City Math – Part I

Let’s see what we can learn about a city of 100,000 people.

Let’s start with the basic inputs using the averages for the USA population as a whole. In subsequent articles this information will be used to model the economy in greater detail.

Population

Total Population = 100,000
Working Age People = 63,400
Retired = 15,500
Population 0-18 years old = 21,000

Households

Population per household = 2.5
Households = 40,000
Mean household Income = US$72,641
Total Household Economy (minus retiree income) = US$2,425,140,000
Average Wage = US$48,130

Economy

Wages as a % of Economy = 42%
Total Economy Size = US$5,774,142,000
Capital Stock per capita = US$182,926 (Total value of houses, roads, factories, vehicles, machinery, buildings, airports, bridges etc per capita)

Employment

Civilian Population = 84,400
Employment to Population Ration = 59.70
Jobs = 50,386

Retirees

Avg Retiree Income = 31,000
Retiree Economy = 480,500,000

Federal Spending Per Capita

Defence Per capita = 2,200
Medicare = 1,792
Medicaid = 1,200
Social Security = 2,800
non defence (housing, vet affairs, transport) = 1,800
Federal Retirement benefits, SNAP = 1,710
Interest = 734
Total = 12,036
Total Federal Spending = US$1,203,600,000

State & Local Gov Tax Per Capita

Property = 1,000
Income = 1250
Sales & Excise = 1250
Total = 3,500
Total = 350,000,000

Schooling

School age Total = 16,768
Cost per student = 12,300
Schooling Cost per Year = 206,246,400

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s