Plato township Illinois Income Charts

This section shows the Plato 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, Plato township depicts it has a median earnings per worker of $74,310 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 Campton Hills which shows a median earnings of $87,240 (17.4% larger). Comparing median earnings per worker to the United States average of $47,712, Plato township is 55.7% larger. Also, compared with the state of Illinois, median earnings per worker of $51,263, Plato township is 45.0% 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 $136,084 which is the second most median income of all the places in the greater Plato township region. The city with the highest median household income in the area is Campton Hills which shows a median income of $139,500 (only about 2.5% larger). Comparing median household income to the United States average of $60,293, Plato township is approximately 2.3 times bigger. Also, versus the state of Illinois, median household income of $63,575, Plato township is about twice as large.

The next section examines a variety of different income statistics for the Plato township metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 less than most other places in the greater region at 10.9% of the total. Second, it has one of the largest proportions of earnings of $100,000 more at 26.0% of the total and is ranked #2. The only larger city being Campton Hills with 30.5%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 38.9 which is in the middle range of other places in the metro area. The city with the highest average hours in the area is Pingree Grove which depicts an average hours of 42.3 (8.7% 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 $36.74 which is the third most average hourly earnings of all other places in the greater Plato township region. The city with the highest average hourly earnings in the area is Campton Hills which depicts an average hourly earnings of $43.58 (18.6% larger). Comparing average hourly earnings to the United States average of $23.71, Plato township is 54.9% larger. Also, measured against the state of Illinois, average hourly earnings of $25.61, Plato township is 43.5% larger.

Figure 7 examines the number of self employed people in the Plato township metro area based on the number of people who reported any self employment income. Plato township shows it has a percentage of people self employed of 8.4% which is the second smallest in terms of percentage of people self employed of all the other places in the local area. The city with the highest percentage of people self employed in the area is Pingree Grove which shows a percentage self employed of 17.4% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-25 to 44 years at $189,601 of the total and is ranked #1. Second, it has one of the largest proportions of median income-45 to 64 years at $137,372 of the total and is ranked #3. Only #2 Lily Lake ($146,667), and #1 Campton Hills ($171,628) are larger. Third, it has one of the largest proportions of median income-65 years and over at $66,961 of the total and is ranked #2. The only larger city being Lily Lake with $81,250.

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 19.9% which is the second most households with retirement income of all the places in the greater Plato township region. The city with the highest households with retirement income in the area is Lily Lake which depicts a households with retirement income of 22.7% (14.1% larger).

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 $162,537 of the total and is ranked #1. Second, it has one of the largest proportions of white family income at $136,352 of the total and is ranked #2. The only larger city being Campton Hills with $154,570.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Plato township indicates it has the hightest cost of 182.9 for the cost of housing group.

Plato 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 disasterous Coronavirus Pandemic the monthly unemployment rate went from 16.4% to 6.0% in December 2019. This represents a decrease in the monthly unemployment rate of 63.4%. Since that time, the monthly unemployment rate has gone to 6.0% 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 Coronavirus Pandemic the monthly labor force participation went from 58,188 to 57,391 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 57,391 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 Plato township depicts it has an unemployment rate of 2.5% which is in the mid range of other places in the local area. The city with the highest unemployment rate in the area is Gilberts which depicts a rate of 5.3% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Plato township shows it has a participation rate of 68.8% which is the smallest as measured by participation rate of all the other places in the greater region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Plato township has the largest proportion of not in labor force at 31.2% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Plato township depicts full time employees approximately 2.8 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 Plato township area. Plato township indicates it has a families with a single earner of 29.0% which is in the mid range of other places in the greater region. The city with the highest families with a single earner in the area is Lily Lake which shows a single earners rate of 36.4% (25.5% larger). The percentage of families with no one working is depicted in Figure 22. Plato township shows it has a families with no one working of 13.1% which is ranked #1 of all places in the greater Plato township region.

Plato township Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Plato 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. Plato township depicts it has a total people earning less than the poverty level of 188 which is less than most other places in the metro area. The city with the highest total people earning less than the poverty level in the area is Elgin which shows a total people earning less than the poverty level of 12,998 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Plato township depicts it has a percent of people earning less than the poverty level of 3.0% which is in the middle range of other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Elgin which shows a percent of people in poverty of 11.7% (approximately 3.9 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Plato township has the percentage of person in poverty 18 to 34 years the second smallest as measured by person in poverty under 12 years of all the other places in the area at 19% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 79% of the total and is ranked #1. Third, it has less than most other places in the local area when ranked by person in poverty 55 to 64 years at 3% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Plato township has one of the largest proportions of black poverty rate at 25% of the total and is ranked #2. The only larger city being Elgin with 31%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Plato township has the percentage of people who are in poverty and employed the second smallest in order of people who are in poverty and employed of all the other places in the local area at 2.1% of the total. Second, it has one of the largest proportions of people who are in poverty and not in labor force at 19.1% of the total and is ranked #2. The only larger city being Gilberts with 100.0%. 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.) Plato township shows it has a households with public assistance of 16.0% which is the highest of all places in the greater Plato township region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Plato township depicts it has a the gini index of 40.9% which is the third most the gini index of all other places in the greater Plato township region.

Plato 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 Plato 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.) Plato township has the smallest proportion of people who drive a car or motorcycle to work at 85% of the total. Second, it has the largest proportion of people who work at home at 13% 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 Plato township or elsewhere.) Plato township has the smallest proportion of people who carpooled at 3% of the total. Second, it has the largest proportion of people who work at home at 13% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Plato township has the smallest proportion of people who leave for work between 530 am to 6am at 2% of the total. Second, it has the largest proportion of people who leave for work between 7am to 730am at 26% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 730 am to 8am at 3% of the total. Also, it has the largest proportion of people who leave for work between 8am to 830am at 24% 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 2% of the total. Furthermore, it has the largest proportion of people who leave for work between 9am to 10am at 6% of the total and is ranked #1. Next it has the largest proportion of people who leave for work between 10am to 11am at 3% of the total and is ranked #1. Additionally, it has the smallest proportion of people who leave for work between 4pm to midnight at 2% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Plato township has the smallest proportion of people with commute time of less than 5 minutesutes at 0% of the total. Second, it has the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the metro area when ranked by people with commute time between 5 to 9 minutes at 6% of the total. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 14% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 25 to 29 minutes at 1% of the total. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 18% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 40 to 44 minutes at 14% of the total and is ranked #1. Next it has the smallest proportion of people with commute time between 60 to 89 minutes at 3% of the total. Additionally, it has the smallest proportion of people with commute time of 90 or more minutesutes at 3% of the total.

The average commute time is shown in Figure 37. Plato township shows it has an average commute time of 30 which is the second smallest in order of average commute time of all the other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Plato township shows average commute time in minutes for men about twice as large as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Plato township has the smallest proportion of 1 vehicle available at 2% of the total. Second, it has the second smallest when ranked by no vehicle available of all the other places in the metropolitan area when ranked by 2 vehicles available at 46% of the total. Third, it has the largest proportion of 3 vehicles available at 37% of the total and is ranked #1. Also, it has one of the largest proportions of 5 or more vehicles available at 6% of the total and is ranked #3. Only #2 Campton Hills (8%), and #1 Lily Lake (10%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Plato township depicts it has a people who both work and live in the same city of 14% which is the third most people who both work and live in the same city of all other places in the greater Plato township region. The city with the highest people who both work and live in the same city in the area is Elgin which depicts a people who both work and live in the same city of 34% (approximately 2.5 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Plato township 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%, Plato township is approximately a third the size.

Plato 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. Plato township depicts it has the hightest median earnings of $210,500 for the earnings-healthcare practitioners and tech occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Plato township shows it has the hightest median earnings of $75,000 for the earnings-production, transportation, material moving occupations category. The table in Figure 48, shows Plato township employment data in terms of job categories and salary data.

Plato 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. Plato township depicts it has the hightest entrepreneurs of 47% for the self employed in sales and office related 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. Plato township depicts it has the hightest entrepreneurs of 34% for the self employed in finance, insurance, real estate, rental and leasing grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Plato township depicts it has an average annual self employment income of $31,093 which is in the mid range of other places in the metro area. The city with the highest average annual self employment income in the area is Campton Hills which indicates an average annual self employment income of $81,413 (approximately 2.6 times bigger). Comparing average annual self employment income to the United States average of $37,819, Plato township is about 21.6% smaller. Also, measured against the state of Illinois, average annual self employment income of $37,670, Plato township is about 21.2% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Plato township depicts total number of self-employed men approximately 2.7 times bigger as the total number of self-employed women.