Lochsloy CDP Washington Income Charts

This section shows the Lochsloy 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, Lochsloy CDP depicts it has a Median earnings of $48,661 which is the second smallest when sorted by median earnings per worker of all the other places in the area. The place with the highest median earnings per worker in the area is Lake Bosworth CDP which depicts a median earnings of $97,311 (about twice as large). Comparing median earnings per worker to the United States average of $49,041, Lochsloy CDP is about the same size. Also, compared with the state of Washington, median earnings per worker of $56,651, Lochsloy CDP is about 16.4% smaller.

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 $86,133 which is less than most other places in the metropolitan area. The place with the highest median household income in the area is Lake Bosworth CDP which shows a median income of $118,846 (38.0% larger). Comparing median household income to the United States average of $62,843, Lochsloy CDP is 37.1% larger. Also, in comparison with the state of Washington, median household income of $73,775, Lochsloy CDP is 16.8% larger.

The next section examines a variety of different income statistics for the Lochsloy CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 in the center range of other places in the metro area at 4.0% of the total. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 35.3% of the total and is ranked #1. Third, it has less than most other places in the local area when sorted by earnings between $75,000 and $99,999 at 10.3% 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 36.7 which is the smallest as measured by average hours of all the other places in the local area. The place with the highest average hours in the area is Machias CDP which depicts an average hours of 40.7 (10.9% 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 $25.50 which is the second smallest in order of average hourly earnings of all the other places in the local area. The place with the highest average hourly earnings in the area is Lake Bosworth CDP which shows an average hourly earnings of $47.02 (about twice as large). Comparing average hourly earnings to the United States average of $24.31, Lochsloy CDP is only about 4.9% larger. Also, compared to the state of Washington, average hourly earnings of $28.22, Lochsloy CDP is about 10.7% smaller.

Figure 7 examines the number of self employed people in the Lochsloy CDP metro area based on the number of people who reported any self employment income. Lochsloy CDP depicts it has a Self Employed of 17.9% which is the third most of all other places in the local area. The place with the highest percentage of people self employed in the area is Machias CDP which shows a percentage self employed of 23.2% (30.1% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the mid point range of other places in the local area at $85,492 of the total. Second, it has less than most other places in the metro area when ranked by median income-25 to 44 years at $92,222 of the total. Third, it has the largest proportion of median income-45 to 64 years at $66,406 of the total and is ranked #1.

Figure 9 breaks down the source of income and Lochsloy CDP has the largest proportion of investment and retirement income at 9.1% 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 19.5% which is the third most households with retirement income of all other places in the greater Lochsloy CDP region. The place with the highest households with retirement income in the area is Machias CDP which depicts a households with retirement income of 24.8% (26.9% 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 metro area at $94,625 of the total. Second, it has one of the largest proportions of hawaiian family income at $66,161 of the total and is ranked #3. Only #2 Lake Stevens ($83,061), and #1 Lake Cassidy CDP ($86,413) 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. Lochsloy CDP depicts it has the hightest cost of 148.6 for the cost of housing category.

Lochsloy 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 shows that from February 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 5.9% to 2.8% in February 2020. This represents a decrease in the monthly unemployment rate of 52.5%. Since that time, the monthly unemployment rate has gone to 5.3% This represents an increase in the monthly unemployment rate of 89.3%. 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 14,273 to 18,021 in February 2020. This represents an increase in the monthly labor force participation of 26.3%. Since that time, the monthly labor force participation has gone to 17,417 This represents a decrease in the monthly labor force participation of 3.4%.

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 Lochsloy CDP shows it has a Unemployment Rate of 1.6% which is the second smallest in order of unemployment rate of all the other places in the greater region. The place with the highest unemployment rate in the area is Machias CDP which shows a rate of 5.4% (approximately 3.3 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lochsloy CDP depicts it has a Labor Force Participation of 63.1% which is less than most other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lochsloy CDP depicts full time employees approximately 2.7 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 Lochsloy CDP area. Lochsloy CDP shows it has a Single Earner Families of 37.1% which is the largest of all places in the greater Lochsloy CDP region. The percentage of families with no one working is depicted in Figure 22. Lochsloy CDP depicts it has a Families with No One Working of 12.6% which is the third most families with no one working of all other places in the greater Lochsloy CDP region. The place with the highest families with no one working in the area is Lake Cassidy CDP which shows a families with no worker of 21.0% (66.8% larger).

Lochsloy CDP Washington Poverty Charts

The next section details economy analysis about poverty for residents of the Lochsloy 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. Lochsloy CDP shows it has a Total In Poverty of 311 which is in the mid point range of other places in the metropolitan area. The place with the highest total people earning less than the poverty level in the area is Lake Stevens which depicts a total people earning less than the poverty level of 2,207 ( 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. Lochsloy CDP depicts it has a Percent of Population In Poverty of 10.6% which is the second most of all the places in the surrounding region. The place with the highest percent of people earning less than the poverty level in the area is Granite Falls which shows a percent of people in poverty of 12.9% (21.7% larger).

In Figure 25 people who are in poverty are broken out by age group. Lochsloy CDP has the largest proportion of person in poverty 12 to 17 years at 31% of the total and is ranked #1. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 33% of the total and is ranked #3. Only #2 Machias CDP (43%), and #1 Lake Bosworth CDP (48%) are larger. Third, it has less than most other places in the surrounding region in order of person in poverty 35 to 54 years at 14% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Lochsloy CDP has the largest proportion of black poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Lochsloy CDP has one of the largest proportions of married with children and in poverty at 54% of the total and is ranked #2. The only larger place being Granite Falls with 58%. Second, it has one of the largest proportions of unmarried with children and in poverty at 43% of the total and is ranked #3. Only #2 Canyon Creek CDP (49%), and #1 Granite Falls (70%) are larger. Third, it has the largest proportion of unmarried female with children and in poverty at 64% of the total and is ranked #1. 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.) Lochsloy CDP depicts it has a Public Assistance Percent of 14.9% which is in the mid range of other places in the metropolitan area. The place with the highest households with public assistance in the area is Lake Bosworth CDP which depicts a households with public assistance of 24.6% (65.2% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lochsloy CDP depicts it has a Gini Index of 36.8% which is less than most other places in the area.

Lochsloy CDP Washington Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lochsloy CDP has the largest proportion of people who leave for work between 12am to 5am at 18% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 630 am to 7am at 9% of the total. Third, it has the smallest proportion of people who leave for work between 8am to 830am at 1% of the total. Also, it has the largest proportion of people who leave for work between 10am to 11am at 2% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 12noon to 4pm at 8% 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. Lochsloy CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 10% of the total and is ranked #2. The only larger place being Lake Bosworth CDP with 10%. 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 6% of the total. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 15% of the total and is ranked #1.

The average commute time is shown in Figure 37. Lochsloy CDP depicts it has a Avg Commute Time of 32 which is the second smallest in terms of average commute time of all the other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Lochsloy CDP depicts average commute time in minutes for men 73.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lochsloy CDP has the percentage of no vehicle available the second smallest in order of no vehicle available of all the other places in the metro area at 3% of the total. Second, it has the second smallest as measured by no vehicle available of all the other places in the area when ranked by 1 vehicle available at 18% of the total. Third, it has one of the largest proportions of 2 vehicles available at 44% of the total and is ranked #2. The only larger place being Lake Cassidy CDP with 46%. Also, 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 Lake Bosworth CDP with 23%. In addition, it has less than most other places in the metro area when ranked by 4 vehicles available at 14% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Lochsloy CDP depicts it has a Work in city or place where live of 11% which is in the center range of other places in the greater region. The place with the highest people who both work and live in the same city in the area is Granite Falls which depicts a people who both work and live in the same city of 19% (77.6% larger). Comparing people who both work and live in the same city to the United States average of 42%, Lochsloy CDP is approximately a quarter the size. Also, measured against the state of Washington, people who both work and live in the same city of 37%, Lochsloy CDP is approximately a third the size.

Lochsloy 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. Lochsloy CDP depicts it has the hightest median earnings of $183,333 for the earnings-computer, engineering, and science occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Lochsloy CDP shows it has the hightest median earnings of $107,625 for the management, business, and financial occupations aggregate. The table in Figure 48, shows Lochsloy CDP employment data in terms of job categories and salary data.

Lochsloy 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. Lochsloy CDP shows it has the hightest entrepreneurs of 50% 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. Lochsloy CDP depicts it has the hightest entrepreneurs of 50% for the self employed in retail trade group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lochsloy CDP shows it has a Self Employment Income of $32,825 which is the third most average annual self employment income of all other places in the greater Lochsloy CDP region. The place with the highest average annual self employment income in the area is Lake Bosworth CDP which indicates an average annual self employment income of $80,734 (approximately 2.5 times bigger). Comparing average annual self employment income to the United States average of $39,154, Lochsloy CDP is about 19.3% smaller. Also, compared to the state of Washington, average annual self employment income of $39,075, Lochsloy CDP is about 19.0% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lochsloy CDP shows total number of self-employed men 50.0% larger as the total number of self-employed women.