Ithaca, NY

Ithaca Metro Area industry wages have increased by 19.4% percent since 2001

2007-03-19T01:05:00.000-07:00

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From the second quarter of 2001 to the second quarter of 2006, industry wages have increased in the Ithaca Metro Area by a total of 19.4%. This is greater than the growth in industry wages for New York and greater than the growth in industry wages across the US.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Ithaca Metro Area Industry Wages Lag Behind New York, and Wages Lag Behind the United States Industry Wages

2007-02-27T22:08:00.000-08:00

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The average total wages in all industries in Ithaca, NY can be described as relatively high when compared to other Metro Areas throughout the US in the 2nd quarter of 2006. The industry wages are 24.5 percent lower than the state, which accounted an average of $50,107. The industry pay was less than the overall average in the United States of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Ithaca Five-Year Industry Employment Change

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Total Five-Year Employment Growth in the Ithaca Metro Area

Out of the 4-digit NAICS industries, the Department stores industry has accounted the most employment growth with a total of 193 jobs added during the time period. These new jobs in the Department stores industry makes up 7.5 percent of the total growth in Ithaca.

Top 5 Industries
1. Department stores (193 new jobs)
2. Building material and supplies dealers (184 new jobs)
3. Special food services (159 new jobs)
4. Unclassified (145 new jobs)
5. Other professional and technical services (124 new jobs)

In the Ithaca, NY metro area, the total number of jobs throughout all industries has increased by 2,281 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in the Ithaca Metro Area

From of the area's 4-digit NAICS industries, the Automotive repair and maintenance industry experienced most substantial job loss, losing 158 jobs during the time period. The jobs lost in the Automotive repair and maintenance industry make up 9.9 percent of the jobs lost during the period in Ithaca, NY.

Top 5 Industries
1. Automotive repair and maintenance (158 jobs lost)
2. Architectural and engineering services (140 jobs lost)
3. Vocational rehabilitation services (115 jobs lost)
4. Grocery stores (87 jobs lost)
5. Aerospace product and parts manufacturing (83 jobs lost)

Given the 108 4-digit NAICS industries, 49 accounted an for increase in employment during the period and 58 industry sectors reported declines during the time period.

The Ithaca Metro Area: Five-Year Percentage Growth in Employment

The Unclassified industry has seen the largest percentage job growth, expanding by 923.4 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Ithaca has added employment faster than the growth seen in the industry for New York, where it saw a gain of 208.5 percent. The Unclassified industry in Ithaca outpaced the US in terms of percent growth of industry employment. During this period, the US gained 1.7 percent of the industry employment.

Top 5 Industries
1. Unclassified (923.4 percent gain)
2. Special food services (492.8 percent gain)
3. Lumber and const. supply merchant wholesalers (122.6 percent gain)
4. Grocery and Related Product Wholesalers (122.4 percent gain)
5. Medical equipment and supplies manufacturing (114.6 percent gain)

Total industry employment has increased by 5.5 percent since the 2nd Quarter of 2001. This is less than growth in the State of New York, which went through a loss of 1 percent since the 2nd Quarter of 2001. The gains felt were greater than than the gain felt at the national level of 2.6 percent.

The Ithaca Metro Area: Five-Year Percentage Decline in Employment

The Advertising and related services industry has lost the biggest percent of jobs, losing 78.2 percent of the jobs from the 2nd quarter of 2001 to 2nd quarter of 2006. The losses of the area have declined faster than the industry has seen in the New York, where the it saw a loss of 9.7 percent. The losses in the Advertising and related services industry in Ithaca outpaced the US in terms of percent of decline of industry employment. The US lost 6.4 in percent of jobs in the Advertising and related services industry.

Top 5 Industries
1. Advertising and related services (78.2 percent decline)
2. Household goods repair and maintenance (70.8 percent decline)
3. Specialized design services (54.4 percent decline)
4. Travel arrangement and reservation services (48.1 percent decline)
5. Drinking places, alcoholic beverages (46.5 percent decline)

Ithaca One-Year Industry Employment Change

2007-01-24T16:12:00.000-08:00

The Ithaca Metro Area: One-Year Percentage Decline in Employment

The Household goods repair and maintenance industry has lost the largest amount of employment in terms of percentage, losing 36.4 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the New York, where the industry reported a loss of 0.5 percent. The losses in the Household goods repair and maintenance industry in Ithaca outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 0.9 percent in terms of employees in the Household goods repair and maintenance industry.

Top 5 Industries
1. Household goods repair and maintenance (36.4 percent decline)
2. Used merchandise stores (33.6 percent decline)
3. Consumer goods rental (32.5 percent decline)
4. Motion picture and video industries (24.2 percent decline)
5. Florists (21.1 percent decline)

The Ithaca Metro Area: One-Year Percentage Growth in Employment

The Unclassified industry has experienced the largest percentage growth, expanding by 74.9 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Ithaca has grow faster than the industry has grown in the State of New York, where it saw a gain of 61 percent. The Unclassified industry in Ithaca outpaced the nation in terms of industry employment growth . During this period, the nation gained 12.1 percent in this industry.

Top 5 Industries
1. Unclassified (74.9 percent gain)
2. Securities and commodity contracts brokerage (56.0 percent gain)
3. Misc. nondurable goods merchant wholesalers (54.5 percent gain)
4. Independent artists, writers, and performers (50.0 percent gain)
5. Employment services (37.8 percent gain)

The total number of jobs has increased by 1 percent from 2005 (2nd Quarter). These figures are greater than percent in New York, which saw a gain of 1 percent since 2005 ( 2nd Quarter). The gains in the area were less than than the gain experienced overall in the US of 2 percent.

Total One-Year Employment Growth in the Ithaca Metro Area

Out of the 4-digit NAICS industries, the Limited-service eating places industry has grown the most with 97 jobs added during the time period. These new jobs in the Limited-service eating places industry makes up 10.9 percent of the total number of new jobs in Ithaca.

Top 5 Industries
1. Limited-service eating places (97 new jobs)
2. Employment services (75 new jobs)
3. Unclassified (69 new jobs)
4. Aerospace product and parts manufacturing (56 new jobs)
5. Traveler accommodation (48 new jobs)

Total One-Year Employment Decline in the Ithaca Metro Area

From of the area's 4-digit NAICS industries, the Full-service restaurants industry has lost the most employment with a total loss of 162 jobs in that time period. The declines in the Full-service restaurants industry make up 20.4 percent of the total employment decline in Ithaca, NY.

Top 5 Industries
1. Full-service restaurants (162 jobs lost)
2. Offices of physicians (71 jobs lost)
3. Consumer goods rental (38 jobs lost)
4. Building material and supplies dealers (37 jobs lost)
5. Home health care services (30 jobs lost)

In the Ithaca, NY metro area, the aggregate employment for all industry sectors has increased by 439 jobs between mid-2005 and mid-2006.

Of the 115 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 54 reported job growth in the duration of the year and 59 industries reported a drop in employment.

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Ithaca, NY

2007-01-11T16:10:00.000-08:00

While household income level experienced a decline since 2000 in the Ithaca, NY metro area, the Race/Ethnicity group that experienced the largest decline in median household income was the Race/Ethnicity category. This group experienced a of . percent since the year 2000. The Race/Ethnicity category has been least effected by the income level decline in Ithaca, experiencing a . percent in median income, since the values reporting the 2000 Decennial Census.

When compared to other Metro Areas across the United States, the Ithaca metro area can be recognized as having a medium-high rate of poverty among its population, accounting a rate of 15.0 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity population category, holds the highest rate of poverty with 39.8 percent of the people in 2000 living in poverty. The population that is aged 18 to 64 years are witness to the most percent living in poverty in Ithaca, having 18.1 percent of this demographic group living with incomes under poverty.

When analyzed against other Metropolitan Statistical Areas in the US, the Ithaca metro area reported a medium-high median income for all households of $46,870 (Adjusted to 2005 Dollars). This is 8.3 percent lower than the median income in State of New York of $50,770 and the median household income is 4.8 percent lower than the median household income in the United States of $49,133.

Black or African American householders reported household income levels that were 46 percent less than the overall reported level in 2000, with a reported median of $25,314. The households that were headed by an American Indian and Alaska Native individual in Ithaca had a median income of $42,120, this level was 10.1 percent less than the median level for total households in the area. The Asian householders in the area have reported their median household incomes at $30,695. This household income level is 34.5 percent less than the reported median for all households in the area. In Ithaca, NY White householders had a median household income (in 2005 Dollars) of $49,010 as reported in 2000 by the census, which was 4.6 percent greater than the median in 2000. Hispanic headed households in Ithaca, NY , as reported in 2000, had a median household income of $37,617, which is 19.7 percent less than reported value of the areas total household median income for all households.

The median household income in the area has declined from the values (adjusted for inflation) in 2000. The median has decreased to $43,306, posting a 7.6 percent decline. The Ithaca, NY MSA, when comparing total percent of decline, ranks 2 of 7 metro area in percent of decline for median household income in the State of New York. Ithaca ranks 120 of 233 metro area when analyzing the decline in household income across the nation.

The poverty rate in the Ithaca, NY Metro has increased by 5.7 percent since the amount published in 2000, moving from 15 percent to 20.7 percent.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Higher Education in the Ithaca, NY Metro Area

2006-12-19T20:00:00.000-08:00

Ithaca, NY Metro Area can be considered to have a very highly-educated 2005 population, with 53 percent of the population over 25 years old having received at least a Bachelors Degree, according to the American Community Survey of 2005. The Ithaca MSA is reported having a higher percent of highly educated individuals than the State of New York's proportion of 31.2 percent and a higher percent than the average across the nation of 27.2 percent.

From 2000, the Ithaca metro area has increased in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has grown by 5.4 percent to a total of 53 percent in 2005. The American Community Survey reports that the proportion of the 2005 population that is highly educated is greater than the State of New York percent of 31.2 and greater than the national percent of 27.2.

In 2005, the American Community Survey reported that in the Ithaca, NY Metro Area, many men in the area have reached the Bachelors Degree or Higher category, with 56.2 percent receiving this level of education. The women in the Ithaca metro area have achieved a lower level of higher education (Bachelors or Higher) than men -- 56.2 percent (Men) versus 50.2 percent (Women). Many of the women in the area achieving a Bachelors Degree or Higher category, with 50.2 percent of the areas female population attaining this level of education.

From 2000 to 2005, the percent of male population that is highly educated has increased by 8.2 percent. As reported in 2005, 56.2 percent of area's male population (+25) achieved a BA or Higher. During the same period, the percent of women (+25) that have earned a BA or higher has increased by a total of 2.6 percent. By 2005, a total of 50.2 percent of the women in the population had received a Bachelors Degree or Higher.

In the Ithaca, NY Metro Area according to the American Community Survey of 2005, 49.8 percent of the White Alone, . percent of Black or African American, . percent of the Asian alone and . percent of the Hispanic or Latino population, over the age 25, has achieved at least a Bachelors Degree.

Datasource: U.S. Bureau of the Census. 2005 American Community Survey.

Demographic Profile for Ithaca, NY

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The Ithaca metropolitan statistical area (MSA) has a population that is made of 81.3 percent White, 3.5 percent African American, 9.6 percent Asian, and 3.5 percent Hispanic. The area can be described as having a high amount of racial and ethnic diversity, with 16.6 percent of the population being minorities. This is less than the State of New York percent of 37.7. Since 2000, Ithaca has increased in diversity when 14.3 percent of the total population were minorities.

From 2000, a very high amount of people migrated into the Ithaca metro area, with 4,290 people migrating in internationally. The migration from outside the US into Ithaca makes up 0.6 percent of all immigration into New York. This amount of international migration is very high when comparing levels of immigration per population in 2005.

When calculating the total land area, the Ithaca metro area encompasses a total area of 476 square miles. The MSA has a medium-high average population density of 210 persons per square mile. Similar metro areas in the US, in terms of density, include: -- more densely populated -- Panama City-Lynn Haven (212 per sq. mile ), Johnstown (215 per sq. mile ), Waco (216 per sq. mile ), -- less densely populated -- Oklahoma City (210 per sq. mile ), Dalton (208 per sq. mile ), Goldsboro (207 per sq. mile ).

The Ithaca metro area had a population that was estimated at 100,018 in 2005. The total population has increased, since the 2000 total population of 96,556. This growth denotes an increase of 3.6 percent. Ithaca ranks 6 of 12 MSAs when analyzing total population change in New York and the metro area ranks 262 of 361 metro areas when calculating the total change in MSA population across the US.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Ithaca

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In Ithaca, the U.S. Census Bureau, Population Division accounted for a total of 40,164 housing units in the year 2005. This represents a medium level of growth in the number housing units, adding a total of 922 housing units since the year 2001, or 2.3 percent.

Throughout the State of New York, Ithaca ranks 5 of the 12 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 302 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

Ithaca has a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 1 percent of the areas residential property was valued over $500k.

Ithaca had a median home value in the year 2005 of $138,800, reported by the American Community Survey. This median is less than the overall New York 2005 median home value of $258,900 and less than median owner-occupied dwelling value of $167,500 across the nation during that year.

According to the data, there is a fair amount affordable residential real estate in Ithaca, New York. In 2005, 40.8 percent of housing was valued under $125k.

Data Source: U.S. Census Bureau

Employment Report for Ithaca, New York -- Annual 2005 Industry Summary

2006-11-05T00:11:00.000-08:00

An industry with high wages in Ithaca is the mining sector with an annual pay of $49,084. In the Metropolitan Area since the year 2001, the annual average pay of the industry has grown by 4.7 percent or $2,190. The State of New York has a different economic condition in the mining industry, ranking in the middle of sectors by 2004 industry pay.

In Ithaca, Mining, Agriculture, forestry, fishing and hunting and Retail Trade industries, in terms of United States location quotient, are the most dominant in the region. The Mining sector has a United State LQ of 1.35. This means the percent of total employment in the Mining industry is 1.35 times greater than the US average, showing signs that Ithaca produces more than its local requirement of products and/or services of Mining.

Mining has the largest employers in Ithaca Metro Area. The industry averages 49 jobs per place of business. This is greater than the industry's average at the national level of 21 and greater than the State of New York establishments size average of 14 for the Mining industry.

Real estate and rental and leasing is the industry that has grown the most in terms of employment from 2001-2005 in Ithaca, growing by 17.8 percent. This is greater than the national sector change of 4.3 percent. The State of New York had an industry job change of 1 percent, during the period.

In Ithaca, Retail Trade, Manufacturing, and the Accommodation and food services industries are the largest employment industries. The Retail Trade produces the largest number of jobs in the area accounting for 11.9 percent of the total MSA employment. This totals 5,176 employees. The Manufacturing and Accommodation and food services sectors account for 9 and 7.6 percent of industry employment.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).