Wollochet CDP Washington Income Charts

This section shows the Wollochet 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, Wollochet CDP shows it has a Median earnings of $77,500 which is in the mid point range of other places in the greater region. The place with the highest median earnings per worker in the area is Fox Island CDP which shows a median earnings of $90,450 (16.7% larger). Comparing median earnings per worker to the United States average of $49,041, Wollochet CDP is 58.0% larger. Also, measured against the state of Washington, median earnings per worker of $56,651, Wollochet CDP is 36.8% 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 $99,077 which is in the intermediate range of other places in the area. The place with the highest median household income in the area is Artondale CDP which shows a median income of $110,651 (11.7% larger). Comparing median household income to the United States average of $62,843, Wollochet CDP is 57.7% larger. Also, compared with the state of Washington, median household income of $73,775, Wollochet CDP is 34.3% larger.

The next section examines a variety of different income statistics for the Wollochet CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $15,000 and $19,999 at 16.3% of the total. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 17.1% of the total and is ranked #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 38.1 which is in the mid range of other places in the local area. The place with the highest average hours in the area is Fircrest which depicts an average hours of 39.7 (only about 4.2% 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 $39.12 which is in the middle range of other places in the surrounding region. The place with the highest average hourly earnings in the area is Fox Island CDP which shows an average hourly earnings of $46.26 (18.3% larger). Comparing average hourly earnings to the United States average of $24.31, Wollochet CDP is 60.9% larger. Also, compared to the state of Washington, average hourly earnings of $28.22, Wollochet CDP is 38.6% larger.

Figure 7 examines the number of self employed people in the Wollochet CDP metro area based on the number of people who reported any self employment income. Wollochet CDP shows it has a Self Employed of 14.1% which is the third most people self employed of all other places in the greater Wollochet CDP region. The place with the highest percentage of people self employed in the area is Rosedale CDP which shows a percentage self employed of 19.7% (40.2% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the metro area at $98,250 of the total. Second, it has less than most other places in the area in order of median income-25 to 44 years at $121,607 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $89,286 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 Wollochet CDP has the largest proportion of self employment income at 25.4% 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 28.8% which is less than most other places in the metro area. The place with the highest households with retirement income in the area is Rosedale CDP which depicts a households with retirement income of 37.1% (28.7% 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 $124,630 of the total and is ranked #2. The only larger place being Fox Island CDP with $133,750. Second, it has one of the largest proportions of american indian family income at $133,690 of the total and is ranked #3. Only #2 Artondale CDP ($146,848), and #1 Ruston ($250,001) 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. Wollochet CDP depicts it has the hightest cost of 209.1 for the cost of housing grouping.

Wollochet 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 January 2006 to before the disasterous COVID Pandemic the monthly unemployment rate went from 4.7% to 4.4% in March 2020. This represents a decrease in the monthly unemployment rate of 6.4%. Since that time, the monthly unemployment rate has gone to 6.7% This represents an increase in the monthly unemployment rate of 52.3%. 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 Coronavirus Pandemic the monthly labor force participation went from 16,163 to 18,169 in February 2020. This represents an increase in the monthly labor force participation of 12.4%. Since that time, the monthly labor force participation has gone to 18,439 This represents an increase 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 Wollochet CDP depicts it has a Unemployment Rate of 2.0% which is less than most other places in the local area. The place with the highest unemployment rate in the area is Fircrest which depicts a rate of 3.4% (70.4% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Wollochet CDP shows it has a Labor Force Participation of 55.8% which is less than most other places in the greater region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Wollochet CDP depicts full time employees approximately 2.9 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 Wollochet CDP area. Wollochet CDP depicts it has a Single Earner Families of 25.0% which is the second smallest in terms of families with a single earner of all the other places in the local area. The place with the highest families with a single earner in the area is Fox Island CDP which depicts a single earners rate of 42.5% (69.9% larger). The percentage of families with no one working is depicted in Figure 22. Wollochet CDP depicts it has a Families with No One Working of 24.7% which is more than all other places in the metro area.

Wollochet CDP Washington Poverty Charts

The next section details economy analysis about poverty for residents of the Wollochet 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. Wollochet CDP depicts it has a Total In Poverty of 139 which is the second smallest when sorted by total people earning less than the poverty level of all the other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is Artondale CDP which depicts a total people earning less than the poverty level of 920 ( 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. Wollochet CDP shows it has a Percent of Population In Poverty of 2.2% which is the smallest in order 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 Rosedale CDP which shows a percent of people in poverty of 7.4% (approximately 3.3 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Wollochet CDP has the largest proportion of person in poverty 12 to 17 years at 76% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 18 to 34 years at 5% of the total. Third, it has less than most other places in the surrounding region in terms of person in poverty 35 to 54 years at 10% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Wollochet CDP has one of the largest proportions of white poverty rate at 16% of the total and is ranked #2. The only larger place being Gig Harbor with 22%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Wollochet CDP has the smallest proportion of highschool graduate and in poverty at 1% 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. Wollochet CDP has one of the largest proportions of people who are in poverty and unemployed at 38.8% of the total and is ranked #3. Only #2 Fox Island CDP (39.5%), and #1 Ruston (63.5%) are larger. 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.) Wollochet CDP depicts it has a Public Assistance Percent of 3.7% which is the second smallest when sorted by households with public assistance of all the other places in the metropolitan area. The place with the highest households with public assistance in the area is Fircrest which depicts a households with public assistance of 8.7% (approximately 2.4 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Wollochet CDP shows it has a Gini Index of 42.2% which is less than most other places in the greater region.

Wollochet CDP Washington Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Wollochet CDP or elsewhere.) Wollochet CDP has the largest proportion of people who take the bus at 2% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Wollochet CDP has the smallest proportion of people who leave for work between 12am to 5am at 1% of the total. Second, it has the largest proportion of people who leave for work between 5am to 530am at 11% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 7am to 730am at 14% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 830 am to 9am at 1% of the total. In addition, it has the smallest proportion of people who leave for work between 11am to 12noon at 4% of the total. Furthermore, it has the smallest proportion of people who leave for work between 12noon to 4pm at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Wollochet CDP has the largest proportion of people with commute time of less than 5 minutesutes at 13% of the total and is ranked #1. Second, it has the smallest proportion of people with commute time between 35 to 39 minutes at 1% of the total.

The average commute time is shown in Figure 37. Wollochet CDP shows it has a Avg Commute Time of 28 which is less than most other places in the metropolitan area. Figure 38 shows the difference between male versus female commuting time. Wollochet CDP shows average commute time in minutes for men about 10.3% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Wollochet CDP has the percentage of no vehicle available in the mid point range of other places in the greater region at 12% of the total. Second, it has one of the largest proportions of 1 vehicle available at 48% of the total and is ranked #3. Only #2 Ruston (52%), and #1 Fircrest (56%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Wollochet CDP shows it has a Work in city or place where live of 20% which is the third most people who both work and live in the same city of all other places in the greater Wollochet CDP region. The place with the highest people who both work and live in the same city in the area is Gig Harbor which depicts a people who both work and live in the same city of 37% (about twice as large). Comparing people who both work and live in the same city to the United States average of 42%, Wollochet 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%, Wollochet CDP is approximately half the size.

Wollochet 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. Wollochet CDP depicts it has the hightest median earnings of $150,268 for the earnings-sales and office occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Wollochet CDP shows it has the hightest median earnings of $94,784 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Wollochet CDP employment data in terms of job categories and salary data.

Wollochet 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. Wollochet CDP depicts it has the hightest entrepreneurs of 39% for the self employed management, business, science, and arts businesses group.

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. Wollochet CDP depicts it has the hightest entrepreneurs of 38% for the self employed in educational services, health care and social assistance group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Wollochet CDP indicates it has a Self Employment Income of $28,564 which is the second smallest in order of average annual self employment income of all the other places in the metropolitan area. The place with the highest average annual self employment income in the area is Ruston which depicts an average annual self employment income of $136,923 (approximately 4.8 times bigger). Comparing average annual self employment income to the United States average of $39,154, Wollochet CDP is approximately three-fourths the size. Also, compared to the state of Washington, average annual self employment income of $39,075, Wollochet 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.) Wollochet CDP depicts total number of self-employed men only slightly larger as the total number of self-employed women.