Lovells township Michigan Income Charts

This section shows the Lovells township Michigan economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Lovells township shows it has a median earnings per worker of $30,000 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 Maple Forest township which shows a median earnings of $51,023 (70.1% larger). Comparing median earnings per worker to the United States average of $47,712, Lovells township is approximately three-fourths the size. Also, measured against the state of Michigan, median earnings per worker of $47,411, Lovells township 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 $49,688 which is in the middle range of other places in the metro area. The city with the highest median household income in the area is Chester township-Otsego County which depicts a median income of $61,607 (24.0% larger). Comparing median household income to the United States average of $60,293, Lovells township is about 21.3% smaller. Also, versus the state of Michigan, median household income of $54,938, Lovells township is about 10.6% smaller.

The next section examines a variety of different income statistics for the Lovells township metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 29.2% of the total and is ranked #2. The only larger city being Greenwood township-Oscoda County with 32.9%. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 44.2% of the total and is ranked #1. Third, it has the smallest proportion of earnings of $100,000 more at 2.3% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 37.8 which is the smallest in order of average hours of all the other places in the local area. The city with the highest average hours in the area is Lewiston CDP which indicates an average hours of 45.1 (19.3% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $15.26 which is the smallest as measured by average hourly earnings of all the other places in the local area. The city with the highest average hourly earnings in the area is Maple Forest township which shows an average hourly earnings of $24.35 (59.5% larger). Comparing average hourly earnings to the United States average of $23.71, Lovells township is approximately three-fourths the size. Also, compared with the state of Michigan, average hourly earnings of $23.87, Lovells township is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Lovells township metro area based on the number of people who reported any self employment income. Lovells township shows it has a percentage of people self employed of 8.1% which is the second smallest in order of percentage of people self employed of all the other places in the metropolitan area. The city with the highest percentage of people self employed in the area is Albert township which shows a percentage self employed of 13.0% (60.6% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-25 to 44 years less than most other places in the local area at $56,667 of the total. Second, it has the second smallest in terms of median income for those under 25 years of age of all the other places in the local area in terms of median income-45 to 64 years at $41,979 of the total. Third, it has the largest proportion of median income-65 years and over at $51,750 of the total and is ranked #1.

Figure 9 breaks down the source of income and Lovells township has the percentage of income from wages the second smallest in terms of income from wages of all the other places in the local area at 36.0% of the total. Second, it has the smallest proportion of self employment income at 2.0% of the total. Third, it has the largest proportion of investment and retirement income at 34.0% of the total and is ranked #1. Also, it has the largest proportion of social security at 27.7% of the total and is ranked #1. In addition, it has the smallest proportion of public assistance and ssi at 0.4% 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 households with retirement income of 46.8% which is more than all other places in the surrounding region.

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 order of overall family income of all the other places in the local area at $49,000 of the total. Second, it has the second smallest in order of overall family income of all the other places in the metro area in order of white family income at $49,375 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. Lovells township depicts it has the hightest cost of 103.7 for the cost of transportation classification.

Lovells township 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 Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 16.8% to 5.9% in March 2020. This represents a decrease in the monthly unemployment rate of 64.9%. Since that time, the monthly unemployment rate has gone to 12.1% This represents an increase in the monthly unemployment rate of 105.1%. 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 indicates that from January 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 17,779 to 15,015 in March 2020. This represents a decrease in the monthly labor force participation of 15.5%. Since that time, the monthly labor force participation has gone to 15,649 This represents an increase in the monthly labor force participation of 4.2%.

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 Lovells township depicts it has an unemployment rate of 4.8% which is less than most other places in the local area. The city with the highest unemployment rate in the area is Lewiston CDP which shows a rate of 7.0% (45.8% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lovells township depicts it has a participation rate of 39.4% which is the second smallest when ranked by participation rate of all the other places in the metropolitan 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). Lovells township has one of the largest proportions of not in labor force at 60.6% of the total and is ranked #2. The only larger city being Greenwood township-Oscoda County with 63.2%.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lovells township depicts full time employees approximately 2.9 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 Lovells township area. Lovells township depicts it has a families with a single earner of 28.1% which is the third most of all other places in the greater region. The city with the highest families with a single earner in the area is Lewiston CDP which shows a single earners rate of 35.6% (26.5% larger). The percentage of families with no one working is depicted in Figure 22. Lovells township depicts it has a families with no one working of 45.9% which is the second most families with no one working of all the places in the greater Lovells township region. The city with the highest families with no one working in the area is Greenwood township-Oscoda County which shows a families with no worker of 47.0% ( only slightly larger).

Lovells township Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Lovells township 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. Lovells township indicates it has a total people earning less than the poverty level of 76 which is the smallest in order of 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 Grayling charter township which depicts a total people earning less than the poverty level of 722 ( markedly bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lovells township shows it has a percent of people earning less than the poverty level of 11.6% which is the second smallest when sorted by percent of people earning less than the poverty level of all the other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Greenwood township-Oscoda County which depicts a percent of people in poverty of 23.5% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Lovells township has the smallest proportion of person in poverty under 12 years at 7% of the total. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 29% of the total and is ranked #2. The only larger city being Grayling charter township with 29%. Third, it has one of the largest proportions of person in poverty 35 to 54 years at 30% of the total and is ranked #2. The only larger city being Chester township-Otsego County with 39%.

Figure 27 shows key poverty statistics for groups based on marriage status. Lovells township has the percentage of unmarried with children and in poverty the second smallest in terms of married with children and in poverty of all the other places in the surrounding region at 25% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Lovells township has the smallest proportion of less than highschool in poverty at 6% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Lovells township has the smallest proportion of people who are in poverty and employed at 7.9% of the total. Second, it has the largest proportion of people who are in poverty and unemployed at 14.5% of the total and is ranked #1. Third, it has the largest proportion of people who are in poverty and not in labor force at 28.9% 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.) Lovells township shows it has a households with public assistance of 6.9% which is the smallest when sorted by households with public assistance of all the other places in the metro area. The city with the highest households with public assistance in the area is Grayling charter township which indicates a households with public assistance of 16.8% (approximately 2.4 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lovells township shows it has a the gini index of 32.3% which is the smallest when ranked by the gini index of all the other places in the local area.

Lovells township 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 Lovells township 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.) Lovells township has the largest proportion of people who bicycle or walk to work at 6% of the total and is ranked #1. Second, it has the smallest proportion of people who work at home at 1% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Lovells township or elsewhere.) Lovells township has the largest proportion of people who bike at 1% of the total and is ranked #1. Second, it has the largest proportion of people who walked at 5% of the total and is ranked #1. Third, it has the smallest proportion of people who work at home at 1% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lovells township has the largest proportion of people who leave for work between 5am to 530am at 8% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 530 am to 6am at 1% of the total. Third, it has the largest proportion of people who leave for work between 9am to 10am at 15% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 11am to 12noon at 4% of the total and is ranked #1. In addition, 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. Lovells township has the percentage of people with commute time of less than 5 minutesutes in the middle range of other places in the local area at 7% of the total. Second, it has the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the local area when ranked by people with commute time between 5 to 9 minutes at 4% of the total. Third, it has the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the metro area in order of people with commute time between 15 to 19 minutes at 4% of the total. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 24% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 35 to 39 minutes at 6% of the total and is ranked #1. Furthermore, it has the smallest proportion of people with commute time between 40 to 44 minutes at 1% of the total. Next it has the largest proportion of people with commute time between 45 to 59 minutes at 10% of the total and is ranked #1. Additionally, it has one of the largest proportions of people with commute time of 90 or more minutesutes at 4% of the total and is ranked #2. The only larger city being Chester township-Otsego County with 4%.

The average commute time is shown in Figure 37. Lovells township shows it has an average commute time of 31 which is is the uppermost of the places in the greater Lovells township region. Figure 38 shows the difference between male versus female commuting time. Lovells township shows average commute time in minutes for men 39.6% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lovells township has one of the largest proportions of 1 vehicle available at 24% of the total and is ranked #2. The only larger city being Lewiston CDP with 24%. Second, it has the largest proportion of 2 vehicles available at 53% of the total and is ranked #1. Third, it has the smallest proportion of 4 vehicles available at 1% of the total.

Lovells township 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. Lovells township depicts it has the hightest median earnings of $37,500 for the earnings-production, transportation, material moving occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Lovells township depicts it has the hightest median earnings of $36,250 for the earnings-sales and office occupations aggregate. The table in Figure 48, shows Lovells township employment data in terms of job categories and salary data.

Lovells township 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. Lovells township shows it has the hightest entrepreneurs of 70% for the self employed in sales and office related businesses category.

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. Lovells township shows it has the hightest entrepreneurs of 70% for the self employed in finance, insurance, real estate, rental and leasing classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lovells township shows it has an average annual self employment income of $13,256 which is the smallest as measured by average annual self employment income of all the other places in the metro area. The city with the highest average annual self employment income in the area is Greenwood township-Oscoda County which shows an average annual self employment income of $195,272 ( considerably bigger). Comparing average annual self employment income to the United States average of $37,819, Lovells township is approximately a third the size. Also, measured against the state of Michigan, average annual self employment income of $31,109, Lovells township is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lovells township shows total number of self-employed men approximately three-fourths the size as the total number of self-employed women.