Reed township Illinois Income Charts

This section shows the Reed 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, Reed township shows it has a median earnings per worker of $49,968 which is less than most other places in the greater region. The city with the highest median earnings per worker in the area is Essex which depicts a median earnings of $68,958 (38.0% larger). Comparing median earnings per worker to the United States average of $47,712, Reed township is only about 4.7% larger. Also, benchmarked against the state of Illinois, median earnings per worker of $51,263, Reed township is only about 2.6% 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 $63,354 which is in the mid point range of other places in the greater region. The city with the highest median household income in the area is Essex which shows a median income of $72,368 (14.2% larger). Comparing median household income to the United States average of $60,293, Reed township is only about 5.1% larger. Also, measured against the state of Illinois, median household income of $63,575, Reed township is about the same size.

The next section examines a variety of different income statistics for the Reed township metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $10,000 and $14,999 at 9.3% of the total and is ranked #1. Second, it has the second smallest when sorted by median earnings of less than $10,000 of all the other places in the metropolitan area in terms of earnings of $100,000 more at 5.5% 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 38.5 which is in the middle range of other places in the greater region. The city with the highest average hours in the area is Braceville which depicts an average hours of 39.8 (only about 3.4% 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 $24.96 which is in the mid range of other places in the local area. The city with the highest average hourly earnings in the area is Essex which shows an average hourly earnings of $36.53 (46.4% larger). Comparing average hourly earnings to the United States average of $23.71, Reed township is only about 5.3% larger. Also, compared with the state of Illinois, average hourly earnings of $25.61, Reed township is only about 2.6% smaller.

Figure 7 examines the number of self employed people in the Reed township metro area based on the number of people who reported any self employment income. Reed township depicts it has a percentage of people self employed of 7.3% which is the third most people self employed of all other places in the greater Reed township region. The city with the highest percentage of people self employed in the area is Essex which depicts a percentage self employed of 12.1% (64.5% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $60,433 of the total and is ranked #2. The only larger city being Braidwood with $60,529. Second, it has in the center range of other places in the surrounding region in terms of median income-25 to 44 years at $79,813 of the total. Third, it has less than most other places in the metropolitan area when ranked by median income-45 to 64 years at $64,964 of the total. Also, it has one of the largest proportions of median income-65 years and over at $43,472 of the total and is ranked #3. Only #2 Braidwood ($45,000), and #1 Braceville ($46,750) 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 18.3% which is the second smallest in order 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 Essex which shows a households with retirement income of 22.3% (21.9% 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 the second smallest when sorted by overall family income of all the other places in the greater region at $76,292 of the total. Second, it has the second smallest when ranked by overall family income of all the other places in the metro area in terms of white family income at $75,854 of the total. Third, it has one of the largest proportions of hispanic family income at $85,139 of the total and is ranked #2. The only larger city being Braidwood with $85,556.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Reed township depicts it has the hightest cost of 116.1 for the cost of utilities classification.

Reed 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 14.6% to 3.9% in December 2019. This represents a decrease in the monthly unemployment rate of 73.3%. Since that time, the monthly unemployment rate has gone to 3.9% 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 indicates that from January 2010 to before the Coronavirus Pandemic the monthly labor force participation went from 76,144 to 73,102 in November 2019. This represents a decrease in the monthly labor force participation of 4.0%. Since that time, the monthly labor force participation has gone to 73,102 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 Reed township depicts it has an unemployment rate of 3.2% which is less than most other places in the surrounding region. The city with the highest unemployment rate in the area is Coal City which shows a rate of 5.2% (62.0% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Reed township indicates it has a participation rate of 66.4% which is less than most other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Reed township shows full time employees approximately 3.3 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 Reed township area. Reed township shows it has a families with a single earner of 27.8% 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 Essex which shows a single earners rate of 36.4% (31.0% larger). The percentage of families with no one working is depicted in Figure 22. Reed township depicts it has a families with no one working of 15.4% which is in the center range of other places in the local area. The city with the highest families with no one working in the area is Essex which depicts a families with no worker of 23.3% (51.7% larger).

Reed township Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Reed 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. Reed township depicts it has a total people earning less than the poverty level of 765 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. Reed township shows it has a percent of people earning less than the poverty level of 10.9% which is the second most percent of people earning less than the poverty level of all the places in the greater Reed township region. The city with the highest percent of people earning less than the poverty level in the area is Godley which indicates a percent of people in poverty of 15.2% (40.1% larger).

In Figure 25 people who are in poverty are broken out by age group. Reed township has the percentage of person in poverty 18 to 34 years the second smallest when ranked by person in poverty under 12 years of all the other places in the greater region at 18% of the total. Second, it has one of the largest proportions of person in poverty 35 to 54 years at 38% of the total and is ranked #3. Only #2 Braidwood (39%), and #1 Coal City (40%) are larger.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Reed township has the largest proportion of black poverty rate at 100% of the total and is ranked #1. Second, it has one of the largest proportions of hispanicp poverty rate at 20% of the total and is ranked #2. The only larger city being Godley with 43%.

Figure 27 shows key poverty statistics for groups based on marriage status. Reed township has one of the largest proportions of unmarried with children and in poverty at 31% of the total and is ranked #2. The only larger city being Godley with 47%. Second, it has one of the largest proportions of unmarried female with children and in poverty at 41% of the total and is ranked #3. Only #2 Godley (54%), and #1 Braceville (55%) are larger. 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.) Reed township shows it has a households with public assistance of 8.5% which is the second smallest in order of households with public assistance of all the other places in the metro area. The city with the highest households with public assistance in the area is Braceville which shows a households with public assistance of 23.2% (approximately 2.7 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Reed township shows it has a the gini index of 39.4% which is the second most the gini index of all the places in the greater Reed township region.

Reed township Illinois Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Reed township has one of the largest proportions of people who leave for work between 12am to 5am at 14% of the total and is ranked #2. The only larger city being Godley with 15%.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Reed township has the percentage of people with commute time of less than 5 minutesutes the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the greater region at 1% of the total. Second, it has the smallest proportion of people with commute time between 15 to 19 minutes at 7% of the total. Third, it has one of the largest proportions of people with commute time of 90 or more minutesutes at 6% of the total and is ranked #3. Only #2 Braidwood (6%), and #1 Essex (9%) are larger.

The average commute time is shown in Figure 37. Reed township shows it has an average commute time of 35 which is the third most of all other places in the area. Figure 38 shows the difference between male versus female commuting time. Reed township shows average commute time in minutes for men 46.0% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Reed township has one of the largest proportions of 3 vehicles available at 30% of the total and is ranked #3. Only #2 Braidwood (30%), and #1 Braceville (38%) are larger. Second, it has less than most other places in the area when ranked by 4 vehicles available at 7% of the total. Third, it has less than most other places in the metropolitan area as measured by 5 or more vehicles available at 6% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Reed township depicts it has a people who both work and live in the same city of 11% which is the third most people who both work and live in the same city of all other places in the greater Reed township region. The city with the highest people who both work and live in the same city in the area is Coal City which depicts a people who both work and live in the same city of 19% (77.8% larger). Comparing people who both work and live in the same city to the United States average of 42%, Reed township is approximately a quarter the size. Also, compared to the state of Illinois, people who both work and live in the same city of 38%, Reed township is approximately a third the size.

Reed 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. Reed township depicts it has the hightest median earnings of $123,000 for the earnings-education, legal, community service, arts, media occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Reed township depicts it has the hightest median earnings of $78,250 for the earnings-computer, engineering, and science occupations group. The table in Figure 48, shows Reed township employment data in terms of job categories and salary data.

Reed 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. Reed township depicts it has the hightest entrepreneurs of 58% for the self employed management, business, science, and arts businesses aggregate.

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. Reed township depicts it has the hightest entrepreneurs of 58% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Reed township depicts it has an average annual self employment income of $21,672 which is in the center range of other places in the metro area. The city with the highest average annual self employment income in the area is Essex which shows an average annual self employment income of $47,959 (approximately 2.2 times bigger). Comparing average annual self employment income to the United States average of $37,819, Reed township is approximately half the size. Also, compared to the state of Illinois, average annual self employment income of $37,670, Reed township is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Reed township depicts total number of self-employed men 58.4% larger as the total number of self-employed women.