Cement City Michigan Income Charts

This section shows the Cement City Michigan economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Cement City depicts it has a Median earnings of $38,036 which is the second smallest in terms of median earnings per worker of all the other places in the greater region. The city with the highest median earnings per worker in the area is Manitou Beach-Devils Lake CDP which depicts a median earnings of $53,165 (39.8% larger). Comparing median earnings per worker to the United States average of $49,041, Cement City is approximately three-fourths the size. Also, measured against the state of Michigan, median earnings per worker of $48,618, Cement City is approximately three-fourths the size.

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 $41,023 which is less than most other places in the local area. The city with the highest median household income in the area is Manitou Beach-Devils Lake CDP which shows a median income of $70,119 (70.9% larger). Comparing median household income to the United States average of $62,843, Cement City is approximately three-fourths the size. Also, compared with the state of Michigan, median household income of $57,144, Cement City is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Cement City 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 7.4% of the total. Second, it has one of the largest proportions of earnings between $15,000 and $19,999 at 38.8% of the total and is ranked #2. The only larger city being Addison with 49.7%. Third, it has the smallest proportion of earnings between $50,000 and $74,999 at 0.8% of the total. Also, it has the smallest proportion of earnings between $75,000 and $99,999 at 0.8% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.6 which is less than most other places in the local area. The city with the highest average hours in the area is Manitou Beach-Devils Lake CDP which depicts an average hours of 42.4 (9.8% 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 $18.95 which is the second smallest as measured by average hourly earnings of all the other places in the metropolitan area. The city with the highest average hourly earnings in the area is Vineyard Lake CDP which depicts an average hourly earnings of $24.87 (31.3% larger). Comparing average hourly earnings to the United States average of $24.31, Cement City is approximately three-fourths the size. Also, measured against the state of Michigan, average hourly earnings of $24.48, Cement City is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Cement City metro area based on the number of people who reported any self employment income. Cement City shows it has a Self Employed of 5.8% which is the smallest as measured by percentage of people self employed of all the other places in the metro area. The city with the highest percentage of people self employed in the area is Addison which depicts a percentage self employed of 12.5% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the local area at $46,750 of the total. Second, it has less than most other places in the metro area when sorted by median income-25 to 44 years at $47,500 of the total. Third, it has less than most other places in the local area in order of median income-45 to 64 years at $25,750 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 22.0% which is less than most other places in the greater region. The city with the highest households with retirement income in the area is Manitou Beach-Devils Lake CDP which depicts a households with retirement income of 35.9% (63.3% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income the second smallest in terms of overall family income of all the other places in the metro area at $41,458 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Cement City shows it has the hightest cost of 101.8 for the cost of utilities category.

Cement City 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 February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 21.5% to 5.7% in February 2020. This represents a decrease in the monthly unemployment rate of 73.5%. Since that time, the monthly unemployment rate has gone to 7.6% This represents an increase in the monthly unemployment rate of 33.3%. 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 disasterous COVID-19 Pandemic the monthly labor force participation went from 15,435 to 13,984 in February 2020. This represents a decrease in the monthly labor force participation of 9.4%. Since that time, the monthly labor force participation has gone to 13,687 This represents a decrease in the monthly labor force participation of 2.1%.

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 Cement City shows it has a Unemployment Rate of 5.3% which is the third most unemployment rate of all other places in the greater Cement City region. The city with the highest unemployment rate in the area is Napoleon CDP which depicts a rate of 12.8% (approximately 2.4 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Cement City shows it has a Labor Force Participation of 56.2% which is less than most other places in the greater region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Cement City depicts full time employees approximately 4.5 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 Cement City area. Cement City shows it has a Single Earner Families of 27.4% which is in the center range of other places in the local area. The city with the highest families with a single earner in the area is Vineyard Lake CDP which depicts a single earners rate of 43.4% (58.5% larger). The percentage of families with no one working is depicted in Figure 22. Cement City depicts it has a Families with No One Working of 23.8% which is in the mid range of other places in the greater region. The city with the highest families with no one working in the area is Manitou Beach-Devils Lake CDP which depicts a families with no worker of 37.5% (57.5% larger).

Cement City Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Cement City 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. Cement City depicts it has a Total In Poverty of 87 which is the smallest when ranked by total people earning less than the poverty level of all the other places in the greater region. The city with the highest total people earning less than the poverty level in the area is Napoleon CDP which depicts a total people earning less than the poverty level of 257 (approximately 3.0 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Cement City depicts it has a Percent of Population In Poverty of 18.0% which is in the mid point range of other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Napoleon CDP which depicts a percent of people in poverty of 26.4% (46.0% larger).

In Figure 25 people who are in poverty are broken out by age group. Cement City has the largest proportion of person in poverty 12 to 17 years at 32% of the total and is ranked #1. Second, it has the second smallest when ranked by person in poverty under 12 years of all the other places in the local area in order of person in poverty 35 to 54 years at 7% of the total.

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

Figure 27 shows key poverty statistics for groups based on marriage status. Cement City has the percentage of unmarried with children and in poverty less than most other places in the surrounding region at 23% of the total. Second, it has one of the largest proportions of unmarried female with children and in poverty at 60% of the total and is ranked #2. The only larger city being Brooklyn with 100%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Cement City has the largest proportion of people who are in poverty and unemployed at 31.0% 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.) Cement City shows it has a Public Assistance Percent of 20.4% which is more than all other places in the greater Cement City region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Cement City shows it has a Gini Index of 40.2% which is the second smallest in terms of the gini index of all the other places in the greater region.

Cement City 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 Cement City 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.) Cement City has the smallest proportion of people who bicycle or walk to work at 1% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Cement City or elsewhere.) Cement City has the smallest proportion of people who drove alone at 79% of the total. Second, it has the largest proportion of people who carpooled at 18% of the total and is ranked #1. Third, it has the largest proportion of people who took a taxicab, motorcycle or other at 2% of the total and is ranked #1. Also, it has the smallest proportion of people who work from home at 1% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Cement City has the percentage of people who leave for work between 12am to 5am less than most other places in the local area at 7% of the total. Second, it has the largest proportion of people who leave for work between 7am to 730am at 15% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 12noon to 4pm at 13% 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. Cement City has the smallest proportion of people with commute time of less than 5 minutesutes at 2% of the total. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 26% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 17% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 10% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 45 to 59 minutes at 2% of the total.

The average commute time is shown in Figure 37. Cement City depicts it has a Avg Commute Time of 23 which is the second smallest when ranked by average commute time of all the other places in the surrounding region. Figure 38 shows the difference between male versus female commuting time. Cement City depicts average commute time in minutes for men 14.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Cement City has the smallest proportion of no vehicle available at 8% of the total. Second, it has one of the largest proportions of 1 vehicle available at 53% of the total and is ranked #3. Only #2 Brooklyn (54%), and #1 Vineyard Lake CDP (74%) are larger. Third, it has one of the largest proportions of 2 vehicles available at 32% of the total and is ranked #2. The only larger city being Napoleon CDP with 33%. Also, it has the second smallest in order of no vehicle available of all the other places in the local area as measured by 3 vehicles available at 3% of the total. In addition, it has one of the largest proportions of 4 vehicles available at 2% of the total and is ranked #2. The only larger city being Onsted with 3%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Cement City depicts it has a Work in city or place where live of 1% which is the smallest in order of people who both work and live in the same city of all the other places in the greater region. The city with the highest people who both work and live in the same city in the area is Onsted which depicts a people who both work and live in the same city of 19% ( substantially bigger). Comparing people who both work and live in the same city to the United States average of 42%, Cement City is only about 3.6% the size. Also, measured against the state of Michigan, people who both work and live in the same city of 30%, Cement City is only about 5.0% the size.

Cement City 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. Cement City shows it has the hightest median earnings of $51,250 for the earnings-production, transportation, material moving occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Cement City shows it has the hightest median earnings of $64,375 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Cement City employment data in terms of job categories and salary data.

Cement City 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. Cement City shows it has the hightest entrepreneurs of 100% for the self employed in natural resources, construction, and maintenance 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. Cement City shows it has the hightest entrepreneurs of 100% for the self employed in construction grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Cement City depicts it has a Self Employment Income of $14,418 which is less than most other places in the local area. The city with the highest average annual self employment income in the area is Manitou Beach-Devils Lake CDP which shows an average annual self employment income of $65,392 (approximately 4.5 times bigger). Comparing average annual self employment income to the United States average of $39,154, Cement City is approximately a third the size. Also, compared to the state of Michigan, average annual self employment income of $32,754, Cement City is approximately half the size.