Spirit Lake Idaho Income Charts

This section shows the Spirit Lake Idaho economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Spirit Lake depicts it has a Median earnings of $38,629 which is the second smallest in terms of median earnings per worker of all the other places in the local area. The city with the highest median earnings per worker in the area is Hayden Lake which indicates a median earnings of $83,333 (about twice as large). Comparing median earnings per worker to the United States average of $49,041, Spirit Lake is approximately three-fourths the size. Also, compared to the state of Idaho, median earnings per worker of $42,524, Spirit Lake is about 10.1% smaller.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $47,277 which is less than most other places in the metropolitan area. The city with the highest median household income in the area is Hayden Lake which depicts a median income of $95,313 (about twice as large). Comparing median household income to the United States average of $62,843, Spirit Lake is approximately three-fourths the size. Also, in comparison with the state of Idaho, median household income of $55,785, Spirit Lake is about 18.0% smaller.

The next section examines a variety of different income statistics for the Spirit Lake metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 8.3% of the total and is ranked #1. Second, it has one of the largest proportions of earnings between $10,000 and $14,999 at 8.3% of the total and is ranked #2. The only larger city being Athol with 12.6%. Third, it has in the mid range of other places in the greater region when ranked by earnings between $15,000 and $19,999 at 40.0% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.5 which is less than most other places in the surrounding region. The city with the highest average hours in the area is Rathdrum which depicts an average hours of 39.7 (only about 5.9% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $19.81 which is in the mid range of other places in the metro area. The city with the highest average hourly earnings in the area is Hayden Lake which shows an average hourly earnings of $40.78 (about twice as large). Comparing average hourly earnings to the United States average of $24.31, Spirit Lake is about 22.7% smaller. Also, benchmarked against the state of Idaho, average hourly earnings of $21.35, Spirit Lake is about 7.8% smaller.

Figure 7 examines the number of self employed people in the Spirit Lake metro area based on the number of people who reported any self employment income. Spirit Lake shows it has a Self Employed of 8.9% which is less than most other places in the greater region. The city with the highest percentage of people self employed in the area is Hayden Lake which shows a percentage self employed of 24.9% (approximately 2.8 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest as measured by median income for those under 25 years of age of all the other places in the local area at $50,223 of the total. Second, it has less than most other places in the local area as measured by median income-25 to 44 years at $48,333 of the total. Third, it has in the center range of other places in the local area when ranked by median income-45 to 64 years at $39,861 of the total.

Figure 9 breaks down the source of income and Spirit Lake has the percentage of self employment income less than most other places in the local area at 12.2% of the total.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 19.3% which is less than most other places in the local area. The city with the highest households with retirement income in the area is Blanchard CDP which shows a households with retirement income of 68.0% (approximately 3.5 times bigger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income the second smallest when ranked by overall family income of all the other places in the surrounding region at $51,472 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Spirit Lake depicts it has the hightest cost of 110.0 for the cost of healthcare aggregate.

Spirit Lake Idaho Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 12.7% to 3.9% in February 2020. This represents a decrease in the monthly unemployment rate of 69.3%. Since that time, the monthly unemployment rate has gone to 5.8% This represents an increase in the monthly unemployment rate of 48.7%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It depicts that from February 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 14,539 to 18,462 in February 2020. This represents an increase in the monthly labor force participation of 27.0%. Since that time, the monthly labor force participation has gone to 17,541 This represents a decrease in the monthly labor force participation of 5.0%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Spirit Lake shows it has a Unemployment Rate of 2.9% which is in the mid range of other places in the local area. The city with the highest unemployment rate in the area is Athol which depicts a rate of 5.0% (74.4% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Spirit Lake shows it has a Labor Force Participation of 56.7% which is in the center range of other places in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Spirit Lake depicts full time employees approximately 2.9 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Spirit Lake area. Spirit Lake shows it has a Single Earner Families of 35.4% which is the second most families with a single earner of all the places in the greater Spirit Lake region. The city with the highest families with a single earner in the area is Athol which depicts a single earners rate of 43.8% (23.6% larger). The percentage of families with no one working is depicted in Figure 22. Spirit Lake depicts it has a Families with No One Working of 24.7% which is in the center range of other places in the local area. The city with the highest families with no one working in the area is Blanchard CDP which depicts a families with no worker of 87.3% (approximately 3.5 times bigger).

Spirit Lake Idaho Poverty Charts

The next section details economy analysis about poverty for residents of the Spirit Lake community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Spirit Lake depicts it has a Total In Poverty of 216 which is the third most total people earning less than the poverty level of all other places in the greater Spirit Lake region. The city with the highest total people earning less than the poverty level in the area is Hayden which depicts a total people earning less than the poverty level of 978 (approximately 4.5 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Spirit Lake depicts it has a Percent of Population In Poverty of 9.3% which is the third most percent of people earning less than the poverty level of all other places in the greater Spirit Lake region. The city with the highest percent of people earning less than the poverty level in the area is Blanchard CDP which depicts a percent of people in poverty of 18.4% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Spirit Lake has one of the largest proportions of person in poverty 18 to 34 years at 23% of the total and is ranked #3. Only #2 Rathdrum (24%), and #1 Hayden (30%) are larger. Second, it has in the mid range of other places in the local area in order of person in poverty 55 to 64 years at 21% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Spirit Lake has one of the largest proportions of hawaiian poverty rate at 26% of the total and is ranked #2. The only larger city being Hayden with 37%.

Figure 27 shows key poverty statistics for groups based on marriage status. Spirit Lake has the percentage of married with children and in poverty less than most other places in the surrounding region at 5% of the total. Second, it has less than most other places in the local area as measured by unmarried with children and in poverty at 9% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Spirit Lake depicts it has a Public Assistance Percent of 13.7% which is the third most households with public assistance of all other places in the greater Spirit Lake region. The city with the highest households with public assistance in the area is Athol which depicts a households with public assistance of 20.7% (51.2% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Spirit Lake depicts it has a Gini Index of 34.2% which is the second smallest in terms of the gini index of all the other places in the surrounding region.

Spirit Lake Idaho Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Spirit Lake community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Spirit Lake has the largest proportion of people who drive a car or motorcycle to work at 0% of the total and is ranked #1. Second, it has the largest proportion of people who take public transportation to work at 4% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Spirit Lake or elsewhere.) Spirit Lake has one of the largest proportions of people who drove alone at 83% of the total and is ranked #2. The only larger city being Hauser with 84%. Second, it has the largest proportion of people who take the bus at 0% of the total and is ranked #1. Third, it has the largest proportion of people who bike at 1% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Spirit Lake has the percentage of people who leave for work between 12am to 5am less than most other places in the local area at 2% of the total. Second, it has the largest proportion of people who leave for work between 9am to 10am at 8% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Spirit Lake has the percentage of people with commute time between 5 to 9 minutes the second smallest in terms of people with commute time of less than 5 minutes of all the other places in the local area at 2% of the total. Second, it has the second smallest in terms of people with commute time of less than 5 minutes of all the other places in the area in terms of people with commute time between 10 to 14 minutes at 2% of the total. Third, it has the largest proportion of people with commute time between 30 to 34 minutes at 11% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 40 to 44 minutes at 16% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 45 to 59 minutes at 10% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 60 to 89 minutes at 4% of the total and is ranked #1.

The average commute time is shown in Figure 37. Spirit Lake shows it has a Avg Commute Time of 35 which is at the top of all other places in the greater Spirit Lake region. Figure 38 shows the difference between male versus female commuting time. Spirit Lake shows average commute time in minutes for men about 7.4% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Spirit Lake has one of the largest proportions of no vehicle available at 17% of the total and is ranked #2. The only larger city being Hayden with 18%. Second, it has the largest proportion of 2 vehicles available at 39% of the total and is ranked #1. Third, it has less than most other places in the surrounding region when sorted by 3 vehicles available at 7% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Spirit Lake depicts it has a Work in city or place where live of 20% which is the third most of all other places in the greater region. The city with the highest people who both work and live in the same city in the area is Hayden Lake which depicts a people who both work and live in the same city of 32% (63.4% larger). Comparing people who both work and live in the same city to the United States average of 42%, Spirit Lake is approximately half the size. Also, measured against the state of Idaho, people who both work and live in the same city of 52%, Spirit Lake is approximately a third the size.

Spirit Lake Idaho Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Spirit Lake depicts it has the hightest median earnings of $57,813 for the earnings-computer, engineering, and science occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Spirit Lake indicates it has the hightest median earnings of $38,625 for the management, business, and financial occupations category. The table in Figure 48, shows Spirit Lake employment data in terms of job categories and salary data.

Spirit Lake Idaho Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Spirit Lake depicts it has the hightest entrepreneurs of 64% for the self employed management, business, science, and arts businesses category.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Spirit Lake shows it has the hightest entrepreneurs of 36% for the self employed in construction grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Spirit Lake depicts it has a Self Employment Income of $24,845 which is in the mid point range of other places in the local area. The city with the highest average annual self employment income in the area is Hayden Lake which shows an average annual self employment income of $56,458 (approximately 2.3 times bigger). Comparing average annual self employment income to the United States average of $39,154, Spirit Lake is approximately three-fourths the size. Also, compared to the state of Idaho, average annual self employment income of $35,849, Spirit Lake is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Spirit Lake shows total number of self-employed men approximately three-fourths the size as the total number of self-employed women.