Hume township Illinois Income Charts

This section shows the Hume township Illinois economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Hume township shows it has a median earnings per worker of $51,912 which is the most of all places in the greater region. Comparing median earnings per worker to the United States average of $47,712, Hume township is 8.8% larger. Also, versus the state of Illinois, median earnings per worker of $51,263, Hume township is only slightly 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 $60,882 which is the largest of all places in the area. Comparing median household income to the United States average of $60,293, Hume township is about the same size. Also, in comparison with the state of Illinois, median household income of $63,575, Hume township is only about 4.4% smaller.

The next section examines a variety of different income statistics for the Hume township metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 24.8% of the total and is ranked #1. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 12.0% of the total and is ranked #1. Third, it has the smallest proportion of earnings between $20,000 and $49,999 at 18.0% of the total. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 10.0% 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 an average hours of 34.6 which is the smallest when ranked by average hours of all the other places in the local area. The city with the highest average hours in the area is Como CDP which depicts an average hours of 41.7 (20.5% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $28.85 which is the most of all places in the greater Hume township region. Comparing average hourly earnings to the United States average of $23.71, Hume township is 21.7% larger. Also, benchmarked against the state of Illinois, average hourly earnings of $25.61, Hume township is 12.7% larger.

Figure 7 examines the number of self employed people in the Hume township metro area based on the number of people who reported any self employment income. Hume township depicts it has a percentage of people self employed of 7.5% 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 Lyndon which shows a percentage self employed of 13.9% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-25 to 44 years at $61,912 of the total and is ranked #2. The only larger city being Como CDP with $96,500. Second, it has one of the largest proportions of median income-45 to 64 years at $79,250 of the total and is ranked #2. The only larger city being Como CDP with $79,545. Third, it has the largest proportion of median income-65 years and over at $54,327 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 households with retirement income of 38.2% which is the largest of all places in the local area.

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 $80,972 of the total and is ranked #1. Second, it has the largest proportion of white family income at $80,972 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Hume township depicts it has the hightest cost of 111.2 for the cost of utilities aggregate.

Hume township 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 disasterous COVID-19 Pandemic the monthly unemployment rate went from 8.8% to 4.2% in December 2019. This represents a decrease in the monthly unemployment rate of 52.3%. Since that time, the monthly unemployment rate has gone to 4.2% 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 January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 13,823 to 12,105 in November 2019. This represents a decrease in the monthly labor force participation of 12.4%. Since that time, the monthly labor force participation has gone to 12,105 This represents an increase in the monthly labor force participation of very little. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Hume township depicts it has a participation rate of 58.6% 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. Hume township shows full time employees 54.5% larger 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 Hume township area. Hume township shows it has a families with a single earner of 47.3% which is ranked #1 of all places in the greater Hume township region. The percentage of families with no one working is depicted in Figure 22. Hume township shows it has a families with no one working of 13.2% which is the smallest in terms of families with no one working of all the other places in the greater region. The city with the highest families with no one working in the area is Como CDP which depicts a families with no worker of 45.9% (approximately 3.5 times bigger).

Hume township Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Hume township 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. Hume township shows it has a total people earning less than the poverty level of 27 which is the second smallest in order of total people earning less than the poverty level of all the other places in the metropolitan area. The city with the highest total people earning less than the poverty level in the area is Sterling which indicates a total people earning less than the poverty level of 1,782 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Hume township depicts it has a percent of people earning less than the poverty level of 6.0% which is the second smallest when ranked by percent of people earning less than the poverty level of all the other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Tampico which depicts a percent of people in poverty of 18.3% (approximately 3.0 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Hume township has the largest proportion of person in poverty 12 to 17 years at 37% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 35 to 54 years at 41% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Hume township has the percentage of white poverty rate the second smallest when ranked by white poverty rate of all the other places in the metro area at 6% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Hume township has the largest proportion of college graduate and in poverty at 10% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Hume township has the largest proportion of people who are in poverty and not in labor force at 22.2% of the total and is ranked #1. 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.) Hume township depicts it has a households with public assistance of 18.3% which is the third most of all other places in the local area. The city with the highest households with public assistance in the area is Rock Falls which shows a households with public assistance of 22.6% (23.6% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Hume township depicts it has a the gini index of 36.2% which is the second smallest in order of the gini index of all the other places in the local area.

Hume township 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 Hume township 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.) Hume township has the largest proportion of people who bicycle or walk to work at 7% 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 Hume township or elsewhere.) Hume township has one of the largest proportions of people who drove alone at 90% of the total and is ranked #2. The only larger city being Tampico with 95%. Second, it has the second smallest in order of people who drove alone of all the other places in the local area in order of people who carpooled at 3% of the total. Third, it has the largest proportion of people who walked at 7% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Hume township has the smallest proportion of people who leave for work between 12am to 5am at 2% of the total. Second, it has the largest proportion of people who leave for work between 5am to 530am at 30% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 530 am to 6am at 2% of the total. Also, it has the smallest proportion of people who leave for work between 630 am to 7am 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. Hume township has the smallest proportion of people with commute time between 5 to 9 minutes at 2% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 25% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 29% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 40 to 44 minutes at 5% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 45 to 59 minutes at 2% of the total. Furthermore, it has the largest proportion of people with commute time of 90 or more minutesutes at 4% of the total and is ranked #1.

The average commute time is shown in Figure 37. Hume township shows it has an average commute time of 20 which is the third most average commute time of all other places in the greater Hume township region. Figure 38 shows the difference between male versus female commuting time. Hume township shows average commute time in minutes for men only about 3.4% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Hume township has one of the largest proportions of no vehicle available at 4% of the total and is ranked #2. The only larger city being Rock Falls with 5%. Second, it has the smallest proportion of 3 vehicles available at 9% of the total. Third, it has the largest proportion of 5 or more vehicles available at 29% of the total and is ranked #1.

Hume township 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. Hume township shows it has the hightest median earnings of $60,588 for the earnings-sales and office occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Hume township shows it has the hightest median earnings of $78,000 for the earnings-sales and office occupations category. The table in Figure 48, shows Hume township employment data in terms of job categories and salary data.

Hume township 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. Hume township depicts it has the hightest entrepreneurs of 100% 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. Hume township shows it has the hightest entrepreneurs of 100% for the self employed in manufacturing category.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Hume township depicts total number of self-employed men about the same size as the total number of self-employed women.