupations classification. The table in Figure 48, shows Hunts Point employment data in terms of job categories and salary data.

Hunts Point 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. Hunts Point depicts it has the hightest entrepreneurs of 76% 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. Hunts Point depicts it has the hightest entrepreneurs of 44% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Hunts Point shows it has a Self Employment Income of $204,493 which is the most of all places in the greater Hunts Point region. Comparing average annual self employment income to the United States average of $39,154, Hunts Point is very much bigger. Also, in comparison with the state of Washington, average annual self employment income of $39,075, Hunts Point is considerably bigger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Hunts Point depicts total number of self-employed men approximately 2.3 times bigger as the total number of self-employed women.