Yates township Illinois Income Charts

This section shows the Yates 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, Yates township depicts it has a median earnings per worker of $32,417 which is the smallest when sorted by median earnings per worker of all the other places in the surrounding region. The city with the highest median earnings per worker in the area is Lexington which shows a median earnings of $48,903 (50.9% larger). Comparing median earnings per worker to the United States average of $47,712, Yates township is approximately three-fourths the size. Also, measured against the state of Illinois, median earnings per worker of $51,263, Yates township 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 $77,431 which is the highest of all places in the greater Yates township region. Comparing median household income to the United States average of $60,293, Yates township is 28.4% larger. Also, compared with the state of Illinois, median household income of $63,575, Yates township is 21.8% larger.

The next section examines a variety of different income statistics for the Yates township metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 12.8% of the total. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 13.5% of the total and is ranked #1. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 48.1% of the total and is ranked #1.

Figure 7 examines the number of self employed people in the Yates township metro area based on the number of people who reported any self employment income. Yates township shows it has a percentage of people self employed of 27.7% which is is the uppermost of the places in the greater Yates 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-45 to 64 years at $81,094 of the total and is ranked #2. The only larger city being Anchor with $95,000.

Figure 9 breaks down the source of income and Yates township has the largest proportion of income from wages at 100.0% 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 24.6% which is the third most of all other places in the metropolitan area. The city with the highest households with retirement income in the area is Lexington which indicates a households with retirement income of 26.7% (8.6% 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 $81,094 of the total and is ranked #2. The only larger city being Lexington with $85,882. Second, it has one of the largest proportions of white family income at $81,094 of the total and is ranked #2. The only larger city being Lexington with $85,221.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Yates township depicts it has the hightest cost of 100.7 for the cost of miscellaneous items group.

Yates 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 shows that from February 2010 to before the disasterous COVID Pandemic the monthly unemployment rate went from 7.3% to 3.0% in December 2019. This represents a decrease in the monthly unemployment rate of 58.9%. Since that time, the monthly unemployment rate has gone to 3.0% 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/COVID Pandemic the monthly labor force participation went from 29,686 to 28,681 in November 2019. This represents a decrease in the monthly labor force participation of 3.4%. Since that time, the monthly labor force participation has gone to 28,681 This represents an increase in the monthly labor force participation of very little. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Yates township depicts it has a participation rate of 87.2% which is ranked #1 of all places in the local 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). Yates township has the largest proportion of employed at 87.2% of the total and is ranked #1. Second, it has the smallest proportion of not in labor force at 12.8% of the total.

Yates township Illinois Poverty Charts

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Yates township shows it has a the gini index of 5.7% which is the smallest when sorted by the gini index of all the other places in the area.

Yates 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 Yates 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.) Yates township has the smallest proportion of people who drive a car or motorcycle to work at 84% of the total. Second, it has the largest proportion of people who work at home at 16% 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 Yates township or elsewhere.) Yates township has the largest proportion of people who work at home at 16% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Yates township has the largest proportion of people who leave for work between 6am to 630am at 18% 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 34% 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. Yates township has one of the largest proportions of people with commute time between 10 to 14 minutes at 15% of the total and is ranked #2. The only larger city being Pontiac with 19%. Second, it has the largest proportion of people with commute time between 35 to 39 minutes at 34% of the total and is ranked #1.

The average commute time is shown in Figure 37. Yates township depicts it has an average commute time of 26 which is in the middle range of other places in the area. Figure 38 shows the difference between male versus female commuting time. Yates township shows 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 Yates township has the percentage of 2 vehicles available the second smallest when sorted by no vehicle available of all the other places in the greater region at 41% of the total. Second, it has the largest proportion of 3 vehicles available at 59% of the total and is ranked #1.

Yates township Illinois Jobs Charts

The table in Figure 48, shows Yates township employment data in terms of job categories and salary data.