Montcalm County Income Charts

This section shows the Montcalm County Michigan economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Montcalm County shows it has a Median earnings of $41,423 which is in the mid range of other counties in the local area. The county with the highest median earnings per worker in the area is Kent County which shows a median earnings of $46,649 (12.6% larger). Comparing median earnings per worker to the United States average of $49,041, Montcalm County is about 18.4% smaller. Also, measured against the state of Michigan, median earnings per worker of $48,618, Montcalm County is about 17.4% smaller.

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 $49,448 which is in the mid range of other counties in the surrounding region. The county with the highest median household income in the area is Kent County which depicts a median income of $63,053 (27.5% larger). Comparing median household income to the United States average of $62,843, Montcalm County is approximately three-fourths the size. Also, benchmarked against the state of Michigan, median household income of $57,144, Montcalm County is about 15.6% smaller.

The next section examines a variety of different income statistics for the Montcalm County metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $10,000 and $14,999 at 8.1% 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 38.6 which is the third most of all other counties in the area. The county with the highest average hours in the area is Newaygo County which shows an average hours of 38.8 ( about the same size). 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 $20.64 which is the second smallest when sorted by average hourly earnings of all the other counties in the metro area. The county with the highest average hourly earnings in the area is Kent County which shows an average hourly earnings of $23.48 (13.8% larger). Comparing average hourly earnings to the United States average of $24.31, Montcalm County is about 17.8% smaller. Also, measured against the state of Michigan, average hourly earnings of $24.48, Montcalm County is about 18.6% smaller.

Figure 7 examines the number of self employed people in the Montcalm County metro area based on the number of people who reported any self employment income. Montcalm County depicts it has a Self Employed of 9.4% which is the second smallest when sorted by percentage of people self employed of all the other counties in the local area. The county with the highest percentage of people self employed in the area is Kent County which shows a percentage self employed of 10.9% (16.0% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the center range of other counties in the local area at $54,673 of the total. Second, it has less than most other counties in the metropolitan area as measured by median income-25 to 44 years at $58,161 of the total. Third, it has the smallest proportion of median income-45 to 64 years at $34,981 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 24.1% which is the third most of all other counties in the local area. The county with the highest households with retirement income in the area is Mecosta County which depicts a households with retirement income of 26.5% (9.8% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $57,013 of the total. Second, it has less than most other counties in the local area when sorted by black family income at $53,424 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. Montcalm County shows it has the hightest cost of 103.7 for the cost of transportation group.

Montcalm County 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 indicates that from February 2010 to before the Wuhan virus Pandemic the monthly unemployment rate went from 16.5% to 3.7% in February 2020. This represents a decrease in the monthly unemployment rate of 77.6%. Since that time, the monthly unemployment rate has gone to 4.1% This represents an increase in the monthly unemployment rate of 10.8%. 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 Wuhan Coronavirus Pandemic the monthly labor force participation went from 27,897 to 28,711 in February 2020. This represents an increase in the monthly labor force participation of 2.9%. Since that time, the monthly labor force participation has gone to 27,908 This represents a decrease in the monthly labor force participation of 2.8%.

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 Montcalm County shows it has a Unemployment Rate of 2.1% which is the smallest when sorted by unemployment rate of all the other counties in the local area. The county with the highest unemployment rate in the area is Isabella County which depicts a rate of 4.3% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Montcalm County shows it has a Labor Force Participation of 56.1% which is in the mid range of other counties 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). Montcalm County has the smallest proportion of employed at 2.1% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Montcalm County depicts full time employees approximately 3.1 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 Montcalm County area. Montcalm County shows it has a Single Earner Families of 27.4% which is the third most families with a single earner of all other counties in the greater Montcalm County region. The county with the highest families with a single earner in the area is Newaygo County which shows a single earners rate of 29.5% (7.4% larger). The percentage of families with no one working is depicted in Figure 22. Montcalm County depicts it has a Families with No One Working of 22.6% which is the third most families with no one working of all other counties in the greater Montcalm County region. The county with the highest families with no one working in the area is Mecosta County which shows a families with no worker of 28.3% (25.4% larger).

Montcalm County Poverty Charts

The next section details economy analysis about poverty for residents of the Montcalm County 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. Montcalm County indicates it has a Total In Poverty of 8,706 which is the third most total people earning less than the poverty level of all other counties in the greater Montcalm County region. The county with the highest total people earning less than the poverty level in the area is Kent County which indicates a total people earning less than the poverty level of 74,720 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Montcalm County shows it has a Percent of Population In Poverty of 14.4% which is less than most other counties in the greater region. The county with the highest percent of people earning less than the poverty level in the area is Isabella County which shows a percent of people in poverty of 26.0% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Montcalm County has the percentage of person in poverty 12 to 17 years the second smallest in order of person in poverty under 12 years of all the other counties in the surrounding region at 22% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 23% of the total and is ranked #1. Third, it has the largest proportion of person in poverty 35 to 54 years at 13% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Montcalm County has the smallest proportion of white poverty rate at 10% of the total. Second, it has in the middle range of other counties in the local area when sorted by black poverty rate at 21% of the total. Third, it has the smallest proportion of american indian poverty rate at 9% of the total. Also, it has the largest proportion of asian poverty rate at 85% of the total and is ranked #1. In addition, it has the smallest proportion of hawaiian poverty rate at 8% 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. Montcalm County has the smallest proportion of people who are in poverty and employed at 2.1% 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.) Montcalm County depicts it has a Public Assistance Percent of 14.5% which is in the mid point range of other counties in the greater region. The county with the highest households with public assistance in the area is Newaygo County which depicts a households with public assistance of 16.9% (16.8% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Montcalm County shows it has a Gini Index of 41.8% which is the second smallest when sorted by the gini index of all the other counties in the area.

Montcalm County 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 Montcalm County 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.) Montcalm County has the smallest proportion of people who drive a car or motorcycle to work at 0% of the total. Second, it has the smallest proportion of people who take public transportation 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 Montcalm County or elsewhere.) Montcalm County has the largest proportion of people who drove alone at 83% of the total and is ranked #1. Second, it has the smallest proportion of people who take the bus at 0% of the total. Third, it has the smallest proportion of people who bike at 0% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Montcalm County has the largest proportion of people who leave for work between 12am to 5am at 8% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 730 am to 8am at 6% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Montcalm County has the percentage of people with commute time of less than 5 minutesutes in the mid point range of other counties in the metro area at 13% of the total. Second, it has the second smallest as measured by people with commute time of less than 5 minutes of all the other counties in the area in order of people with commute time between 5 to 9 minutes at 12% of the total. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 10% of the total. Also, it has the smallest proportion of people with commute time between 15 to 19 minutes at 8% of the total. In addition, it has the largest proportion of people with commute time between 40 to 44 minutes at 13% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 45 to 59 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 3% of the total and is ranked #1.

The average commute time is shown in Figure 37. Montcalm County shows it has a Avg Commute Time of 29 which is ranked #1 of all counties in the greater Montcalm County region. Figure 38 shows the difference between male versus female commuting time. Montcalm County shows average commute time in minutes for men 46.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Montcalm County has the percentage of no vehicle available the second smallest when sorted by no vehicle available of all the other counties in the local area at 16% of the total. Second, it has the largest proportion of 3 vehicles available at 13% 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.) Montcalm County depicts it has a Work in city or place where live of 33% which is less than most other counties in the local area. The county with the highest people who both work and live in the same city in the area is Mecosta County which depicts a people who both work and live in the same city of 58% (75.6% larger). Comparing people who both work and live in the same city to the United States average of 42%, Montcalm County is approximately three-fourths the size. Also, measured against the state of Michigan, people who both work and live in the same city of 30%, Montcalm County is 10.7% larger.

Montcalm County 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. Montcalm County depicts it has the hightest median earnings of $75,365 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Montcalm County indicates it has the hightest median earnings of $61,705 for the earnings-protective service occupations category. The table in Figure 48, shows Montcalm County employment data in terms of job categories and salary data.

Montcalm County 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. Montcalm County shows it has the hightest entrepreneurs of 31% for the self employed management, business, science, and arts 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. Montcalm County depicts it has the hightest entrepreneurs of 29% for the self employed in construction classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Montcalm County depicts it has a Self Employment Income of $31,510 which is the third most average annual self employment income of all other counties in the greater Montcalm County region. The county with the highest average annual self employment income in the area is Kent County which shows an average annual self employment income of $35,926 (14.0% larger). Comparing average annual self employment income to the United States average of $39,154, Montcalm County is about 24.3% smaller. Also, measured against the state of Michigan, average annual self employment income of $32,754, Montcalm County is only about 3.9% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Montcalm County depicts total number of self-employed men approximately 2.3 times bigger as the total number of self-employed women.