Fox River Grove Illinois Income Charts

This section shows the Fox River Grove Illinois economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Fox River Grove depicts it has a Median earnings of $71,905 which is in the center range of other places in the surrounding region. The city with the highest median earnings per worker in the area is Tower Lakes which depicts a median earnings of $96,250 (33.9% larger). Comparing median earnings per worker to the United States average of $49,041, Fox River Grove is 46.6% larger. Also, versus the state of Illinois, median earnings per worker of $52,292, Fox River Grove is 37.5% larger.

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 $112,917 which is in the mid range of other places in the metro area. The city with the highest median household income in the area is Tower Lakes which depicts a median income of $147,000 (30.2% larger). Comparing median household income to the United States average of $62,843, Fox River Grove is 79.7% larger. Also, versus the state of Illinois, median household income of $65,886, Fox River Grove is 71.4% larger.

The next section examines a variety of different income statistics for the Fox River Grove metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 3.1% of the total. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 13.4% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.7 which is the third most of all other places in the greater region. The city with the highest average hours in the area is Port Barrington which depicts an average hours of 40.8 (only about 2.8% 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 $34.83 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 Lake Barrington which depicts an average hourly earnings of $47.75 (37.1% larger). Comparing average hourly earnings to the United States average of $24.31, Fox River Grove is 43.3% larger. Also, benchmarked against the state of Illinois, average hourly earnings of $26.05, Fox River Grove is 33.7% larger.

Figure 7 examines the number of self employed people in the Fox River Grove metro area based on the number of people who reported any self employment income. Fox River Grove depicts it has a Self Employed of 15.4% which is the second most people self employed of all the places in the greater Fox River Grove region. The city with the highest percentage of people self employed in the area is Trout Valley which shows a percentage self employed of 18.3% (18.7% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the mid range of other places in the area at $123,281 of the total. Second, it has less than most other places in the greater region in terms of median income-25 to 44 years at $120,694 of the total. Third, it has the smallest proportion of median income-45 to 64 years at $50,511 of the total.

Figure 9 breaks down the source of income and Fox River Grove has the largest proportion of income from wages at 11.6% of the total and is ranked #1.

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 11.4% which is the smallest when sorted by households with retirement income of all the other places in the metro area. The city with the highest households with retirement income in the area is Tower Lakes which indicates a households with retirement income of 30.3% (approximately 2.7 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 less than most other places in the greater region at $132,600 of the total. Second, it has one of the largest proportions of american indian family income at $152,400 of the total and is ranked #2. The only larger city being Lake Barrington with $250,001.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Fox River Grove depicts it has the hightest cost of 117.3 for the cost of utilities aggregate.

Fox River Grove Illinois 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 Wuhan Coronavirus Pandemic the monthly unemployment rate went from 11.3% to 3.0% in February 2020. This represents a decrease in the monthly unemployment rate of 73.5%. Since that time, the monthly unemployment rate has gone to 7.2% This represents an increase in the monthly unemployment rate of 140.0%. 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 shows that from February 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 16,310 to 15,788 in February 2020. This represents a decrease in the monthly labor force participation of 3.2%. Since that time, the monthly labor force participation has gone to 15,231 This represents a decrease in the monthly labor force participation of 3.5%.

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 Fox River Grove shows it has a Unemployment Rate of 3.3% which is the second most unemployment rate of all the places in the greater Fox River Grove region. The city with the highest unemployment rate in the area is Oakwood Hills which shows a rate of 4.0% (21.0% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Fox River Grove shows it has a Labor Force Participation of 76.8% which is the second most participation rates of all the places in the greater Fox River Grove region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Fox River Grove depicts full time employees approximately 4.0 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 Fox River Grove area. Fox River Grove shows it has a Single Earner Families of 13.5% which is the smallest in terms of families with a single earner of all the other places in the local area. The city with the highest families with a single earner in the area is Trout Valley which shows a single earners rate of 36.1% (approximately 2.7 times bigger). The percentage of families with no one working is depicted in Figure 22. Fox River Grove depicts it has a Families with No One Working of 12.0% 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 Lake Barrington which shows a families with no worker of 28.0% (approximately 2.3 times bigger).

Fox River Grove Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Fox River Grove 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. Fox River Grove shows it has a Total In Poverty of 181 which is in the center range of other places in the local area. The city with the highest total people earning less than the poverty level in the area is Cary which depicts a total people earning less than the poverty level of 912 ( markedly bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Fox River Grove depicts it has a Percent of Population In Poverty of 3.9% which is less than most other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Oakwood Hills which depicts a percent of people in poverty of 8.7% (approximately 2.2 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Fox River Grove has one of the largest proportions of person in poverty 18 to 34 years at 30% of the total and is ranked #3. Only #2 Tower Lakes (33%), and #1 Port Barrington (50%) are larger. Second, it has one of the largest proportions of person in poverty 55 to 64 years at 45% of the total and is ranked #2. The only larger city being Trout Valley with 62%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Fox River Grove has one of the largest proportions of less than highschool in poverty at 15% of the total and is ranked #2. The only larger city being Tower Lakes with 20%. 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.) Fox River Grove depicts it has a Public Assistance Percent of 6.8% which is the largest of all places in the greater Fox River Grove region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Fox River Grove depicts it has a Gini Index of 39.5% which is in the center range of other places in the greater region.

Fox River Grove Illinois Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Fox River Grove has the largest proportion of people who leave for work between 12am to 5am at 9% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 7am to 730am at 19% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 730 am to 8am at 6% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Fox River Grove has the largest proportion of people with commute time of less than 5 minutesutes at 13% of the total and is ranked #1. Second, it has less than most other places in the metro area when ranked by people with commute time between 5 to 9 minutes at 7% of the total. Third, it has the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the local area when sorted by people with commute time between 10 to 14 minutes at 8% of the total. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 15% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 20 to 24 minutes at 2% of the total. Furthermore, it has the smallest proportion of people with commute time between 35 to 39 minutes at 3% of the total. Next it has the largest proportion of people with commute time between 45 to 59 minutes at 18% of the total and is ranked #1. Additionally, it has the smallest proportion of people with commute time between 60 to 89 minutes at 2% of the total.

The average commute time is shown in Figure 37. Fox River Grove depicts it has a Avg Commute Time of 35 which is less than most other places in the surrounding region. Figure 38 shows the difference between male versus female commuting time. Fox River Grove shows average commute time in minutes for men about 22.1% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Fox River Grove has one of the largest proportions of 1 vehicle available at 51% of the total and is ranked #2. The only larger city being Trout Valley with 55%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Fox River Grove shows it has a Work in city or place where live of 21% which is the second most of all the places in the greater region. The city with the highest people who both work and live in the same city in the area is Lake Barrington which indicates a people who both work and live in the same city of 27% (31.1% larger). Comparing people who both work and live in the same city to the United States average of 42%, Fox River Grove is approximately half the size. Also, measured against the state of Illinois, people who both work and live in the same city of 38%, Fox River Grove is approximately half the size.

Fox River Grove Illinois 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. Fox River Grove depicts it has the hightest median earnings of $155,417 for the earnings-education, legal, community service, arts, media occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Fox River Grove depicts it has the hightest median earnings of $100,050 for the earnings-computer, engineering, and science occupations classification. The table in Figure 48, shows Fox River Grove employment data in terms of job categories and salary data.

Fox River Grove Illinois 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. Fox River Grove depicts it has the hightest entrepreneurs of 52% 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. Fox River Grove shows it has the hightest entrepreneurs of 29% for the self employed in professional, scientific, management, administrative services category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Fox River Grove shows it has a Self Employment Income of $96,761 which is ranked #1 of all places in the greater Fox River Grove region. Comparing average annual self employment income to the United States average of $39,154, Fox River Grove is approximately 2.5 times bigger. Also, compared to the state of Illinois, average annual self employment income of $38,734, Fox River Grove is approximately 2.5 times bigger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Fox River Grove depicts total number of self-employed men approximately 2.9 times bigger as the total number of self-employed women.