Beal City CDP Michigan Income Charts

This section shows the Beal City CDP Michigan economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Beal City CDP depicts it has a median earnings per worker of $38,214 which is in the mid range of other places in the local area. The place with the highest median earnings per worker in the area is Lake Isabella which shows a median earnings of $48,700 (27.4% larger). Comparing median earnings per worker to the United States average of $47,712, Beal City CDP is about 24.9% smaller. Also, measured against the state of Michigan, median earnings per worker of $47,411, Beal City CDP is about 24.1% 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 $63,438 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 shows a median income of $78,125 (23.2% larger). Comparing median household income to the United States average of $60,293, Beal City CDP is only about 5.2% larger. Also, in comparison with the state of Michigan, median household income of $54,938, Beal City CDP is 15.5% 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 percentage of earnings less than $10,000 less than most other places in the surrounding region at 21.8% of the total. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 1.3% of the total. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 14.5% 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 an average hours of 36.7 which is less than most other places in the local area. The place with the highest average hours in the area is Rosebush which depicts an average hours of 41.2 (12.3% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $20.02 which is in the middle range of other places in the metro area. The place with the highest average hourly earnings in the area is Lake Isabella which shows an average hourly earnings of $23.53 (17.5% larger). Comparing average hourly earnings to the United States average of $23.71, Beal City CDP is about 18.4% smaller. Also, measured against the state of Michigan, average hourly earnings of $23.87, Beal City CDP is about 19.2% 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 percentage of people self employed of 11.6% which is the second most people self employed of all the places in the greater Beal City CDP region. The place with the highest percentage of people self employed in the area is Lake Isabella which depicts a percentage self employed of 13.8% (18.6% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-25 to 44 years at $71,607 of the total and is ranked #2. The only larger place being Lake Isabella with $81,023. Second, it has one of the largest proportions of median income-65 years and over at $49,750 of the total and is ranked #2. The only larger place being Lake Isabella with $59,808.

Figure 9 breaks down the source of income and Beal City CDP has the largest proportion of income from wages at 84.6% of the total and is ranked #1. Second, it has the smallest proportion of investment and retirement income at 6.0% of the total. Third, it has the smallest proportion of social security at 6.1% 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 households with retirement income of 18.7% which is the second smallest in terms of households with retirement income of all the other places in the area. The place with the highest households with retirement income in the area is Weidman CDP which depicts a households with retirement income of 32.7% (75.0% 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 $71,563 of the total and is ranked #3. Only #2 Clare ($80,521), and #1 Lake Isabella ($83,478) are larger. Second, it has one of the largest proportions of white family income at $71,563 of the total and is ranked #3. Only #2 Clare ($80,000), and #1 Lake Isabella ($83,913) are larger.

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 shows 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 indicates that from February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 10.9% to 3.5% in December 2019. This represents a decrease in the monthly unemployment rate of 67.9%. Since that time, the monthly unemployment rate has gone to 3.5% 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 indicates that from January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 12,994 to 12,475 in November 2019. This represents a decrease in the monthly labor force participation of 4.0%. Since that time, the monthly labor force participation has gone to 12,475 This represents an increase 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 Beal City CDP shows it has an unemployment rate of 10.6% which is the largest of all places in the greater Beal City CDP region. 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 participation rate of 76.1% which is at the top of all other places in the surrounding 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 largest proportion of employed at 65.5% of the total and is ranked #1. Second, it has the largest proportion of unemployed at 10.6% of the total and is ranked #1. Third, it has the smallest proportion of not in labor force 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 indicates full time employees approximately 4.0 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 families with a single earner of 23.0% which is the second smallest in terms of families with a single earner of all the other places in the local area. The place with the highest families with a single earner in the area is Rosebush which shows a single earners rate of 36.5% (58.9% larger). 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 9.0% which is the smallest when sorted by families with no one working of all the other places in the metro area. The place with the highest families with no one working in the area is Weidman CDP which shows a families with no worker of 37.3% (approximately 4.1 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 people earning less than the poverty level of 24 which is the smallest as measured 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 6,768 ( markedly 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 people earning less than the poverty level of 4.9% which is the smallest as measured by 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 35.0% ( substantially 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 18 to 34 years at 83% of the total and is ranked #1. Second, it has one of the largest proportions of person in poverty 55 to 64 years at 17% of the total and is ranked #2. The only larger place being Farwell with 19%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Beal City CDP has the smallest proportion of white poverty rate at 5% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Beal City CDP has the largest proportion of college graduate and in poverty at 21% 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 83.3% of the total and is ranked #1. Second, it has less than most other places in the metro area when ranked by people who are in poverty and not in labor force at 16.7% of the total.

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 the gini index of 31.9% which is the smallest when sorted by the gini index of all the other places in the surrounding region.

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 smallest proportion of people who drove alone at 65% of the total. Second, it has the largest proportion of people who carpooled at 15% of the total and is ranked #1. Third, it has the largest proportion of people who took a taxicab, motorcycle or other 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. Beal City CDP has the percentage of people who leave for work between 12am to 5am the second smallest when ranked by people who leave for work between 12am to 5am of all the other places in the local area at 2% of the total. Second, it has the largest proportion of people who leave for work between 5am to 530am at 6% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 6am to 630am at 21% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 7am to 730am at 25% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 730 am to 8am at 31% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who leave for work between 12noon to 4pm at 2% of the total. Next it has the smallest proportion of people who leave for work between 4pm to midnight 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 percentage of people with commute time between 5 to 9 minutes in the mid range of other places in the local area at 12% of the total. Second, it has the largest proportion of people with commute time between 15 to 19 minutes at 27% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 31% of the total and is ranked #1.

The average commute time is shown in Figure 37. Beal City CDP depicts it has an average commute time of 20 which is less than most other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Beal City CDP shows average commute time in minutes for men 35.9% 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 1 vehicle available at 7% of the total. Second, it has less than most other places in the greater region in terms of 2 vehicles available at 40% of the total. Third, it has less than most other places in the surrounding region when ranked by 3 vehicles available at 13% of the total. Also, it has the largest proportion of 4 vehicles available at 31% of the total and is ranked #1. In addition, it has the largest proportion of 5 or more vehicles available at 9% 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 people who both work and live in the same city of 25% which is the third most people who both work and live in the same city of all other places in the greater Beal City CDP 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% (approximately 2.5 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Beal City CDP is approximately half 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 about 21.3% smaller.

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 shows it has the hightest median earnings of $77,031 for the management, business, and financial occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Beal City CDP shows it has the hightest median earnings of $28,750 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 category.

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.

In Figure 51 the average annual self employment/entrepreneur income is shown. Beal City CDP shows it has an average annual self employment income of $22,100 which is the third most average annual self employment income of all other places in the greater Beal City CDP region. The place with the highest average annual self employment income in the area is Lake Isabella which depicts an average annual self employment income of $28,701 (29.9% larger). Comparing average annual self employment income to the United States average of $37,819, Beal City CDP is approximately half the size. Also, compared to the state of Michigan, average annual self employment income of $31,109, Beal City CDP is approximately three-fourths the size.