Scales Mound Illinois Income Charts

This section shows the Scales Mound Illinois economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Scales Mound shows it has a Median earnings of $34,250 which is the second smallest when sorted by median earnings per worker of all the other places in the area. The city with the highest median earnings per worker in the area is The Galena Territory CDP which indicates a median earnings of $76,174 (approximately 2.2 times bigger). Comparing median earnings per worker to the United States average of $49,041, Scales Mound is approximately three-fourths the size. Also, in contrast to the state of Illinois, median earnings per worker of $52,292, Scales Mound 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 $57,813 which is in the middle range of other places in the metro area. The city with the highest median household income in the area is The Galena Territory CDP which depicts a median income of $88,333 (52.8% larger). Comparing median household income to the United States average of $62,843, Scales Mound is about 8.7% smaller. Also, measured against the state of Illinois, median household income of $65,886, Scales Mound is about 14.0% smaller.

The next section examines a variety of different income statistics for the Scales Mound metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings between $15,000 and $19,999 at 49.0% of the total and is ranked #2. The only larger city being Shullsburg with 53.8%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 42.0 which is the largest of all places in the local area. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $15.68 which is the smallest as measured by average hourly earnings of all the other places in the area. The city with the highest average hourly earnings in the area is Apple Canyon Lake CDP which depicts an average hourly earnings of $44.16 (approximately 2.8 times bigger). Comparing average hourly earnings to the United States average of $24.31, Scales Mound is approximately three-fourths the size. Also, benchmarked against the state of Illinois, average hourly earnings of $26.05, Scales Mound is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Scales Mound metro area based on the number of people who reported any self employment income. Scales Mound shows it has a Self Employed of 17.9% which is the second most people self employed of all the places in the greater Scales Mound region. The city with the highest percentage of people self employed in the area is Apple Canyon Lake CDP which depicts a percentage self employed of 23.6% (31.6% 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 $75,000 of the total and is ranked #2. The only larger city being The Galena Territory CDP with $76,894. Second, it has in the center range of other places in the greater region in terms of median income-25 to 44 years at $71,875 of the total. Third, it has less than most other places in the local area when ranked by median income-45 to 64 years at $33,125 of the total.

Figure 9 breaks down the source of income and Scales Mound has the percentage of self employment income less than most other places in the metro area at 12.4% of the total.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 26.3% which is less than most other places in the area. The city with the highest households with retirement income in the area is Apple Canyon Lake CDP which shows a households with retirement income of 56.0% (about twice as large).

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 less than most other places in the metro area at $72,143 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. Scales Mound shows it has the hightest cost of 105.2 for the cost of utilities aggregate.

Scales Mound 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 depicts that from February 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 6.3% to 3.0% in February 2020. This represents a decrease in the monthly unemployment rate of 52.4%. Since that time, the monthly unemployment rate has gone to 3.9% This represents an increase in the monthly unemployment rate of 30.0%. 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 February 2010 to before the disasterous Covid-19 virus Pandemic the monthly labor force participation went from 32,220 to 33,529 in February 2020. This represents an increase in the monthly labor force participation of 4.1%. Since that time, the monthly labor force participation has gone to 31,643 This represents a decrease in the monthly labor force participation of 5.6%.

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 Scales Mound depicts it has a Unemployment Rate of 0.6% which is less than most other places in the metro area. The city with the highest unemployment rate in the area is Apple River which shows a rate of 3.3% ( substantially bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Scales Mound depicts it has a Labor Force Participation of 71.3% which is more than all other places in the greater Scales Mound 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). Scales Mound has the smallest proportion of unemployed at 28.7% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Scales Mound depicts full time employees very much 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 Scales Mound area. Scales Mound depicts it has a Single Earner Families of 14.3% which is the second smallest when sorted by families with a single earner of all the other places in the greater region. The city with the highest families with a single earner in the area is Apple River which depicts a single earners rate of 34.2% (approximately 2.4 times bigger). The percentage of families with no one working is depicted in Figure 22. Scales Mound depicts it has a Families with No One Working of 22.4% which is the third most families with no one working of all other places in the greater Scales Mound region. The city with the highest families with no one working in the area is The Galena Territory CDP which depicts a families with no worker of 42.2% (about twice as large).

Scales Mound Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Scales Mound 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. Scales Mound depicts it has a Total In Poverty of 31 which is the smallest in order of 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 Galena which depicts a total people earning less than the poverty level of 204 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Scales Mound depicts it has a Percent of Population In Poverty of 6.9% which is in the mid point 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 Apple River which depicts a percent of people in poverty of 17.0% (approximately 2.5 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Scales Mound has one of the largest proportions of person in poverty 12 to 17 years at 26% of the total and is ranked #3. Only #2 Apple River (32%), and #1 Apple Canyon Lake CDP (42%) are larger. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 29% of the total and is ranked #2. The only larger city being Shullsburg with 32%. Third, it has the second smallest in order of person in poverty under 12 years of all the other places in the local area when sorted by person in poverty 35 to 54 years at 3% of the total. Also, it has the second smallest in terms of person in poverty under 12 years of all the other places in the surrounding region when ranked by person in poverty 55 to 64 years at 6% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Scales Mound has the largest proportion of american indian poverty rate at 100% of the total and is ranked #1. Second, it has the largest proportion of hawaiian poverty rate at 67% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Scales Mound has the percentage of unmarried with children and in poverty less than most other places in the metro area at 20% of the total. Second, it has the largest proportion of unmarried female with children and in poverty at 27% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Scales Mound has the percentage of less than highschool in poverty less than most other places in the greater region at 4% of the total. Second, it has the largest proportion of highschool graduate and in poverty at 11% of the total and is ranked #1. 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.) Scales Mound depicts it has a Public Assistance Percent of 5.8% which is in the center range of other places in the local area. The city with the highest households with public assistance in the area is Shullsburg which depicts a households with public assistance of 16.2% (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). Scales Mound shows it has a Gini Index of 42.1% which is the second most the gini index of all the places in the greater Scales Mound region.

Scales Mound Illinois Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Scales Mound or elsewhere.) Scales Mound has the largest proportion of people who carpooled at 15% of the total and is ranked #1. Second, it has the largest proportion of people who take the bus at 1% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Scales Mound has the largest proportion of people who leave for work between 6am to 630am at 17% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 21% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 11am to 12noon at 12% of the total and is ranked #1. Also, it has the second smallest as measured by people who leave for work between 12am to 5am of all the other places in the metro area when sorted by people who leave for work between 12noon to 4pm at 1% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Scales Mound has the percentage of people with commute time of less than 5 minutesutes in the middle range of other places in the surrounding region at 10% of the total. Second, it has the largest proportion of people with commute time between 15 to 19 minutes at 24% of the total and is ranked #1. Third, it has the smallest proportion of people with commute time between 30 to 34 minutes at 1% of the total.

The average commute time is shown in Figure 37. Scales Mound depicts it has a Avg Commute Time of 22 which is the second smallest when sorted by average commute time of all the other places in the metropolitan area. Figure 38 shows the difference between male versus female commuting time. Scales Mound shows average commute time in minutes for men about 13.5% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Scales Mound has the smallest proportion of no vehicle available at 12% of the total. Second, it has the largest proportion of 1 vehicle available at 52% of the total and is ranked #1. Third, it has one of the largest proportions of 2 vehicles available at 30% of the total and is ranked #2. The only larger city being Benton with 31%. Also, it has in the center range of other places in the local area in order of 3 vehicles available at 4% of the total. In addition, it has less than most other places in the local area when sorted by 4 vehicles available at 2% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Scales Mound depicts it has a Work in city or place where live of 28% which is in the middle range of other places in the greater region. The city with the highest people who both work and live in the same city in the area is Galena which shows a people who both work and live in the same city of 61% (about twice as large). Comparing people who both work and live in the same city to the United States average of 42%, Scales Mound is approximately three-fourths the size. Also, compared to the state of Illinois, people who both work and live in the same city of 38%, Scales Mound is approximately three-fourths the size.

Scales Mound 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. Scales Mound depicts it has the hightest median earnings of $48,125 for the earnings-natural resources, construction, maintenance occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Scales Mound depicts it has the hightest median earnings of $78,750 for the management, business, and financial occupations grouping. The table in Figure 48, shows Scales Mound employment data in terms of job categories and salary data.

Scales Mound 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. Scales Mound depicts it has the hightest entrepreneurs of 50% for the self employed management, business, science, and arts businesses classification.

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. Scales Mound shows it has the hightest entrepreneurs of 36% for the self employed in construction group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Scales Mound depicts it has a Self Employment Income of $20,776 which is more than all other places in the metropolitan area. Comparing average annual self employment income to the United States average of $39,154, Scales Mound is approximately half the size. Also, compared to the state of Illinois, average annual self employment income of $38,734, Scales Mound is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Scales Mound depicts total number of self-employed men approximately 4.4 times bigger as the total number of self-employed women.