Mio CDP Michigan Income Charts

This section shows the Mio CDP Michigan economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Mio CDP depicts it has a median earnings per worker of $29,792 which is less than most other places in the local area. The place with the highest median earnings per worker in the area is Rose City which shows a median earnings of $41,719 (40.0% larger). Comparing median earnings per worker to the United States average of $47,712, Mio CDP is approximately three-fourths the size. Also, benchmarked against the state of Michigan, median earnings per worker of $47,411, 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 $33,259 which is in the center range of other places in the metro area. The place with the highest median household income in the area is Lupton CDP which shows a median income of $36,500 (9.7% larger). Comparing median household income to the United States average of $60,293, Mio CDP is approximately half the size. Also, in comparison with the state of Michigan, median household income of $54,938, 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 between $10,000 and $14,999 less than most other places in the local area at 6.3% of the total. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 43.5% 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 an average hours of 36.3 which is the smallest in order of average hours of all the other places in the metro area. The place with the highest average hours in the area is Lewiston CDP which shows an average hours of 45.1 (24.2% 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 $15.78 which is in the center range of other places in the surrounding region. The place with the highest average hourly earnings in the area is Rose City which depicts an average hourly earnings of $21.92 (38.9% larger). Comparing average hourly earnings to the United States average of $23.71, Mio CDP is approximately three-fourths the size. Also, in comparison with the state of Michigan, average hourly earnings of $23.87, 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 percentage of people self employed of 8.1% which is the second most of all the places in the area. The place with the highest percentage of people self employed in the area is Lewiston CDP which depicts a percentage self employed of 11.4% (40.9% 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 $40,250 of the total and is ranked #2. The only larger place being Atlanta CDP with $63,333. Second, it has in the mid range of other places in the greater region as measured by median income-45 to 64 years at $34,716 of the total. Third, it has the smallest proportion of median income-65 years and over at $22,308 of the total.

Figure 9 breaks down the source of income and Mio CDP has the largest proportion of self employment income at 4.9% 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 households with retirement income of 22.4% which is the second smallest when sorted by households with retirement income of all the other places in the metro area. The place with the highest households with retirement income in the area is Lupton CDP which shows a households with retirement income of 39.2% (75.0% larger).

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 in the center range of other places in the metro area at $41,844 of the total. Second, it has in the mid range of other places in the metro area in terms of white family income at $42,313 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. Mio CDP shows 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 shows that from February 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 16.8% to 5.4% in December 2019. This represents a decrease in the monthly unemployment rate of 67.9%. Since that time, the monthly unemployment rate has gone to 5.4% This represents an increase 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 depicts that from January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 17,779 to 15,392 in November 2019. This represents a decrease in the monthly labor force participation of 13.4%. Since that time, the monthly labor force participation has gone to 15,392 This represents an increase 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 Mio CDP depicts it has an unemployment rate of 7.4% 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 14.2% (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 depicts it has a participation rate of 52.7% which is the highest 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 largest proportion of employed at 45.3% of the total and is ranked #1. Second, it has the smallest proportion of not in labor force at 47.3% 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 2.3 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 Mio CDP area. Mio CDP depicts it has a families with a single earner of 45.0% which is the third most families with a single earner of all other places in the greater Mio CDP region. The place with the highest families with a single earner in the area is Atlanta CDP which shows a single earners rate of 50.0% (11.1% larger). The percentage of families with no one working is depicted in Figure 22. Mio CDP depicts it has a families with no one working of 24.3% which is the smallest when sorted 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 St Helen CDP which depicts a families with no worker of 44.6% (about twice as large).

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 people earning less than the poverty level of 421 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 814 (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 people earning less than the poverty level of 22.8% which is in the mid range of other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Roscommon which depicts a percent of people in poverty of 40.6% (77.7% larger).

In Figure 25 people who are in poverty are broken out by age group. Mio CDP has the smallest proportion of person in poverty 35 to 54 years at 20% of the total. Second, it has one of the largest proportions of person in poverty 65+ years at 18% of the total and is ranked #2. The only larger place being Lupton CDP with 20%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Mio CDP has the largest proportion of black poverty rate at 29% of the total and is ranked #1. Second, it has the largest proportion of hispanicp poverty rate at 49% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Mio CDP has the percentage of married with children and in poverty the second smallest in terms of married with children and in poverty of all the other places in the greater region at 6% of the total. Second, it has in the mid range of other places in the greater region when sorted by unmarried female with children and in poverty at 44% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Mio CDP has the percentage of less than highschool in poverty the second smallest in terms of less than highschool in poverty of all the other places in the area at 30% 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. Mio CDP has the percentage of people who are in poverty and unemployed less than most other places in the local area at 0.7% 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.) Mio CDP shows it has a households with public assistance of 33.7% which is the third most of all other places in the metropolitan area. The place with the highest households with public assistance in the area is Roscommon which depicts a households with public assistance of 45.2% (34.1% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Mio CDP shows it has a the gini index of 45.5% which is the second most of all the places in the metro area.

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 percentage of people who carpooled the second smallest in terms of people who drove alone of all the other places in the metro area at 6% of the total. Second, it 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 13% of the total and is ranked #2. The only larger place being Lupton CDP with 17%. Second, it has the largest proportion of people who leave for work between 5am to 530am at 11% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 2% of the total. Also, it has the largest proportion of people who leave for work between 9am to 10am at 13% of the total and is ranked #1. In addition, it has less than most other places in the metro area in terms of people who leave for work between 12noon to 4pm at 5% of the total. Furthermore, it has the second smallest when sorted by people who leave for work between 12am to 5am of all the other places in the area as measured by people who leave for work between 4pm to midnight at 2% of the total.

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 between 5 to 9 minutes at 26% of the total and is ranked #3. Only #2 Roscommon (26%), and #1 Atlanta CDP (29%) are larger. 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 greater region in terms of people with commute time between 10 to 14 minutes at 6% of the total. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 17% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 25 to 29 minutes at 2% of the total. In addition, it has the smallest proportion of people with commute time between 30 to 34 minutes at 3% of the total. Furthermore, it has the largest proportion of people with commute time between 35 to 39 minutes at 9% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 60 to 89 minutes at 9% of the total and is ranked #1.

The average commute time is shown in Figure 37. Mio CDP shows it has an average commute time of 23 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 shows average commute time in minutes for men about twice as large 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 percentage of 1 vehicle available less than most other places in the area at 23% of the total. Second, it has one of the largest proportions of 3 vehicles available at 23% of the total and is ranked #2. The only larger place being St Helen CDP with 27%. Third, it has one of the largest proportions of 4 vehicles available at 8% of the total and is ranked #3. Only #2 Lewiston CDP (19%), and #1 Lupton CDP (28%) are larger. 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 people who both work and live in the same city of 44% which is the third most people who both work and live in the same city of all other places in the greater Mio CDP region. The place with the highest people who both work and live in the same city in the area is Lewiston CDP which indicates a people who both work and live in the same city of 54% (24.0% larger). Comparing people who both work and live in the same city to the United States average of 42%, Mio CDP is only about 4.2% larger. Also, versus the state of Michigan, people who both work and live in the same city of 30%, Mio CDP is 46.1% 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 shows it has the hightest median earnings of $78,125 for the management, business, and financial occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Mio CDP shows it has the hightest median earnings of $43,214 for the management, business, and financial occupations category. 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 shows it has the hightest entrepreneurs of 64% for the self employed in sales and office related businesses classification.

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 depicts it has the hightest entrepreneurs of 64% for the self employed in information classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Mio CDP indicates it has an average annual self employment income of $25,977 which is at the top of all other places in the greater Mio CDP region. Comparing average annual self employment income to the United States average of $37,819, Mio CDP is approximately three-fourths the size. Also, compared to the state of Michigan, average annual self employment income of $31,109, Mio CDP is about 19.8% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Mio CDP shows total number of self-employed men 73.9% larger as the total number of self-employed women.