Rockton township Illinois Income Charts

This section shows the Rockton 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, Rockton township shows it has a median earnings per worker of $49,732 which is the third most median earnings of all other places in the greater Rockton township region. The city with the highest median earnings per worker in the area is Roscoe which shows a median earnings of $59,598 (19.8% larger). Comparing median earnings per worker to the United States average of $47,712, Rockton township is only about 4.2% larger. Also, benchmarked against the state of Illinois, median earnings per worker of $51,263, Rockton township is only about 3.1% 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 $65,877 which is the third most of all other places in the local area. The city with the highest median household income in the area is Rockton which depicts a median income of $87,923 (33.5% larger). Comparing median household income to the United States average of $60,293, Rockton township is 9.3% larger. Also, versus the state of Illinois, median household income of $63,575, Rockton township is only about 3.6% larger.

The next section examines a variety of different income statistics for the Rockton township metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings of $100,000 more at 9.1% of the total and is ranked #3. Only #2 Rockton (12.7%), and #1 Roscoe (15.7%) are larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 39.6 which is the second most of all the places in the greater region. The city with the highest average hours in the area is South Beloit which shows an average hours of 39.8 ( about the same size). 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 $24.15 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 Roscoe which shows an average hourly earnings of $29.16 (20.8% larger). Comparing average hourly earnings to the United States average of $23.71, Rockton township is only slightly larger. Also, benchmarked against the state of Illinois, average hourly earnings of $25.61, Rockton township is about 6.0% smaller.

Figure 7 examines the number of self employed people in the Rockton township metro area based on the number of people who reported any self employment income. Rockton township shows it has a percentage of people self employed of 9.2% which is the second most people self employed of all the places in the greater Rockton township region. The city with the highest percentage of people self employed in the area is Rockton which shows a percentage self employed of 10.7% (16.2% 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 $39,688 of the total and is ranked #3. Only #2 Roscoe ($45,357), and #1 Machesney Park ($49,567) are larger. Second, it has one of the largest proportions of median income-25 to 44 years at $76,850 of the total and is ranked #3. Only #2 Roscoe ($94,350), and #1 Rockton ($95,684) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $78,984 of the total and is ranked #3. Only #2 Roscoe ($100,642), and #1 Rockton ($109,391) are larger. Also, it has less than most other places in the metro area in order of median income-65 years and over at $38,679 of the total.

Figure 9 breaks down the source of income and Rockton township has the smallest proportion of income from wages at 74.9% of the total. Second, it has the largest proportion of self employment income at 2.6% 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 22.2% which is the second most households with retirement income of all the places in the greater Rockton township region. The city with the highest households with retirement income in the area is Rockton which indicates a households with retirement income of 26.5% (19.2% 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 $79,294 of the total and is ranked #3. Only #2 Roscoe ($94,497), and #1 Rockton ($97,336) are larger. Second, it has one of the largest proportions of white family income at $80,230 of the total and is ranked #3. Only #2 Roscoe ($93,247), and #1 Rockton ($97,557) are larger. Third, it has in the middle range of other places in the local area in order of black family income at $48,365 of the total. Also, it has one of the largest proportions of hispanic family income at $35,278 of the total and is ranked #3. Only #2 Loves Park ($49,844), and #1 Machesney Park ($67,414) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Rockton township depicts it has the hightest cost of 111.2 for the cost of utilities group.

Rockton 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 19.0% to 4.0% in December 2019. This represents a decrease in the monthly unemployment rate of 78.9%. Since that time, the monthly unemployment rate has gone to 4.0% 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 depicts that from January 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 18,023 to 17,227 in November 2019. This represents a decrease in the monthly labor force participation of 4.4%. Since that time, the monthly labor force participation has gone to 17,227 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 Rockton township shows it has an unemployment rate of 4.0% which is the second smallest when ranked by unemployment rate of all the other places in the greater region. The city with the highest unemployment rate in the area is South Beloit which shows a rate of 6.4% (62.6% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Rockton township shows it has a participation rate of 64.2% which is the second smallest when ranked by participation rate of all the other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Rockton township depicts full time employees approximately 3.8 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 Rockton township area. Rockton township depicts it has a families with a single earner of 28.7% which is in the middle range of other places in the local area. The city with the highest families with a single earner in the area is Beloit which indicates a single earners rate of 37.5% (30.9% larger). The percentage of families with no one working is depicted in Figure 22. Rockton township depicts it has a families with no one working of 16.6% which is the largest of all places in the greater Rockton township region.

Rockton township Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Rockton 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. Rockton township depicts it has a total people earning less than the poverty level of 1,400 which is in the mid point range of other places in the area. The city with the highest total people earning less than the poverty level in the area is Beloit which depicts a total people earning less than the poverty level of 8,458 ( markedly bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Rockton township depicts it has a percent of people earning less than the poverty level of 8.8% 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 Beloit which shows a percent of people in poverty of 24.1% (approximately 2.7 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Rockton township has the smallest proportion of person in poverty 35 to 54 years at 13% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Rockton township has the largest proportion of black poverty rate at 44% of the total and is ranked #1. Second, it has the largest proportion of hawaiian poverty rate at 100% of the total and is ranked #1. Third, it has one of the largest proportions of hispanicp poverty rate at 32% of the total and is ranked #3. Only #2 Loves Park (34%), and #1 Beloit (42%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Rockton township has one of the largest proportions of unmarried with children and in poverty at 36% of the total and is ranked #3. Only #2 Loves Park (44%), and #1 Beloit (54%) are larger. Second, it has one of the largest proportions of unmarried female with children and in poverty at 42% of the total and is ranked #3. Only #2 Loves Park (51%), and #1 Beloit (61%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Rockton township has one of the largest proportions of less than highschool in poverty at 29% of the total and is ranked #2. The only larger city being Beloit with 31%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Rockton township has the smallest proportion of people who are in poverty and employed at 14.0% of the total. Second, it has one of the largest proportions of people who are in poverty and not in labor force at 18.6% of the total and is ranked #2. The only larger city being Rockton with 24.9%. 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.) Rockton township shows it has a households with public assistance of 10.7% which is less than most other places in the local area. The city with the highest households with public assistance in the area is Beloit which shows a households with public assistance of 30.2% (approximately 2.8 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Rockton township shows it has a the gini index of 39.6% which is the third most of all other places in the metro area.

Rockton township Illinois Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Rockton township or elsewhere.) Rockton township has the smallest proportion of people who took a taxicab, motorcycle or other at 0% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Rockton township has the largest proportion of people who leave for work between 6am to 630am at 11% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 10am to 11am at 2% of the total. Third, it has the smallest proportion of people who leave for work between 12noon to 4pm at 6% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Rockton township has the percentage of people with commute time between 5 to 9 minutes less than most other places in the greater region at 10% of the total. Second, it has the smallest proportion of people with commute time between 10 to 14 minutes at 12% of the total. Third, it has the largest proportion of people with commute time between 35 to 39 minutes at 3% of the total and is ranked #1.

The average commute time is shown in Figure 37. Rockton township depicts it has an average commute time of 24 which is the second most average commute time of all the places in the greater Rockton township region. Figure 38 shows the difference between male versus female commuting time. Rockton township depicts average commute time in minutes for men 34.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Rockton township has the percentage of 1 vehicle available less than most other places in the local area at 14% of the total. Second, it has one of the largest proportions of 4 vehicles available at 11% of the total and is ranked #3. Only #2 Machesney Park (12%), and #1 Rockton (12%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Rockton township shows it has a people who both work and live in the same city of 15% which is less than most other places in the metro area. The city with the highest people who both work and live in the same city in the area is Beloit which depicts a people who both work and live in the same city of 44% (approximately 3.0 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Rockton township is approximately a third the size. Also, measured against the state of Illinois, people who both work and live in the same city of 38%, Rockton township is approximately a third the size.

Rockton 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. Rockton township depicts it has the hightest median earnings of $131,944 for the earnings-healthcare practitioners and tech occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Rockton township depicts it has the hightest median earnings of $59,314 for the earnings-computer, engineering, and science occupations group. The table in Figure 48, shows Rockton township employment data in terms of job categories and salary data.

Rockton 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. Rockton township depicts it has the hightest entrepreneurs of 41% for the self employed management, business, science, and arts businesses category.

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. Rockton township shows it has the hightest entrepreneurs of 25% for the self employed in construction classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Rockton township shows it has an average annual self employment income of $21,649 which is the third most average annual self employment income of all other places in the greater Rockton township region. The city with the highest average annual self employment income in the area is Roscoe which depicts an average annual self employment income of $21,769 ( about the same size). Comparing average annual self employment income to the United States average of $37,819, Rockton township is approximately half the size. Also, measured against the state of Illinois, average annual self employment income of $37,670, Rockton 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.) Rockton township shows total number of self-employed men about 9.8% smaller as the total number of self-employed women.