Ridge township Illinois Income Charts

This section shows the Ridge 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, Ridge township depicts it has a median earnings per worker of $36,667 which is the third most median earnings of all other places in the greater Ridge township region. The city with the highest median earnings per worker in the area is Bethany which depicts a median earnings of $43,508 (18.7% larger). Comparing median earnings per worker to the United States average of $47,712, Ridge township is approximately three-fourths the size. Also, in contrast to the state of Illinois, median earnings per worker of $51,263, Ridge township is approximately three-fourths the size.

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 $38,889 which is less than most other places in the greater region. The city with the highest median household income in the area is Tower Hill which depicts a median income of $46,429 (19.4% larger). Comparing median household income to the United States average of $60,293, Ridge township is approximately three-fourths the size. Also, measured against the state of Illinois, median household income of $63,575, Ridge township is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Ridge township metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest in order of median earnings of less than $10,000 of all the other places in the metro area at 5.6% of the total. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 35.2% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 35.4 which is the second smallest as measured by average hours of all the other places in the greater region. The city with the highest average hours in the area is Tower Hill which depicts an average hours of 41.8 (18.1% 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 $19.92 which is the second most average hourly earnings of all the places in the greater Ridge township region. The city with the highest average hourly earnings in the area is Bethany which shows an average hourly earnings of $21.18 (6.3% larger). Comparing average hourly earnings to the United States average of $23.71, Ridge township is about 19.0% smaller. Also, compared with the state of Illinois, average hourly earnings of $25.61, Ridge township is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Ridge township metro area based on the number of people who reported any self employment income. Ridge township indicates it has a percentage of people self employed of 4.8% which is less than most other places in the greater region. The city with the highest percentage of people self employed in the area is Shelbyville which depicts a percentage self employed of 9.9% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-25 to 44 years in the center range of other places in the local area at $54,297 of the total. Second, it has in the mid range of other places in the local area in terms of median income-65 years and over at $33,276 of the total.

Figure 9 breaks down the source of income and Ridge township has the largest proportion of investment and retirement income at 26.8% of the total and is ranked #1. Second, it has the largest proportion of social security at 18.4% 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 households with retirement income of 30.1% which is the second most of all the places in the local area. The city with the highest households with retirement income in the area is Westervelt CDP which shows a households with retirement income of 61.7% (about twice as large).

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 $51,563 of the total and is ranked #2. The only larger city being Bethany with $60,625. Second, it has one of the largest proportions of white family income at $51,563 of the total and is ranked #2. The only larger city being Bethany with $60,625.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Ridge township depicts it has the hightest cost of 96.7 for the cost of transportation grouping.

Ridge 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 Pandemic the monthly unemployment rate went from 13.8% to 5.8% in December 2019. This represents a decrease in the monthly unemployment rate of 58.0%. Since that time, the monthly unemployment rate has gone to 5.8% 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 36,180 to 31,553 in November 2019. This represents a decrease in the monthly labor force participation of 12.8%. Since that time, the monthly labor force participation has gone to 31,553 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 Ridge township shows it has an unemployment rate of 6.5% which is at the top of all other places in the greater Ridge township region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Ridge township depicts it has a participation rate of 42.0% which is the second smallest as measured by participation rate of all the other places in the surrounding 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). Ridge township has the percentage of employed the second smallest when sorted by employed of all the other places in the surrounding region at 35.5% of the total. Second, it has the largest proportion of unemployed at 6.5% of the total and is ranked #1. Third, it has one of the largest proportions of not in labor force at 58.0% of the total and is ranked #2. The only larger city being Westervelt CDP with 80.9%.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Ridge 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 Ridge township area. Ridge township shows it has a families with a single earner of 42.1% which is more than all other places in the greater Ridge township region. The percentage of families with no one working is depicted in Figure 22. Ridge township depicts it has a families with no one working of 48.7% which is the highest of all places in the greater Ridge township region.

Ridge township Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Ridge 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. Ridge township shows it has a total people earning less than the poverty level of 12 which is the second smallest when ranked by total people earning less than the poverty level of all the other places in the local area. The city with the highest total people earning less than the poverty level in the area is Shelbyville which shows a total people earning less than the poverty level of 696 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Ridge township shows it has a percent of people earning less than the poverty level of 3.2% which is the second smallest in terms of percent of people earning less than the poverty level of all the other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Tower Hill which shows a percent of people in poverty of 19.7% ( appreciably bigger).

In Figure 25 people who are in poverty are broken out by age group. Ridge township has the largest proportion of person in poverty 65+ years at 100% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Ridge township has the percentage of white poverty rate the second smallest in order of white poverty rate of all the other places in the metro area at 3% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Ridge township has the largest proportion of college graduate and in poverty at 44% of the total and is ranked #1.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Ridge township shows it has a the gini index of 37.9% which is in the center range of other places in the greater region.

Ridge 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 Ridge 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.) Ridge township has the largest proportion of people who drive a car or motorcycle to work at 100% 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 Ridge township or elsewhere.) Ridge township has the largest proportion of people who drove alone at 100% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Ridge township has the percentage of people who leave for work between 5am to 530am in the middle range of other places in the surrounding region at 8% of the total. Second, it has the largest proportion of people who leave for work between 530 am to 6am at 27% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 6am to 630am at 18% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 8am to 830am at 15% 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. Ridge township has the percentage of people with commute time between 5 to 9 minutes in the intermediate range of other places in the metro area at 10% of the total. Second, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 15% of the total and is ranked #3. Only #2 Shelbyville (19%), and #1 Tower Hill (20%) are larger. Third, it has the largest proportion of people with commute time between 60 to 89 minutes at 13% of the total and is ranked #1.

The average commute time is shown in Figure 37. Ridge township depicts it has an average commute time of 31 which is at the top of all other places in the local area. Figure 38 shows the difference between male versus female commuting time. Ridge township depicts average commute time in minutes for men 11.0% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Ridge township has the smallest proportion of 1 vehicle available at 8% of the total. Second, it has the second smallest when sorted by no vehicle available of all the other places in the metro area when ranked by 2 vehicles available at 21% of the total. Third, it has the largest proportion of 3 vehicles available at 67% of the total and is ranked #1.

Ridge township Illinois Jobs Charts

The table in Figure 48, shows Ridge township employment data in terms of job categories and salary data.