Oak Park Michigan Income Charts

This section shows the Oak Park Michigan economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Oak Park shows it has a Median earnings of $51,509 which is the smallest when ranked by median earnings per worker of all the other places in the metropolitan area. The city with the highest median earnings per worker in the area is Huntington Woods which shows a median earnings of $104,500 (about twice as large). Comparing median earnings per worker to the United States average of $53,269, Oak Park is only about 3.4% smaller. Also, measured against the state of Michigan, median earnings per worker of $52,738, Oak Park is only about 2.4% 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 $58,700 which is the smallest as measured by median household income of all the other places in the greater region. The city with the highest median household income in the area is Huntington Woods which shows a median income of $157,665 (approximately 2.7 times bigger). Comparing median household income to the United States average of $69,021, Oak Park is about 17.6% smaller. Also, compared with the state of Michigan, median household income of $63,202, Oak Park is about 7.7% smaller.

The next section examines a variety of different income statistics for the Oak Park metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 8.6% of the total and is ranked #1. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 6.6% of the total and is ranked #1. Third, it has the largest proportion of earnings between $15,000 and $19,999 at 29.2% of the total and is ranked #1. Also, it has the smallest proportion of earnings between $50,000 and $74,999 at 8.0% of the total. In addition, it has the smallest proportion of earnings between $75,000 and $99,999 at 8.1% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.9 which is the second smallest when ranked by average hours of all the other places in the greater region. The city with the highest average hours in the area is Pleasant Ridge which shows an average hours of 41.8 (7.5% 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 $25.46 which is the smallest as measured by average hourly earnings of all the other places in the metro area. The city with the highest average hourly earnings in the area is Huntington Woods which depicts an average hourly earnings of $51.01 (about twice as large). Comparing average hourly earnings to the United States average of $26.40, Oak Park is only about 3.7% smaller. Also, benchmarked against the state of Michigan, average hourly earnings of $26.48, Oak Park is only about 4.0% smaller.

Figure 7 examines the number of self employed people in the Oak Park metro area based on the number of people who reported any self employment income. Oak Park depicts it has a Self Employed of 7.8% which is the smallest when sorted by percentage of people self employed of all the other places in the greater region. The city with the highest percentage of people self employed in the area is Huntington Woods which depicts a percentage self employed of 17.2% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest when ranked by median income for those under 25 years of age of all the other places in the metro area at $65,848 of the total. Second, it has the smallest proportion of median income-25 to 44 years at $68,493 of the total. Third, it has the smallest proportion of median income-45 to 64 years at $40,600 of the total.

Figure 9 breaks down the source of income and Oak Park has the largest proportion of social security at 1.4% 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 With Retirement Income of 24.4% which is in the center range of other places in the local area. The city with the highest households with retirement income in the area is Lathrup Village which indicates a households with retirement income of 40.5% (66.5% 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 $81,100 of the total. Second, it has one of the largest proportions of white family income at $66,757 of the total and is ranked #3. Only #2 Ferndale ($79,700), and #1 Lathrup Village ($96,974) are larger. Third, it has less than most other places in the metro area when sorted by american indian family income at $62,604 of the total. Also, it has less than most other places in the local area when sorted by hawaiian family income at $43,958 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. Oak Park shows it has the hightest cost of 129.5 for the cost of utilities grouping.

Oak Park 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 20.4% to 4.9% in February 2020. This represents a decrease in the monthly unemployment rate of 76.0%. Since that time, the monthly unemployment rate has gone to 4.5% This represents a decrease in the monthly unemployment rate of 8.2%. 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/COVID Pandemic the monthly labor force participation went from 14,811 to 14,419 in March 2020. This represents a decrease in the monthly labor force participation of 2.6%. Since that time, the monthly labor force participation has gone to 14,220 This represents a decrease 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 Oak Park depicts it has a Unemployment Rate of 5.0% which is the second most of all the places in the greater region. The city with the highest unemployment rate in the area is Lathrup Village which shows a rate of 5.6% (12.7% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Oak Park depicts it has a Labor Force Participation of 65.6% which is the second smallest as measured by participation rate of all the other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Oak Park depicts full time employees approximately 3.9 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 Oak Park area. Oak Park shows it has a Single Earner Families of 25.4% which is the third most families with a single earner of all other places in the greater Oak Park region. The city with the highest families with a single earner in the area is Lathrup Village which shows a single earners rate of 36.1% (42.1% larger). The percentage of families with no one working is depicted in Figure 22. Oak Park shows it has a Families with No One Working of 18.6% which is the highest of all places in the greater Oak Park region.

Oak Park Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Oak Park 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. Oak Park shows it has a Total In Poverty of 3,851 which is at the top of all other places in the greater Oak Park region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Oak Park depicts it has a Percent of Population In Poverty of 13.0% which is at the top of all other places in the greater Oak Park region.

In Figure 25 people who are in poverty are broken out by age group. Oak Park has the largest proportion of person in poverty under 12 years at 14% of the total and is ranked #1. Second, it has less than most other places in the local area when ranked by person in poverty 12 to 17 years at 23% of the total. Third, it has the second smallest in order of person in poverty under 12 years of all the other places in the local area when ranked by person in poverty 35 to 54 years at 6% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Oak Park has the largest proportion of black poverty rate at 12% of the total and is ranked #1. Second, it has the largest proportion of hawaiian poverty rate at 24% 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. Oak Park has the largest proportion of less than highschool in poverty at 12% of the total and is ranked #1. Second, it has one of the largest proportions of highschool graduate and in poverty at 12% of the total and is ranked #2. The only larger city being Ferndale with 15%. Third, it has the largest proportion of has some college and in poverty at 8% 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. Oak Park has the smallest proportion of people who are in poverty and unemployed at 11.2% 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.) Oak Park depicts it has a Public Assistance Percent of 20.8% which is the largest of all places in the metro area.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Oak Park shows it has a Gini Index of 42.5% which is the second most the gini index of all the places in the greater Oak Park region.

Oak Park Michigan Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Oak Park or elsewhere.) Oak Park has the largest proportion of people who carpooled at 9% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Oak Park has the largest proportion of people who leave for work between 12am to 5am at 4% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 6am to 630am at 5% of the total. Third, it has the smallest proportion of people who leave for work between 630 am to 7am at 12% of the total. Also, it has the smallest proportion of people who leave for work between 7am to 730am at 11% of the total. In addition, it has the smallest proportion of people who leave for work between 8am to 830am at 7% of the total. Furthermore, it has the largest proportion of people who leave for work between 11am to 12noon at 8% of the total and is ranked #1. Next it has the largest proportion of people who leave for work between 12noon to 4pm at 8% 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. Oak Park has one of the largest proportions of people with commute time of less than 5 minutesutes at 11% of the total and is ranked #2. The only larger city being Huntington Woods with 12%. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 14% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 30 to 34 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Oak Park shows it has a Avg Commute Time of 22 which is the smallest when ranked by average commute time of all the other places in the area. Figure 38 shows the difference between male versus female commuting time. Oak Park depicts average commute time in minutes for men 12.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Oak Park has the largest proportion of no vehicle available at 30% of the total and is ranked #1. Second, it has the smallest proportion of 1 vehicle available at 45% of the total. Third, it has the second smallest when sorted by no vehicle available of all the other places in the area when ranked by 4 vehicles available at 1% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Oak Park shows it has a Work in city or place where live of 23% which is the third most of all other places in the surrounding region. The city with the highest people who both work and live in the same city in the area is Pleasant Ridge which depicts a people who both work and live in the same city of 27% (14.2% larger). Comparing people who both work and live in the same city to the United States average of 44%, Oak Park is approximately half the size. Also, in comparison with the state of Michigan, people who both work and live in the same city of 33%, Oak Park is approximately three-fourths the size.

Oak Park 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. Oak Park depicts it has the hightest median earnings of $190,683 for the earnings-healthcare practitioners and tech occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Oak Park depicts it has the hightest median earnings of $82,375 for the earnings-computer, engineering, and science occupations category. The table in Figure 48, shows Oak Park employment data in terms of job categories and salary data.

Oak Park 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. Oak Park depicts it has the hightest entrepreneurs of 44% for the self employed management, business, science, and arts 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. Oak Park depicts it has the hightest entrepreneurs of 22% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Oak Park depicts it has a Self Employment Income of $37,358 which is the second smallest when ranked by average annual self employment income of all the other places in the local area. The city with the highest average annual self employment income in the area is Pleasant Ridge which shows an average annual self employment income of $101,891 (approximately 2.7 times bigger). Comparing average annual self employment income to the United States average of $42,141, Oak Park is about 12.8% smaller. Also, in contrast to the state of Michigan, average annual self employment income of $35,267, Oak Park is only about 5.9% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Oak Park depicts total number of self-employed men 30.0% larger as the total number of self-employed women.