Cross Village CDP Michigan Income Charts

This section shows the Cross Village CDP Michigan economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Cross Village CDP depicts it has a Median earnings of $50,000 which is the most of all places in the surrounding region. Comparing median earnings per worker to the United States average of $49,041, Cross Village CDP is only slightly larger. Also, versus the state of Michigan, median earnings per worker of $48,618, Cross Village CDP is only about 2.8% larger.

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 $43,438 which is the third most median income of all other places in the greater Cross Village CDP region. The place with the highest median household income in the area is Brutus CDP which depicts a median income of $58,542 (34.8% larger). Comparing median household income to the United States average of $62,843, Cross Village CDP is approximately three-fourths the size. Also, in contrast to the state of Michigan, median household income of $57,144, Cross Village CDP is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Cross Village CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the greater region at 5.0% of the total. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 30.0% of the total. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 40.0% of the total and is ranked #1. Also, it has the largest proportion of earnings between $50,000 and $74,999 at 10.0% of the total and is ranked #1.

Figure 7 examines the number of self employed people in the Cross Village CDP metro area based on the number of people who reported any self employment income. Cross Village CDP depicts it has a Self Employed of 29.0% which is the largest of all places in the local area.

Figure 9 breaks down the source of income and Cross Village CDP has the largest proportion of income from wages at 28.1% of the total and is ranked #1. Second, it has the largest proportion of investment and retirement income at 34.1% 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 a With Retirement Income of 41.9% which is more than all other places in the greater Cross Village CDP region.

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 $72,500 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. Cross Village CDP shows it has the hightest cost of 118.6 for the cost of utilities aggregate.

Cross Village 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 depicts that from February 2010 to before the Wuhan virus Pandemic the monthly unemployment rate went from 16.8% to 6.0% in February 2020. This represents a decrease in the monthly unemployment rate of 64.3%. Since that time, the monthly unemployment rate has gone to 7.4% This represents an increase in the monthly unemployment rate of 23.3%. 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 17,816 to 15,469 in February 2020. This represents a decrease in the monthly labor force participation of 13.2%. Since that time, the monthly labor force participation has gone to 14,167 This represents a decrease in the monthly labor force participation of 8.4%.

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 Cross Village CDP depicts it has a Unemployment Rate of 1.6% which is in the mid point range of other places in the area. The place with the highest unemployment rate in the area is Pellston which depicts a rate of 6.3% (approximately 3.9 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Cross Village CDP depicts it has a Labor Force Participation of 25.8% which is the smallest in terms of participation rate of all the other places in the greater 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). Cross Village CDP has the largest proportion of unemployed at 74.2% 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. Cross Village CDP shows full time employees about twice as large 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 Cross Village CDP area. Cross Village CDP depicts it has a Single Earner Families of 42.1% which is the third most families with a single earner of all other places in the greater Cross Village CDP region. The place with the highest families with a single earner in the area is Levering CDP which depicts a single earners rate of 67.9% (61.2% larger). The percentage of families with no one working is depicted in Figure 22. Cross Village CDP indicates it has a Families with No One Working of 42.1% which is more than all other places in the greater Cross Village CDP region.

Cross Village CDP Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Cross Village 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. Cross Village CDP depicts it has a Total In Poverty of 4 which is less than most other places in the local area. The place with the highest total people earning less than the poverty level in the area is Oden CDP which depicts a total people earning less than the poverty level of 156 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Cross Village CDP depicts it has a Percent of Population In Poverty of 6.5% which is less than most other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is Oden CDP which shows a percent of people in poverty of 36.8% ( substantially bigger).

In Figure 25 people who are in poverty are broken out by age group. Cross Village CDP has one of the largest proportions of person in poverty 35 to 54 years at 25% of the total and is ranked #2. The only larger place being Harbor Springs with 41%. Second, it has one of the largest proportions of person in poverty 55 to 64 years at 75% of the total and is ranked #2. The only larger place being Brutus CDP with 100%. 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.) Cross Village CDP depicts it has a Public Assistance Percent of 3.2% which is the second smallest when sorted by households with public assistance of all the other places in the greater region. The place with the highest households with public assistance in the area is Pellston which shows a households with public assistance of 28.6% ( very much bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Cross Village CDP shows it has a Gini Index of 40.9% which is the third most of all other places in the metro area.

Cross Village CDP Michigan Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Cross Village CDP or elsewhere.) Cross Village CDP has the largest proportion of people who drove alone at 100% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Cross Village CDP has the largest proportion of people who leave for work between 7am to 730am at 36% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 27% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 10am to 11am at 18% 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. Cross Village CDP has the largest proportion of people with commute time between 15 to 19 minutes at 45% of the total and is ranked #1. Second, it has one of the largest proportions of people with commute time between 20 to 24 minutes at 18% of the total and is ranked #2. The only larger place being Brutus CDP with 22%. Third, it has the largest proportion of people with commute time between 30 to 34 minutes at 18% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 40 to 44 minutes at 9% of the total and is ranked #1. Figure 40 shows the total number of vehicles available for transportation and Cross Village CDP has the largest proportion of 2 vehicles available at 91% of the total and is ranked #1. Second, it has one of the largest proportions of 3 vehicles available at 9% of the total and is ranked #2. The only larger place being Pellston with 12%.

Cross Village CDP Michigan Jobs Charts

The table in Figure 48, shows Cross Village CDP employment data in terms of job categories and salary data.

Cross Village CDP Michigan Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. Cross Village CDP shows it has a Self Employment Income of $54,089 which is ranked #1 of all places in the greater Cross Village CDP region. Comparing average annual self employment income to the United States average of $39,154, Cross Village CDP is 38.1% larger. Also, measured against the state of Michigan, average annual self employment income of $32,754, Cross Village CDP is 65.1% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Cross Village CDP depicts total number of self-employed men about twice as large as the total number of self-employed women.