Beal City CDP Michigan Income Charts

This section shows the Beal City CDP Michigan economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Beal City CDP depicts it has a Median earnings of $42,366 which is in the mid point range of other places in the metro area. The place with the highest median earnings per worker in the area is Lake Isabella which depicts a median earnings of $51,042 (20.5% larger). Comparing median earnings per worker to the United States average of $49,041, Beal City CDP is about 15.8% smaller. Also, benchmarked against the state of Michigan, median earnings per worker of $48,618, Beal City CDP is about 14.8% 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 $72,614 which is the second most median income of all the places in the greater Beal City CDP region. The place with the highest median household income in the area is Lake Isabella which depicts a median income of $75,625 (only about 4.1% larger). Comparing median household income to the United States average of $62,843, Beal City CDP is 15.5% larger. Also, measured against the state of Michigan, median household income of $57,144, Beal City CDP is 27.1% larger.

The next section examines a variety of different income statistics for the Beal City CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $10,000 and $14,999 at 1.8% of the total. Second, it has one of the largest proportions of earnings between $15,000 and $19,999 at 45.3% of the total and is ranked #2. The only larger place being Weidman CDP with 49.9%. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 17.3% 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 38.7 which is the third most average hours of all other places in the greater Beal City CDP region. The place with the highest average hours in the area is Rosebush which shows an average hours of 42.2 (9.0% 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 $21.05 which is in the middle range of other places in the area. The place with the highest average hourly earnings in the area is Lake Isabella which shows an average hourly earnings of $24.98 (18.6% larger). Comparing average hourly earnings to the United States average of $24.31, Beal City CDP is about 15.5% smaller. Also, in contrast to the state of Michigan, average hourly earnings of $24.48, Beal City CDP is about 16.3% smaller.

Figure 7 examines the number of self employed people in the Beal City CDP metro area based on the number of people who reported any self employment income. Beal City CDP depicts it has a Self Employed of 8.5% which is in the mid range of other places in the local area. The place with the highest percentage of people self employed in the area is Lake Isabella which depicts a percentage self employed of 13.5% (58.5% larger).

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 $71,607 of the total and is ranked #2. The only larger place being Lake Isabella with $82,875. Second, it has the largest proportion of median income-25 to 44 years at $122,750 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $50,208 of the total and is ranked #2. The only larger place being Lake Isabella with $65,417.

Figure 9 breaks down the source of income and Beal City CDP has the smallest proportion of self employment income at 4.6% of the total. Second, it has the smallest proportion of investment and retirement income at 6.6% 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 18.6% which is the second smallest in terms of households with retirement income of all the other places in the local area. The place with the highest households with retirement income in the area is Weidman CDP which shows a households with retirement income of 38.7% (about twice as large).

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 $74,886 of the total and is ranked #2. The only larger place being Lake Isabella with $83,266.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Beal City CDP depicts it has the hightest cost of 103.7 for the cost of transportation aggregate.

Beal City CDP Michigan 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 Wuhan virus Pandemic the monthly unemployment rate went from 10.9% to 3.6% in February 2020. This represents a decrease in the monthly unemployment rate of 67.0%. Since that time, the monthly unemployment rate has gone to 4.6% This represents an increase in the monthly unemployment rate of 27.8%. 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 13,049 to 12,615 in February 2020. This represents a decrease in the monthly labor force participation of 3.3%. Since that time, the monthly labor force participation has gone to 12,135 This represents a decrease in the monthly labor force participation of 3.8%.

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 Beal City CDP depicts it has a Unemployment Rate of 2.9% which is the second smallest when sorted by unemployment rate of all the other places in the local area. The place with the highest unemployment rate in the area is Farwell which depicts a rate of 6.2% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Beal City CDP shows it has a Labor Force Participation of 76.1% which is the highest of all places in the greater Beal City CDP region.

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). Beal City CDP has the smallest proportion of unemployed at 23.9% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Beal City CDP depicts full time employees approximately 3.6 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 Beal City CDP area. Beal City CDP shows it has a Single Earner Families of 6.7% which is the smallest in order of families with a single earner of all the other places in the surrounding region. The place with the highest families with a single earner in the area is Weidman CDP which depicts a single earners rate of 43.3% ( very much bigger). The percentage of families with no one working is depicted in Figure 22. Beal City CDP shows it has a Families with No One Working of 5.3% which is the smallest when sorted by families with no one working of all the other places in the local area. The place with the highest families with no one working in the area is Rosebush which depicts a families with no worker of 33.3% ( considerably bigger).

Beal City CDP Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Beal City CDP 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. Beal City CDP shows it has a Total In Poverty of 4 which is the smallest in order of total people earning less than the poverty level of all the other places in the greater region. The place with the highest total people earning less than the poverty level in the area is Mount Pleasant which shows a total people earning less than the poverty level of 6,691 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Beal City CDP depicts it has a Percent of Population In Poverty of 1.2% which is the smallest in order of percent of people earning less than the poverty level of all the other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Mount Pleasant which shows a percent of people in poverty of 34.6% ( considerably bigger).

In Figure 25 people who are in poverty are broken out by age group. Beal City CDP has the largest proportion of person in poverty 35 to 54 years at 100% 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. Beal City CDP has the largest proportion of people who are in poverty and unemployed at 100.0% of the total and is ranked #1.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Beal City CDP depicts it has a Gini Index of 33.2% which is the smallest as measured by the gini index of all the other places in the metro area.

Beal City CDP Michigan Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Beal City CDP or elsewhere.) Beal City CDP has the largest proportion of people who drove alone at 85% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Beal City CDP has one of the largest proportions of people who leave for work between 12am to 5am at 6% of the total and is ranked #2. The only larger place being Farwell with 8%. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 33% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 7am to 730am at 23% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 10am to 11am at 4% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 11am to 12noon at 4% of the total. Furthermore, it has the smallest proportion of people who leave for work between 12noon to 4pm at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Beal City CDP has the smallest proportion of people with commute time of less than 5 minutesutes at 3% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 33% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 30% of the total and is ranked #1.

The average commute time is shown in Figure 37. Beal City CDP shows it has a Avg Commute Time of 20 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Beal City CDP shows average commute time in minutes for men only slightly larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Beal City CDP has the smallest proportion of no vehicle available at 9% of the total. Second, it has less than most other places in the metropolitan area in order of 1 vehicle available at 46% of the total. Third, it has the largest proportion of 2 vehicles available at 20% of the total and is ranked #1. Also, it has the largest proportion of 4 vehicles available at 16% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Beal City CDP depicts it has a Work in city or place where live of 11% which is the smallest when ranked by people who both work and live in the same city of all the other places in the local area. The place with the highest people who both work and live in the same city in the area is Mount Pleasant which depicts a people who both work and live in the same city of 60% ( markedly bigger). Comparing people who both work and live in the same city to the United States average of 42%, Beal City CDP is approximately a quarter the size. Also, measured against the state of Michigan, people who both work and live in the same city of 30%, Beal City CDP is approximately a third the size.

Beal City CDP Michigan 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. Beal City CDP depicts it has the hightest median earnings of $91,250 for the management, business, and financial occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Beal City CDP depicts it has the hightest median earnings of $31,607 for the earnings-sales and office occupations group. The table in Figure 48, shows Beal City CDP employment data in terms of job categories and salary data.

Beal City CDP Michigan 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. Beal City CDP depicts it has the hightest entrepreneurs of 100% 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. Beal City CDP shows it has the hightest entrepreneurs of 100% for the self employed in construction classification.