Boston township Michigan Income Charts

This section shows the Boston township Michigan economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Boston township shows it has a median earnings per worker of $44,589 which is the third most median earnings of all other places in the greater Boston township region. The city with the highest median earnings per worker in the area is Lowell which depicts a median earnings of $46,061 (only about 3.3% larger). Comparing median earnings per worker to the United States average of $47,712, Boston township is about 7.0% smaller. Also, compared to the state of Michigan, median earnings per worker of $47,411, Boston township is about 6.3% 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 $63,487 which is the second most median income of all the places in the greater Boston township region. The city with the highest median household income in the area is Lowell which depicts a median income of $65,809 (only about 3.7% larger). Comparing median household income to the United States average of $60,293, Boston township is only about 5.3% larger. Also, compared with the state of Michigan, median household income of $54,938, Boston township is 15.6% larger.

The next section examines a variety of different income statistics for the Boston township metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings of $100,000 more at 4.3% 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 an average hours of 37.2 which is in the mid range of other places in the local area. The city with the highest average hours in the area is Freeport which depicts an average hours of 42.1 (13.2% 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 $23.05 which is the third most average hourly earnings of all other places in the greater Boston township region. The city with the highest average hourly earnings in the area is Saranac which shows an average hourly earnings of $23.84 (only about 3.4% larger). Comparing average hourly earnings to the United States average of $23.71, Boston township is only about 2.9% smaller. Also, in contrast to the state of Michigan, average hourly earnings of $23.87, Boston township is only about 3.5% smaller.

Figure 7 examines the number of self employed people in the Boston township metro area based on the number of people who reported any self employment income. Boston township depicts it has a percentage of people self employed of 11.3% which is the highest of all places in the greater Boston township region.

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the intermediate range of other places in the local area at $25,583 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $69,435 of the total and is ranked #2. The only larger city being Clarksville with $69,583. Third, it has one of the largest proportions of median income-45 to 64 years at $75,044 of the total and is ranked #2. The only larger city being Lowell with $86,250. Also, it has one of the largest proportions of median income-65 years and over at $39,712 of the total and is ranked #2. The only larger city being Lowell with $47,778.

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 16.1% which is less than most other places in the area. The city with the highest households with retirement income in the area is Saranac which indicates a households with retirement income of 24.1% (49.7% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $74,375 of the total and is ranked #1. Second, it has the largest proportion of white family income at $71,838 of the total and is ranked #1. Third, it has the largest proportion of hispanic family income at $97,594 of the total and is ranked #1.

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

Boston township 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 depicts that from January 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 11.0% to 2.3% in March 2020. This represents a decrease in the monthly unemployment rate of 79.1%. Since that time, the monthly unemployment rate has gone to 8.3% This represents an increase in the monthly unemployment rate of 260.9%. 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 Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 26,714 to 30,047 in March 2020. This represents an increase in the monthly labor force participation of 12.5%. Since that time, the monthly labor force participation has gone to 30,839 This represents an increase in the monthly labor force participation of 2.6%.

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 Boston township depicts it has an unemployment rate of 2.2% which is the second smallest when sorted by unemployment rate of all the other places in the greater region. The city with the highest unemployment rate in the area is Saranac which shows a rate of 5.0% (approximately 2.3 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Boston township shows it has a participation rate of 70.8% which is at the top of all other places in the greater Boston township 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). Boston township has the largest proportion of employed at 68.6% of the total and is ranked #1. Second, it has the smallest proportion of not in labor force at 29.2% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Boston township depicts full time employees approximately 2.3 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 Boston township area. Boston township shows it has a families with a single earner of 19.1% which is the smallest when sorted by families with a single earner of all the other places in the metro area. The city with the highest families with a single earner in the area is Lake Odessa which depicts a single earners rate of 36.1% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Boston township depicts it has a families with no one working of 14.9% which is in the center range of other places in the metro area. The city with the highest families with no one working in the area is Freeport which shows a families with no worker of 17.9% (20.2% larger).

Boston township Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Boston township 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. Boston township depicts it has a total people earning less than the poverty level of 564 which is the second most of all the places in the local area. The city with the highest total people earning less than the poverty level in the area is Ionia which depicts a total people earning less than the poverty level of 1,887 (approximately 3.3 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Boston township shows it has a percent of people earning less than the poverty level of 9.8% which is less than most other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Ionia which depicts a percent of people in poverty of 24.8% (approximately 2.5 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Boston township has the percentage of person in poverty under 12 years in the middle range of other places in the metro area at 18% of the total. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 31% of the total and is ranked #2. The only larger city being Ionia with 38%. Third, it has one of the largest proportions of person in poverty 35 to 54 years at 28% of the total and is ranked #2. The only larger city being Lake Odessa with 30%. Also, it has in the mid range of other places in the metro area when sorted by person in poverty 65+ years at 14% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Boston township has the largest proportion of black poverty rate at 27% of the total and is ranked #1. Second, it has the largest proportion of american indian poverty rate at 74% of the total and is ranked #1. Third, it has less than most other places in the greater region when sorted by hispanicp poverty rate at 1% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Boston township has the percentage of unmarried female with children and in poverty the second smallest in terms of married with children and in poverty of all the other places in the area at 31% of the total. Second, it has one of the largest proportions of unmarried male with children and in poverty at 39% of the total and is ranked #2. The only larger city being Freeport with 79%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Boston township has the percentage of less than highschool in poverty less than most other places in the metro area at 2% 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.) Boston township shows it has a households with public assistance of 9.6% which is the second smallest when ranked by households with public assistance of all the other places in the local area. The city with the highest households with public assistance in the area is Ionia which shows a households with public assistance of 29.8% (approximately 3.1 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Boston township depicts it has a the gini index of 39.1% which is the third most the gini index of all other places in the greater Boston township region.

Boston township Michigan 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 Boston 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.) Boston township has the largest proportion of people who work at home at 7% 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 Boston township or elsewhere.) Boston township has the largest proportion of people who took a taxicab, motorcycle or other at 1% of the total and is ranked #1. Second, it has the largest proportion of people who work at home at 7% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Boston township has the smallest proportion of people who leave for work between 10am to 11am at 1% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Boston township has the smallest proportion of people with commute time of less than 5 minutesutes at 1% of the total. Second, it has in the middle range of other places in the metro area in terms of people with commute time between 5 to 9 minutes at 9% of the total. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 14% of the total and is ranked #2. The only larger city being Ionia with 25%. Also, it has the smallest proportion of people with commute time between 20 to 24 minutes at 8% of the total. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 26% of the total and is ranked #1. Furthermore, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the greater region when sorted by people with commute time of 90 or more minutesutes at 1% of the total.

The average commute time is shown in Figure 37. Boston township depicts it has an average commute time of 27 which is the second most average commute time of all the places in the greater Boston township region. Figure 38 shows the difference between male versus female commuting time. Boston township shows average commute time in minutes for men 30.7% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Boston township has the smallest proportion of 1 vehicle available at 12% of the total. Second, it has the second smallest in order of no vehicle available of all the other places in the greater region as measured by 2 vehicles available at 39% of the total. Third, it has one of the largest proportions of 3 vehicles available at 26% of the total and is ranked #3. Only #2 Freeport (27%), and #1 Saranac (32%) are larger. Also, it has one of the largest proportions of 4 vehicles available at 12% of the total and is ranked #2. The only larger city being Ionia with 13%. 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.) Boston township depicts it has a people who both work and live in the same city of 13% which is less than most other places in the local area. The city with the highest people who both work and live in the same city in the area is Ionia which shows a people who both work and live in the same city of 38% (approximately 3.0 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Boston township is approximately a third the size. Also, versus the state of Michigan, people who both work and live in the same city of 30%, Boston township is approximately half the size.

Boston township 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. Boston township shows it has the hightest median earnings of $250,001 for the earnings-healthcare practitioners and tech occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Boston township shows it has the hightest median earnings of $59,615 for the management, business, and financial occupations classification. The table in Figure 48, shows Boston township employment data in terms of job categories and salary data.

Boston township 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. Boston township depicts it has the hightest entrepreneurs of 43% for the self employed in sales and office related businesses group.

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. Boston township depicts it has the hightest entrepreneurs of 41% for the self employed in educational services, health care and social assistance category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Boston township depicts it has an average annual self employment income of $14,601 which is the third most average annual self employment income of all other places in the greater Boston township region. The city with the highest average annual self employment income in the area is Clarksville which depicts an average annual self employment income of $24,411 (67.2% larger). Comparing average annual self employment income to the United States average of $37,819, Boston township is approximately a third the size. Also, benchmarked against the state of Michigan, average annual self employment income of $31,109, Boston township is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Boston township shows total number of self-employed men approximately 3.2 times bigger as the total number of self-employed women.