Economy
Household Income Number Percent National Avg
Less than $10,000 81 2.7% 7.7
$10,000 to $14,999 131 4.4% 5.6
$15,000 to $24,999 301 10.1% 11.1
$25,000 to $34,999 277 9.3% 10.4
$35,000 to $49,999 224 7.5% 13.8
$50,000 to $74,999 462 15.5% 18.0
$75,000 to $99,999 416 14.0% 11.9
$100,000 to $149,000 757 25.4% 12.4
$150,000 to $199,999 177 5.9% 4.6
$200,000 or more 150 5.0% 4.6
Median household income 75,556 51,371
Per capita income 38,832 27,319
Less than $10,000 81 2.7% 7.7
$10,000 to $14,999 131 4.4% 5.6
$15,000 to $24,999 301 10.1% 11.1
$25,000 to $34,999 277 9.3% 10.4
$35,000 to $49,999 224 7.5% 13.8
$50,000 to $74,999 462 15.5% 18.0
$75,000 to $99,999 416 14.0% 11.9
$100,000 to $149,000 757 25.4% 12.4
$150,000 to $199,999 177 5.9% 4.6
$200,000 or more 150 5.0% 4.6
Median household income 75,556 51,371
Per capita income 38,832 27,319
Industry Number Percent National Avg
Agriculture, forestry,
fishing, hunting
and mining 0 0.0% 2.0
Arts, entertainment, recreation,
accommodation and food services 204 5.6% 9.6
Construction 122 3.4% 6.2
Educational services, health care
and social assistance 1,059 29.2% 23.2
Finance, insurance, real estate, rental,
and leasing 264 7.3% 6.6
Information 114 3.1% 2.1
Manufacturing 492 13.6% 10.5
Other services except public
administration 85 2.3% 5.0
Professional, scientific, management,
administrative and waste
management services 236 6.5% 10.9
Public administration 147 4.1% 4.9
Retail trade 468 12.9% 11.6
Transportation, warehousing
and utilities 248 6.8% 4.9
Wholesale trade 183 5.1% 2.6
Occupation Number Percent National Avg
Construction, extraction, maintenance,
and repair occupations 178 4.9% 9.0%
Management, professional, and
related occupations 1,633 45.1% 36.1%
Production, transportation, and
material moving occupations 291 8.0% 12.2%
Sales and office occupations 1,128 31.1% 24.5%
Service occupations 392 10.8% 8.3%
Agriculture, forestry,
fishing, hunting
and mining 0 0.0% 2.0
Arts, entertainment, recreation,
accommodation and food services 204 5.6% 9.6
Construction 122 3.4% 6.2
Educational services, health care
and social assistance 1,059 29.2% 23.2
Finance, insurance, real estate, rental,
and leasing 264 7.3% 6.6
Information 114 3.1% 2.1
Manufacturing 492 13.6% 10.5
Other services except public
administration 85 2.3% 5.0
Professional, scientific, management,
administrative and waste
management services 236 6.5% 10.9
Public administration 147 4.1% 4.9
Retail trade 468 12.9% 11.6
Transportation, warehousing
and utilities 248 6.8% 4.9
Wholesale trade 183 5.1% 2.6
Occupation Number Percent National Avg
Construction, extraction, maintenance,
and repair occupations 178 4.9% 9.0%
Management, professional, and
related occupations 1,633 45.1% 36.1%
Production, transportation, and
material moving occupations 291 8.0% 12.2%
Sales and office occupations 1,128 31.1% 24.5%
Service occupations 392 10.8% 8.3%
Strengths:
The population of Canfield, Ohio has an over all higher income than the national average.
Canfield is a predominant professional city to live in.
The economy causes the education to be at a higher standard due to the large number of white collar families.
Weaknesses:
The Canfield City is an urban area, therefore; limited growth available.
There is not a wide variety of people in all occupations. Most of the population is in a professional position.
Sources:
http://www.homefacts.com/demographics/Ohio/Mahoning-County/Canfield.html