College Springs Iowa Income Charts

This section shows the College Springs Iowa economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, College Springs shows it has a Median earnings of $46,000 which is the second most median earnings of all the places in the greater College Springs region. The city with the highest median earnings per worker in the area is Coin which depicts a median earnings of $48,438 (only about 5.3% larger). Comparing median earnings per worker to the United States average of $49,041, College Springs is about 6.6% smaller. Also, in comparison with the state of Iowa, median earnings per worker of $46,762, College Springs is about the same 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 $36,250 which is less than most other places in the area. The city with the highest median household income in the area is Coin which depicts a median income of $50,000 (37.9% larger). Comparing median household income to the United States average of $62,843, College Springs is approximately half the size. Also, measured against the state of Iowa, median household income of $60,523, College Springs is approximately three-fourths the size.

The next section examines a variety of different income statistics for the College Springs metropolitan area. In Figure 3 we see that it has the percentage of earnings between $15,000 and $19,999 less than most other places in the surrounding region at 35.8% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.9 which is less than most other places in the metro area. The city with the highest average hours in the area is Coin which depicts an average hours of 42.0 (10.8% 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 $23.34 which is the largest of all places in the greater College Springs region. Comparing average hourly earnings to the United States average of $24.31, College Springs is only about 4.1% smaller. Also, measured against the state of Iowa, average hourly earnings of $23.12, College Springs is about the same size.

Figure 7 examines the number of self employed people in the College Springs metro area based on the number of people who reported any self employment income. College Springs shows it has a Self Employed of 6.0% which is the second smallest as measured by 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 Clearmont which depicts a percentage self employed of 14.1% (approximately 2.3 times 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 $53,750 of the total and is ranked #3. Only #2 Shambaugh ($58,889), and #1 Braddyville ($68,182) are larger. Second, it has the second smallest in order of median income for those under 25 years of age of all the other places in the greater region in order of median income-25 to 44 years at $36,000 of the total. Third, it has less than most other places in the metropolitan area when ranked by median income-45 to 64 years at $25,625 of the total.

Figure 9 breaks down the source of income and College Springs has the largest proportion of investment and retirement income at 19.9% 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 With Retirement Income of 27.0% which is the second most households with retirement income of all the places in the greater College Springs region. The city with the highest households with retirement income in the area is Coin which shows a households with retirement income of 28.7% (6.5% 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 surrounding region at $39,583 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. College Springs depicts it has the hightest cost of 96.0 for the cost of miscellaneous items category.

College Springs Iowa 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 5.4% to 3.4% in February 2020. This represents a decrease in the monthly unemployment rate of 37.0%. Since that time, the monthly unemployment rate has gone to 2.9% This represents a decrease in the monthly unemployment rate of 14.7%. 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 disasterous Covid-19 virus Pandemic the monthly labor force participation went from 26,101 to 27,388 in February 2020. This represents an increase in the monthly labor force participation of 4.9%. Since that time, the monthly labor force participation has gone to 27,200 This represents a decrease 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 College Springs depicts it has a Unemployment Rate of 6.7% which is the most of all places in the greater College Springs region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. College Springs depicts it has a Labor Force Participation of 54.2% which is less than most other 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). College Springs has the largest proportion of employed at 6.7% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. College Springs shows full time employees approximately 2.4 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 College Springs area. College Springs shows it has a Single Earner Families of 30.6% which is the second most families with a single earner of all the places in the greater College Springs region. The city with the highest families with a single earner in the area is Northboro which shows a single earners rate of 42.9% (40.0% larger). The percentage of families with no one working is depicted in Figure 22. College Springs shows it has a Families with No One Working of 28.6% which is the third most families with no one working of all other places in the greater College Springs region. The city with the highest families with no one working in the area is Shambaugh which shows a families with no worker of 31.7% (11.0% larger).

College Springs Iowa Poverty Charts

The next section details economy analysis about poverty for residents of the College Springs 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. College Springs shows it has a Total In Poverty of 28 which is the third most of all other places in the local area. The city with the highest total people earning less than the poverty level in the area is Braddyville which depicts a total people earning less than the poverty level of 41 (46.4% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. College Springs depicts it has a Percent of Population In Poverty of 11.2% which is the smallest when sorted by percent of people earning less than the poverty level of all the other places in the surrounding region. The city with the highest percent of people earning less than the poverty level in the area is Braddyville which depicts a percent of people in poverty of 27.3% (approximately 2.4 times bigger).

In Figure 25 people who are in poverty are broken out by age group. College Springs has one of the largest proportions of person in poverty 12 to 17 years at 36% of the total and is ranked #2. The only larger city being Coin with 37%. Second, it has less than most other places in the metro area in order of person in poverty 55 to 64 years at 4% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. College Springs has the percentage of married with children and in poverty less than most other places in the greater region at 16% of the total. Second, it has in the middle range of other places in the local area in terms of unmarried with children and in poverty at 30% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. College Springs has the percentage of highschool graduate and in poverty the second smallest when sorted by less than highschool in poverty of all the other places in the greater region at 9% 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. College Springs has the percentage of people who are in poverty and unemployed less than most other places in the local area at 3.6% 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.) College Springs depicts it has a Public Assistance Percent of 8.0% which is less than most other places in the surrounding region. The city with the highest households with public assistance in the area is Shambaugh which depicts a households with public assistance of 29.5% (approximately 3.7 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). College Springs depicts it has a Gini Index of 35.8% which is the third most of all other places in the area.

College Springs Iowa 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 College Springs 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.) College Springs has the largest proportion of people who bicycle or walk to work at 8% 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 College Springs or elsewhere.) College Springs has the percentage of people who drove alone the second smallest as measured by people who drove alone of all the other places in the greater region at 78% of the total. Second, it has the largest proportion of people who work from home at 8% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. College Springs has the largest proportion of people who leave for work between 11am to 12noon at 16% 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. College Springs has the percentage of people with commute time of less than 5 minutesutes less than most other places in the local area at 5% of the total. Second, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 16% of the total and is ranked #2. The only larger city being Braddyville with 20%.

The average commute time is shown in Figure 37. College Springs depicts it has a Avg Commute Time of 18 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. College Springs 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 College Springs has the percentage of no vehicle available less than most other places in the greater region at 9% of the total. Second, it has less than most other places in the metro area when ranked by 1 vehicle available at 29% of the total. Third, it has one of the largest proportions of 2 vehicles available at 37% of the total and is ranked #2. The only larger city being Elmo with 47%. Also, it has one of the largest proportions of 4 vehicles available at 14% of the total and is ranked #2. The only larger city being Coin with 42%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) College Springs shows it has a Work in city or place where live of 32% which is the highest of all places in the greater College Springs region. Comparing people who both work and live in the same city to the United States average of 42%, College Springs is approximately three-fourths the size. Also, benchmarked against the state of Iowa, people who both work and live in the same city of 50%, College Springs is approximately three-fourths the size.

College Springs Iowa 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. College Springs depicts it has the hightest median earnings of $53,393 for the management, business, and financial occupations category. The table in Figure 48, shows College Springs employment data in terms of job categories and salary data.

College Springs Iowa 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. College Springs depicts it has the hightest entrepreneurs of 70% for the self employed management, business, science, and arts businesses classification.

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. College Springs depicts it has the hightest entrepreneurs of 70% for the self employed in construction aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. College Springs depicts it has a Self Employment Income of $24,583 which is the third most average annual self employment income of all other places in the greater College Springs region. The city with the highest average annual self employment income in the area is Coin which shows an average annual self employment income of $53,318 (about twice as large). Comparing average annual self employment income to the United States average of $39,154, College Springs is approximately three-fourths the size. Also, measured against the state of Iowa, average annual self employment income of $35,302, College Springs is approximately three-fourths the size.