Palos township Illinois Income Charts

This section shows the Palos 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, Palos township shows it has a median earnings per worker of $53,655 which is in the mid range of other places in the metro area. The city with the highest median earnings per worker in the area is Palos Park which shows a median earnings of $79,452 (48.1% larger). Comparing median earnings per worker to the United States average of $47,712, Palos township is 12.5% larger. Also, versus the state of Illinois, median earnings per worker of $51,263, Palos township is only about 4.7% 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 $65,549 which is less than most other places in the greater region. The city with the highest median household income in the area is Palos Park which shows a median income of $92,143 (40.6% larger). Comparing median household income to the United States average of $60,293, Palos township is 8.7% larger. Also, versus the state of Illinois, median household income of $63,575, Palos township is only about 3.1% larger.

The next section examines a variety of different income statistics for the Palos township metropolitan area. In Figure 3 we see that it has the percentage of earnings of $100,000 more in the center range of other places in the greater region at 11.7% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 38.0 which is less than most other places in the metro area. The city with the highest average hours in the area is Willow Springs which shows an average hours of 40.9 (7.6% 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 $27.15 which is in the middle range of other places in the local area. The city with the highest average hourly earnings in the area is Palos Park which shows an average hourly earnings of $40.00 (47.3% larger). Comparing average hourly earnings to the United States average of $23.71, Palos township is 14.5% larger. Also, compared with the state of Illinois, average hourly earnings of $25.61, Palos township is 6.0% larger.

Figure 7 examines the number of self employed people in the Palos township metro area based on the number of people who reported any self employment income. Palos township indicates it has a percentage of people self employed of 10.6% which is the third most people self employed of all other places in the greater Palos township region. The city with the highest percentage of people self employed in the area is Willow Springs which shows a percentage self employed of 13.7% (28.9% larger).

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 $41,125 of the total and is ranked #1. Second, it has in the mid range of other places in the local area when sorted by median income-25 to 44 years at $67,080 of the total. Third, it has less than most other places in the surrounding region when ranked by median income-45 to 64 years at $81,883 of the total. Also, it has one of the largest proportions of median income-65 years and over at $47,440 of the total and is ranked #3. Only #2 Palos Heights ($60,436), and #1 Willow Springs ($72,500) 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 households with retirement income of 23.2% which is the second most households with retirement income of all the places in the greater Palos township region. The city with the highest households with retirement income in the area is Palos Heights which shows a households with retirement income of 28.9% (24.6% 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 middle range of other places in the area at $80,250 of the total. Second, it has in the middle range of other places in the surrounding region in terms of white family income at $80,853 of the total. Third, it has one of the largest proportions of black family income at $55,344 of the total and is ranked #2. The only larger city being Palos Heights with $74,659. Also, it has the largest proportion of american indian family income at $21,786 of the total and is ranked #1. In addition, it has one of the largest proportions of asian family income at $93,412 of the total and is ranked #2. The only larger city being Palos Heights with $250,001. Furthermore, it has less than most other places in the metro area when sorted by hispanic family income at $63,045 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Palos township depicts it has the hightest cost of 117.3 for the cost of utilities category.

Palos 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 shows that from February 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 12.1% to 2.8% in December 2019. This represents a decrease in the monthly unemployment rate of 76.9%. Since that time, the monthly unemployment rate has gone to 2.8% 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 disasterous Coronavirus Pandemic the monthly labor force participation went from 28,766 to 27,667 in November 2019. This represents a decrease in the monthly labor force participation of 3.8%. Since that time, the monthly labor force participation has gone to 27,667 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 Palos township depicts it has an unemployment rate of 3.8% which is the second most of all the places in the metro area. The city with the highest unemployment rate in the area is Hickory Hills which shows a rate of 4.1% (6.9% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Palos township depicts it has a participation rate of 61.0% which is less than most other places in the greater region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Palos township depicts full time employees approximately 2.7 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 Palos township area. Palos township shows it has a families with a single earner of 34.3% which is in the mid point range of other places in the greater region. The city with the highest families with a single earner in the area is Worth which depicts a single earners rate of 44.6% (30.0% larger). The percentage of families with no one working is depicted in Figure 22. Palos township shows it has a families with no one working of 18.8% which is in the middle range of other places in the local area. The city with the highest families with no one working in the area is Palos Heights which shows a families with no worker of 24.7% (31.4% larger).

Palos township Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Palos 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. Palos township depicts it has a total people earning less than the poverty level of 5,963 which is more than all other places in the greater region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Palos township shows it has a percent of people earning less than the poverty level of 11.0% which is the second most percent of people earning less than the poverty level of all the places in the greater Palos township region. The city with the highest percent of people earning less than the poverty level in the area is Palos Hills which depicts a percent of people in poverty of 11.5% (only about 4.4% larger).

In Figure 25 people who are in poverty are broken out by age group. Palos township has the largest proportion of person in poverty 12 to 17 years at 14% of the total and is ranked #1. Second, it has less than most other places in the local area as measured by person in poverty 65+ years at 14% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Palos township has one of the largest proportions of american indian poverty rate at 7% of the total and is ranked #2. The only larger city being Palos Hills with 100%. Second, it has one of the largest proportions of hispanicp poverty rate at 16% of the total and is ranked #2. The only larger city being Palos Hills with 20%.

Figure 27 shows key poverty statistics for groups based on marriage status. Palos township has the largest proportion of unmarried with children and in poverty at 37% of the total and is ranked #1. Second, it has the largest proportion of unmarried female with children and in poverty at 32% of the total and is ranked #1. Third, it has one of the largest proportions of unmarried male with children and in poverty at 47% of the total and is ranked #2. The only larger city being Palos Heights with 53%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Palos township has one of the largest proportions of less than highschool in poverty at 21% of the total and is ranked #2. The only larger city being Palos Hills with 26%. 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.) Palos township depicts it has a households with public assistance of 8.8% which is less than most other places in the surrounding region. The city with the highest households with public assistance in the area is Worth which shows a households with public assistance of 15.9% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Palos township depicts it has a the gini index of 44.8% which is the second most the gini index of all the places in the greater Palos township region.

Palos township Illinois Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Palos township has the percentage of people who leave for work between 12am to 5am the second smallest in terms of people who leave for work between 12am to 5am of all the other places in the metro area at 3% of the total.

The average commute time is shown in Figure 37. Palos township shows it has an average commute time of 33 which is less than most other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Palos township shows average commute time in minutes for men 21.1% larger as the average commute time in minutes for women. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Palos township shows it has a people who both work and live in the same city of 10% which is less than most 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 Palos Heights which depicts a people who both work and live in the same city of 20% (about twice as large). Comparing people who both work and live in the same city to the United States average of 42%, Palos township is approximately a quarter the size. Also, in contrast to the state of Illinois, people who both work and live in the same city of 38%, Palos township is approximately a quarter the size.

Palos 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. Palos township shows it has the hightest median earnings of $133,125 for the earnings-healthcare practitioners and tech occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Palos township shows it has the hightest median earnings of $70,455 for the earnings-protective service occupations aggregate. The table in Figure 48, shows Palos township employment data in terms of job categories and salary data.

Palos 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. Palos township shows it has the hightest entrepreneurs of 47% for the self employed management, business, science, and arts 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. Palos township depicts it has the hightest entrepreneurs of 27% for the self employed in construction classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Palos township depicts it has an average annual self employment income of $40,362 which is the third most of all other places in the greater region. The city with the highest average annual self employment income in the area is Palos Heights which shows an average annual self employment income of $92,376 (approximately 2.3 times bigger). Comparing average annual self employment income to the United States average of $37,819, Palos township is 6.7% larger. Also, measured against the state of Illinois, average annual self employment income of $37,670, Palos township is 7.1% larger.

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