Stansberry Lake CDP Washington Income Charts

This section shows the Stansberry Lake 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, Stansberry Lake CDP depicts it has a Median earnings of $64,773 which is the second smallest in terms of 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 Raft Island CDP which shows a median earnings of $179,444 (approximately 2.8 times bigger). Comparing median earnings per worker to the United States average of $49,041, Stansberry Lake CDP is 32.1% larger. Also, compared with the state of Washington, median earnings per worker of $56,651, Stansberry Lake CDP is 14.3% 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 $96,750 which is in the mid range of other places in the metro area. The place with the highest median household income in the area is Raft Island CDP which shows a median income of $179,306 (about twice as large). Comparing median household income to the United States average of $62,843, Stansberry Lake CDP is 54.0% larger. Also, versus the state of Washington, median household income of $73,775, Stansberry Lake CDP is 31.1% larger.

The next section examines a variety of different income statistics for the Stansberry Lake CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 less than most other places in the metro area at 3.0% 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 greater region when sorted by earnings between $75,000 and $99,999 at 13.0% 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 38.2 which is in the mid point range of other places in the local area. The place with the highest average hours in the area is Burley CDP which depicts an average hours of 41.2 (7.9% 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 $32.61 which is less than most other places in the greater region. The place with the highest average hourly earnings in the area is Raft Island CDP which depicts an average hourly earnings of $84.17 (approximately 2.6 times bigger). Comparing average hourly earnings to the United States average of $24.31, Stansberry Lake CDP is 34.2% larger. Also, measured against the state of Washington, average hourly earnings of $28.22, Stansberry Lake CDP is 15.5% larger.

Figure 7 examines the number of self employed people in the Stansberry Lake CDP metro area based on the number of people who reported any self employment income. Stansberry Lake CDP shows it has a Self Employed of 2.6% which is the smallest when ranked by percentage of people self employed of all the other places in the greater region. The place with the highest percentage of people self employed in the area is Raft Island CDP which depicts a percentage self employed of 24.1% ( substantially bigger).

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 $125,067 of the total and is ranked #1. Second, 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 when ranked by median income-25 to 44 years at $76,389 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $81,250 of the total and is ranked #2. The only larger place being Rosedale CDP with $95,848.

Figure 9 breaks down the source of income and Stansberry Lake CDP has the largest proportion of social security at 0.9% 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 22.3% which is the second smallest as measured by households with retirement income of all the other places in the metropolitan area. The place with the highest households with retirement income in the area is Rosedale CDP which shows a households with retirement income of 37.1% (66.5% 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 $120,764 of the total and is ranked #3. Only #2 Vaughn CDP ($138,750), and #1 Raft Island CDP ($214,167) 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. Stansberry Lake CDP depicts it has the hightest cost of 115.1 for the cost of healthcare group.

Stansberry Lake 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 depicts that from February 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 11.3% to 5.0% in February 2020. This represents a decrease in the monthly unemployment rate of 55.8%. Since that time, the monthly unemployment rate has gone to 6.9% This represents an increase in the monthly unemployment rate of 38.0%. 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 disasterous COVID-19 Pandemic the monthly labor force participation went from 17,002 to 18,694 in February 2020. This represents an increase in the monthly labor force participation of 10.0%. Since that time, the monthly labor force participation has gone to 19,430 This represents an increase in the monthly labor force participation of 3.9%.

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 Stansberry Lake CDP depicts it has a Unemployment Rate of 4.8% which is the second most unemployment rate of all the places in the greater Stansberry Lake CDP region. The place with the highest unemployment rate in the area is Vaughn CDP which depicts a rate of 5.8% (20.7% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Stansberry Lake CDP depicts it has a Labor Force Participation of 64.8% which is the third most of all other places in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Stansberry Lake CDP shows full time employees approximately 2.5 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 Stansberry Lake CDP area. Stansberry Lake CDP shows it has a Single Earner Families of 31.0% which is in the mid point range of other places in the local area. The place with the highest families with a single earner in the area is Key Center CDP which shows a single earners rate of 38.4% (24.1% larger). The percentage of families with no one working is depicted in Figure 22. Stansberry Lake CDP shows it has a Families with No One Working of 17.6% which is less than most other places in the local area. The place with the highest families with no one working in the area is Raft Island CDP which depicts a families with no worker of 27.2% (54.7% larger).

Stansberry Lake CDP Washington Poverty Charts

The next section details economy analysis about poverty for residents of the Stansberry Lake 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. Stansberry Lake CDP depicts it has a Total In Poverty of 136 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 Wauna CDP which depicts a total people earning less than the poverty level of 413 (approximately 3.0 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Stansberry Lake CDP indicates it has a Percent of Population In Poverty of 5.2% which is the second smallest in terms of 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 Burley CDP which shows a percent of people in poverty of 17.4% (approximately 3.4 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Stansberry Lake CDP has the percentage of person in poverty under 12 years less than most other places in the greater region at 6% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 54% of the total and is ranked #1. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 29% of the total and is ranked #2. The only larger place being Raft Island CDP with 43%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Stansberry Lake CDP has the percentage of less than highschool in poverty less than most 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. Stansberry Lake CDP has the percentage of people who are in poverty and employed less than most other places in the surrounding region at 5.9% of the total. Second, it has the second smallest in terms of people who are in poverty and employed of all the other places in the metro area in terms of people who are in poverty and unemployed at 11.8% 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.) Stansberry Lake CDP shows it has a Public Assistance Percent of 16.7% which is the largest of all places in the greater Stansberry Lake CDP region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Stansberry Lake CDP shows it has a Gini Index of 35.4% which is the second smallest in terms of the gini index of all the other places in the local area.

Stansberry Lake CDP Washington Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Stansberry Lake CDP has the smallest proportion of people who leave for work between 8am to 830am 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. Stansberry Lake CDP has the percentage of people with commute time of less than 5 minutesutes less than most other places in the surrounding region at 2% of the total. Second, it has in the center range of other places in the metropolitan area when sorted by people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the metro area in order of people with commute time between 10 to 14 minutes at 5% of the total. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 20% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 35 to 39 minutes at 15% of the total and is ranked #1.

The average commute time is shown in Figure 37. Stansberry Lake CDP shows it has a Avg Commute Time of 37 which is the third most of all other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Stansberry Lake CDP depicts average commute time in minutes for men 54.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Stansberry Lake CDP has the largest proportion of no vehicle available at 12% of the total and is ranked #1. Second, it has one of the largest proportions of 1 vehicle available at 34% of the total and is ranked #3. Only #2 Wauna CDP (41%), and #1 Rosedale CDP (45%) are larger. Third, it has one of the largest proportions of 2 vehicles available at 38% of the total and is ranked #2. The only larger place being Vaughn CDP with 39%. Also, it has the smallest proportion of 3 vehicles available at 2% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Stansberry Lake CDP depicts it has a Work in city or place where live of 11% which is in the mid range of other places in the surrounding region. The place with the highest people who both work and live in the same city in the area is Wauna CDP which depicts a people who both work and live in the same city of 17% (57.1% larger). Comparing people who both work and live in the same city to the United States average of 42%, Stansberry Lake CDP is approximately a quarter the size. Also, benchmarked against the state of Washington, people who both work and live in the same city of 37%, Stansberry Lake CDP is approximately a third the size.

Stansberry Lake 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. Stansberry Lake CDP depicts it has the hightest median earnings of $88,817 for the earnings-natural resources, construction, maintenance occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Stansberry Lake CDP depicts it has the hightest median earnings of $45,357 for the earnings-sales and office occupations grouping. The table in Figure 48, shows Stansberry Lake CDP employment data in terms of job categories and salary data.

Stansberry Lake 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. Stansberry Lake CDP shows it has the hightest entrepreneurs of 100% for the self employed in service businesses group.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Stansberry Lake CDP depicts total number of self-employed men approximately half the size as the total number of self-employed women.