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Riceville Demographic Profile

The population in ZCTA 37370 was 4,962 per American Community Survey data for 2014-2018. 

The region has a civilian labor force of 2,308 with a participation rate of 55.3%. Of individuals 25 to 64 in ZCTA 37370, 12.1% have a bachelor’s degree or higher which compares with 32.9% in the nation. 

The median household income in ZCTA 37370 is $46,622 and the median house value is $134,000. 

Summary1

 

Percent

Value

 

ZCTA 37370

Tennessee

USA

ZCTA 37370

Tennessee

USA

Demographics

Population (ACS)

4,962

6,651,089

322,903,030

Male

49.1%

48.8%

49.2%

2,435

3,243,678

158,984,190

Female

50.9%

51.2%

50.8%

2,527

3,407,411

163,918,840

Median Age2

46.0

38.7

37.9

Under 18 Years

17.9%

22.6%

22.8%

886

1,501,394

73,553,240

18 to 24 Years

9.0%

9.3%

9.6%

449

618,989

30,903,719

25 to 34 Years

10.0%

13.4%

13.8%

495

893,011

44,567,976

35 to 44 Years

11.5%

12.6%

12.6%

570

838,176

40,763,210

45 to 54 Years

16.9%

13.4%

13.2%

838

890,255

42,589,573

55 to 64 Years

17.3%

13.0%

12.8%

856

864,051

41,286,731

65 to 74 Years

9.5%

9.4%

8.8%

470

625,727

28,535,419

75 Years, and Over

8.0%

6.3%

6.4%

398

419,486

20,703,162

Race: White

98.8%

77.7%

72.7%

4,904

5,166,231

234,904,818

Race: Black or African American

0.3%

16.8%

12.7%

17

1,117,489

40,916,113

Race: American Indian and Alaska Native

0.3%

0.3%

0.8%

14

17,848

2,699,073

Race: Asian

0.0%

1.7%

5.4%

0

112,915

17,574,550

Race: Native Hawaiian and Other Pacific Islander

0.0%

0.1%

0.2%

0

3,806

582,718

Race: Some Other Race

0.4%

1.4%

4.9%

21

90,666

15,789,961

Race: Two or More Races

0.1%

2.1%

3.2%

6

142,134

10,435,797

Hispanic or Latino (of any race)

5.5%

5.3%

17.8%

271

352,402

57,517,935

Economic

Labor Force Participation Rate and Size (civilian population 16 years and over)5

55.3%

61.1%

63.2%

2,308

3,239,353

162,248,196

Prime-Age Labor Force Participation Rate and Size (civilian population 25-54)5

73.2%

79.4%

81.8%

1,393

2,071,662

104,136,254

Armed Forces Labor Force5

0.0%

0.3%

0.4%

0

18,045

1,028,133

Veterans, Age 18-645

3.0%

5.6%

4.7%

97

229,014

9,398,789

Veterans Labor Force Participation Rate and Size, Age 18-645

63.9%

72.7%

76.3%

62

166,412

7,168,168

Median Household Income2,5

$46,622

$50,972

$60,293

Per Capita Income5

$22,872

$28,511

$32,621

Mean Commute Time (minutes)5

21.8

25.0

26.6

Commute via Public Transportation5

0.5%

0.7%

5.0%

11

21,786

7,602,145

Educational Attainment, Age 25-64

No High School Diploma

12.2%

10.9%

11.2%

337

380,854

18,885,967

High School Graduate

44.4%

31.7%

25.8%

1,224

1,103,937

43,699,272

Some College, No Degree

23.5%

21.4%

21.0%

648

744,332

35,525,113

Associate's Degree

7.8%

7.9%

9.1%

216

275,418

15,389,737

Bachelor's Degree

7.5%

18.3%

20.8%

206

636,583

35,261,652

Postgraduate Degree

4.6%

9.9%

12.1%

128

344,369

20,445,749

Housing

Total Housing Units

2,196

2,930,530

136,384,292

Median House Value (of owner-occupied units)2

$134,000

$158,600

$204,900

Homeowner Vacancy

3.6%

1.7%

1.7%

60

29,572

1,304,850

Rental Vacancy

11.5%

7.0%

6.0%

41

66,691

2,822,053

Renter-Occupied Housing Units (% of Occupied Units)

16.5%

33.7%

36.2%

316

865,902

43,285,318

Occupied Housing Units with No Vehicle Available (% of Occupied Units)5

0.0%

5.9%

8.7%

0

151,711

10,424,934

Social

Poverty Level (of all people)5

14.0%

16.1%

14.1%

682

1,046,508

44,257,979

Households Receiving Food Stamps/SNAP

17.5%

14.8%

12.2%

335

379,325

14,635,287

Enrolled in Grade 12 (% of total population)

0.9%

1.3%

1.4%

47

86,956

4,442,295

Disconnected Youth3,5

14.4%

2.2%

2.6%

24

7,433

438,452

Children in Single Parent Families (% of all children)5

22.1%

36.7%

34.3%

169

515,536

23,973,249

Uninsured

14.0%

10.1%

9.4%

692

660,872

29,752,767

With a Disability, Age 18-645

14.1%

13.5%

10.3%

453

545,168

20,240,504

With a Disability, Age 18-64, Labor Force Participation Rate and Size5

23.8%

36.6%

41.6%

108

199,539

8,421,018

Foreign Born

1.5%

5.0%

13.5%

72

334,062

43,539,499

Speak English Less Than Very Well (population 5 yrs and over)

1.5%

2.9%

8.5%

71

182,632

25,647,781

Source: JobsEQ®

1. American Community Survey 2014-2018, unless noted otherwise

2. Median values for certain aggregate regions (such as MSAs) may be estimated as the weighted averages of the median values from the composing counties.

3. Disconnected Youth are 16-19 year olds who are (1) not in school, (2) not high school graduates, and (3) either unemployed or not in the labor force.

4. Census 2019, annual average growth rate since 2009

5. See Rio Arriba errata note in the Data Dictionary.

Employment Trends

As of 2019Q4, total employment for ZCTA 37370 was 408 (based on a four-quarter moving average). Over the year ending 2019Q4, employment increased 2.3% in the region. 

pastedGraphic.png

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q2 with preliminary estimates updated to 2019Q4. 

Wage Trends

The average worker in ZCTA 37370 earned annual wages of $35,779 as of 2019Q4. Average annual wages per worker increased 3.6% in the region over the preceding four quarters. For comparison purposes, annual average wages were $57,413 in the nation as of 2019Q4.

pastedGraphic_1.png

Annual average wages per worker data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q2 with preliminary estimates updated to 2019Q4.

 

Cost of Living Index

The Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power.  The cost of living is 17.9% lower in ZCTA 37370 than the U.S. average.  

Cost of Living Information

 

Annual Average Salary

Cost of Living Index (Base US)

US Purchasing Power

ZCTA 37370

$35,779

82.1

$43,582

Tennessee

$50,143

88.9

$56,383

USA

$57,413

100.0

$57,413

Source: JobsEQ®

Data as of 2019Q4

Cost of Living per C2ER, data as of 2019q4, imputed by Chmura where necessary.

Industry Snapshot

The largest sector in ZCTA 37370 is Agriculture, Forestry, Fishing and Hunting, employing 72 workers. The next-largest sectors in the region are Educational Services (64 workers) and Administrative and Support and Waste Management and Remediation Services (47). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Agriculture, Forestry, Fishing and Hunting (LQ = 13.24), Other Services (except Public Administration) (2.33), and Educational Services (1.93).

pastedGraphic_2.png

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q2 with preliminary estimates updated to 2019Q4. 

Sectors in ZCTA 37370 with the highest average wages per worker are Finance and Insurance ($71,176), Utilities ($66,964), and Real Estate and Rental and Leasing ($64,354). Regional sectors with the best job growth (or most moderate job losses) over the last 5 years are Agriculture, Forestry, Fishing and Hunting (+39 jobs), Administrative and Support and Waste Management and Remediation Services (+25), and Retail Trade (+16).

Over the next 1 year, employment in ZCTA 37370 is projected to expand by 1 jobs. The fastest growing sector in the region is expected to be Professional, Scientific, and Technical Services with a +1.4% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Agriculture, Forestry, Fishing and Hunting (0 jobs), Educational Services (0), and Administrative and Support and Waste Management and Remediation Services (0).

 

Current

5-Year History

1-Year Forecast

NAICS

Industry

Empl

Avg Ann Wages

LQ

Empl Change

Ann %

Total Demand

Exits

Transfers

Empl Growth

Ann % Growth

11

Agriculture, Forestry, Fishing and Hunting

72

$11,494

13.24

39

17.1%

8

3

4

0

-0.1%

61

Educational Services

64

$37,809

1.93

4

1.2%

6

3

3

0

-0.5%

56

Administrative and Support and Waste Management and Remediation Services

47

$29,891

1.82

25

16.0%

6

2

3

0

0.7%

81

Other Services (except Public Administration)

42

$16,396

2.33

14

8.4%

5

2

3

0

0.4%

44

Retail Trade

38

$26,082

0.90

16

11.4%

5

2

3

0

0.3%

48

Transportation and Warehousing

32

$55,761

1.71

4

2.5%

3

1

2

0

0.2%

31

Manufacturing

29

$61,364

0.87

-2

-1.6%

3

1

2

0

0.0%

62

Health Care and Social Assistance

27

$39,430

0.46

-1

-0.8%

3

1

1

0

0.7%

23

Construction

18

$38,284

0.77

11

20.5%

2

1

1

0

1.2%

52

Finance and Insurance

13

$71,176

0.81

2

2.8%

1

0

1

0

1.1%

42

Wholesale Trade

10

$45,039

0.67

-12

-14.5%

1

0

1

0

0.0%

54

Professional, Scientific, and Technical Services

10

$42,686

0.38

1

2.0%

1

0

1

0

1.4%

22

Utilities

3

$66,964

1.30

0

-1.6%

0

0

0

0

0.2%

53

Real Estate and Rental and Leasing

1

$64,354

0.08

-3

-30.9%

0

0

0

0

0.8%

71

Arts, Entertainment, and Recreation

1

$17,668

0.11

0

4.2%

0

0

0

0

0.4%

72

Accommodation and Food Services

0

n/a

0.00

-1

n/a

0

0

0

0

0.6%

 

Total - All Industries

408

$35,779

1.00

95

5.5%

46

19

25

1

0.3%

Source: JobsEQ®

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q2 with preliminary estimates updated to 2019Q4. Forecast employment growth uses national projections adapted for regional growth patterns.

Occupation Snapshot

The largest major occupation group in ZCTA 37370 is Management Occupations, employing 78 workers. The next-largest occupation groups in the region are Education, Training, and Library Occupations (50 workers) and Office and Administrative Support Occupations (47). High location quotients (LQs) indicate occupation groups in which a region has high concentrations of employment compared to the national average. The major groups with the largest LQs in the region are Management Occupations (LQ = 3.08), Farming, Fishing, and Forestry Occupations (2.53), and Education, Training, and Library Occupations (2.20).

Occupation groups in ZCTA 37370 with the highest average wages per worker are Legal Occupations ($95,300), Management Occupations ($73,300), and Architecture and Engineering Occupations ($70,700). The unemployment rate in the region varied among the major groups from 0.8% among Management Occupations to 3.6% among Food Preparation and Serving Related Occupations.

Over the next 1 year, the fastest growing occupation group in ZCTA 37370 is expected to be Computer and Mathematical Occupations with a +1.2% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Management Occupations (0 jobs) and Education, Training, and Library Occupations (0). Over the same period, the highest separation demand (occupation demand due to retirements and workers moving from one occupation to another) is expected in Management Occupations (6 jobs) and Office and Administrative Support Occupations (5).

ZCTA 37370, 2019Q41

 

Current

5-Year History

1-Year Forecast

SOC

Occupation

Empl

Avg Ann Wages2

LQ

Unempl

Unempl Rate

Online Job Ads3

Empl Change

Ann %

Total Demand

Exits

Transfers

Empl Growth

Ann % Growth

11‑0000

Management

78

$73,300

3.08

1

0.8%

n/a

37

13.7%

6

4

2

0

0.1%

25‑0000

Education, Training, and Library

50

$46,700

2.20

1

1.8%

1

6

2.6%

4

2

2

0

-0.2%

43‑0000

Office and Administrative Support

47

$33,000

0.81

7

2.4%

1

7

3.3%

5

2

3

0

-0.4%

41‑0000

Sales and Related

36

$33,900

0.90

6

3.2%

3

9

5.6%

5

2

3

0

0.5%

53‑0000

Transportation and Material Moving

34

$32,200

1.21

8

3.1%

4

6

3.5%

4

2

2

0

0.5%

51‑0000

Production

26

$37,700

1.08

13

2.7%

1

1

0.9%

3

1

2

0

0.0%

37‑0000

Building and Grounds Cleaning and Maintenance

25

$27,200

1.78

2

3.0%

n/a

9

8.9%

3

1

2

0

0.8%

47‑0000

Construction and Extraction

15

$39,500

0.78

3

3.0%

n/a

8

16.7%

2

1

1

0

1.1%

49‑0000

Installation, Maintenance, and Repair

13

$42,900

0.85

2

1.6%

1

2

2.6%

1

0

1

0

0.5%

39‑0000

Personal Care and Service

12

$24,300

0.69

1

2.3%

1

-4

-5.9%

2

1

1

0

0.9%

13‑0000

Business and Financial Operations

10

$55,400

0.47

0

n/a

n/a

2

5.4%

1

0

1

0

0.9%

21‑0000

Community and Social Service

10

$39,400

1.47

0

n/a

n/a

3

6.8%

1

0

1

0

0.6%

29‑0000

Healthcare Practitioners and Technical

9

$66,900

0.37

1

1.0%

n/a

3

7.2%

1

0

0

0

0.5%

35‑0000

Food Preparation and Serving Related

8

$21,600

0.24

8

3.6%

n/a

2

6.3%

1

1

1

0

0.1%

27‑0000

Arts, Design, Entertainment, Sports, and Media

7

$37,200

0.99

0

n/a

n/a

2

6.3%

1

0

0

0

0.6%

45‑0000

Farming, Fishing, and Forestry

7

$31,100

2.53

0

n/a

n/a

3

11.3%

1

0

1

0

-0.4%

31‑0000

Healthcare Support

6

$27,900

0.57

1

2.0%

2

1

2.9%

1

0

0

0

0.5%

33‑0000

Protective Service

5

$39,500

0.59

1

1.9%

n/a

1

6.7%

1

0

0

0

0.5%

15‑0000

Computer and Mathematical

4

$59,300

0.32

0

n/a

n/a

0

-1.6%

0

0

0

0

1.2%

17‑0000

Architecture and Engineering

3

$70,700

0.38

0

n/a

n/a

-1

-4.1%

0

0

0

0

0.9%

19‑0000

Life, Physical, and Social Science

1

$56,500

0.25

0

n/a

n/a

0

4.0%

0

0

0

0

0.4%

23‑0000

Legal

1

$95,300

0.26

0

n/a

n/a

0

3.3%

0

0

0

0

0.7%

 

Total - All Occupations

408

$40,200

1.00

55

2.5%

14

95

5.5%

43

20

22

1

0.3%

Source: JobsEQ®

Data as of 2019Q4 unless noted otherwise

Note: Figures may not sum due to rounding.

1. Data based on a four-quarter moving average unless noted otherwise.

2. Wage data are as of 2018 and represent the average for all Covered Employment

3. Data represent found online ads active within the last thirty days in the selected region; data represents a sampling rather than the complete universe of postings. Ads lacking zip code information but designating a place (city, town, etc.) may be assigned to the zip code with greatest employment in that place for queries in this analytic. Due to alternative county-assignment algorithms, ad counts in this analytic may not match that shown in RTI (nor in the popup window ad list).

Occupation employment data are estimated via industry employment data and the estimated industry/occupation mix. Industry employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and currently updated through 2019Q2, imputed where necessary with preliminary estimates updated to 2019Q4. Wages by occupation are as of 2018 provided by the BLS and imputed where necessary. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns. 

Industry Clusters

A cluster is a geographic concentration of interrelated industries or occupations. The industry cluster in ZCTA 37370 with the highest relative concentration is Agricultural with a location quotient of 13.49. This cluster employs 69 workers in the region with an average wage of $9,787. Employment in the Agricultural cluster is projected to contract in the region about 0.0% per year over the next ten years. 

pastedGraphic_3.png

Location quotient and average wage data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics, imputed where necessary, and updated through 2019Q2 with preliminary estimates updated to 2019Q4. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.

Education Levels

Expected growth rates for occupations vary by the education and training required. While all employment in ZCTA 37370 is projected to grow 0.3% over the next ten years, occupations typically requiring a postgraduate degree are expected to grow 0.2% per year, those requiring a bachelor’s degree are forecast to grow 0.3% per year, and occupations typically needing a 2-year degree or certificate are expected to grow 0.6% per year. 

pastedGraphic_4.png

Employment by occupation data are estimates are as of 2019Q4. Education levels of occupations are based on BLS assignments. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.

ZCTA 37370 Regional Map

pastedGraphic_5.png

FAQ

What is a location quotient?

A location quotient (LQ) is a measurement of concentration in comparison to the nation. An LQ of 1.00 indicates a region has the same concentration of an industry (or occupation) as the nation. An LQ of 2.00 would mean the region has twice the expected employment compared to the nation and an LQ of 0.50 would mean the region has half the expected employment in comparison to the nation.

What is separation demand?

Separation demand is the number of jobs required due to separations—labor force exits (including retirements) and turnover resulting from workers moving from one occupation into another. Note that separation demand does not include all turnover—it does not include when workers stay in the same occupation but switch employers. The total projected demand for an occupation is the sum of the separation demand and the growth demand (which is the increase or decrease of jobs in an occupation expected due to expansion or contraction of the overall number of jobs in that occupation).

What is a cluster?

A cluster is a geographic concentration of interrelated industries or occupations. If a regional cluster has a location quotient of 1.25 or greater, the region is considered to possess a competitive advantage in that cluster. 

What is the difference between industry wages and occupation wages? 

Industry wages and occupation wages are estimated via separate data sets, often the time periods being reported do not align, and wages are defined slightly differently in the two systems (for example, certain bonuses are included in the industry wages but not the occupation wages). It is therefore common that estimates of the average industry wages and average occupation wages in a region do not match exactly. 

What is NAICS?

The North American Industry Classification System (NAICS) is used to classify business establishments according to the type of economic activity. The NAICS Code comprises six levels, from the “all industry” level to the 6-digit level. The first two digits define the top level category, known as the “sector,” which is the level examined in this report. 

What is SOC?

The Standard Occupational Classification system (SOC) is used to classify workers into occupational categories. All workers are classified into one of over 820 occupations according to their occupational definition. To facilitate classification, occupations are combined to form 23 major groups, 96 minor groups, and 449 occupation groups. Each occupation group includes detailed occupations requiring similar job duties, skills, education, or experience. 

 

 

 

About This Report

This report and all data herein were produced by JobsEQ®, a product of Chmura Economics & Analytics. The information contained herein was obtained from sources we believe to be reliable. However, we cannot guarantee its accuracy and completeness. 



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