North Lynnwood CDP Washington Income Charts

This section shows the North Lynnwood 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, North Lynnwood CDP shows it has a Median earnings of $50,394 which is the smallest when ranked 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 Picnic Point CDP which indicates a median earnings of $64,061 (27.1% larger). Comparing median earnings per worker to the United States average of $49,041, North Lynnwood CDP is only about 2.8% larger. Also, in contrast to the state of Washington, median earnings per worker of $56,651, North Lynnwood CDP is about 12.4% 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 $73,565 which is the second smallest in order of median household income of all the other places in the surrounding region. The place with the highest median household income in the area is Meadowdale CDP which shows a median income of $114,891 (56.2% larger). Comparing median household income to the United States average of $62,843, North Lynnwood CDP is 17.1% larger. Also, benchmarked against the state of Washington, median household income of $73,775, North Lynnwood CDP is about the same size.

The next section examines a variety of different income statistics for the North Lynnwood CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $15,000 and $19,999 at 34.3% of the total and is ranked #1. Second, it has the smallest proportion of earnings between $75,000 and $99,999 at 7.1% 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 39.1 which is the second most average hours of all the places in the greater North Lynnwood CDP region. The place with the highest average hours in the area is Lake Stickney CDP which depicts an average hours of 40.3 (only about 3.1% 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 $24.79 which is the smallest when ranked by average hourly earnings of all the other places in the metro area. The place with the highest average hourly earnings in the area is Larch Way CDP which depicts an average hourly earnings of $32.98 (33.1% larger). Comparing average hourly earnings to the United States average of $24.31, North Lynnwood CDP is only slightly larger. Also, in contrast to the state of Washington, average hourly earnings of $28.22, North Lynnwood CDP is about 13.9% smaller.

Figure 7 examines the number of self employed people in the North Lynnwood CDP metro area based on the number of people who reported any self employment income. North Lynnwood CDP depicts it has a Self Employed of 8.4% which is the smallest when ranked by percentage of people self employed of all the other places in the local area. The place with the highest percentage of people self employed in the area is Meadowdale CDP which depicts a percentage self employed of 17.5% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest in order of median income for those under 25 years of age of all the other places in the local area at $86,592 of the total. Second, it has the smallest proportion of median income-25 to 44 years at $73,277 of the total. Third, it has the second smallest when ranked by median income for those under 25 years of age of all the other places in the area in order of median income-45 to 64 years at $43,777 of the total.

Figure 9 breaks down the source of income and North Lynnwood CDP has the smallest proportion of investment and retirement income at 3.1% 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 13.0% which is the smallest in terms of households with retirement income of all the other places in the surrounding region. The place with the highest households with retirement income in the area is Meadowdale CDP which shows a households with retirement income of 21.5% (64.4% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $74,453 of the total. Second, it has in the middle range of other places in the greater region when ranked by white family income at $77,208 of the total. Third, it has the largest proportion of black family income at $123,958 of the total and is ranked #1. Also, it has the second smallest in terms of overall family income of all the other places in the surrounding region in order of american indian family income at $90,282 of the total. In addition, it has less than most other places in the metro area as measured by hawaiian family income at $52,000 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. North Lynnwood CDP shows it has the hightest cost of 162.3 for the cost of housing group.

North Lynnwood 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 Coronavirus Pandemic the monthly unemployment rate went from 10.7% to 2.9% in February 2020. This represents a decrease in the monthly unemployment rate of 72.9%. Since that time, the monthly unemployment rate has gone to 5.8% This represents an increase in the monthly unemployment rate of 100.0%. 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 19,306 to 21,031 in February 2020. This represents an increase in the monthly labor force participation of 8.9%. Since that time, the monthly labor force participation has gone to 20,411 This represents a decrease in the monthly labor force participation of 2.9%.

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 North Lynnwood CDP shows it has a Unemployment Rate of 2.9% which is the third most unemployment rate of all other places in the greater North Lynnwood CDP region. The place with the highest unemployment rate in the area is Lake Stickney CDP which depicts a rate of 4.8% (66.7% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. North Lynnwood CDP depicts it has a Labor Force Participation of 72.5% which is the second most of all the places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. North Lynnwood CDP depicts full time employees approximately 4.3 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 North Lynnwood CDP area. North Lynnwood CDP depicts it has a Single Earner Families of 31.3% which is the largest of all places in the local area. The percentage of families with no one working is depicted in Figure 22. North Lynnwood CDP shows it has a Families with No One Working of 8.4% which is the second smallest in terms of families with no one working of all the other places in the local area. The place with the highest families with no one working in the area is Lynnwood which depicts a families with no worker of 14.5% (72.7% larger).

North Lynnwood CDP Washington Poverty Charts

The next section details economy analysis about poverty for residents of the North Lynnwood 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. North Lynnwood CDP shows it has a Total In Poverty of 2,297 which is the second most total people earning less than the poverty level of all the places in the greater North Lynnwood CDP region. The place with the highest total people earning less than the poverty level in the area is Lynnwood which shows a total people earning less than the poverty level of 5,101 (approximately 2.2 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. North Lynnwood CDP indicates it has a Percent of Population In Poverty of 9.8% which is the third most percent of people earning less than the poverty level of all other places in the greater North Lynnwood CDP region. The place with the highest percent of people earning less than the poverty level in the area is Lake Stickney CDP which depicts a percent of people in poverty of 16.2% (66.3% larger).

In Figure 25 people who are in poverty are broken out by age group. North Lynnwood CDP has the largest proportion of person in poverty 12 to 17 years at 37% of the total and is ranked #1. Second, it has the second smallest when ranked by person in poverty under 12 years of all the other places in the metro area as measured by person in poverty 18 to 34 years at 21% of the total. Third, it has the second smallest in order of person in poverty under 12 years of all the other places in the metro area when sorted by person in poverty 55 to 64 years at 5% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. North Lynnwood CDP has the largest proportion of black poverty rate at 15% 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. North Lynnwood CDP has one of the largest proportions of people who are in poverty and unemployed at 28.7% of the total and is ranked #2. The only larger place being Martha Lake CDP with 29.6%. 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.) North Lynnwood CDP shows it has a Public Assistance Percent of 7.6% which is less than most other places in the local area. The place with the highest households with public assistance in the area is Lake Stickney CDP which depicts a households with public assistance of 21.3% (approximately 2.8 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). North Lynnwood CDP depicts it has a Gini Index of 35.4% which is less than most other places in the local area.

North Lynnwood 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 North Lynnwood 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.) North Lynnwood CDP has the largest proportion of people who drive a car or motorcycle to work at 11% of the total and is ranked #1. Second, it has the smallest proportion of people who bicycle or walk to work at 2% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown North Lynnwood CDP or elsewhere.) North Lynnwood CDP has the largest proportion of people who take the bus at 11% of the total and is ranked #1. Second, it has the largest proportion of people who take the ferry at 0% of the total and is ranked #1. Third, it has the smallest proportion of people who work from home at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. North Lynnwood CDP 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. North Lynnwood CDP has the percentage of people with commute time between 5 to 9 minutes the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the metropolitan area at 7% of the total. Second, it has the smallest proportion of people with commute time between 10 to 14 minutes at 12% of the total. Third, it has the largest proportion of people with commute time between 25 to 29 minutes at 18% of the total and is ranked #1.

The average commute time is shown in Figure 37. North Lynnwood CDP shows it has a Avg Commute Time of 35 which is the highest of all places in the greater North Lynnwood CDP region. Figure 38 shows the difference between male versus female commuting time. North Lynnwood CDP shows average commute time in minutes for men 25.6% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and North Lynnwood CDP has one of the largest proportions of no vehicle available at 21% of the total and is ranked #2. The only larger place being Lynnwood with 24%. Second, it has in the middle range of other places in the greater region as measured by 1 vehicle available at 47% of the total. Third, it has less than most other places in the metro area in terms of 3 vehicles available at 7% of the total. Also, it has the smallest proportion of 4 vehicles available at 3% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) North Lynnwood CDP shows it has a Work in city or place where live of 5% which is the smallest when sorted by people who both work and live in the same city of all the 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 Lynnwood which depicts a people who both work and live in the same city of 22% (approximately 4.3 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, North Lynnwood CDP is approximately an eigth the size. Also, in comparison with the state of Washington, people who both work and live in the same city of 37%, North Lynnwood CDP is approximately an eigth the size.

North Lynnwood 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. North Lynnwood CDP depicts it has the hightest median earnings of $93,036 for the earnings-computer, engineering, and science occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and North Lynnwood CDP shows it has the hightest median earnings of $74,878 for the management, business, and financial occupations grouping. The table in Figure 48, shows North Lynnwood CDP employment data in terms of job categories and salary data.

North Lynnwood 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. North Lynnwood CDP shows it has the hightest entrepreneurs of 50% for the self employed management, business, science, and arts businesses category.

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. North Lynnwood CDP depicts it has the hightest entrepreneurs of 30% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. North Lynnwood CDP shows it has a Self Employment Income of $29,111 which is the smallest in terms of average annual self employment income of all the other places in the greater region. The place with the highest average annual self employment income in the area is Meadowdale CDP which depicts an average annual self employment income of $55,680 (about twice as large). Comparing average annual self employment income to the United States average of $39,154, North Lynnwood CDP is approximately three-fourths the size. Also, compared with the state of Washington, average annual self employment income of $39,075, North Lynnwood 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.) North Lynnwood CDP depicts total number of self-employed men approximately 2.7 times bigger as the total number of self-employed women.