Northwest Stanwood CDP Washington Income Charts

This section shows the Northwest Stanwood 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, Northwest Stanwood CDP shows it has a Median earnings of $58,462 which is the second smallest as measured by median earnings per worker of all the other places in the surrounding region. The place with the highest median earnings per worker in the area is Bryant CDP which shows a median earnings of $80,714 (38.1% larger). Comparing median earnings per worker to the United States average of $49,041, Northwest Stanwood CDP is 19.2% larger. Also, in contrast to the state of Washington, median earnings per worker of $56,651, Northwest Stanwood CDP is only about 3.2% larger.

The next section examines a variety of different income statistics for the Northwest Stanwood CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $20,000 and $49,999 at 46.3% of the total and is ranked #1.

Figure 9 breaks down the source of income and Northwest Stanwood CDP has the largest proportion of investment and retirement income at 100.0% 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 69.2% which is more than all other places in the greater Northwest Stanwood CDP region.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Northwest Stanwood CDP depicts it has the hightest cost of 129.1 for the cost of healthcare category.

Northwest Stanwood 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 Pandemic the monthly unemployment rate went from 13.0% to 5.8% in February 2020. This represents a decrease in the monthly unemployment rate of 55.4%. Since that time, the monthly unemployment rate has gone to 7.0% This represents an increase in the monthly unemployment rate of 20.7%. 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 15,007 to 16,449 in February 2020. This represents an increase in the monthly labor force participation of 9.6%. Since that time, the monthly labor force participation has gone to 16,982 This represents an increase in the monthly labor force participation of 3.2%. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Northwest Stanwood CDP depicts it has a Labor Force Participation of 41.2% which is the smallest as measured by participation rate of all the other places in the surrounding region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Northwest Stanwood CDP has the largest proportion of unemployed at 58.8% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Northwest Stanwood CDP shows full time employees very much 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 Northwest Stanwood CDP area. Northwest Stanwood CDP shows it has a Single Earner Families of 50.0% which is the highest of all places in the greater Northwest Stanwood CDP region.

Northwest Stanwood CDP Washington Poverty Charts

The next section details economy analysis about poverty for residents of the Northwest Stanwood 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. Northwest Stanwood CDP depicts it has a Total In Poverty of 5 which is the smallest in order of total people earning less than the poverty level of all the other places in the local area. The place with the highest total people earning less than the poverty level in the area is Stanwood which shows a total people earning less than the poverty level of 520 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Northwest Stanwood CDP depicts it has a Percent of Population In Poverty of 4.0% which is the second smallest when ranked by percent of people earning less than the poverty level of all the other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is Stanwood which shows a percent of people in poverty of 7.5% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Northwest Stanwood CDP has the largest proportion of person in poverty 18 to 34 years at 60% of the total and is ranked #1. Second, it has one of the largest proportions of person in poverty 55 to 64 years at 40% of the total and is ranked #2. The only larger place being Warm Beach CDP with 45%.

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

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Northwest Stanwood CDP has the smallest proportion of highschool graduate and in poverty at 2% of the total. Second, it has the largest proportion of has some college and in poverty at 100% 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.) Northwest Stanwood CDP depicts it has a Public Assistance Percent of 30.8% which is the most of all places in the greater Northwest Stanwood CDP region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Northwest Stanwood CDP shows it has a Gini Index of 42.0% which is the second most the gini index of all the places in the greater Northwest Stanwood CDP region.

Northwest Stanwood 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 Northwest Stanwood 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.) Northwest Stanwood CDP has the largest proportion of people who bicycle or walk to work at 31% 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 Northwest Stanwood CDP or elsewhere.) Northwest Stanwood CDP has the smallest proportion of people who drove alone at 36% of the total. Second, it has the largest proportion of people who carpooled at 33% of the total and is ranked #1. Third, it has the largest proportion of people who work from home at 31% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Northwest Stanwood CDP has the largest proportion of people who leave for work between 530 am to 6am at 52% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 41% 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. Northwest Stanwood CDP has the largest proportion of people with commute time between 25 to 29 minutes at 45% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 45 to 59 minutes at 52% of the total and is ranked #1. Figure 40 shows the total number of vehicles available for transportation and Northwest Stanwood CDP has the largest proportion of 3 vehicles available at 100% 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.) Northwest Stanwood CDP shows it has a Work in city or place where live of 31% which is more than all other places in the local area. Comparing people who both work and live in the same city to the United States average of 42%, Northwest Stanwood CDP is approximately three-fourths the size. Also, compared with the state of Washington, people who both work and live in the same city of 37%, Northwest Stanwood CDP is about 19.3% smaller.

Northwest Stanwood CDP Washington Jobs Charts

The table in Figure 48, shows Northwest Stanwood CDP employment data in terms of job categories and salary data.