Mio CDP Michigan Income Charts

This section shows the Mio 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, Mio CDP depicts it has a Median earnings of $30,938 which is in the middle range of other places in the metro area. The place with the highest median earnings per worker in the area is Rose City which shows a median earnings of $47,833 (54.6% larger). Comparing median earnings per worker to the United States average of $49,041, Mio CDP is approximately three-fourths the size. Also, benchmarked against the state of Michigan, median earnings per worker of $48,618, Mio CDP 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 $38,569 which is the second most of all the places in the local area. The place with the highest median household income in the area is Lupton CDP which shows a median income of $38,889 ( about the same size). Comparing median household income to the United States average of $62,843, Mio CDP is approximately three-fourths the size. Also, in comparison with the state of Michigan, median household income of $57,144, Mio CDP is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Mio CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the local area at 4.5% of the total. Second, it has less than most other places in the local area in order of earnings between $10,000 and $14,999 at 6.9% of the total. Third, it has the largest proportion of earnings between $15,000 and $19,999 at 45.7% of the total and is ranked #1. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 5.7% of the total and is ranked #1.

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 Mio CDP region. The place with the highest average hours in the area is Lewiston CDP which depicts an average hours of 44.3 (15.7% 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 $15.53 which is in the middle range of other places in the local area. The place with the highest average hourly earnings in the area is Rose City which depicts an average hourly earnings of $26.90 (73.1% larger). Comparing average hourly earnings to the United States average of $24.31, Mio CDP is approximately three-fourths the size. Also, benchmarked against the state of Michigan, average hourly earnings of $24.48, Mio CDP is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Mio CDP metro area based on the number of people who reported any self employment income. Mio CDP indicates it has a Self Employed of 5.8% which is less than most other places in the metro area. The place with the highest percentage of people self employed in the area is Lewiston CDP which shows a percentage self employed of 16.1% (approximately 2.8 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $44,722 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $38,667 of the total and is ranked #2. The only larger place being Lupton CDP with $40,833. Third, it has the smallest proportion of median income-45 to 64 years at $27,222 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 25.5% which is less than most other places in the metro area. The place with the highest households with retirement income in the area is Lewiston CDP which depicts a households with retirement income of 41.2% (61.4% 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 $43,750 of the total and is ranked #3. Only #2 Lewiston CDP ($47,404), and #1 Atlanta CDP ($51,806) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Mio CDP depicts it has the hightest cost of 103.7 for the cost of transportation group.

Mio 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 Coronavirus 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 5.9% This represents a decrease in the monthly unemployment rate of very little. 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 February 2010 to before the disasterous Coronavirus 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 14,667 This represents a decrease in the monthly labor force participation of 5.2%.

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 Mio CDP depicts it has a Unemployment Rate of 5.9% which is the third most unemployment rate of all other places in the greater Mio CDP region. The place with the highest unemployment rate in the area is Rose City which depicts a rate of 11.2% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Mio CDP shows it has a Labor Force Participation of 55.8% which is the most of all places in the greater Mio CDP 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). Mio CDP has the smallest proportion of unemployed at 44.2% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Mio CDP depicts full time employees approximately 3.4 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 Mio CDP area. Mio CDP shows it has a Single Earner Families of 44.4% which is the second most of all the places in the surrounding region. The place with the highest families with a single earner in the area is Lupton CDP which depicts a single earners rate of 53.1% (19.5% larger). The percentage of families with no one working is depicted in Figure 22. Mio CDP shows it has a Families with No One Working of 16.7% which is the smallest when ranked by families with no one working of all the other places in the greater region. The place with the highest families with no one working in the area is Lewiston CDP which shows a families with no worker of 43.5% (approximately 2.6 times bigger).

Mio CDP Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Mio 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. Mio CDP depicts it has a Total In Poverty of 377 which is the second most total people earning less than the poverty level of all the places in the greater Mio CDP region. The place with the highest total people earning less than the poverty level in the area is St Helen CDP which depicts a total people earning less than the poverty level of 752 (about twice as large).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Mio CDP shows it has a Percent of Population In Poverty of 21.8% which is less than most other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Rose City which shows a percent of people in poverty of 40.9% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Mio CDP has the largest proportion of person in poverty 12 to 17 years at 33% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 18 to 34 years at 17% of the total. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 17% of the total and is ranked #3. Only #2 Lupton CDP (18%), and #1 St Helen CDP (18%) are larger.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Mio CDP has the largest proportion of white poverty rate at 38% of the total and is ranked #1. Second, it has one of the largest proportions of black poverty rate at 94% of the total and is ranked #3. Only #2 Roscommon (100%), and #1 Lupton CDP (100%) are larger. Third, it has the largest proportion of hawaiian poverty rate at 73% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Mio CDP has one of the largest proportions of unmarried female with children and in poverty at 33% of the total and is ranked #2. The only larger place being Lewiston CDP with 59%. 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.) Mio CDP depicts it has a Public Assistance Percent of 30.3% which is the third most households with public assistance of all other places in the greater Mio CDP region. The place with the highest households with public assistance in the area is Rose City which shows a households with public assistance of 44.6% (47.1% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Mio CDP depicts it has a Gini Index of 47.9% which is the second most the gini index of all the places in the greater Mio CDP region.

Mio CDP Michigan Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Mio CDP or elsewhere.) Mio CDP has the largest proportion of people who bike at 2% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Mio CDP 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 place being Lupton CDP with 9%. Second, it has one of the largest proportions of people who leave for work between 5am to 530am at 14% of the total and is ranked #2. The only larger place being Rose City with 15%.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Mio CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 21% of the total and is ranked #3. Only #2 Rose City (26%), and #1 Atlanta CDP (32%) are larger. Second, it has less than most other places in the local area as measured by people with commute time between 5 to 9 minutes at 6% of the total. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 19% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 20 to 24 minutes at 1% of the total.

The average commute time is shown in Figure 37. Mio CDP depicts it has a Avg Commute Time of 21 which is the third most average commute time of all other places in the greater Mio CDP region. Figure 38 shows the difference between male versus female commuting time. Mio CDP depicts average commute time in minutes for men 54.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Mio CDP has the smallest proportion of no vehicle available at 17% of the total. Second, it has the largest proportion of 2 vehicles available at 26% of the total and is ranked #1. Third, it has in the mid point range of other places in the metro area when ranked by 4 vehicles available at 2% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Mio CDP depicts it has a Work in city or place where live of 47% which is the third most of all 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 Lewiston CDP which depicts a people who both work and live in the same city of 55% (18.7% larger). Comparing people who both work and live in the same city to the United States average of 42%, Mio CDP is 11.7% larger. Also, benchmarked against the state of Michigan, people who both work and live in the same city of 30%, Mio CDP is 56.4% larger.

Mio 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. Mio CDP indicates it has the hightest median earnings of $80,833 for the management, business, and financial occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Mio CDP depicts it has the hightest median earnings of $73,125 for the earnings-education, legal, community service, arts, media occupations grouping. The table in Figure 48, shows Mio CDP employment data in terms of job categories and salary data.

Mio 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. Mio CDP depicts it has the hightest entrepreneurs of 100% for the self employed in sales and office related businesses grouping.

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. Mio CDP shows it has the hightest entrepreneurs of 100% for the self employed in retail trade aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Mio CDP depicts it has a Self Employment Income of $31,896 which is more than all other places in the greater Mio CDP region. Comparing average annual self employment income to the United States average of $39,154, Mio CDP is about 22.8% smaller. Also, in comparison with the state of Michigan, average annual self employment income of $32,754, Mio CDP is only about 2.7% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Mio CDP depicts total number of self-employed men substantially bigger as the total number of self-employed women.