Villa Grove Illinois Income Charts

This section shows the Villa Grove Illinois economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Villa Grove depicts it has a Median earnings of $43,110 which is less than most other places in the area. The city with the highest median earnings per worker in the area is Tuscola which depicts a median earnings of $47,733 (10.7% larger). Comparing median earnings per worker to the United States average of $49,041, Villa Grove is about 13.8% smaller. Also, versus the state of Illinois, median earnings per worker of $52,292, Villa Grove is about 21.3% 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 $58,071 which is in the middle range of other places in the local area. The city with the highest median household income in the area is Philo which shows a median income of $80,804 (39.1% larger). Comparing median household income to the United States average of $62,843, Villa Grove is about 8.2% smaller. Also, benchmarked against the state of Illinois, median household income of $65,886, Villa Grove is about 13.5% smaller.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.6 which is the second smallest when ranked by average hours of all the other places in the metro area. The city with the highest average hours in the area is Pesotum which depicts an average hours of 38.9 (only about 3.5% 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 $22.05 which is in the mid point range of other places in the local area. The city with the highest average hourly earnings in the area is Broadlands which indicates an average hourly earnings of $25.60 (16.1% larger). Comparing average hourly earnings to the United States average of $24.31, Villa Grove is about 10.2% smaller. Also, measured against the state of Illinois, average hourly earnings of $26.05, Villa Grove is about 18.2% smaller.

Figure 7 examines the number of self employed people in the Villa Grove metro area based on the number of people who reported any self employment income. Villa Grove depicts it has a Self Employed of 13.0% which is more than all other places in the greater Villa Grove 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 $80,391 of the total and is ranked #3. Only #2 Philo ($81,176), and #1 Longview ($86,875) are larger. Second, it has less than most other places in the metro area when ranked by median income-25 to 44 years at $62,891 of the total. Third, it has in the middle range of other places in the metro area when sorted by median income-45 to 64 years at $35,125 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 22.9% which is less than most other places in the metro area. The city with the highest households with retirement income in the area is Broadlands which depicts a households with retirement income of 35.9% (57.0% larger).

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 sorted by overall family income of all the other places in the area at $73,083 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. Villa Grove shows it has the hightest cost of 100.7 for the cost of miscellaneous items category.

Villa Grove 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 January 2006 to before the Coronavirus Pandemic the monthly unemployment rate went from 4.7% to 4.4% in March 2020. This represents a decrease in the monthly unemployment rate of 6.4%. Since that time, the monthly unemployment rate has gone to 6.7% This represents an increase in the monthly unemployment rate of 52.3%. 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 February 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 22,472 to 22,039 in February 2020. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 23,195 This represents an increase in the monthly labor force participation of 5.2%.

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 Villa Grove depicts it has a Unemployment Rate of 4.8% which is the second most unemployment rate of all the places in the greater Villa Grove region. The city with the highest unemployment rate in the area is Broadlands which depicts a rate of 8.0% (65.8% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Villa Grove depicts it has a Labor Force Participation of 64.8% which is less than most other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Villa Grove depicts full time employees approximately 3.4 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 Villa Grove area. Villa Grove depicts it has a Single Earner Families of 20.5% which is the third most families with a single earner of all other places in the greater Villa Grove region. The city with the highest families with a single earner in the area is Broadlands which shows a single earners rate of 38.0% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Villa Grove depicts it has a Families with No One Working of 19.9% which is the second most families with no one working of all the places in the greater Villa Grove region. The city with the highest families with no one working in the area is Longview which shows a families with no worker of 20.0% ( about the same size).

Villa Grove Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Villa Grove 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. Villa Grove indicates it has a Total In Poverty of 213 which is the second most total people earning less than the poverty level of all the places in the greater Villa Grove region. The city with the highest total people earning less than the poverty level in the area is Tuscola which shows a total people earning less than the poverty level of 397 (about twice as large).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Villa Grove depicts it has a Percent of Population In Poverty of 8.9% which is the second smallest as measured by percent of people earning less than the poverty level of all the other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Longview which shows a percent of people in poverty of 22.6% (approximately 2.5 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Villa Grove has one of the largest proportions of person in poverty 55 to 64 years at 17% of the total and is ranked #3. Only #2 Camargo (18%), and #1 Philo (100%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Villa Grove has the percentage of married with children and in poverty in the middle range of other places in the surrounding region at 16% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Villa Grove has one of the largest proportions of people who are in poverty and unemployed at 21.6% of the total and is ranked #2. The only larger city being Pesotum with 53.3%. 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.) Villa Grove shows it has a Public Assistance Percent of 10.7% which is less than most other places in the surrounding region. The city with the highest households with public assistance in the area is Longview which depicts a households with public assistance of 24.5% (approximately 2.3 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Villa Grove depicts it has a Gini Index of 36.8% which is less than most other places in the local area.

Villa Grove Illinois Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Villa Grove has one of the largest proportions of people who leave for work between 12am to 5am at 5% of the total and is ranked #2. The only larger city being Longview with 8%. Second, it has the smallest proportion of people who leave for work between 530 am to 6am at 5% of the total. Third, it has the smallest proportion of people who leave for work between 8am to 830am at 0% of the total. Also, it has the largest proportion of people who leave for work between 12noon to 4pm at 12% 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. Villa Grove has one of the largest proportions of people with commute time of less than 5 minutesutes at 10% of the total and is ranked #2. The only larger city being Tuscola with 18%. Second, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the local area in order of people with commute time between 5 to 9 minutes at 4% of the total. Third, it has less than most other places in the metro area when sorted by people with commute time between 10 to 14 minutes at 7% of the total. Also, it has the largest proportion of people with commute time between 45 to 59 minutes at 5% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 60 to 89 minutes at 0% of the total.

The average commute time is shown in Figure 37. Villa Grove depicts it has a Avg Commute Time of 26 which is the third most average commute time of all other places in the greater Villa Grove region. Figure 38 shows the difference between male versus female commuting time. Villa Grove shows average commute time in minutes for men 27.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Villa Grove has one of the largest proportions of no vehicle available at 16% of the total and is ranked #3. Only #2 Tuscola (17%), and #1 Longview (18%) are larger. Second, it has one of the largest proportions of 1 vehicle available at 48% of the total and is ranked #2. The only larger city being Broadlands with 48%. Third, it has the smallest proportion of 3 vehicles available at 7% of the total. Also, it has the second smallest in terms of no vehicle available of all the other places in the surrounding region when ranked by 4 vehicles available at 3% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Villa Grove depicts it has a Work in city or place where live of 22% which is the second most of all the places in the local area. The city with the highest people who both work and live in the same city in the area is Tuscola which shows a people who both work and live in the same city of 41% (about twice as large). Comparing people who both work and live in the same city to the United States average of 42%, Villa Grove is approximately half the size. Also, versus the state of Illinois, people who both work and live in the same city of 38%, Villa Grove is approximately half the size.

Villa Grove 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. Villa Grove shows it has the hightest median earnings of $67,188 for the earnings-protective service occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Villa Grove shows it has the hightest median earnings of $55,000 for the earnings-production, transportation, material moving occupations classification. The table in Figure 48, shows Villa Grove employment data in terms of job categories and salary data.

Villa Grove 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. Villa Grove shows it has the hightest entrepreneurs of 50% for the self employed in service businesses aggregate.

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. Villa Grove depicts it has the hightest entrepreneurs of 50% for the self employed in wholesale trade group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Villa Grove shows it has a Self Employment Income of $15,677 which is the second smallest as measured by average annual self employment income of all the other places in the local area. The city with the highest average annual self employment income in the area is Philo which depicts an average annual self employment income of $60,276 (approximately 3.8 times bigger). Comparing average annual self employment income to the United States average of $39,154, Villa Grove is approximately half the size. Also, versus the state of Illinois, average annual self employment income of $38,734, Villa Grove is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Villa Grove shows total number of self-employed men 21.9% larger as the total number of self-employed women.