North Adams Michigan Income Charts

This section shows the North Adams Michigan economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, North Adams shows it has a Median earnings of $38,482 which is less than most other places in the surrounding region. The city with the highest median earnings per worker in the area is Manitou Beach-Devils Lake CDP which shows a median earnings of $53,165 (38.2% larger). Comparing median earnings per worker to the United States average of $49,041, North Adams is approximately three-fourths the size. Also, measured against the state of Michigan, median earnings per worker of $48,618, North Adams 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 $47,045 which is in the intermediate range of other places in the surrounding region. The city with the highest median household income in the area is Manitou Beach-Devils Lake CDP which shows a median income of $70,119 (49.0% larger). Comparing median household income to the United States average of $62,843, North Adams is approximately three-fourths the size. Also, measured against the state of Michigan, median household income of $57,144, North Adams is about 21.5% smaller.

The next section examines a variety of different income statistics for the North Adams metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 10.4% of the total and is ranked #3. Only #2 Hudson (10.7%), and #1 Hanover (14.0%) are larger. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 7.6% 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 40.6 which is the second most of all the places in the greater region. The city with the highest average hours in the area is Manitou Beach-Devils Lake CDP which depicts an average hours of 42.4 (only about 4.4% 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 $18.23 which is the second smallest when sorted by average hourly earnings of all the other places in the greater region. The city with the highest average hourly earnings in the area is Manitou Beach-Devils Lake CDP which shows an average hourly earnings of $24.11 (32.3% larger). Comparing average hourly earnings to the United States average of $24.31, North Adams is approximately three-fourths the size. Also, benchmarked against the state of Michigan, average hourly earnings of $24.48, North Adams is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the North Adams metro area based on the number of people who reported any self employment income. North Adams depicts it has a Self Employed of 9.6% which is the third most people self employed of all other places in the greater North Adams region. The city with the highest percentage of people self employed in the area is Addison which depicts a percentage self employed of 12.5% (30.5% 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 mid range of other places in the local area at $50,500 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $57,500 of the total and is ranked #3. Only #2 Hudson ($64,464), and #1 Manitou Beach-Devils Lake CDP ($82,258) are larger. Third, it has the second smallest in terms of median income for those under 25 years of age of all the other places in the metro area when ranked by median income-45 to 64 years at $35,417 of the total.

Figure 9 breaks down the source of income and North Adams has the smallest proportion of self employment income at 6.5% 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 12.0% which is the smallest when sorted by households with retirement income of all the other places in the local area. The city with the highest households with retirement income in the area is Manitou Beach-Devils Lake CDP which indicates a households with retirement income of 35.9% (approximately 3.0 times bigger).

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 $62,656 of the total and is ranked #2. The only larger city being Manitou Beach-Devils Lake CDP with $80,446.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. North Adams shows it has the hightest cost of 101.8 for the cost of utilities aggregate.

North Adams 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 Pandemic the monthly unemployment rate went from 21.5% to 5.7% in February 2020. This represents a decrease in the monthly unemployment rate of 73.5%. Since that time, the monthly unemployment rate has gone to 7.6% This represents an increase in the monthly unemployment rate of 33.3%. 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 February 2010 to before the Coronavirus Pandemic the monthly labor force participation went from 15,435 to 13,984 in February 2020. This represents a decrease in the monthly labor force participation of 9.4%. Since that time, the monthly labor force participation has gone to 13,687 This represents a decrease in the monthly labor force participation of 2.1%.

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 North Adams shows it has a Unemployment Rate of 4.7% which is the second most of all the places in the surrounding region. The city with the highest unemployment rate in the area is Addison which shows a rate of 5.3% (12.6% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. North Adams shows it has a Labor Force Participation of 66.7% which is more than all other places in the greater North Adams 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). North Adams has the smallest proportion of unemployed at 33.3% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. North Adams shows full time employees considerably 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 North Adams area. North Adams shows it has a Single Earner Families of 26.3% which is less than most other places in the area. The city with the highest families with a single earner in the area is Hanover which depicts a single earners rate of 40.6% (54.5% larger). The percentage of families with no one working is depicted in Figure 22. North Adams shows it has a Families with No One Working of 15.2% which is the second smallest when ranked by families with no one working of all the other places in the metro area. The city with the highest families with no one working in the area is Manitou Beach-Devils Lake CDP which shows a families with no worker of 37.5% (approximately 2.5 times bigger).

North Adams Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the North Adams 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. North Adams depicts it has a Total In Poverty of 108 which is the second smallest as measured by total people earning less than the poverty level of all the other places in the surrounding region. The city with the highest total people earning less than the poverty level in the area is Hillsdale which depicts a total people earning less than the poverty level of 1,738 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. North Adams depicts it has a Percent of Population In Poverty of 19.2% which is less than most other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Hillsdale which shows a percent of people in poverty of 25.6% (33.5% larger).

In Figure 25 people who are in poverty are broken out by age group. North Adams has the largest proportion of person in poverty under 12 years at 20% of the total and is ranked #1. Second, it has one of the largest proportions of person in poverty 12 to 17 years at 31% of the total and is ranked #2. The only larger city being Hillsdale with 39%. Third, it has less than most other places in the local area when ranked by person in poverty 35 to 54 years at 7% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. North Adams has the largest proportion of unmarried female with children and in poverty at 42% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. North Adams has the smallest proportion of less than highschool in poverty at 9% of the total. Second, it has the largest proportion of highschool graduate and in poverty at 28% 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. North Adams has the smallest proportion of people who are in poverty and unemployed at 6.5% 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.) North Adams shows it has a Public Assistance Percent of 13.0% which is less than most other places in the area. The city with the highest households with public assistance in the area is Hillsdale which depicts a households with public assistance of 19.7% (52.0% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). North Adams shows it has a Gini Index of 33.9% which is the second smallest as measured by the gini index of all the other places in the surrounding region.

North Adams Michigan Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown North Adams or elsewhere.) North Adams has the largest proportion of people who took a taxicab, motorcycle or other at 1% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. North Adams has one of the largest proportions of people who leave for work between 12am to 5am at 14% of the total and is ranked #2. The only larger city being Addison with 19%. Second, it has the smallest proportion of people who leave for work between 5am to 530am at 3% of the total. Third, it has the largest proportion of people who leave for work between 530 am to 6am at 10% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 6am to 630am at 17% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 730 am to 8am at 4% of the total. Furthermore, it has the largest proportion of people who leave for work between 830 am to 9am at 9% 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. North Adams has the percentage of people with commute time of less than 5 minutesutes the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the area at 4% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 30% of the total and is ranked #1. Third, it has the smallest proportion of people with commute time between 20 to 24 minutes at 2% of the total. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 12% of the total and is ranked #1.

The average commute time is shown in Figure 37. North Adams depicts it has a Avg Commute Time of 29 which is the second most average commute time of all the places in the greater North Adams region. Figure 38 shows the difference between male versus female commuting time. North Adams shows average commute time in minutes for men about twice as large as the average commute time in minutes for women. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) North Adams indicates it has a Work in city or place where live of 6% which is the smallest as measured by people who both work and live in the same city of all the other places in the area. The city with the highest people who both work and live in the same city in the area is Hillsdale which shows a people who both work and live in the same city of 66% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 42%, North Adams is approximately a sixth the size. Also, compared with the state of Michigan, people who both work and live in the same city of 30%, North Adams is approximately a fifth the size.

North Adams 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. North Adams depicts it has the hightest median earnings of $45,625 for the earnings-sales and office occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and North Adams depicts it has the hightest median earnings of $55,625 for the earnings-healthcare practitioners and tech occupations category. The table in Figure 48, shows North Adams employment data in terms of job categories and salary data.

North Adams Michigan Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. North Adams depicts it has a Self Employment Income of $24,830 which is the second most of all the places in the surrounding region. The city with the highest average annual self employment income in the area is Manitou Beach-Devils Lake CDP which shows an average annual self employment income of $65,392 (approximately 2.6 times bigger). Comparing average annual self employment income to the United States average of $39,154, North Adams is approximately three-fourths the size. Also, measured against the state of Michigan, average annual self employment income of $32,754, North Adams is approximately three-fourths the size.