Mead CDP Washington Income Charts

This section shows the Mead 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, Mead CDP depicts it has a Median earnings of $60,817 which is the second most median earnings of all the places in the greater Mead CDP region. The place with the highest median earnings per worker in the area is Green Bluff CDP which depicts a median earnings of $105,313 (73.2% larger). Comparing median earnings per worker to the United States average of $49,041, Mead CDP is 24.0% larger. Also, compared with the state of Washington, median earnings per worker of $56,651, Mead CDP is 7.4% 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 $66,390 which is the second most median income of all the places in the greater Mead CDP region. The place with the highest median household income in the area is Green Bluff CDP which depicts a median income of $163,063 (approximately 2.5 times bigger). Comparing median household income to the United States average of $62,843, Mead CDP is only about 5.6% larger. Also, in comparison with the state of Washington, median household income of $73,775, Mead CDP is about 11.1% smaller.

The next section examines a variety of different income statistics for the Mead CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 9.8% of the total and is ranked #2. The only larger place being Green Bluff CDP with 10.1%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 36.2 which is the second smallest in order of average hours of all the other places in the surrounding region. The place with the highest average hours in the area is Fairwood CDP-Spokane County which shows an average hours of 38.6 (6.6% 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 $32.31 which is the second most average hourly earnings of all the places in the greater Mead CDP region. The place with the highest average hourly earnings in the area is Green Bluff CDP which depicts an average hourly earnings of $54.44 (68.5% larger). Comparing average hourly earnings to the United States average of $24.31, Mead CDP is 32.9% larger. Also, measured against the state of Washington, average hourly earnings of $28.22, Mead CDP is 14.5% larger.

Figure 7 examines the number of self employed people in the Mead CDP metro area based on the number of people who reported any self employment income. Mead CDP depicts it has a Self Employed of 11.6% which is in the center range of other places in the local area. The place with the highest percentage of people self employed in the area is Millwood which shows a percentage self employed of 14.6% (26.2% larger).

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 $94,333 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $76,208 of the total and is ranked #3. Only #2 Fairwood CDP-Spokane County ($85,109), and #1 Green Bluff CDP ($195,809) are larger. Third, it has less than most other places in the local area as measured by median income-45 to 64 years at $41,288 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 28.6% which is the third most households with retirement income of all other places in the greater Mead CDP region. The place with the highest households with retirement income in the area is Green Bluff CDP which shows a households with retirement income of 48.2% (68.8% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $79,583 of the total and is ranked #3. Only #2 Fairwood CDP-Spokane County ($83,271), and #1 Green Bluff CDP ($164,500) 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. Mead CDP depicts it has the hightest cost of 110.0 for the cost of healthcare grouping.

Mead 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 indicates that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 12.0% to 5.8% in February 2020. This represents a decrease in the monthly unemployment rate of 51.7%. Since that time, the monthly unemployment rate has gone to 6.4% This represents an increase in the monthly unemployment rate of 10.3%. 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 shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 107,805 to 112,349 in February 2020. This represents an increase in the monthly labor force participation of 4.2%. Since that time, the monthly labor force participation has gone to 110,540 This represents a decrease in the monthly labor force participation of very little.

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 Mead CDP depicts it has a Unemployment Rate of 4.0% which is the third most unemployment rate of all other places in the greater Mead CDP region. The place with the highest unemployment rate in the area is Country Homes CDP which shows a rate of 6.7% (69.6% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Mead CDP shows it has a Labor Force Participation of 59.0% which is in the mid point range of other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Mead CDP depicts full time employees about twice as large 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 Mead CDP area. Mead CDP shows it has a Single Earner Families of 35.1% which is the second most of all the places in the metro area. The place with the highest families with a single earner in the area is Millwood which depicts a single earners rate of 37.9% (7.8% larger). The percentage of families with no one working is depicted in Figure 22. Mead CDP depicts it has a Families with No One Working of 18.8% which is the third most of all other places in the local area. The place with the highest families with no one working in the area is Green Bluff CDP which depicts a families with no worker of 30.1% (60.5% larger).

Mead CDP Washington Poverty Charts

The next section details economy analysis about poverty for residents of the Mead 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. Mead CDP depicts it has a Total In Poverty of 425 which is less than most other places in the local area. The place with the highest total people earning less than the poverty level in the area is Spokane which shows a total people earning less than the poverty level of 36,539 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Mead CDP shows it has a Percent of Population In Poverty of 6.0% which is the second smallest when ranked by percent of people earning less than the poverty level of all the other places in the metropolitan area. The place with the highest percent of people earning less than the poverty level in the area is Country Homes CDP which shows a percent of people in poverty of 24.5% (approximately 4.1 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Mead CDP has the largest proportion of person in poverty under 12 years at 14% of the total and is ranked #1. Second, it has the second smallest when sorted by person in poverty under 12 years of all the other places in the area when ranked by person in poverty 12 to 17 years at 11% of the total. Third, it has in the mid point range of other places in the metro area when ranked by person in poverty 18 to 34 years at 29% of the total. Also, it has the largest proportion of person in poverty 35 to 54 years at 17% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Mead CDP has the largest proportion of black poverty rate at 79% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Mead CDP has the percentage of unmarried female with children and in poverty in the mid point range of other places in the greater region at 9% 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. Mead CDP has the percentage of people who are in poverty and unemployed the second smallest in terms of people who are in poverty and employed of all the other places in the metro area at 14.1% 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.) Mead CDP depicts it has a Public Assistance Percent of 14.5% which is the third most households with public assistance of all other places in the greater Mead CDP region. The place with the highest households with public assistance in the area is Spokane which depicts a households with public assistance of 21.5% (48.5% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Mead CDP shows it has a Gini Index of 40.0% which is less than most other places in the surrounding region.

Mead CDP Washington Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Mead CDP or elsewhere.) Mead CDP has one of the largest proportions of people who drove alone at 82% of the total and is ranked #2. The only larger place being Millwood with 85%.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Mead CDP has the largest proportion of people who leave for work between 12am to 5am at 4% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 8am to 830am at 4% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Mead CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 11% of the total and is ranked #3. Only #2 Spokane (11%), and #1 Country Homes CDP (16%) are larger. Second, it has less than most other places in the local area when ranked by people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 15% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 60 to 89 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Mead CDP depicts it has a Avg Commute Time of 28 which is the third most average commute time of all other places in the greater Mead CDP region. Figure 38 shows the difference between male versus female commuting time. Mead CDP depicts average commute time in minutes for men 32.9% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Mead CDP has the percentage of no vehicle available the second smallest in order of no vehicle available of all the other places in the local area at 6% of the total. Second, it has one of the largest proportions of 3 vehicles available at 18% of the total and is ranked #3. Only #2 Country Homes CDP (20%), and #1 Green Bluff CDP (26%) are larger. Third, it has one of the largest proportions of 4 vehicles available at 8% of the total and is ranked #2. The only larger place being Country Homes CDP with 8%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Mead CDP depicts it has a Work in city or place where live of 19% which is the third most people who both work and live in the same city of all other places in the greater Mead CDP region. The place with the highest people who both work and live in the same city in the area is Spokane which indicates a people who both work and live in the same city of 68% (approximately 3.5 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Mead CDP is approximately half the size. Also, benchmarked against the state of Washington, people who both work and live in the same city of 37%, Mead CDP is approximately half the size.

Mead 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. Mead CDP depicts it has the hightest median earnings of $84,900 for the earnings-education, legal, community service, arts, media occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Mead CDP shows it has the hightest median earnings of $88,664 for the management, business, and financial occupations group. The table in Figure 48, shows Mead CDP employment data in terms of job categories and salary data.

Mead 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. Mead CDP depicts it has the hightest entrepreneurs of 69% 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. Mead CDP depicts it has the hightest entrepreneurs of 52% for the self employed in finance, insurance, real estate, rental and leasing aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Mead CDP depicts it has a Self Employment Income of $16,052 which is the second smallest in order of average annual self employment income of all the other places in the area. The place with the highest average annual self employment income in the area is Country Homes CDP which shows an average annual self employment income of $56,513 (approximately 3.5 times bigger). Comparing average annual self employment income to the United States average of $39,154, Mead CDP is approximately half the size. Also, compared to the state of Washington, average annual self employment income of $39,075, Mead CDP is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Mead CDP depicts total number of self-employed men about 5.7% smaller as the total number of self-employed women.