Georgetown CDP Illinois Income Charts

This section shows the Georgetown CDP Illinois economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Georgetown CDP depicts it has a Median earnings of $32,313 which is the second smallest in terms of median earnings per worker of all the other places in the greater region. The place with the highest median earnings per worker in the area is Tennessee which shows a median earnings of $49,688 (53.8% larger). Comparing median earnings per worker to the United States average of $49,041, Georgetown CDP is approximately three-fourths the size. Also, benchmarked against the state of Illinois, median earnings per worker of $52,292, Georgetown CDP is approximately three-fourths the size.

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 $59,091 which is the largest of all places in the greater Georgetown CDP region. Comparing median household income to the United States average of $62,843, Georgetown CDP is about 6.3% smaller. Also, compared to the state of Illinois, median household income of $65,886, Georgetown CDP is about 11.5% smaller.

The next section examines a variety of different income statistics for the Georgetown CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 13.9% of the total and is ranked #2. The only larger place being Tennessee with 16.7%. Second, it has less than most other places in the surrounding region in order of earnings between $10,000 and $14,999 at 3.6% of the total. Third, it has one of the largest proportions of earnings between $15,000 and $19,999 at 49.3% of the total and is ranked #2. The only larger place being Sciota with 65.0%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.8 which is the second most average hours of all the places in the greater Georgetown CDP region. The place with the highest average hours in the area is Good Hope which shows an average hours of 39.9 ( about the same size). 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 $15.61 which is the second smallest as measured by average hourly earnings of all the other places in the area. The place with the highest average hourly earnings in the area is Tennessee which depicts an average hourly earnings of $25.28 (61.9% larger). Comparing average hourly earnings to the United States average of $24.31, Georgetown CDP is approximately three-fourths the size. Also, in comparison with the state of Illinois, average hourly earnings of $26.05, Georgetown CDP is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Georgetown CDP metro area based on the number of people who reported any self employment income. Georgetown CDP depicts it has a Self Employed of 2.7% which is the smallest when ranked by percentage of people self employed of all the other places in the local area. The place with the highest percentage of people self employed in the area is Good Hope which depicts a percentage self employed of 14.8% ( very much bigger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $60,739 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $63,716 of the total and is ranked #3. Only #2 Good Hope ($67,813), and #1 Sciota ($88,750) are larger. Third, it has in the mid range of other places in the area in order of median income-45 to 64 years at $32,031 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 12.6% which is the second smallest when sorted by households with retirement income of all the other places in the metro area. The place with the highest households with retirement income in the area is Tennessee which depicts a households with retirement income of 23.5% (about twice as large).

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 as measured by overall family income of all the other places in the local area at $31,830 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. Georgetown CDP depicts it has the hightest cost of 108.6 for the cost of utilities aggregate.

Georgetown CDP 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 disasterous Coronavirus Pandemic the monthly unemployment rate went from 9.3% to 4.7% in December 2019. This represents a decrease in the monthly unemployment rate of 49.5%. Since that time, the monthly unemployment rate has gone to 4.7% This represents an increase in the monthly unemployment rate of very little. 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 disasterous Coronavirus Pandemic the monthly labor force participation went from 12,387 to 11,932 in December 2019. This represents a decrease in the monthly labor force participation of 3.7%. Since that time, the monthly labor force participation has gone to 11,932 This represents an increase in the monthly labor force participation of very little.

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 Georgetown CDP shows it has a Unemployment Rate of 2.0% which is in the center range of other places in the local area. The place with the highest unemployment rate in the area is Good Hope which depicts a rate of 7.5% (approximately 3.8 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Georgetown CDP depicts it has a Labor Force Participation of 78.5% which is more than all other places in the local area.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Georgetown CDP has the smallest proportion of unemployed at 21.5% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Georgetown CDP depicts full time employees substantially 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 Georgetown CDP area. Georgetown CDP shows it has a Single Earner Families of 40.5% which is the third most families with a single earner of all other places in the greater Georgetown CDP region. The place with the highest families with a single earner in the area is Bardolph which depicts a single earners rate of 61.0% (50.4% larger). The percentage of families with no one working is depicted in Figure 22. Georgetown CDP shows it has a Families with No One Working of 24.3% which is the second most families with no one working of all the places in the greater Georgetown CDP region. The place with the highest families with no one working in the area is Tennessee which depicts a families with no worker of 44.0% (about twice as large).

Georgetown CDP Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Georgetown CDP 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. Georgetown CDP depicts it has a Total In Poverty of 78 which is in the middle range of other places in the greater region. The place with the highest total people earning less than the poverty level in the area is Macomb which depicts a total people earning less than the poverty level of 4,329 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Georgetown CDP shows it has a Percent of Population In Poverty of 16.9% which is the third most percent of people earning less than the poverty level of all other places in the greater Georgetown CDP region. The place with the highest percent of people earning less than the poverty level in the area is Bardolph which shows a percent of people in poverty of 35.6% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Georgetown CDP has the percentage of person in poverty 12 to 17 years the second smallest as measured by person in poverty under 12 years of all the other places in the metro area at 15% of the total. Second, it has the smallest proportion of person in poverty 18 to 34 years at 9% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Georgetown CDP has one of the largest proportions of married with children and in poverty at 36% of the total and is ranked #2. The only larger place being Macomb with 53%. Second, it has the largest proportion of unmarried with children and in poverty at 100% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Georgetown CDP has the smallest proportion of highschool graduate and in poverty at 8% 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.) Georgetown CDP indicates it has a Public Assistance Percent of 3.6% which is the smallest in order of households with public assistance of all the other places in the surrounding region. The place with the highest households with public assistance in the area is Bardolph which depicts a households with public assistance of 38.1% ( considerably bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Georgetown CDP shows it has a Gini Index of 26.7% which is the smallest in order of the gini index of all the other places in the metro area.

Georgetown CDP Illinois Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Georgetown CDP has the largest proportion of people who leave for work between 7am to 730am at 61% 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. Georgetown CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 32% of the total and is ranked #2. The only larger place being Macomb with 38%. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 41% of the total and is ranked #1. Third, it has less than most other places in the greater region in order of people with commute time between 10 to 14 minutes at 9% of the total. Also, it has the smallest proportion of people with commute time between 15 to 19 minutes at 3% of the total. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 2% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 45 to 59 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Georgetown CDP depicts it has a Avg Commute Time of 13 which is the smallest as measured by average commute time of all the other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Georgetown CDP shows average commute time in minutes for men about 15.2% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Georgetown CDP has one of the largest proportions of no vehicle available at 32% of the total and is ranked #3. Only #2 Tennessee (35%), and #1 Bardolph (39%) are larger. Second, it has the largest proportion of 1 vehicle available at 52% of the total and is ranked #1. Third, it has the smallest proportion of 2 vehicles available at 16% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Georgetown CDP depicts it has a Work in city or place where live of 10% which is less than most other places in the surrounding region. The place with the highest people who both work and live in the same city in the area is Macomb which depicts a people who both work and live in the same city of 78% ( markedly bigger). Comparing people who both work and live in the same city to the United States average of 42%, Georgetown CDP is approximately a quarter the size. Also, measured against the state of Illinois, people who both work and live in the same city of 38%, Georgetown CDP is approximately a quarter the size.

Georgetown CDP 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. Georgetown CDP depicts it has the hightest median earnings of $53,636 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 Georgetown CDP depicts it has the hightest median earnings of $37,917 for the earnings-sales and office occupations classification. The table in Figure 48, shows Georgetown CDP employment data in terms of job categories and salary data.