Sherman township Illinois Income Charts

This section shows the Sherman 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, Sherman township depicts it has a median earnings per worker of $41,438 which is the third most median earnings of all other places in the greater Sherman township region. The city with the highest median earnings per worker in the area is Topeka which shows a median earnings of $46,250 (11.6% larger). Comparing median earnings per worker to the United States average of $47,712, Sherman township is about 15.1% smaller. Also, benchmarked against the state of Illinois, median earnings per worker of $51,263, Sherman township is about 23.7% 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 $53,636 which is the second most median income of all the places in the greater Sherman township region. The city with the highest median household income in the area is Forest City which depicts a median income of $63,750 (18.9% larger). Comparing median household income to the United States average of $60,293, Sherman township is about 12.4% smaller. Also, versus the state of Illinois, median household income of $63,575, Sherman township is about 18.5% smaller.

The next section examines a variety of different income statistics for the Sherman township metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 22.8% of the total and is ranked #3. Only #2 Forest City (28.3%), and #1 Kilbourne (30.4%) are larger. Second, it has the second smallest as measured by median earnings of less than $10,000 of all the other places in the local area when sorted by earnings between $10,000 and $14,999 at 6.8% 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 36.6 which is the second smallest when ranked by average hours of all the other places in the greater region. The city with the highest average hours in the area is Forest City which depicts an average hours of 39.8 (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 $21.77 which is the third most of all other places in the area. The city with the highest average hourly earnings in the area is Topeka which depicts an average hourly earnings of $24.04 (10.4% larger). Comparing average hourly earnings to the United States average of $23.71, Sherman township is about 8.9% smaller. Also, benchmarked against the state of Illinois, average hourly earnings of $25.61, Sherman township is about 17.6% smaller.

Figure 7 examines the number of self employed people in the Sherman township metro area based on the number of people who reported any self employment income. Sherman township shows it has a percentage of people self employed of 12.5% which is the most of all places in the greater Sherman township region.

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 $35,833 of the total and is ranked #2. The only larger city being Easton with $41,250. Second, it has one of the largest proportions of median income-25 to 44 years at $64,107 of the total and is ranked #2. The only larger city being Forest City with $67,667. Third, it has the largest proportion of median income-45 to 64 years at $70,417 of the total and is ranked #1. Also, it has the largest proportion of median income-65 years and over at $43,333 of the total and is ranked #1.

Figure 9 breaks down the source of income and Sherman township has the percentage of income from wages the second smallest in terms of income from wages of all the other places in the local area at 53.9% of the total. Second, it has the largest proportion of self employment income at 7.9% 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 26.0% which is the third most households with retirement income of all other places in the greater Sherman township region. The city with the highest households with retirement income in the area is Topeka which depicts a households with retirement income of 44.7% (71.8% 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 $56,563 of the total and is ranked #2. The only larger city being Forest City with $68,333. Second, it has one of the largest proportions of white family income at $56,563 of the total and is ranked #2. The only larger city being Forest City with $68,333.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Sherman township shows it has the hightest cost of 106.5 for the cost of healthcare category.

Sherman 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 depicts that from February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 14.6% to 5.1% in December 2019. This represents a decrease in the monthly unemployment rate of 65.1%. Since that time, the monthly unemployment rate has gone to 5.1% 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 Wuhan Coronavirus Pandemic the monthly labor force participation went from 17,218 to 14,667 in November 2019. This represents a decrease in the monthly labor force participation of 14.8%. Since that time, the monthly labor force participation has gone to 14,667 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 Sherman township shows it has an unemployment rate of 3.6% which is the smallest in terms of unemployment rate of all the other places in the metropolitan area. The city with the highest unemployment rate in the area is Goofy Ridge CDP which shows a rate of 10.8% (approximately 3.0 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Sherman township shows it has a participation rate of 59.5% which is the third most of all other places in the area.

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). Sherman township has the smallest proportion of unemployed at 3.6% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Sherman township shows 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 Sherman township area. Sherman township shows it has a families with a single earner of 40.6% which is the third most families with a single earner of all other places in the greater Sherman township region. The city with the highest families with a single earner in the area is Goofy Ridge CDP which shows a single earners rate of 100.0% (approximately 2.5 times bigger). The percentage of families with no one working is depicted in Figure 22. Sherman township shows it has a families with no one working of 17.5% which is less than most other places in the local area. The city with the highest families with no one working in the area is Topeka which shows a families with no worker of 45.8% (approximately 2.6 times bigger).

Sherman township Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Sherman 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. Sherman township shows it has a total people earning less than the poverty level of 38 which is in the mid range of other places in the area. The city with the highest total people earning less than the poverty level in the area is Havana which depicts a total people earning less than the poverty level of 587 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Sherman township shows it has a percent of people earning less than the poverty level of 8.2% which is the second smallest in terms of percent of people earning less than the poverty level of all the other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Goofy Ridge CDP which depicts a percent of people in poverty of 39.5% (approximately 4.8 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Sherman township has the largest proportion of person in poverty under 12 years at 32% of the total and is ranked #1. Second, it has in the center range of other places in the surrounding region when sorted by person in poverty 12 to 17 years at 5% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Sherman township has the percentage of white poverty rate less than most other places in the metro area at 8% of the total. Second, it has the largest proportion of hispanicp poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Sherman township has one of the largest proportions of unmarried with children and in poverty at 64% of the total and is ranked #2. The only larger city being Easton with 88%. Second, it has the largest proportion of unmarried female with children and in poverty at 100% of the total and is ranked #1. Third, it has one of the largest proportions of unmarried male with children and in poverty at 33% of the total and is ranked #3. Only #2 Goofy Ridge CDP (67%), and #1 Easton (67%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Sherman township has the percentage of less than highschool in poverty the second smallest when ranked by less than highschool in poverty of all the other places in the surrounding region at 11% of the total. Second, it has less than most other places in the local area in order of highschool graduate and in poverty at 7% of the total. Third, it has the second smallest when ranked by less than highschool in poverty of all the other places in the greater region when ranked by has some college and in poverty at 2% of the total. 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.) Sherman township depicts it has a households with public assistance of 13.0% which is the second smallest as measured by households with public assistance of all the other places in the surrounding region. The city with the highest households with public assistance in the area is Kilbourne which shows a households with public assistance of 38.3% (approximately 2.9 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Sherman township depicts it has a the gini index of 31.4% which is the second smallest as measured by the gini index of all the other places in the area.

Sherman 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 Sherman 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.) Sherman township has the largest proportion of people who work at home at 5% 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 Sherman township or elsewhere.) Sherman township has the smallest proportion of people who drove alone at 73% of the total. Second, it has the largest proportion of people who carpooled at 17% of the total and is ranked #1. Third, it has the largest proportion of people who took a taxicab, motorcycle or other at 3% of the total and is ranked #1. Also, it has the largest proportion of people who work at home at 5% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Sherman township has the percentage of people who leave for work between 12am to 5am the second smallest in order of people who leave for work between 12am to 5am of all the other places in the greater region at 1% of the total. Second, it has the largest proportion of people who leave for work between 6am to 630am at 14% 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. Sherman township has the percentage of people with commute time of less than 5 minutesutes less than most other places in the local area at 2% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 24% of the total and is ranked #1. Third, it has less than most other places in the metro area when sorted by people with commute time of 90 or more minutesutes at 0% of the total.

The average commute time is shown in Figure 37. Sherman township shows it has an average commute time of 28 which is the second smallest as measured by average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Sherman township shows average commute time in minutes for men about 10.1% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Sherman township has one of the largest proportions of 2 vehicles available at 54% of the total and is ranked #2. The only larger city being Topeka with 62%. Second, it has less than most other places in the local area in terms of 3 vehicles available at 21% of the total. Third, it has less than most other places in the area when sorted by 4 vehicles available at 3% of the total. Also, it has one of the largest proportions of 5 or more vehicles available at 4% of the total and is ranked #2. The only larger city being Easton with 6%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Sherman township shows it has a people who both work and live in the same city of 14% which is in the middle range of other places in the area. The city with the highest people who both work and live in the same city in the area is Havana which shows a people who both work and live in the same city of 65% (approximately 4.5 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Sherman 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%, Sherman township is approximately a third the size.

Sherman 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. Sherman township shows it has the hightest median earnings of $90,500 for the earnings-computer, engineering, and science occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Sherman township depicts it has the hightest median earnings of $48,125 for the earnings-sales and office occupations classification. The table in Figure 48, shows Sherman township employment data in terms of job categories and salary data.

Sherman 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. Sherman township shows it has the hightest entrepreneurs of 50% for the self employed management, business, science, and arts 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. Sherman township shows it has the hightest entrepreneurs of 50% for the self employed in construction category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Sherman township shows it has an average annual self employment income of $39,504 which is at the top of all other places in the greater Sherman township region. Comparing average annual self employment income to the United States average of $37,819, Sherman township is only about 4.5% larger. Also, measured against the state of Illinois, average annual self employment income of $37,670, Sherman township is only about 4.9% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Sherman township depicts total number of self-employed men approximately 3.8 times bigger as the total number of self-employed women.