Hawthorn Woods Illinois Income Charts

This section shows the Hawthorn Woods Illinois economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Hawthorn Woods depicts it has a Median earnings of $110,688 which is in the center range of other places in the greater region. The city with the highest median earnings per worker in the area is North Barrington which shows a median earnings of $133,587 (20.7% larger). Comparing median earnings per worker to the United States average of $49,041, Hawthorn Woods is approximately 2.3 times bigger. Also, benchmarked against the state of Illinois, median earnings per worker of $52,292, Hawthorn Woods is about twice as large.

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 $175,795 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 Long Grove which depicts a median income of $214,073 (21.8% larger). Comparing median household income to the United States average of $62,843, Hawthorn Woods is approximately 2.8 times bigger. Also, versus the state of Illinois, median household income of $65,886, Hawthorn Woods is approximately 2.7 times bigger.

The next section examines a variety of different income statistics for the Hawthorn Woods metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 5.0% of the total and is ranked #3. Only #2 Mundelein (5.2%), and #1 Long Grove (7.1%) are larger. Second, it has in the middle range of other places in the local area as measured by earnings between $75,000 and $99,999 at 39.2% 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 39.7 which is less than most other places in the surrounding region. The city with the highest average hours in the area is Forest Lake CDP which indicates an average hours of 41.6 (only about 4.8% 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 $53.62 which is in the center range of other places in the surrounding region. The city with the highest average hourly earnings in the area is North Barrington which depicts an average hourly earnings of $63.12 (17.7% larger). Comparing average hourly earnings to the United States average of $24.31, Hawthorn Woods is approximately 2.2 times bigger. Also, measured against the state of Illinois, average hourly earnings of $26.05, Hawthorn Woods is about twice as large.

Figure 7 examines the number of self employed people in the Hawthorn Woods metro area based on the number of people who reported any self employment income. Hawthorn Woods depicts it has a Self Employed of 14.9% which is the third most people self employed of all other places in the greater Hawthorn Woods region. The city with the highest percentage of people self employed in the area is Long Grove which shows a percentage self employed of 19.8% (32.2% 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 greater region at $186,250 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $221,458 of the total and is ranked #3. Only #2 Kildeer ($223,250), and #1 Long Grove ($235,250) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $84,554 of the total and is ranked #3. Only #2 North Barrington ($140,750), and #1 Long Grove ($155,833) are larger.

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 18.7% which is the third most households with retirement income of all other places in the greater Hawthorn Woods region. The city with the highest households with retirement income in the area is North Barrington which depicts a households with retirement income of 19.7% (only about 5.3% larger).

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 in the mid point range of other places in the metropolitan area at $185,357 of the total. Second, it has one of the largest proportions of american indian family income at $240,563 of the total and is ranked #3. Only #2 Long Grove ($250,001), and #1 Kildeer ($250,001) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Hawthorn Woods depicts it has the hightest cost of 256.4 for the cost of housing aggregate.

Hawthorn Woods 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 January 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 12.5% to 4.5% in March 2020. This represents a decrease in the monthly unemployment rate of 64.0%. Since that time, the monthly unemployment rate has gone to 4.2% This represents a decrease in the monthly unemployment rate of 6.7%. 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 shows that from January 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 18,066 to 17,983 in March 2020. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 18,115 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 Hawthorn Woods depicts it has a Unemployment Rate of 1.0% which is the smallest in terms of unemployment rate of all the other places in the metro area. The city with the highest unemployment rate in the area is Forest Lake CDP which depicts a rate of 5.4% ( markedly bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Hawthorn Woods shows it has a Labor Force Participation of 68.4% which is less than most other places in the metro 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). Hawthorn Woods has the smallest proportion of employed at 1.0% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Hawthorn Woods shows full time employees approximately 3.3 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 Hawthorn Woods area. Hawthorn Woods shows it has a Single Earner Families of 33.0% which is the second most families with a single earner of all the places in the greater Hawthorn Woods region. The city with the highest families with a single earner in the area is North Barrington which shows a single earners rate of 38.1% (15.5% larger). The percentage of families with no one working is depicted in Figure 22. Hawthorn Woods depicts it has a Families with No One Working of 9.2% which is the second smallest in terms of families with no one working of all the other places in the area. The city with the highest families with no one working in the area is North Barrington which depicts a families with no worker of 17.7% (about twice as large).

Hawthorn Woods Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Hawthorn Woods 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. Hawthorn Woods depicts it has a Total In Poverty of 115 which is the second smallest in order of total people earning less than the poverty level of all the other places in the local area. The city with the highest total people earning less than the poverty level in the area is Mundelein which depicts a total people earning less than the poverty level of 1,576 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Hawthorn Woods shows it has a Percent of Population In Poverty of 1.4% which is the smallest as measured by percent of people earning less than the poverty level of all the other places in the area. The city with the highest percent of people earning less than the poverty level in the area is Mundelein which depicts a percent of people in poverty of 5.0% (approximately 3.7 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Hawthorn Woods has one of the largest proportions of person in poverty 12 to 17 years at 25% of the total and is ranked #2. The only larger city being Kildeer with 28%. Second, it has the smallest proportion of person in poverty 18 to 34 years at 18% of the total. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 36% of the total and is ranked #2. The only larger city being Forest Lake CDP with 43%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Hawthorn Woods has one of the largest proportions of people who are in poverty and unemployed at 29.6% of the total and is ranked #2. The only larger city being Long Grove with 42.9%. 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.) Hawthorn Woods shows it has a Public Assistance Percent of 0.7% which is the second smallest when sorted by households with public assistance of all the other places in the local area. The city with the highest households with public assistance in the area is Mundelein which shows a households with public assistance of 6.6% ( substantially bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Hawthorn Woods depicts it has a Gini Index of 37.0% which is the second smallest when ranked by the gini index of all the other places in the greater region.

Hawthorn Woods Illinois Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Hawthorn Woods or elsewhere.) Hawthorn Woods has the largest proportion of people who carpooled at 10% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Hawthorn Woods has the largest proportion of people who leave for work between 630 am to 7am at 23% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 8am to 830am at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Hawthorn Woods has the smallest proportion of people with commute time of less than 5 minutesutes at 3% 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 greater region in terms of people with commute time between 5 to 9 minutes at 6% of the total. Third, it has the largest proportion of people with commute time between 40 to 44 minutes at 21% of the total and is ranked #1.

The average commute time is shown in Figure 37. Hawthorn Woods shows it has a Avg Commute Time of 38 which is ranked #1 of all places in the local area. Figure 38 shows the difference between male versus female commuting time. Hawthorn Woods depicts average commute time in minutes for men 44.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Hawthorn Woods has the percentage of no vehicle available the second smallest when ranked by no vehicle available of all the other places in the local area at 2% of the total. Second, it has the second smallest in terms of no vehicle available of all the other places in the metropolitan area as measured by 1 vehicle available at 43% of the total. Third, it has one of the largest proportions of 2 vehicles available at 37% of the total and is ranked #2. The only larger city being Long Grove with 38%. Also, it has the largest proportion of 3 vehicles available at 13% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Hawthorn Woods depicts it has a Work in city or place where live of 13% which is the second smallest in terms of people who both work and live in the same city of all the other places in the area. The city with the highest people who both work and live in the same city in the area is North Barrington which depicts a people who both work and live in the same city of 29% (about twice as large). Comparing people who both work and live in the same city to the United States average of 42%, Hawthorn Woods is approximately a third the size. Also, measured against the state of Illinois, people who both work and live in the same city of 38%, Hawthorn Woods is approximately a third the size.

Hawthorn Woods 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. Hawthorn Woods depicts it has the hightest median earnings of $157,303 for the management, business, and financial occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Hawthorn Woods depicts it has the hightest median earnings of $130,125 for the management, business, and financial occupations group. The table in Figure 48, shows Hawthorn Woods employment data in terms of job categories and salary data.

Hawthorn Woods 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. Hawthorn Woods depicts it has the hightest entrepreneurs of 63% for the self employed management, business, science, and arts businesses aggregate.

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. Hawthorn Woods depicts it has the hightest entrepreneurs of 45% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Hawthorn Woods shows it has a Self Employment Income of $64,885 which is in the mid point range of other places in the metropolitan area. The city with the highest average annual self employment income in the area is Long Grove which shows an average annual self employment income of $126,440 (about twice as large). Comparing average annual self employment income to the United States average of $39,154, Hawthorn Woods is 65.7% larger. Also, in comparison with the state of Illinois, average annual self employment income of $38,734, Hawthorn Woods is 67.5% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Hawthorn Woods shows total number of self-employed men 62.6% larger as the total number of self-employed women.