For example, most of us, if we've thought about it at all, realize that the biggest industry in Hudson, the one that employs the most people, is Health Care & Social Assistance, but we probably did not know that the income inequality--that is, the gender pay gap--is greater here than the national average. The average income for males in Hudson is 1.3 times higher than the average income for females.
The statistics are from 2017, so things have undoubtedly changed some in our ever evolving city, but there is much of interest and of relevance for community discussions and planning to be found here. To access it, click here.
COPYRIGHT 2020 CAROLE OSTERINK
Nearly 20% poverty rate. National average is only 11%. That's bad.
ReplyDeleteI am pleased to see a discussion about the state of Hudson happening around data.
ReplyDeleteI wanted to share the data from Joe Czajka’s presentation at the first event in last years FUTURE HUDSON series.
His talk was titled, “Demographics, Housing and the Economy in the Hudson Valley” and it was eye - opening for me.
You can watch our first event on urban planning here:
https://www.futurehudson.com
You can access the PDF here:
https://www.dropbox.com/s/yi6h5wryepvunmy/Hudson%20and%20Demographics%20for%20April%2020.pdf?dl=0
Some key data points from his talk:
A SHRINKING & AGING POPULATION
Between 2000 and 2017 Hudson already experienced the largest population decline in the County.
Between 2017 and 2040, Columbia County is projected to lose:
23% of residents 0 and 19 years old
29% of residents 20 to 34 years old
14% of residents 35 to 49 years old
27% of residents 50 to 64
AND GAIN
33% more residents 65 and over
(This has been called The Silver Tsunami)
WE ARE ALL SMALL BUSINESS
A stunning 80% of all business establishments have less than 10 employees. All told, 91% have less than 20 employees.
INTRODUCING A.L.I.C.E
Asset Limited, Income Constrained, Employed.
Developed by the United Way, this profile highlights those above the poverty level but unable to afford barebones household budget.
> 65% of ALICE and Poverty Households in Hudson
From The United Way:
“ALICE earns above the Federal Poverty Level, but does not earn enough to afford a bare-
bones household budget of housing, child care, food, transportation, health care, and
necessary technology.
The ALICE Report uses standard measurements to quantify the
cost of a basic household budget in each county and shows how
many households are struggling.”
AFFORDABILITY
The annual income required to afford a median priced home ($239k) is $85k.
The average wages for the most common jobs in the County:
Retail Trade employs 2,688 > $29k
Food & Bev Stores employ 742 > $23k
Food Service employs 1,618 > $20k
Nursing employs 1,476 > $36k
Local Government employs 3,516 > $42k
Construction employs 1,097 > $45k
Manufacturing employs 1,479 > $49k
According to this, in the City of Hudson:
> 42.2% of renter households are cost burdened (779 households)
> 36.5% of owner households are cost burdened (345 households)