The amount of revenue brought into a community by self-employment, presented per working-age resident.
Those who are self-employed provide value to their community and are a vital part of a community's economic structure. High levels of self-employment may indicate a favorable economic environment for small business owners and entrepreneurs, as well as provide insight into the composition of a community's economic profile.
Essex County had just over $6,500 in self-employment revenue per resident in 2016, an increase of over $100 per resident from the previous year. This is similar with the state and over $800 higher per resident than the nation. Essex County's level was down 3% since 2000, compared to a decrease of 6% in the state and a 3% increase in the nation.
Westchester, NY's revenue per resident was much higher than Essex County in 2016, at $10,700 per resident followed by Middlesex, MA at $7,400. Lake, IL was similar to Essex County, at $6,700 per resident. Middlesex experienced a decline similar to the state from 2000, while Lake, IL had a 2% increase.
Figures are in 2016 dollars. Data is from the U.S. Census Bureau. Census Bureau changed measurement criteria in 2008. Compare to earlier years with caution.