McCullom Lake Illinois Income Charts

This section shows the McCullom Lake Illinois economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, McCullom Lake depicts it has a Median earnings of $45,486 which is the smallest as measured by median earnings per worker of all the other places in the surrounding region. The city with the highest median earnings per worker in the area is Bull Valley which shows a median earnings of $85,313 (about twice as large). Comparing median earnings per worker to the United States average of $49,041, McCullom Lake is about 7.8% smaller. Also, measured against the state of Illinois, median earnings per worker of $52,292, McCullom Lake is about 15.0% 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 $65,625 which is the smallest in order of median household income of all the other places in the local area. The city with the highest median household income in the area is Johnsburg which depicts a median income of $117,684 (79.3% larger). Comparing median household income to the United States average of $62,843, McCullom Lake is only about 4.4% larger. Also, in comparison with the state of Illinois, median household income of $65,886, McCullom Lake is about the same size.

The next section examines a variety of different income statistics for the McCullom Lake metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $15,000 and $19,999 at 36.2% of the total and is ranked #1. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 28.2% of the total and is ranked #1. Third, it has the smallest proportion of earnings between $50,000 and $74,999 at 5.9% of the total. Also, it has the smallest proportion of earnings between $75,000 and $99,999 at 3.6% 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 41.3 which is the second most average hours of all the places in the greater McCullom Lake region. The city with the highest average hours in the area is Wonder Lake which shows an average hours of 42.4 (only about 2.7% 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 $21.18 which is the smallest in terms of average hourly earnings of all the other places in the surrounding region. The city with the highest average hourly earnings in the area is Bull Valley which shows an average hourly earnings of $40.91 (about twice as large). Comparing average hourly earnings to the United States average of $24.31, McCullom Lake is about 14.8% smaller. Also, measured against the state of Illinois, average hourly earnings of $26.05, McCullom Lake is about 23.0% smaller.

Figure 7 examines the number of self employed people in the McCullom Lake metro area based on the number of people who reported any self employment income. McCullom Lake depicts it has a Self Employed of 13.3% which is the third most of all other places in the metro area. The city with the highest percentage of people self employed in the area is Johnsburg which depicts a percentage self employed of 15.7% (18.5% larger).

Turning our attention to Figure 8, the median household income by age group, has the smallest proportion of median income-under 25 years at $66,912 of the total. Second, it has the smallest proportion of median income-25 to 44 years at $74,018 of the total. Third, it has in the mid range of other places in the local area when ranked by median income-45 to 64 years at $47,083 of the total.

Figure 9 breaks down the source of income and McCullom Lake has the smallest proportion of self employment income at 3.9% of the total. Second, it has the largest proportion of investment and retirement income at 7.2% 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 With Retirement Income of 9.2% which is the smallest in terms of households with retirement income of all the other places in the local area. The city with the highest households with retirement income in the area is Bull Valley which shows a households with retirement income of 28.3% (approximately 3.1 times bigger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $64,375 of the total. Second, it has one of the largest proportions of hawaiian family income at $79,219 of the total and is ranked #2. The only larger city being Lakemoor with $146,354.

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

McCullom Lake 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 Coronavirus Pandemic the monthly unemployment rate went from 11.7% to 3.3% in February 2020. This represents a decrease in the monthly unemployment rate of 71.8%. Since that time, the monthly unemployment rate has gone to 5.4% This represents an increase in the monthly unemployment rate of 63.6%. 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 disasterous COVID-19 Pandemic the monthly labor force participation went from 14,427 to 14,010 in February 2020. This represents a decrease in the monthly labor force participation of 2.9%. Since that time, the monthly labor force participation has gone to 13,123 This represents a decrease in the monthly labor force participation of 6.3%.

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 McCullom Lake depicts it has a Unemployment Rate of 2.7% which is the third most unemployment rate of all other places in the greater McCullom Lake region. The city with the highest unemployment rate in the area is Wonder Lake which depicts a rate of 3.2% (20.1% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. McCullom Lake depicts it has a Labor Force Participation of 72.8% which is the second most of all the places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. McCullom Lake depicts full time employees approximately 5.0 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 McCullom Lake area. McCullom Lake depicts it has a Single Earner Families of 23.8% which is less than most other places in the local area. The city with the highest families with a single earner in the area is Bull Valley which depicts a single earners rate of 46.4% (about twice as large). The percentage of families with no one working is depicted in Figure 22. McCullom Lake shows it has a Families with No One Working of 9.8% which is in the mid range of other places in the surrounding region. The city with the highest families with no one working in the area is Johnsburg which shows a families with no worker of 18.3% (about twice as large).

McCullom Lake Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the McCullom Lake 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. McCullom Lake depicts it has a Total In Poverty of 39 which is the second smallest in order of total people earning less than the poverty level of all the other places in the greater region. The city with the highest total people earning less than the poverty level in the area is McHenry which depicts a total people earning less than the poverty level of 1,710 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. McCullom Lake shows it has a Percent of Population In Poverty of 3.6% which is the second smallest in order of percent of people earning less than the poverty level of all the other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Wonder Lake which depicts a percent of people in poverty of 12.2% (approximately 3.4 times bigger).

In Figure 25 people who are in poverty are broken out by age group. McCullom Lake has the largest proportion of person in poverty 18 to 34 years at 77% of the total and is ranked #1. Second, it has one of the largest proportions of person in poverty 55 to 64 years at 23% of the total and is ranked #3. Only #2 Ringwood (26%), and #1 Bull Valley (43%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. McCullom Lake has the largest proportion of less than highschool in poverty at 13% 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. McCullom Lake has one of the largest proportions of people who are in poverty and unemployed at 28.2% of the total and is ranked #2. The only larger city being Wonder Lake with 34.9%. 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.) McCullom Lake shows it has a Public Assistance Percent of 7.4% which is the third most households with public assistance of all other places in the greater McCullom Lake region. The city with the highest households with public assistance in the area is Lakemoor which shows a households with public assistance of 10.9% (46.8% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). McCullom Lake depicts it has a Gini Index of 32.6% which is the second smallest in order of the gini index of all the other places in the metro area.

McCullom Lake Illinois Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown McCullom Lake or elsewhere.) McCullom Lake has the largest proportion of people who carpooled at 9% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. McCullom Lake has the smallest proportion of people who leave for work between 12am to 5am at 1% of the total. Second, it has the largest proportion of people who leave for work between 530 am to 6am at 12% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 630 am to 7am at 17% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 8am to 830am at 10% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 830 am to 9am 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. McCullom Lake has one of the largest proportions of people with commute time of less than 5 minutesutes at 8% of the total and is ranked #2. The only larger city being McHenry with 13%. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 5% of the total. Third, it has the largest proportion of people with commute time between 25 to 29 minutes at 17% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 30 to 34 minutes at 2% of the total. In addition, it has the smallest proportion of people with commute time between 45 to 59 minutes at 11% of the total.

The average commute time is shown in Figure 37. McCullom Lake shows it has a Avg Commute Time of 33 which is less than most other places in the area. Figure 38 shows the difference between male versus female commuting time. McCullom Lake shows average commute time in minutes for men 45.3% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and McCullom Lake has the largest proportion of no vehicle available at 20% of the total and is ranked #1. Second, it has one of the largest proportions of 1 vehicle available at 49% of the total and is ranked #2. The only larger city being Wonder Lake with 59%. Third, it has the second smallest when ranked by no vehicle available of all the other places in the metro area when sorted by 3 vehicles available at 3% of the total. Also, it has the second smallest when ranked by no vehicle available of all the other places in the surrounding region when ranked by 4 vehicles available at 1% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) McCullom Lake shows it has a Work in city or place where live of 12% which is in the center range of other places in the metropolitan area. The city with the highest people who both work and live in the same city in the area is McHenry which depicts a people who both work and live in the same city of 30% (approximately 2.4 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, McCullom Lake is approximately a third the size. Also, compared to the state of Illinois, people who both work and live in the same city of 38%, McCullom Lake is approximately a third the size.

McCullom Lake 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. McCullom Lake depicts it has the hightest median earnings of $86,667 for the management, business, and financial occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and McCullom Lake depicts it has the hightest median earnings of $52,045 for the management, business, and financial occupations category. The table in Figure 48, shows McCullom Lake employment data in terms of job categories and salary data.

McCullom Lake 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. McCullom Lake depicts it has the hightest entrepreneurs of 38% 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. McCullom Lake indicates it has the hightest entrepreneurs of 50% for the self employed in agriculture, forestry, fishing and hunting, and mining group.

In Figure 51 the average annual self employment/entrepreneur income is shown. McCullom Lake depicts it has a Self Employment Income of $19,860 which is the smallest when sorted by average annual self employment income of all the other places in the local area. The city with the highest average annual self employment income in the area is Johnsburg which shows an average annual self employment income of $61,395 (approximately 3.1 times bigger). Comparing average annual self employment income to the United States average of $39,154, McCullom Lake is approximately half the size. Also, benchmarked against the state of Illinois, average annual self employment income of $38,734, McCullom Lake is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) McCullom Lake depicts total number of self-employed men 66.7% larger as the total number of self-employed women.