Our Economy

Economy of Hopetopia

Our economy is a dynamic economy with a mix of industrial manufacturing, technology companies, colleges and universities, and a growing non-profit sector. On this page, you can find a summary of the income, educational background, housing, and other information about Hopetopia’s economy.

Household Income

Table 1 summarizes the income distribution, employment rates, and poverty levels in each ward of Hopetopia. While generally our city is productive and prosperous, like many cities, we have many citizens in need.

Table 1: Household Income, Employment, and Poverty
Northwest Northeast Southwest Southeast
HH Income (Avg.) 84,974 86,241 74,017 95,072
Income from Wages (Avg.) 42,782 43,230 41,143 45,988
< $20,000 (%) 11 12 16 8
$20K to $40K (%) 16 16 19 14
$40K to $60K (%) 16 16 16 15
$60K to $80K (%) 14 13 13 14
$80K to $100K (%) 11 10 9 12
$ > $100,000 (%) 33 33 28 37
Inc Relative to Poverty 289 278 261 322
< Poverty Line (%) 18 20 24 12
< 150% of Poverty Line (%) 27 29 33 19
Employed (%) 45 43 41 48
Unemployed (%) 2 2 3 2
Not in Labor Force (%) 36 36 38 33
Hours Worked Per Week (Avg.) 39 39 39 39
People per Sq. Mile 726 1245 541 589
Population of Ward 179,271 199,520 167,608 178,871

Education levels

Table 2 provides a breakdown of the educational attainment of Hopetopians. Each row indicates the highest degree completed to provide a sense of the education levels of Hopetopia’s workforce. This information is important for employers considering the availability of skills, knowledge, and abilities in the pool of potential workers.

Table 2: Educational Attainment
Northwest Northeast Southwest Southeast
< HS diploma (%) 29 33 32 27
HS diploma (%) 25 22 25 25
Some College (%) 20 21 19 19
Associate’s Degree (%) 7 6 6 8
Bachelor’s Degree (%) 12 12 11 14
Graduate Degree (%) 7 7 7 8
People per Sq. Mile 726 1245 541 589
Population of Ward 179,271 199,520 167,608 178,871

Commuters

Table 3 summarizes how Hopetopians get to work. The first row provides the share of Hopetopians who commute to another ward or outside the city for work, while the remainder work within their ward. This information can be useful for thinking about transit needs for Hopetopia.

Table 3: Commuters by Mode of Transit
Northwest Northeast Southwest Southeast
Commutes (%) 44 42 41 47
Carpools (%) 4 5 4 4
Takes Personal Vehicle (%) 39 38 38 42
Takes Bus (%) 3 2 2 5
Takes Bike (%) 2 0 1 1
Walks to Work (%) 1 1 1 1
Works from Home 2 2 1 3
Time Spent Commuting (Avg. Mins) 23 23 23 24
Number of Vehicles (Avg.) 2 2 2 2
People per Sq. Mile 726 1245 541 589
Population of Ward 179,271 199,520 167,608 178,871

Housing

Table 4 provides an overview of homeownership versus renters in Hopetopia, as well as information about the property tax and rent burden in the city.

Table 4: Housing
Northwest Northeast Southwest Southeast
Renter (%) 24 29 30 20
Homeowner (%) 70 65 63 76
Rent (Avg.) 784 893 648 865
Home Value (Avg.) 234,346 267,438 174,172 278,281
Property Tax < $1K (%) 20 16 33 14
Property Tax < $2K (%) 17 15 19 17
Property Tax < $3K (%) 12 10 4 15
Property Tax < $4K (%) 8 7 2 11
Property Tax < $5K (%) 5 5 2 7
Property Tax < $6K (%) 4 3 1 5
Property Tax < $7K (%) 2 3 1 3
Property Tax > $7K (%) 3 6 1 5
People per Sq. Mile 726 1245 541 589
Population of Ward 179,271 199,520 167,608 178,871

Federal Program Participation

Table 5 provides a breakdown of the share of Hopetopians receiving public health insurance (Medicare or Medicaid) and the share participating in the food stamp program.

Table 5: Federal Program Participation
Northwest Northeast Southwest Southeast
No Health Insurance (%) 8 11 10 6
Public Health Insurance (%) 41 41 43 38
Food Stamp Recipient (%) 13 14 18 10
People per Sq. Mile 726 1245 541 589
Population of Ward 179,271 199,520 167,608 178,871

Miscellaneous

Table 6: Other information
Hopetopia Parks Nonprofits Prc Buildings occupied (residential) Prc Buildings occupied (commercial) No. schools (E/M/H) No. churches
SW 3 12 65% 45% 8/4/2 25
NE 10 15 85% 90% 16/8/4 20
NW 6 4 70% 55% 24/6/4 18
SE 15 13 97% 98% 20/12/4 15