Wayne City Illinois Income Charts

This section shows the Wayne City Illinois economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Wayne City depicts it has a Median earnings of $41,058 which is less than most other places in the local area. The city with the highest median earnings per worker in the area is Dahlgren which depicts a median earnings of $46,731 (13.8% larger). Comparing median earnings per worker to the United States average of $49,041, Wayne City is about 19.4% smaller. Also, in contrast to the state of Illinois, median earnings per worker of $52,292, Wayne City 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 $51,389 which is the second most median income of all the places in the greater Wayne City region. The city with the highest median household income in the area is Belle Prairie City which depicts a median income of $63,125 (22.8% larger). Comparing median household income to the United States average of $62,843, Wayne City is about 22.3% smaller. Also, benchmarked against the state of Illinois, median household income of $65,886, Wayne City is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Wayne City metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest in terms of median earnings of less than $10,000 of all the other places in the local area at 3.4% of the total. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 8.8% of the total and is ranked #1. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 10.1% 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 41.0 which is the second most average hours of all the places in the greater Wayne City region. The city with the highest average hours in the area is Belle Prairie City which shows an average hours of 43.2 (only about 5.4% 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 $19.26 which is the second smallest in order of average hourly earnings of all the other places in the local area. The city with the highest average hourly earnings in the area is Sims which depicts an average hourly earnings of $23.63 (22.7% larger). Comparing average hourly earnings to the United States average of $24.31, Wayne City is approximately three-fourths the size. Also, measured against the state of Illinois, average hourly earnings of $26.05, Wayne City is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Wayne City metro area based on the number of people who reported any self employment income. Wayne City depicts it has a Self Employed of 7.8% which is less than most other places in the metro area. The city with the highest percentage of people self employed in the area is Keenes which shows a percentage self employed of 29.6% (approximately 3.8 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $76,563 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $56,719 of the total and is ranked #2. The only larger city being Belle Prairie City with $107,813. Third, it has less than most other places in the local area as measured by median income-45 to 64 years at $36,591 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 27.7% which is the second most households with retirement income of all the places in the greater Wayne City region. The city with the highest households with retirement income in the area is Dahlgren which shows a households with retirement income of 41.2% (48.9% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $58,068 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Wayne City shows it has the hightest cost of 120.0 for the cost of utilities grouping.

Wayne City 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 Coronavirus Pandemic the monthly unemployment rate went from 8.7% to 2.5% in February 2020. This represents a decrease in the monthly unemployment rate of 71.3%. Since that time, the monthly unemployment rate has gone to 5.9% This represents an increase in the monthly unemployment rate of 136.0%. 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 Wuhan Coronavirus Pandemic the monthly labor force participation went from 11,860 to 11,416 in February 2020. This represents a decrease in the monthly labor force participation of 3.7%. Since that time, the monthly labor force participation has gone to 12,134 This represents an increase in the monthly labor force participation of 6.3%.

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 Wayne City depicts it has a Unemployment Rate of 1.6% which is the second smallest in order of unemployment rate of all the other places in the metro area. The city with the highest unemployment rate in the area is Bluford which shows a rate of 12.8% ( markedly bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Wayne City depicts it has a Labor Force Participation of 49.9% which is the second smallest as measured by participation rate of all the other places in the greater region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Wayne City 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 Wayne City area. Wayne City shows it has a Single Earner Families of 27.1% which is the third most families with a single earner of all other places in the greater Wayne City region. The city with the highest families with a single earner in the area is Sims which depicts a single earners rate of 40.0% (47.8% larger). The percentage of families with no one working is depicted in Figure 22. Wayne City depicts it has a Families with No One Working of 33.5% which is in the center range of other places in the local area. The city with the highest families with no one working in the area is Belle Prairie City which depicts a families with no worker of 54.5% (62.9% larger).

Wayne City Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Wayne 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. Wayne City shows it has a Total In Poverty of 119 which is ranked #1 of all places in the greater Wayne City region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Wayne City depicts it has a Percent of Population In Poverty of 12.3% which is the second smallest as measured by percent of people earning less than the poverty level of all the other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Dahlgren which shows a percent of people in poverty of 19.3% (56.4% larger).

In Figure 25 people who are in poverty are broken out by age group. Wayne City has the percentage of person in poverty 12 to 17 years the second smallest in order of person in poverty under 12 years of all the other places in the greater region at 12% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Wayne City has the largest proportion of hawaiian poverty rate at 64% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Wayne City has one of the largest proportions of married with children and in poverty at 70% of the total and is ranked #3. Only #2 Sims (70%), and #1 Dahlgren (83%) are larger. Second, it has one of the largest proportions of unmarried with children and in poverty at 69% of the total and is ranked #3. Only #2 Sims (70%), and #1 Dahlgren (91%) are larger. Third, it has the largest proportion of unmarried female with children and in poverty at 100% 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. Wayne City 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 greater region at 9% 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.) Wayne City depicts it has a Public Assistance Percent of 15.9% which is less than most other places in the area. The city with the highest households with public assistance in the area is Keenes which depicts a households with public assistance of 33.3% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Wayne City shows it has a Gini Index of 33.3% which is the second smallest in terms of the gini index of all the other places in the greater region.

Wayne City 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 Wayne City 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.) Wayne City has the largest proportion of people who bicycle or walk to work 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 Wayne City or elsewhere.) Wayne City has the largest proportion of people who work from 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. Wayne City has the largest proportion of people who leave for work between 5am to 530am at 11% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 830 am to 9am at 5% 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. Wayne City has one of the largest proportions of people with commute time of less than 5 minutesutes at 11% of the total and is ranked #3. Only #2 Keenes (20%), and #1 Dahlgren (24%) are larger. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 5% of the total and is ranked #3. Only #2 Belle Rive (8%), and #1 Sims (10%) are larger. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 7% of the total.

The average commute time is shown in Figure 37. Wayne City shows it has a Avg Commute Time of 28 which is the second most average commute time of all the places in the greater Wayne City region. Figure 38 shows the difference between male versus female commuting time. Wayne City depicts average commute time in minutes for men 45.3% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Wayne City has the percentage of no vehicle available the second smallest when sorted by no vehicle available of all the other places in the local area at 9% of the total. Second, it has one of the largest proportions of 1 vehicle available at 54% of the total and is ranked #2. The only larger city being Belle Prairie City with 85%. Third, it has in the mid range of other places in the metro area when ranked by 2 vehicles available at 18% of the total. Also, it has one of the largest proportions of 3 vehicles available at 13% of the total and is ranked #3. Only #2 Bluford (14%), and #1 Belle Rive (14%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Wayne City depicts it has a Work in city or place where live of 17% which is the second most of all the places in the metropolitan area. The city with the highest people who both work and live in the same city in the area is Dahlgren which indicates a people who both work and live in the same city of 21% (21.1% larger). Comparing people who both work and live in the same city to the United States average of 42%, Wayne City is approximately half the size. Also, benchmarked against the state of Illinois, people who both work and live in the same city of 38%, Wayne City is approximately half the size.

Wayne 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. Wayne City depicts it has the hightest median earnings of $54,063 for the earnings-natural resources, construction, maintenance occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Wayne City shows it has the hightest median earnings of $58,750 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Wayne City employment data in terms of job categories and salary data.

Wayne City 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. Wayne City depicts it has the hightest entrepreneurs of 50% for the self employed management, business, science, and arts 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. Wayne City shows it has the hightest entrepreneurs of 50% for the self employed in professional, scientific, management, administrative services group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Wayne City depicts it has a Self Employment Income of $33,609 which is the second most average annual self employment income of all the places in the greater Wayne City region. The city with the highest average annual self employment income in the area is Belle Prairie City which shows an average annual self employment income of $51,020 (51.8% larger). Comparing average annual self employment income to the United States average of $39,154, Wayne City is about 16.5% smaller. Also, measured against the state of Illinois, average annual self employment income of $38,734, Wayne City is about 15.2% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Wayne City shows total number of self-employed men about 14.3% smaller as the total number of self-employed women.