South Lyon Michigan Income Charts

This section shows the South Lyon Michigan economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, South Lyon shows it has a Median earnings of $63,500 which is in the middle range of other places in the metro area. The city with the highest median earnings per worker in the area is Northville which depicts a median earnings of $91,635 (44.3% larger). Comparing median earnings per worker to the United States average of $49,041, South Lyon is 29.5% larger. Also, in comparison with the state of Michigan, median earnings per worker of $48,618, South Lyon is 30.6% larger.

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 $73,200 which is in the middle range of other places in the metro area. The city with the highest median household income in the area is Northville which depicts a median income of $114,346 (56.2% larger). Comparing median household income to the United States average of $62,843, South Lyon is 16.5% larger. Also, in comparison with the state of Michigan, median household income of $57,144, South Lyon is 28.1% larger.

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 second smallest when sorted by average hours of all the other places in the greater region. The city with the highest average hours in the area is Northville which depicts an average hours of 41.0 (7.0% 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 $31.88 which is in the intermediate range of other places in the greater region. The city with the highest average hourly earnings in the area is Northville which depicts an average hourly earnings of $42.98 (34.8% larger). Comparing average hourly earnings to the United States average of $24.31, South Lyon is 31.2% larger. Also, benchmarked against the state of Michigan, average hourly earnings of $24.48, South Lyon is 30.3% larger.

Figure 7 examines the number of self employed people in the South Lyon metro area based on the number of people who reported any self employment income. South Lyon shows it has a Self Employed of 10.8% which is the third most people self employed of all other places in the greater South Lyon region. The city with the highest percentage of people self employed in the area is Whitmore Lake CDP which shows a percentage self employed of 17.0% (57.0% 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 middle range of other places in the local area at $94,310 of the total. Second, it has in the mid range of other places in the metro area when sorted by median income-25 to 44 years at $95,313 of the total. Third, it has the second smallest when sorted by median income for those under 25 years of age of all the other places in the local area when sorted by median income-45 to 64 years at $38,963 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 23.1% which is in the mid point range of other places in the local area. The city with the highest households with retirement income in the area is Brighton which shows a households with retirement income of 28.6% (24.3% 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 mid range of other places in the local area at $107,143 of the total. Second, it has one of the largest proportions of american indian family income at $115,648 of the total and is ranked #2. The only larger city being Novi with $135,583.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. South Lyon shows it has the hightest cost of 129.5 for the cost of utilities category.

South Lyon 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 Wuhan Coronavirus Pandemic the monthly unemployment rate went from 9.0% to 1.9% in February 2020. This represents a decrease in the monthly unemployment rate of 78.9%. Since that time, the monthly unemployment rate has gone to 3.2% This represents an increase in the monthly unemployment rate of 68.4%. 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 disasterous COVID Pandemic the monthly labor force participation went from 28,937 to 34,243 in February 2020. This represents an increase in the monthly labor force participation of 18.3%. Since that time, the monthly labor force participation has gone to 33,587 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 South Lyon depicts it has a Unemployment Rate of 2.2% which is the second most unemployment rate of all the places in the greater South Lyon region. The city with the highest unemployment rate in the area is Whitmore Lake CDP which depicts a rate of 3.1% (39.2% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. South Lyon depicts it has a Labor Force Participation of 69.5% which is the second most of all the places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. South Lyon depicts full time employees approximately 2.8 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 South Lyon area. South Lyon depicts it has a Single Earner Families of 20.5% which is the second smallest when sorted by families with a single earner of all the other places in the metropolitan area. The city with the highest families with a single earner in the area is Novi which depicts a single earners rate of 32.3% (57.6% larger). The percentage of families with no one working is depicted in Figure 22. South Lyon shows it has a Families with No One Working of 13.1% which is less than most other places in the metro area. The city with the highest families with no one working in the area is Brighton which depicts a families with no worker of 24.2% (about twice as large).

South Lyon Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the South Lyon 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. South Lyon shows it has a Total In Poverty of 653 which is the third most total people earning less than the poverty level of all other places in the greater South Lyon region. The city with the highest total people earning less than the poverty level in the area is Novi which depicts a total people earning less than the poverty level of 2,407 (approximately 3.7 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. South Lyon depicts it has a Percent of Population In Poverty of 5.6% 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 Whitmore Lake CDP which depicts a percent of people in poverty of 9.0% (62.2% larger).

In Figure 25 people who are in poverty are broken out by age group. South Lyon has the smallest proportion of person in poverty 18 to 34 years at 9% of the total. Second, it has one of the largest proportions of person in poverty 35 to 54 years at 25% of the total and is ranked #2. The only larger city being Northville with 35%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. South Lyon has the percentage of white poverty rate in the middle range of other places in the metro area at 19% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. South Lyon has the percentage of married with children and in poverty less than most other places in the metro area at 12% of the total. Second, it has less than most other places in the local area when ranked by unmarried with children and in poverty at 18% 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. South Lyon has the largest proportion of people who are in poverty and employed at 11.9% of the total and is ranked #1. Second, it has the smallest proportion of people who are in poverty and unemployed at 6.0% 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.) South Lyon shows it has a Public Assistance Percent of 4.2% which is in the middle range of other places in the area. The city with the highest households with public assistance in the area is Whitmore Lake CDP which depicts a households with public assistance of 12.5% (approximately 3.0 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). South Lyon depicts it has a Gini Index of 43.3% which is less than most other places in the local area.

South Lyon Michigan 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 South Lyon 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.) South Lyon has the largest proportion of people who drive a car or motorcycle to work at 0% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown South Lyon or elsewhere.) South Lyon has the largest proportion of people who take the bus at 0% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. South Lyon 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. South Lyon has the smallest proportion of people with commute time of less than 5 minutesutes at 6% of the total. Second, it has the largest proportion of people with commute time between 25 to 29 minutes at 17% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 40 to 44 minutes at 16% of the total and is ranked #1.

The average commute time is shown in Figure 37. South Lyon depicts it has a Avg Commute Time of 30 which is the third most average commute time of all other places in the greater South Lyon region. Figure 38 shows the difference between male versus female commuting time. South Lyon shows average commute time in minutes for men 24.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and South Lyon has the percentage of no vehicle available the second smallest in order of no vehicle available of all the other places in the local area at 16% of the total. Second, it has one of the largest proportions of 1 vehicle available at 50% of the total and is ranked #3. Only #2 Whitmore Lake CDP (53%), and #1 Brighton (53%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) South Lyon depicts it has a Work in city or place where live of 14% which is less than most other places in the greater region. The city with the highest people who both work and live in the same city in the area is Milford which depicts a people who both work and live in the same city of 24% (71.0% larger). Comparing people who both work and live in the same city to the United States average of 42%, South Lyon is approximately a third the size. Also, compared with the state of Michigan, people who both work and live in the same city of 30%, South Lyon is approximately half the size.

South Lyon 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. South Lyon shows it has the hightest median earnings of $160,375 for the earnings-healthcare practitioners and tech occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and South Lyon depicts it has the hightest median earnings of $98,988 for the earnings-computer, engineering, and science occupations aggregate. The table in Figure 48, shows South Lyon employment data in terms of job categories and salary data.

South Lyon 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. South Lyon depicts it has the hightest entrepreneurs of 63% for the self employed management, business, science, and arts businesses aggregate.

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. South Lyon depicts it has the hightest entrepreneurs of 41% for the self employed in manufacturing classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. South Lyon depicts it has a Self Employment Income of $20,811 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 Novi which shows an average annual self employment income of $46,354 (approximately 2.2 times bigger). Comparing average annual self employment income to the United States average of $39,154, South Lyon is approximately half the size. Also, measured against the state of Michigan, average annual self employment income of $32,754, South Lyon is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) South Lyon depicts total number of self-employed men 32.9% larger as the total number of self-employed women.