Horton Bay CDP Michigan Income Charts

This section shows the Horton Bay CDP Michigan economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Horton Bay CDP shows it has a Median earnings of $54,659 which is the second most median earnings of all the places in the greater Horton Bay CDP region. The place with the highest median earnings per worker in the area is Advance CDP which shows a median earnings of $78,125 (42.9% larger). Comparing median earnings per worker to the United States average of $50,459, Horton Bay CDP is 8.3% larger. Also, benchmarked against the state of Michigan, median earnings per worker of $50,100, Horton Bay CDP is 9.1% 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 $62,404 which is the third most of all other places in the local area. The place with the highest median household income in the area is Advance CDP which shows a median income of $97,500 (56.2% larger). Comparing median household income to the United States average of $64,994, Horton Bay CDP is only about 4.2% smaller. Also, in contrast to the state of Michigan, median household income of $59,234, Horton Bay CDP is only about 5.4% larger.

The next section examines a variety of different income statistics for the Horton Bay CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest in terms of median earnings of less than $10,000 of all the other places in the area at 2.5% of the total. Second, it has the second smallest in terms of median earnings of less than $10,000 of all the other places in the local area when ranked by earnings between $10,000 and $14,999 at 4.1% of the total. Third, it has one of the largest proportions of earnings between $15,000 and $19,999 at 37.7% of the total and is ranked #3. Only #2 Boyne City (40.1%), and #1 Walloon Lake CDP (45.9%) are larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.3 which is the third most average hours of all other places in the greater Horton Bay CDP region. The place with the highest average hours in the area is Advance CDP which shows an average hours of 39.1 ( 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 a Avg Hrly Earnings of $27.44 which is in the intermediate range of other places in the metro area. The place with the highest average hourly earnings in the area is Advance CDP which shows an average hourly earnings of $38.42 (40.0% larger). Comparing average hourly earnings to the United States average of $25.01, Horton Bay CDP is 9.7% larger. Also, in comparison with the state of Michigan, average hourly earnings of $25.16, Horton Bay CDP is 9.1% larger.

Figure 7 examines the number of self employed people in the Horton Bay CDP metro area based on the number of people who reported any self employment income. Horton Bay CDP depicts it has a Self Employed of 11.7% which is in the middle range of other places in the local area. The place with the highest percentage of people self employed in the area is Boyne City which shows a percentage self employed of 20.2% (73.4% 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 $66,250 of the total and is ranked #3. Only #2 Petoskey ($68,608), and #1 Advance CDP ($174,583) are larger. Second, it has one of the largest proportions of median income-45 to 64 years at $63,750 of the total and is ranked #3. Only #2 Walloon Lake CDP ($71,172), and #1 Advance CDP ($75,417) are larger.

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 37.2% which is the third most households with retirement income of all other places in the greater Horton Bay CDP region. The place with the highest households with retirement income in the area is Advance CDP which shows a households with retirement income of 42.7% (14.7% 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 $81,250 of the total and is ranked #2. The only larger place being Advance CDP with $106,250.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Horton Bay CDP depicts it has the hightest cost of 118.6 for the cost of utilities group.

Horton Bay 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 shows that from January 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 16.8% to 6.7% in March 2020. This represents a decrease in the monthly unemployment rate of 60.1%. Since that time, the monthly unemployment rate has gone to 6.5% This represents a decrease in the monthly unemployment rate of 3.0%. 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 shows that from January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 17,779 to 15,400 in March 2020. This represents a decrease in the monthly labor force participation of 13.4%. Since that time, the monthly labor force participation has gone to 14,649 This represents a decrease in the monthly labor force participation of 4.9%.

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 Horton Bay CDP shows it has a Unemployment Rate of 1.0% which is in the center range of other places in the surrounding region. The place with the highest unemployment rate in the area is Boyne City which shows a rate of 5.0% (approximately 5.0 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Horton Bay CDP depicts it has a Labor Force Participation of 58.4% which is the third most participation rates of all other places in the greater Horton Bay CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Horton Bay CDP indicates full time employees approximately 2.6 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 Horton Bay CDP area. Horton Bay CDP depicts it has a Single Earner Families of 15.6% which is the second smallest in order 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 Advance CDP which depicts a single earners rate of 44.1% (approximately 2.8 times bigger). The percentage of families with no one working is depicted in Figure 22. Horton Bay CDP depicts it has a Families with No One Working of 28.1% which is in the center range of other places in the greater region. The place with the highest families with no one working in the area is Walloon Lake CDP which shows a families with no worker of 40.8% (45.0% larger).

Horton Bay CDP Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Horton Bay 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. Horton Bay CDP depicts it has a Total In Poverty of 45 which is in the mid range of other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is Petoskey which shows a total people earning less than the poverty level of 438 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Horton Bay CDP shows it has a Percent of Population In Poverty of 10.2% which is the third most percent of people earning less than the poverty level of all other places in the greater Horton Bay CDP region. The place with the highest percent of people earning less than the poverty level in the area is Ironton CDP which depicts a percent of people in poverty of 16.7% (63.3% larger).

In Figure 25 people who are in poverty are broken out by age group. Horton Bay CDP has one of the largest proportions of person in poverty under 12 years at 11% of the total and is ranked #2. The only larger place being Ironton CDP with 21%. Second, it has one of the largest proportions of person in poverty 12 to 17 years at 44% of the total and is ranked #3. Only #2 Advance CDP (54%), and #1 Ironton CDP (58%) are larger. Third, it has the largest proportion of person in poverty 18 to 34 years at 44% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Horton Bay CDP has the largest proportion of asian poverty rate at 100% of the total and is ranked #1. Second, it has the largest proportion of hawaiian poverty rate at 50% 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. Horton Bay CDP has the largest proportion of has some college and in poverty at 7% 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.) Horton Bay CDP shows it has a Public Assistance Percent of 7.2% which is in the mid range of other places in the metro area. The place with the highest households with public assistance in the area is Bay Shore CDP which shows a households with public assistance of 16.0% (approximately 2.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Horton Bay CDP depicts it has a Gini Index of 40.6% which is less than most other places in the local area.

Horton Bay CDP Michigan Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Horton Bay CDP or elsewhere.) Horton Bay CDP has the largest proportion of people who drove alone at 88% of the total and is ranked #1. Second, it has less than most other places in the metropolitan area in terms of people who carpooled at 4% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Horton Bay CDP has one of the largest proportions of people who leave for work between 530 am to 6am at 21% of the total and is ranked #2. The only larger place being Bay Shore CDP with 30%. Second, it has the smallest proportion of people who leave for work between 8am to 830am at 1% of the total. Third, it has the largest proportion of people who leave for work between 830 am to 9am at 9% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 11am to 12noon at 4% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Horton Bay CDP has the percentage of people with commute time of less than 5 minutesutes the second smallest in terms of people with commute time of less than 5 minutes of all the other places in the area at 1% of the total. Second, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the metro area in terms of people with commute time between 5 to 9 minutes at 20% of the total. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 24% of the total and is ranked #3. Only #2 Advance CDP (31%), and #1 Walloon Lake CDP (40%) are larger. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 36% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 25 to 29 minutes at 1% of the total. Furthermore, it has the largest proportion of people with commute time between 35 to 39 minutes at 6% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 45 to 59 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Horton Bay CDP shows it has a Avg Commute Time of 25 which is at the top of all other places in the greater Horton Bay CDP region. Figure 38 shows the difference between male versus female commuting time. Horton Bay CDP shows average commute time in minutes for men approximately three-fourths the size as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Horton Bay CDP has the percentage of no vehicle available less than most other places in the area at 17% of the total. Second, it has the second smallest in terms of no vehicle available of all the other places in the metropolitan area when ranked by 1 vehicle available at 43% of the total. Third, it has the largest proportion of 3 vehicles available at 10% 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.) Horton Bay CDP depicts it has a Work in city or place where live of 7% which is less than most other places in the local area. The place with the highest people who both work and live in the same city in the area is Petoskey which shows a people who both work and live in the same city of 63% ( markedly bigger). Comparing people who both work and live in the same city to the United States average of 43%, Horton Bay CDP is approximately a sixth the size. Also, in contrast to the state of Michigan, people who both work and live in the same city of 31%, Horton Bay CDP is approximately a quarter the size.

Horton Bay 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. Horton Bay CDP depicts it has the hightest median earnings of $125,833 for the management, business, and financial occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Horton Bay CDP depicts it has the hightest median earnings of $109,375 for the earnings-healthcare practitioners and tech occupations category. The table in Figure 48, shows Horton Bay CDP employment data in terms of job categories and salary data.

Horton Bay 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. Horton Bay CDP depicts it has the hightest entrepreneurs of 50% for the self employed management, business, science, and arts 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. Horton Bay CDP depicts it has the hightest entrepreneurs of 30% for the self employed in retail trade classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Horton Bay CDP depicts it has a Self Employment Income of $25,777 which is in the intermediate range of other places in the greater region. The place with the highest average annual self employment income in the area is Petoskey which shows an average annual self employment income of $53,038 (about twice as large). Comparing average annual self employment income to the United States average of $40,101, Horton Bay CDP is approximately three-fourths the size. Also, compared to the state of Michigan, average annual self employment income of $33,217, Horton Bay CDP is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Horton Bay CDP shows total number of self-employed men approximately 4.8 times bigger as the total number of self-employed women.