Nunda township Illinois Income Charts

This section shows the Nunda 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, Nunda township depicts it has a median earnings per worker of $58,564 which is the third most of all other places in the metro area. The city with the highest median earnings per worker in the area is Prairie Grove which depicts a median earnings of $83,889 (43.2% larger). Comparing median earnings per worker to the United States average of $47,712, Nunda township is 22.7% larger. Also, compared with the state of Illinois, median earnings per worker of $51,263, Nunda township is 14.2% 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 $88,175 which is the third most median income of all other places in the greater Nunda township region. The city with the highest median household income in the area is Prairie Grove which shows a median income of $112,143 (27.2% larger). Comparing median household income to the United States average of $60,293, Nunda township is 46.2% larger. Also, in contrast to the state of Illinois, median household income of $63,575, Nunda township is 38.7% larger.

The next section examines a variety of different income statistics for the Nunda township metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings of $100,000 more at 15.1% of the total and is ranked #2. The only larger city being Prairie Grove with 25.7%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 39.2 which is the third most average hours of all other places in the greater Nunda township region. The city with the highest average hours in the area is Holiday Hills which depicts an average hours of 39.8 ( 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 an average hourly earnings of $28.73 which is the third most of all other places in the metro area. The city with the highest average hourly earnings in the area is Prairie Grove which shows an average hourly earnings of $42.45 (47.8% larger). Comparing average hourly earnings to the United States average of $23.71, Nunda township is 21.2% larger. Also, in comparison with the state of Illinois, average hourly earnings of $25.61, Nunda township is 12.2% larger.

Figure 7 examines the number of self employed people in the Nunda township metro area based on the number of people who reported any self employment income. Nunda township depicts it has a percentage of people self employed of 12.9% which is the third most people self employed of all other places in the greater Nunda township region. The city with the highest percentage of people self employed in the area is Holiday Hills which shows a percentage self employed of 17.6% (37.0% larger).

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 $90,485 of the total and is ranked #3. Only #2 Crystal Lake ($91,133), and #1 Prairie Grove ($126,250) are larger. Second, it has one of the largest proportions of median income-45 to 64 years at $102,618 of the total and is ranked #3. Only #2 Crystal Lake ($104,043), and #1 Prairie Grove ($121,250) are larger. Third, it has one of the largest proportions of median income-65 years and over at $58,036 of the total and is ranked #2. The only larger city being Oakwood Hills with $72,321.

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 16.9% which is less than most other places in the metropolitan area. The city with the highest households with retirement income in the area is Oakwood Hills which shows a households with retirement income of 19.6% (16.3% larger).

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 $101,793 of the total and is ranked #3. Only #2 Crystal Lake ($101,845), and #1 Prairie Grove ($127,321) are larger. Second, it has one of the largest proportions of white family income at $102,662 of the total and is ranked #3. Only #2 Crystal Lake ($102,971), and #1 Prairie Grove ($138,056) are larger. Third, it has the largest proportion of asian family income at $142,636 of the total and is ranked #1. Also, it has one of the largest proportions of hispanic family income at $69,487 of the total and is ranked #2. The only larger city being Oakwood Hills with $95,096.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Nunda township depicts it has the hightest cost of 112.9 for the cost of housing classification.

Nunda 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 11.7% to 2.6% in December 2019. This represents a decrease in the monthly unemployment rate of 77.8%. Since that time, the monthly unemployment rate has gone to 2.6% 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 depicts that from January 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 14,321 to 14,049 in November 2019. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 14,049 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 Nunda township depicts it has an unemployment rate of 3.3% which is the third most of all other places in the area. The city with the highest unemployment rate in the area is Holiday Hills which depicts a rate of 5.5% (63.7% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Nunda township shows it has a participation rate of 70.2% which is in the center range of other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Nunda township indicates full time employees approximately 3.4 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 Nunda township area. Nunda township depicts it has a families with a single earner of 28.8% which is in the mid range of other places in the local area. The city with the highest families with a single earner in the area is Prairie Grove which depicts a single earners rate of 31.9% (10.9% larger). The percentage of families with no one working is depicted in Figure 22. Nunda township shows it has a families with no one working of 9.9% which is the second smallest when ranked by families with no one working of all the other places in the metropolitan area. The city with the highest families with no one working in the area is Holiday Hills which shows a families with no worker of 12.2% (23.1% larger).

Nunda township Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Nunda 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. Nunda township shows it has a total people earning less than the poverty level of 1,869 which is the second most of all the places in the metropolitan area. The city with the highest total people earning less than the poverty level in the area is Crystal Lake which shows a total people earning less than the poverty level of 2,868 (53.5% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Nunda township shows it has a percent of people earning less than the poverty level of 5.0% 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 Holiday Hills which shows a percent of people in poverty of 9.5% (about twice as large).



The next chart, Figure 26, shows the percentage of people in poverty by racial group. Nunda township has the largest proportion of black poverty rate at 62% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Nunda township has the percentage of unmarried with children and in poverty less than most other places in the surrounding region at 21% of the total. Second, it has less than most other places in the local area as measured by unmarried female with children and in poverty at 26% 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.) Nunda township shows it has a households with public assistance of 7.1% which is in the center range of other places in the local area. The city with the highest households with public assistance in the area is Holiday Hills which depicts a households with public assistance of 8.6% (21.3% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Nunda township depicts it has a the gini index of 41.3% which is the third most the gini index of all other places in the greater Nunda township region.

Nunda township Illinois Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Nunda township or elsewhere.) Nunda township has the largest proportion of people who bike at 0% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Nunda township has one of the largest proportions of people with commute time between 5 to 9 minutes at 11% of the total and is ranked #2. The only larger city being McHenry with 12%.

The average commute time is shown in Figure 37. Nunda township shows it has an average commute time of 33 which is the third most of all other places in the local area. Figure 38 shows the difference between male versus female commuting time. Nunda township depicts average commute time in minutes for men 61.7% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Nunda township has the percentage of 4 vehicles available in the center range of other places in the local area at 11% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Nunda township depicts it has a people who both work and live in the same city of 21% which is the third most of all other places in the local area. The city with the highest people who both work and live in the same city in the area is McHenry which shows a people who both work and live in the same city of 32% (51.3% larger). Comparing people who both work and live in the same city to the United States average of 42%, Nunda township is approximately half the size. Also, benchmarked against the state of Illinois, people who both work and live in the same city of 38%, Nunda township is approximately half the size.

Nunda 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. Nunda township shows it has the hightest median earnings of $103,299 for the management, business, and financial occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Nunda township depicts it has the hightest median earnings of $83,542 for the earnings-computer, engineering, and science occupations group. The table in Figure 48, shows Nunda township employment data in terms of job categories and salary data.

Nunda 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. Nunda township depicts it has the hightest entrepreneurs of 57% for the self employed management, business, science, and arts businesses grouping.

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. Nunda township shows it has the hightest entrepreneurs of 32% for the self employed in construction group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Nunda township depicts it has an average annual self employment income of $45,069 which is the second most of all the places in the area. The city with the highest average annual self employment income in the area is Prairie Grove which shows an average annual self employment income of $69,741 (54.7% larger). Comparing average annual self employment income to the United States average of $37,819, Nunda township is 19.2% larger. Also, benchmarked against the state of Illinois, average annual self employment income of $37,670, Nunda township is 19.6% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Nunda township shows total number of self-employed men about twice as large as the total number of self-employed women.