Standard City Illinois Income Charts

This section shows the Standard City Illinois economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Standard City indicates it has a Median earnings of $53,750 which is the second most median earnings of all the places in the greater Standard City region. The city with the highest median earnings per worker in the area is Waggoner which depicts a median earnings of $58,750 (9.3% larger). Comparing median earnings per worker to the United States average of $53,269, Standard City is about the same size. Also, in comparison with the state of Illinois, median earnings per worker of $56,393, Standard City is only about 4.9% 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 $68,036 which is the largest of all places in the greater Standard City region. Comparing median household income to the United States average of $69,021, Standard City is about the same size. Also, measured against the state of Illinois, median household income of $72,563, Standard City is about 6.7% smaller.

The next section examines a variety of different income statistics for the Standard City metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 7.7% of the total and is ranked #2. The only larger city being Waggoner with 12.2%. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 1.1% of the total. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 24.2% 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 a Avg Hours Worked of 38.6 which is the second most average hours of all the places in the greater Standard City region. The city with the highest average hours in the area is Farmersville which depicts an average hours of 39.0 ( only slightly larger). 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 $26.78 which is the second most average hourly earnings of all the places in the greater Standard City region. The city with the highest average hourly earnings in the area is Waggoner which depicts an average hourly earnings of $29.89 (11.6% larger). Comparing average hourly earnings to the United States average of $26.40, Standard City is only slightly larger. Also, measured against the state of Illinois, average hourly earnings of $28.10, Standard City is only about 4.9% smaller.

Figure 7 examines the number of self employed people in the Standard City metro area based on the number of people who reported any self employment income. Standard City shows it has a Self Employed of 1.4% which is the second smallest in terms of percentage of people self employed of all the other places in the metro area. The city with the highest percentage of people self employed in the area is Farmersville which shows a percentage self employed of 13.1% ( considerably bigger).

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 $72,500 of the total and is ranked #2. The only larger city being Nilwood with $78,750. Second, it has the largest proportion of median income-25 to 44 years at $84,063 of the total and is ranked #1. Third, it has in the mid range of other places in the surrounding region in terms of median income-45 to 64 years at $41,429 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 10.1% which is the second smallest as measured by households with retirement income of all the other places in the surrounding region. The city with the highest households with retirement income in the area is Nilwood which depicts a households with retirement income of 46.6% (approximately 4.6 times bigger).

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 ranked by overall family income of all the other places in the local area at $47,000 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. Standard City depicts it has the hightest cost of 106.5 for the cost of healthcare grouping.

Standard City Illinois Labor Force Charts

The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the COVID-19 Pandemic it went from 5.2% to 3.9% in December 2019. This represents a decrease in the monthly unemployment rate of 25.0%. 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. The monthly labor force participation depicts that from January 2017 to before the disasterous Coronavirus Pandemic it went from 57,685 to 57,276 in November 2019. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 57,276. 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 Standard City depicts it has a Unemployment Rate of 1.8% which is in the mid range of other places in the local area. The city with the highest unemployment rate in the area is Waggoner which shows a rate of 10.7% ( substantially bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Standard City shows it has a Labor Force Participation of 50.9% which is less than most other places in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Standard City shows full time employees approximately 4.1 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 Standard City area. Standard City shows it has a Single Earner Families of 27.5% which is in the center range of other places in the greater region. The city with the highest families with a single earner in the area is Farmersville which shows a single earners rate of 53.1% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Standard City depicts it has a Families with No One Working of 35.3% which is the most of all places in the greater Standard City region.

Standard City Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Standard City 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. Standard City depicts it has a Total In Poverty of 26 which is the second smallest when sorted by total people earning less than the poverty level of all the other places in the greater region. The city with the highest total people earning less than the poverty level in the area is Carlinville which depicts a total people earning less than the poverty level of 1,387 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Standard City shows it has a Percent of Population In Poverty of 12.4% which is less than most other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Waggoner which shows a percent of people in poverty of 27.3% (approximately 2.2 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Standard City has the largest proportion of person in poverty 18 to 34 years at 46% of the total and is ranked #1. Second, it has less than most other places in the greater region in order of person in poverty 35 to 54 years at 15% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Standard City has the largest proportion of less than highschool in poverty at 27% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Standard City has the percentage of people who are in poverty and unemployed in the mid point range of other places in the metro area at 23.1% 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.) Standard City depicts it has a Public Assistance Percent of 10.1% which is the smallest in terms of households with public assistance of all the other places in the metropolitan area. The city with the highest households with public assistance in the area is Waggoner which indicates a households with public assistance of 29.0% (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). Standard City shows it has a Gini Index of 24.2% which is the smallest in terms of the gini index of all the other places in the greater region.

Standard City Illinois Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Standard City or elsewhere.) Standard City has the largest proportion of people who carpooled at 20% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Standard City has one of the largest proportions of people who leave for work between 12am to 5am at 4% of the total and is ranked #2. The only larger city being Waggoner with 4%. Second, it has the smallest proportion of people who leave for work between 530 am to 6am at 9% of the total. Third, it has the largest proportion of people who leave for work between 630 am to 7am at 23% 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. Standard City has the largest proportion of people with commute time between 10 to 14 minutes at 16% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 40 to 44 minutes at 33% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 45 to 59 minutes at 17% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 60 to 89 minutes at 7% of the total and is ranked #1.

The average commute time is shown in Figure 37. Standard City depicts it has a Avg Commute Time of 40 which is the highest of all places in the greater Standard City region. Figure 38 shows the difference between male versus female commuting time. Standard City depicts average commute time in minutes for men approximately three-fourths the size as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Standard City has one of the largest proportions of 3 vehicles available at 37% of the total and is ranked #2. The only larger city being Nilwood with 42%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Standard City depicts it has a Work in city or place where live of 5% which is the second smallest in order of people who both work and live in the same city of all the other places in the surrounding region. The city with the highest people who both work and live in the same city in the area is Carlinville which depicts a people who both work and live in the same city of 61% ( very much bigger). Comparing people who both work and live in the same city to the United States average of 44%, Standard City is approximately a tenth the size. Also, in contrast to the state of Illinois, people who both work and live in the same city of 41%, Standard City is approximately an eigth the size.

Standard City 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. Standard City depicts it has the hightest median earnings of $65,625 for the earnings-natural resources, construction, maintenance occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Standard City shows it has the hightest median earnings of $80,921 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Standard City employment data in terms of job categories and salary data.