Granite City Illinois Income Charts

This section shows the Granite City Illinois economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Granite City shows it has a Median earnings of $45,195 which is the largest of all places in the greater Granite City region. Comparing median earnings per worker to the United States average of $49,041, Granite City is about 8.5% smaller. Also, measured against the state of Illinois, median earnings per worker of $52,292, Granite City is about 15.7% 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 $51,469 which is the second most median income of all the places in the greater Granite City region. The city with the highest median household income in the area is Pontoon Beach which shows a median income of $53,341 (only about 3.6% larger). Comparing median household income to the United States average of $62,843, Granite City is about 22.1% smaller. Also, in comparison with the state of Illinois, median household income of $65,886, Granite City is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Granite City metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the greater region at 6.3% of the total. Second, it has the second smallest in order of median earnings of less than $10,000 of all the other places in the surrounding region in terms of earnings between $10,000 and $14,999 at 7.7% of the total. Third, it has less than most other places in the metropolitan area as measured by earnings between $15,000 and $19,999 at 31.1% of the total. Also, it has the largest proportion of earnings between $20,000 and $49,999 at 22.0% of the total and is ranked #1. In addition, it has the largest proportion of earnings between $50,000 and $74,999 at 8.5% of the total and is ranked #1. Furthermore, it has the largest proportion of earnings between $75,000 and $99,999 at 4.4% 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 37.8 which is in the mid range of other places in the local area. The city with the highest average hours in the area is Riverview which shows an average hours of 40.7 (7.7% 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 $22.99 which is more than all other places in the greater Granite City region. Comparing average hourly earnings to the United States average of $24.31, Granite City is about 5.7% smaller. Also, benchmarked against the state of Illinois, average hourly earnings of $26.05, Granite City is about 13.3% smaller.

Figure 7 examines the number of self employed people in the Granite City metro area based on the number of people who reported any self employment income. Granite City depicts it has a Self Employed of 6.3% which is the second most people self employed of all the places in the greater Granite City region. The city with the highest percentage of people self employed in the area is Pontoon Beach which depicts a percentage self employed of 8.2% (29.4% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $52,882 of the total and is ranked #2. The only larger city being Mitchell CDP with $61,346. Second, it has one of the largest proportions of median income-25 to 44 years at $62,473 of the total and is ranked #2. The only larger city being Pontoon Beach with $68,889. Third, it has in the mid range of other places in the area in order of median income-45 to 64 years at $36,009 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 25.9% which is the second most of all the places in the metro area. The city with the highest households with retirement income in the area is Mitchell CDP which depicts a households with retirement income of 31.7% (22.3% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $68,703 of the total and is ranked #1. Second, it has the second smallest in terms of overall family income of all the other places in the surrounding region as measured by white family income at $18,720 of the total. Third, it has one of the largest proportions of hawaiian family income at $32,238 of the total and is ranked #2. The only larger city being Pontoon Beach with $61,519.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Granite City depicts it has the hightest cost of 100.8 for the cost of healthcare classification.

Granite City 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 depicts that from February 2010 to before the Wuhan Coronavirus Pandemic the monthly unemployment rate went from 13.6% to 3.3% in February 2020. This represents a decrease in the monthly unemployment rate of 75.7%. Since that time, the monthly unemployment rate has gone to 6.0% This represents an increase in the monthly unemployment rate of 81.8%. 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 Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 14,121 to 12,921 in February 2020. This represents a decrease in the monthly labor force participation of 8.5%. Since that time, the monthly labor force participation has gone to 13,459 This represents an increase in the monthly labor force participation of 4.2%.

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 Granite City depicts it has a Unemployment Rate of 4.7% which is less than most other places in the metro area. The city with the highest unemployment rate in the area is Glasgow Village CDP which shows a rate of 9.4% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Granite City indicates it has a Labor Force Participation of 60.4% which is less than most other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Granite City depicts full time employees approximately 3.0 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 Granite City area. Granite City shows it has a Single Earner Families of 34.7% which is the most of all places in the local area. The percentage of families with no one working is depicted in Figure 22. Granite City shows it has a Families with No One Working of 17.4% which is less than most other places in the metro area. The city with the highest families with no one working in the area is Mitchell CDP which depicts a families with no worker of 27.7% (58.9% larger).

Granite City Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Granite City 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. Granite City shows it has a Total In Poverty of 5,486 which is the largest of all places in the greater Granite City region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Granite City shows it has a Percent of Population In Poverty of 19.3% which is in the mid range of other places in the metropolitan area. The city with the highest percent of people earning less than the poverty level in the area is Glasgow Village CDP which depicts a percent of people in poverty of 42.5% (about twice as large).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Granite City has the largest proportion of white poverty rate at 54% of the total and is ranked #1. Second, it has the largest proportion of black poverty rate at 54% of the total and is ranked #1. Third, it has one of the largest proportions of hawaiian poverty rate at 31% of the total and is ranked #2. The only larger city being Venice with 76%.

Figure 27 shows key poverty statistics for groups based on marriage status. Granite City has one of the largest proportions of unmarried with children and in poverty at 52% of the total and is ranked #3. Only #2 Pontoon Beach (63%), and #1 Glasgow Village CDP (71%) are larger. 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.) Granite City shows it has a Public Assistance Percent of 20.3% which is less than most other places in the metro area. The city with the highest households with public assistance in the area is Glasgow Village CDP which shows a households with public assistance of 46.4% (approximately 2.3 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Granite City shows it has a Gini Index of 43.5% which is the second most the gini index of all the places in the greater Granite City region.

Granite City Illinois 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 Granite City 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.) Granite City has the smallest proportion of people who take public transportation to work at 1% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Granite City or elsewhere.) Granite City has the largest proportion of people who take a Subway or elevated rail at 1% of the total and is ranked #1. Second, it has the largest proportion of people who take the Long-distance train or commuter rail at 0% of the total and is ranked #1. Third, it has the largest proportion of people who take the ferry at 0% of the total and is ranked #1. Also, it has the smallest proportion of people who walked at 1% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Granite City has the percentage of people who leave for work between 12am to 5am less than most other places in the greater region at 4% of the total. Second, it has the smallest proportion of people who leave for work between 5am to 530am at 5% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Granite City has the largest proportion of people with commute time of less than 5 minutesutes at 17% of the total and is ranked #1.

The average commute time is shown in Figure 37. Granite City depicts it has a Avg Commute Time of 23 which is the second smallest when sorted by average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Granite City shows average commute time in minutes for men only slightly larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Granite City has the percentage of no vehicle available less than most other places in the local area at 26% of the total. Second, it has one of the largest proportions of 1 vehicle available at 39% of the total and is ranked #2. The only larger city being Pontoon Beach with 40%. Third, it has one of the largest proportions of 3 vehicles available at 8% of the total and is ranked #2. The only larger city being Pontoon Beach with 11%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Granite City depicts it has a Work in city or place where live of 31% which is more than all other places in the greater Granite City region. Comparing people who both work and live in the same city to the United States average of 42%, Granite City is approximately three-fourths the size. Also, in comparison with the state of Illinois, people who both work and live in the same city of 38%, Granite City is about 24.7% smaller.

Granite City 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. Granite City depicts it has the hightest median earnings of $100,060 for the earnings-healthcare practitioners and tech occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Granite City depicts it has the hightest median earnings of $63,963 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Granite City employment data in terms of job categories and salary data.

Granite City 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. Granite City depicts it has the hightest entrepreneurs of 28% for the self employed in service businesses classification.

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. Granite City indicates it has the hightest entrepreneurs of 31% for the self employed in finance, insurance, real estate, rental and leasing aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Granite City shows it has a Self Employment Income of $22,914 which is the highest of all places in the greater Granite City region. Comparing average annual self employment income to the United States average of $39,154, Granite City is approximately half the size. Also, compared with the state of Illinois, average annual self employment income of $38,734, Granite City 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.) Granite City shows total number of self-employed men approximately 2.2 times bigger as the total number of self-employed women.