Boyne Falls Michigan Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2018 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. Boyne Falls shows it has $30,833 median earnings which is the 4th smallest median earnings of all the other places in the area. The city with the highest median earnings in the area is Hudson township, Charlevoix County, Michigan with an earnings of $42,500 measures 37.8% larger. Comparing median earnings to the United States average of $46,022, Boyne Falls is approximately three-fourths the size. Also, benchmarked against the state of Michigan, median earnings of $45,949, Boyne Falls is approximately three-fourths the size.

In Figure 2 we see a more complete view of income which includes all members in a household using the median household income and it has $42,500 median income which is the 4th smallest median income of all the other places in the area. The city with the highest median income in the area is Wilson township, Charlevoix County, Michigan with an income of $58,142 is 36.8% larger. Comparing median income to the United States average of $57,652, Boyne Falls is approximately three-fourths the size. Also, in contrast to the state of Michigan, median income of $52,668, Boyne Falls measures about 23.9% smaller.

The next section examines a variety of different income statistics. In Figure 3 we see that it has the largest proportion of median earnings between $15,000 and $19,999 at 14.2% 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 38.9 average hours which is the 2nd most of all the places in the area. The city with the highest average hours in the area is Boyne Valley township with an average hours of 39.6 is only slightly larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $15.24 average hourly earnings which is the 4th smallest average hourly earnings of all the other places in the area. The city with the highest average hourly earnings in the area is Hudson township, Charlevoix County, Michigan with an average hourly earnings of $21.85 is 43.4% larger. Comparing average hourly earnings to the United States average of $22.87, Boyne Falls measures approximately three-fourths the size. Also, in comparison with the state of Michigan, average hourly earnings of $23.25, Boyne Falls measures approximately three-fourths the size.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Boyne Falls illustrates it has 6.4% Self Employed which is the 4th smallest Self Employed of all the other places in the area. The city with the highest Self Employed in the area is Wilson township, Charlevoix County, Michigan with a Self Employed of 15.4% measures approximately 2.4 times bigger.

In terms of the source of where income comes from, in Figure 9 Boyne Falls has the largest proportion of income from wages at 72.6% 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 12.2% households with retirement income which is the 4th smallest households with retirement income of all the other places in the area. The city with the highest households with retirement income in the area is Hudson township, Charlevoix County, Michigan with a households with retirement income of 33.5% is approximately 2.7 times bigger.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Boyne Falls indicates it has hightest cost of 103.7 for cost of transportation.

Boyne Falls Michigan Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data from 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 measure for the United States. It shows that from January 2010 to January 2019 the Monthly Unemployment Rate went from 16.8% to 7.3%. This represents a decrease in the Monthly Unemployment Rate of 56.5%. 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. The participation level It illustrates that from March 2010 to March 2019 the Monthly Labor Force Participation went from 17,761 to 15,609. This represents a decrease in the Monthly Labor Force Participation of 12.1%.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Boyne Falls demonstrates it has 8.6% unemployment rate which is the highest of all placesin the area. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Boyne Falls shows it has 69.3% participation rate which is at the top of all other placesin the 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). Boyne Falls has the largest proportion of unemployed at 8.6% 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. Boyne Falls shows full time employees is approximately 3.7 times bigger than 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. Boyne Falls indicates it has 30.3% families with a single earner which is the largest of all placesin the area. The percentage of families with no one working is depicted in Figure 22. Boyne Falls reveals it has 12.1% families with no one working which is the 4th smallest families with no one working of all the other places in the area. The city with the highest families with no one working in the area is Hudson township, Charlevoix County, Michigan with a families with no worker of 30.8% is approximately 2.5 times bigger.

Boyne Falls Michigan Poverty Charts

The next section details information about poverty in the area. In Figure 23 the total number of people earning less than the poverty level are shown. Boyne Falls shows it has 68 total people earning less than the poverty level which is the 4th smallest total people earning less than the poverty level of all the other places in the area. The city with the highest total people earning less than the poverty level in the area is Boyne City, Charlevoix County, Michigan with a total people earning less than the poverty level of 466 is markedly bigger.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Boyne Falls illustrates it has 17.7% percent of people earning less than the poverty level which is the 2nd most of all the places in the area. The city with the highest percent of people earning less than the poverty level in the area is Hudson township, Charlevoix County, Michigan with a percent of people in poverty of 19.4% measures 9.6% larger.

In Figure 25 people who are in poverty are broken out by age group. Boyne Falls has the largest proportion of person in poverty 12 to 17 years at 16% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 55 to 64 years at 24% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Boyne Falls has the largest proportion of Black poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Boyne Falls has the largest proportion of Unmarried with children and in poverty at 56% of the total and is ranked #1. Second, it has the largest proportion of Unmarried Female with children and in poverty at 69% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Boyne Falls has the largest proportion of Has some college and in poverty at 11% 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.) We can see that Boyne Falls reveals it has 25.0% households with public assistance which is more than all other placesin the area.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Boyne Falls indicates it has 32.8% the Gini Index which is the 4th smallest the Gini Index of all the other places in the area.

Boyne Falls Michigan Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Boyne Falls has the largest proportion of people who leave for work between 12am to 5am at 18% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 6am to 630am at 9% 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. Boyne Falls has the largest proportion of people with commute time between 10 to 14 minutes at 29% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 60 to 89 minutes at 5% of the total and is ranked #1. Also, it has the largest proportion of people with commute time of 90 or more minutes at 3% of the total and is ranked #1.

The average commute time is shown in Figure 37. Boyne Falls shows it has 24 average commute time which is the 2nd most of all the places in the area. Figure 38 shows the difference between male versus female commuting time and Boyne Falls shows average commute time in minutes for men is approximately three-fourths the size than average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Boyne Falls has the largest proportion of No vehicle available at 3% 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.) Boyne Falls indicates it has 16% people who both work and live in the same city which is the 4th in people who both work and live in the same city out of 10 total in the area. The city with the highest people who both work and live in the same city in the area is Boyne City, Charlevoix County, Michigan with a people who both work and live in the same city of 41% measures approximately 2.5 times bigger. Comparing people who both work and live in the same city to the United States average of 42%, Boyne Falls is approximately a third the size. Also, in comparison with the state of Michigan, people who both work and live in the same city of 30%, Boyne Falls compares as approximately half the size.

Boyne Falls 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. Boyne Falls indicates it has hightest median earnings of $54,375 for Management, business, and financial occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and Boyne Falls indicates it has hightest median earnings of $51,000 for Earnings-Education, legal, community service, arts, media occupations.

Boyne Falls Michigan Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. Boyne Falls shows it has hightest entrepreneurs of 57% for self employed management, business, science, and arts businesses.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories. Boyne Falls reveals it has hightest entrepreneurs of 43% for self employed in finance, insurance, real estate, rental and leasing.

In Figure 51 the average annual self employment income is shown. Boyne Falls indicates it has $18,360 average annual self employment income which is the 5th in average annual self employment income out of 10 total in the area. The city with the highest average annual self employment income in the area is Melrose township with an average annual self employment income of $74,397 is approximately 4.1 times bigger. Comparing average annual self employment income to the United States average of $36,502, Boyne Falls is approximately half the size. Also, compared to the state of Michigan, average annual self employment income of $29,490, Boyne Falls compares as approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women. Boyne Falls illustrates total number of self-employed men is approximately a third the size than total number of self-employed women.