Lake Holiday CDP Illinois Income Charts

This section shows the Lake Holiday 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, Lake Holiday CDP shows it has a Median earnings of $53,080 which is the third most of all other places in the local area. The place with the highest median earnings per worker in the area is Millbrook which depicts a median earnings of $57,292 (7.9% larger). Comparing median earnings per worker to the United States average of $49,041, Lake Holiday CDP is 8.2% larger. Also, benchmarked against the state of Illinois, median earnings per worker of $52,292, Lake Holiday CDP 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 $85,648 which is the second most median income of all the places in the greater Lake Holiday CDP region. The place with the highest median household income in the area is Millbrook which depicts a median income of $85,938 ( about the same size). Comparing median household income to the United States average of $62,843, Lake Holiday CDP is 36.3% larger. Also, in comparison with the state of Illinois, median household income of $65,886, Lake Holiday CDP is 30.0% larger.

The next section examines a variety of different income statistics for the Lake Holiday CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $50,000 and $74,999 at 11.4% 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 40.4 which is the second most average hours of all the places in the greater Lake Holiday CDP region. The place with the highest average hours in the area is Millington which depicts an average hours of 41.4 ( only slightly 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 $25.27 which is the second most average hourly earnings of all the places in the greater Lake Holiday CDP region. The place with the highest average hourly earnings in the area is Millbrook which shows an average hourly earnings of $27.82 (10.1% larger). Comparing average hourly earnings to the United States average of $24.31, Lake Holiday CDP is only about 3.9% larger. Also, measured against the state of Illinois, average hourly earnings of $26.05, Lake Holiday CDP is only about 3.1% smaller.

Figure 7 examines the number of self employed people in the Lake Holiday CDP metro area based on the number of people who reported any self employment income. Lake Holiday CDP depicts it has a Self Employed of 7.0% which is less than most other places in the surrounding region. The place with the highest percentage of people self employed in the area is Leland which shows a percentage self employed of 16.0% (approximately 2.3 times 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 $95,000 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $91,667 of the total and is ranked #2. The only larger place being Millbrook with $109,250. Third, it has one of the largest proportions of median income-45 to 64 years at $61,563 of the total and is ranked #3. Only #2 Somonauk ($61,786), and #1 Millbrook ($62,500) are larger.

Figure 9 breaks down the source of income and Lake Holiday CDP has the smallest proportion of income from wages at 0.4% 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 26.9% which is more than all other places in the greater Lake Holiday CDP region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $86,389 of the total and is ranked #2. The only larger place being Millbrook with $98,750.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Lake Holiday CDP depicts it has the hightest cost of 116.1 for the cost of utilities category.

Lake Holiday 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 COVID-19 Pandemic the monthly unemployment rate went from 9.6% to 2.7% in February 2020. This represents a decrease in the monthly unemployment rate of 71.9%. Since that time, the monthly unemployment rate has gone to 5.8% This represents an increase in the monthly unemployment rate of 114.8%. 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 shows that from February 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 16,520 to 18,883 in February 2020. This represents an increase in the monthly labor force participation of 14.3%. Since that time, the monthly labor force participation has gone to 17,857 This represents a decrease in the monthly labor force participation of 5.4%.

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 Lake Holiday CDP shows it has a Unemployment Rate of 5.1% which is the second most of all the places in the local area. The place with the highest unemployment rate in the area is Millbrook which shows a rate of 5.3% (only about 3.5% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lake Holiday CDP shows it has a Labor Force Participation of 68.8% which is in the mid range of other places in the surrounding region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lake Holiday CDP depicts full time employees approximately 3.8 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 Lake Holiday CDP area. Lake Holiday CDP depicts it has a Single Earner Families of 28.4% which is less than most other places in the greater region. The place with the highest families with a single earner in the area is Millington which shows a single earners rate of 35.4% (24.4% larger). The percentage of families with no one working is depicted in Figure 22. Lake Holiday CDP shows it has a Families with No One Working of 17.4% which is the second most of all the places in the metro area. The place with the highest families with no one working in the area is Sandwich which shows a families with no worker of 17.7% ( only slightly larger).

Lake Holiday CDP Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Lake Holiday 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. Lake Holiday CDP depicts it has a Total In Poverty of 431 which is the second most total people earning less than the poverty level of all the places in the greater Lake Holiday CDP region. The place with the highest total people earning less than the poverty level in the area is Sandwich which indicates a total people earning less than the poverty level of 613 (42.2% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lake Holiday CDP depicts it has a Percent of Population In Poverty of 9.6% which is the third most percent of people earning less than the poverty level of all other places in the greater Lake Holiday CDP region. The place with the highest percent of people earning less than the poverty level in the area is Sheridan which shows a percent of people in poverty of 17.0% (77.5% larger).

In Figure 25 people who are in poverty are broken out by age group. Lake Holiday CDP has the largest proportion of person in poverty under 12 years at 28% of the total and is ranked #1. Second, it has the second smallest when sorted by person in poverty under 12 years of all the other places in the local area when ranked by person in poverty 12 to 17 years at 26% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Lake Holiday CDP has the largest proportion of married with children and in poverty at 70% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 64% of the total and is ranked #1. Third, it has the largest proportion of unmarried female 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. Lake Holiday CDP has the smallest proportion of less than highschool in poverty at 1% 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.) Lake Holiday CDP depicts it has a Public Assistance Percent of 9.9% which is in the middle range of other places in the local area. The place with the highest households with public assistance in the area is Sheridan which depicts a households with public assistance of 15.4% (56.3% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lake Holiday CDP depicts it has a Gini Index of 28.9% which is the smallest when ranked by the gini index of all the other places in the local area.

Lake Holiday CDP Illinois Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lake Holiday CDP has the smallest proportion of people who leave for work between 5am to 530am at 4% of the total. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 16% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 12noon to 4pm 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. Lake Holiday CDP has the smallest proportion of people with commute time of less than 5 minutesutes at 2% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 10% of the total and is ranked #2. The only larger place being Somonauk with 11%. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 12% of the total and is ranked #2. The only larger place being Leland with 13%. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 9% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 25 to 29 minutes at 10% of the total. Furthermore, it has the smallest proportion of people with commute time between 30 to 34 minutes at 3% of the total.

The average commute time is shown in Figure 37. Lake Holiday CDP shows it has a Avg Commute Time of 36 which is the second most average commute time of all the places in the greater Lake Holiday CDP region. Figure 38 shows the difference between male versus female commuting time. Lake Holiday CDP depicts average commute time in minutes for men 67.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lake Holiday CDP has the smallest proportion of no vehicle available at 6% of the total. Second, it has the largest proportion of 2 vehicles available at 35% of the total and is ranked #1. Third, it has the second smallest in terms of no vehicle available of all the other places in the greater region when ranked by 3 vehicles available at 8% of the total. Also, it has the largest proportion of 4 vehicles available at 11% 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.) Lake Holiday CDP shows it has a Work in city or place where live of 7% which is the second smallest when ranked by people who both work and live in the same city of all the other places in the greater region. The place with the highest people who both work and live in the same city in the area is Sandwich which shows a people who both work and live in the same city of 27% (approximately 4.0 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Lake Holiday CDP is approximately a sixth the size. Also, measured against the state of Illinois, people who both work and live in the same city of 38%, Lake Holiday CDP is approximately a sixth the size.

Lake Holiday 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. Lake Holiday CDP indicates it has the hightest median earnings of $83,462 for the management, business, and financial occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Lake Holiday CDP depicts it has the hightest median earnings of $51,042 for the earnings-education, legal, community service, arts, media occupations aggregate. The table in Figure 48, shows Lake Holiday CDP employment data in terms of job categories and salary data.

Lake Holiday CDP 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. Lake Holiday CDP shows it has the hightest entrepreneurs of 61% for the self employed in production, transportation, and material moving businesses group.

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. Lake Holiday CDP depicts it has the hightest entrepreneurs of 61% for the self employed in transportation, warehousing, and utilities aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lake Holiday CDP depicts it has a Self Employment Income of $5,556 which is the smallest when ranked by average annual self employment income of all the other places in the area. The place with the highest average annual self employment income in the area is Millbrook which shows an average annual self employment income of $68,133 ( appreciably bigger). Comparing average annual self employment income to the United States average of $39,154, Lake Holiday CDP is approximately a sixth the size. Also, in contrast to the state of Illinois, average annual self employment income of $38,734, Lake Holiday CDP is approximately a sixth the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lake Holiday CDP depicts total number of self-employed men approximately half the size as the total number of self-employed women.