Kent City Michigan Income Charts

This section shows the Kent 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, Kent City depicts it has a Median earnings of $33,911 which is the smallest when ranked by median earnings per worker of all the other places in the local area. The city with the highest median earnings per worker in the area is Rockford which depicts a median earnings of $58,600 (72.8% larger). Comparing median earnings per worker to the United States average of $49,041, Kent City is approximately three-fourths the size. Also, compared to the state of Michigan, median earnings per worker of $48,618, Kent 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 $42,132 which is the second smallest in terms of median household income of all the other places in the greater region. The city with the highest median household income in the area is Rockford which depicts a median income of $64,920 (54.1% larger). Comparing median household income to the United States average of $62,843, Kent City is approximately three-fourths the size. Also, compared to the state of Michigan, median household income of $57,144, Kent City is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Kent City metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 11.7% of the total and is ranked #1. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 44.1% of the total and is ranked #1. Third, it has the smallest proportion of earnings between $50,000 and $74,999 at 2.6% of the total. Also, it has the smallest proportion of earnings between $75,000 and $99,999 at 0.3% 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 38.3 which is the third most of all other places in the area. The city with the highest average hours in the area is Grant which depicts an average hours of 42.4 (10.7% 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 $17.03 which is the smallest when ranked by average hourly earnings of all the other places in the surrounding region. The city with the highest average hourly earnings in the area is Rockford which shows an average hourly earnings of $30.71 (about twice as large). Comparing average hourly earnings to the United States average of $24.31, Kent City is approximately three-fourths the size. Also, compared with the state of Michigan, average hourly earnings of $24.48, Kent City is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Kent City metro area based on the number of people who reported any self employment income. Kent City depicts it has a Self Employed of 6.5% which is less than most other places in the local area. The city with the highest percentage of people self employed in the area is Sparta which shows a percentage self employed of 9.9% (52.6% larger).

Turning our attention to Figure 8, the median household income by age group, has the smallest proportion of median income-under 25 years at $40,833 of the total. Second, it has the second smallest when ranked by median income for those under 25 years of age of all the other places in the local area in terms of median income-25 to 44 years at $48,889 of the total. Third, it has the second smallest as measured by median income for those under 25 years of age of all the other places in the local area in order of median income-45 to 64 years at $25,208 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 10.1% which is the second smallest in terms of households with retirement income of all the other places in the metro area. The city with the highest households with retirement income in the area is Grant which depicts a households with retirement income of 33.2% (approximately 3.3 times bigger).

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 less than most other places in the local area at $52,500 of the total. Second, it has one of the largest proportions of hawaiian family income at $50,625 of the total and is ranked #2. The only larger city being Rockford with $57,411.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Kent City indicates it has the hightest cost of 103.7 for the cost of transportation classification.

Kent 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 January 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 9.0% to 2.2% in March 2020. This represents a decrease in the monthly unemployment rate of 75.6%. Since that time, the monthly unemployment rate has gone to 3.6% This represents an increase in the monthly unemployment rate of 63.6%. 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 Coronavirus Pandemic the monthly labor force participation went from 16,266 to 19,373 in March 2020. This represents an increase in the monthly labor force participation of 19.1%. Since that time, the monthly labor force participation has gone to 19,009 This represents a decrease in the monthly labor force participation of very little.

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 Kent City shows it has a Unemployment Rate of 6.3% which is the second most unemployment rate of all the places in the greater Kent City region. The city with the highest unemployment rate in the area is Cedar Springs which shows a rate of 8.5% (34.4% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Kent City depicts it has a Labor Force Participation of 71.1% which is more than all other places in the greater Kent City 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). Kent City has the smallest proportion of unemployed at 28.9% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Kent City shows full time employees approximately 3.3 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 Kent City area. Kent City depicts it has a Single Earner Families of 24.0% which is the second smallest when ranked by families with a single earner of all the other places in the greater region. The city with the highest families with a single earner in the area is Casnovia which shows a single earners rate of 37.1% (54.4% larger). The percentage of families with no one working is depicted in Figure 22. Kent City shows it has a Families with No One Working of 8.4% which is less than most other places in the metropolitan area. The city with the highest families with no one working in the area is Grant which shows a families with no worker of 43.0% ( substantially bigger).

Kent City Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Kent 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. Kent City shows it has a Total In Poverty of 215 which is less than most other places in the greater region. The city with the highest total people earning less than the poverty level in the area is Cedar Springs which shows a total people earning less than the poverty level of 765 (approximately 3.6 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Kent City shows it has a Percent of Population In Poverty of 20.2% which is the third most percent of people earning less than the poverty level of all other places in the greater Kent City region. The city with the highest percent of people earning less than the poverty level in the area is Grant which depicts a percent of people in poverty of 27.9% (38.5% larger).

In Figure 25 people who are in poverty are broken out by age group. Kent City has the percentage of person in poverty 18 to 34 years the second smallest when sorted by person in poverty under 12 years of all the other places in the metro area at 9% of the total. Second, it has the second smallest as measured by person in poverty under 12 years of all the other places in the local area when ranked by person in poverty 55 to 64 years at 4% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Kent City has one of the largest proportions of white poverty rate at 27% of the total and is ranked #2. The only larger city being Cedar Springs with 45%. Second, it has one of the largest proportions of hawaiian poverty rate at 22% of the total and is ranked #2. The only larger city being Grant with 50%.

Figure 27 shows key poverty statistics for groups based on marriage status. Kent City has the largest proportion of married with children and in poverty at 63% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 70% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Kent City has the smallest proportion of people who are in poverty and unemployed at 1.9% 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.) Kent City depicts it has a Public Assistance Percent of 29.9% which is the most of all places in the metro area.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Kent City depicts it has a Gini Index of 38.5% which is the second smallest in terms of the gini index of all the other places in the local area.

Kent 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 Kent 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.) Kent City has the smallest proportion of people who bicycle or walk to work at 2% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Kent City or elsewhere.) Kent City has the largest proportion of people who carpooled at 16% of the total and is ranked #1. Second, it has the smallest proportion of people who work from home at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Kent City has one of the largest proportions of people who leave for work between 12am to 5am at 8% of the total and is ranked #2. The only larger city being Grant with 14%. Second, it has the largest proportion of people who leave for work between 5am to 530am at 10% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 530 am to 6am at 18% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 630 am to 7am at 9% of the total. In addition, it has the smallest proportion of people who leave for work between 730 am to 8am at 5% of the total. Furthermore, it has the smallest proportion of people who leave for work between 8am to 830am at 2% of the total. Next it has the smallest proportion of people who leave for work between 9am to 10am at 0% of the total. Additionally, 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. Kent City has the percentage of people with commute time between 5 to 9 minutes in the mid point range of other places in the metropolitan area at 8% of the total. Second, it has the largest proportion of people with commute time between 20 to 24 minutes at 10% of the total and is ranked #1.

The average commute time is shown in Figure 37. Kent City shows it has a Avg Commute Time of 28 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Kent City shows average commute time in minutes for men 50.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Kent City has the percentage of 1 vehicle available the second smallest as measured by no vehicle available of all the other places in the area at 38% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Kent City depicts it has a Work in city or place where live of 9% which is the smallest when sorted by people who both work and live in the same city of all the other places in the metro area. The city with the highest people who both work and live in the same city in the area is Sparta which depicts a people who both work and live in the same city of 22% (approximately 2.3 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Kent City is approximately a fifth the size. Also, measured against the state of Michigan, people who both work and live in the same city of 30%, Kent City is approximately a third the size.

Kent 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. Kent City depicts it has the hightest median earnings of $56,250 for the management, business, and financial occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Kent City depicts it has the hightest median earnings of $51,875 for the earnings-education, legal, community service, arts, media occupations classification. The table in Figure 48, shows Kent City employment data in terms of job categories and salary data.

Kent 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. Kent City shows it has the hightest entrepreneurs of 44% for the self employed management, business, science, and arts businesses aggregate.

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. Kent City depicts it has the hightest entrepreneurs of 56% for the self employed in manufacturing grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Kent City shows it has a Self Employment Income of $26,861 which is the third most average annual self employment income of all other places in the greater Kent City region. The city with the highest average annual self employment income in the area is Grant which shows an average annual self employment income of $35,861 (33.5% larger). Comparing average annual self employment income to the United States average of $39,154, Kent City is approximately three-fourths the size. Also, measured against the state of Michigan, average annual self employment income of $32,754, Kent City is about 21.9% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Kent City shows total number of self-employed men 44.4% larger as the total number of self-employed women.