Beal City CDP Michigan Income Charts

This section shows the Beal City CDP Michigan economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Beal City CDP depicts it has a Median earnings of $41,583 which is in the mid range of other places in the surrounding region. The place with the highest median earnings per worker in the area is Lake Isabella which depicts a median earnings of $53,542 (28.8% larger). Comparing median earnings per worker to the United States average of $50,459, Beal City CDP is about 21.3% smaller. Also, measured against the state of Michigan, median earnings per worker of $50,100, Beal City CDP is about 20.5% 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 $58,125 which is the second most of all the places in the metro area. The place with the highest median household income in the area is Lake Isabella which shows a median income of $71,167 (22.4% larger). Comparing median household income to the United States average of $64,994, Beal City CDP is about 11.8% smaller. Also, measured against the state of Michigan, median household income of $59,234, Beal City CDP is about the same size.

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 most average hours of all the places in the greater Beal City CDP region. The place with the highest average hours in the area is Lake Isabella which depicts an average hours of 39.4 (only about 4.8% 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 $21.27 which is less than most other places in the greater region. The place with the highest average hourly earnings in the area is Lake Isabella which shows an average hourly earnings of $26.13 (22.9% larger). Comparing average hourly earnings to the United States average of $25.01, Beal City CDP is about 17.6% smaller. Also, compared to the state of Michigan, average hourly earnings of $25.16, Beal City CDP is about 18.3% 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 9.2% which is the third most people self employed of all other places in the greater Beal City CDP region. The place with the highest percentage of people self employed in the area is Rosebush which indicates a percentage self employed of 14.7% (60.5% 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 $68,958 of the total and is ranked #2. The only larger place being Lake Isabella with $77,188. Second, it has one of the largest proportions of median income-25 to 44 years at $76,500 of the total and is ranked #2. The only larger place being Lake Isabella with $79,286. Third, it has the smallest proportion of median income-45 to 64 years at $29,417 of the total.

Figure 9 breaks down the source of income and Beal City CDP has the smallest proportion of self employment income at 7.3% 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 19.4% 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 33.0% (70.4% 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 $69,625 of the total and is ranked #2. The only larger place being Lake Isabella with $84,886.

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 indicates it has the hightest cost of 103.7 for the cost of transportation category.

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 January 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 10.7% to 5.1% in March 2020. This represents a decrease in the monthly unemployment rate of 52.3%. Since that time, the monthly unemployment rate has gone to 4.5% This represents a decrease in the monthly unemployment rate of 11.8%. 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 January 2010 to before the disasterous Covid-19 virus Pandemic the monthly labor force participation went from 12,994 to 11,800 in March 2020. This represents a decrease in the monthly labor force participation of 9.2%. Since that time, the monthly labor force participation has gone to 11,148 This represents a decrease in the monthly labor force participation of 5.5%.

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 shows it has a Unemployment Rate of 4.6% which is in the mid range of other places in the local area. The place with the highest unemployment rate in the area is Farwell which depicts a rate of 5.9% (28.1% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Beal City CDP depicts it has a Labor Force Participation of 65.3% which is the largest 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 34.7% 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 3.3 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 9.1% which is the smallest in order of families with a single earner of all the other places in the metropolitan area. The place with the highest families with a single earner in the area is Rosebush which depicts a single earners rate of 49.1% ( markedly bigger). The percentage of families with no one working is depicted in Figure 22. Beal City CDP depicts it has a Families with No One Working of 7.3% which is the smallest in terms of families with no one working of all the other places in the greater region. The place with the highest families with no one working in the area is Rosebush which shows a families with no worker of 26.3% (approximately 3.6 times 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 5 which is the smallest when sorted by total people earning less than the poverty level of all the other places in the local area. The place with the highest total people earning less than the poverty level in the area is Mount Pleasant which depicts a total people earning less than the poverty level of 6,390 ( appreciably 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 1.9% which is the smallest in terms of percent of people earning less than the poverty level of all the other places in the area. The place with the highest percent of people earning less than the poverty level in the area is Weidman CDP which depicts a percent of people in poverty of 44.5% ( markedly 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. 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.) Beal City CDP depicts it has a Public Assistance Percent of 3.1% which is the smallest in order of households with public assistance of all the other places in the metropolitan area. The place with the highest households with public assistance in the area is Weidman CDP which shows a households with public assistance of 31.0% ( markedly bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Beal City CDP shows it has a Gini Index of 33.2% which is the smallest when sorted by the gini index of all the other places in the local 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 89% 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 the smallest proportion of people who leave for work between 5am to 530am at 2% of the total. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 23% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 7am to 730am at 29% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 730 am to 8am at 14% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 12noon to 4pm at 2% 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 5% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 29% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 34% of the total and is ranked #1.

The average commute time is shown in Figure 37. Beal City CDP depicts it has a Avg Commute Time of 18 which is the second smallest in order of average commute time of all the other places in the metropolitan area. Figure 38 shows the difference between male versus female commuting time. Beal City CDP 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 Beal City CDP has the percentage of no vehicle available less than most other places in the local area at 14% of the total. Second, it has the smallest proportion of 1 vehicle available at 38% of the total. Third, it has the largest proportion of 2 vehicles available at 33% 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 shows it has a Work in city or place where live of 4% which is the smallest in terms of people who both work and live in the same city of all the other places in the greater region. The place with the highest people who both work and live in the same city in the area is Mount Pleasant which shows a people who both work and live in the same city of 61% ( appreciably bigger). Comparing people who both work and live in the same city to the United States average of 43%, Beal City CDP is approximately a twelfth the size. Also, benchmarked against the state of Michigan, people who both work and live in the same city of 31%, Beal City CDP is approximately an eigth 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 $79,167 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 $32,614 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 shows 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 category.