South Lyon Michigan Income Charts

This section shows the South Lyon Michigan economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, South Lyon depicts it has a median earnings per worker of $61,798 which is the third most median earnings of all other places in the greater South Lyon region. The city with the highest median earnings per worker in the area is Northville which depicts a median earnings of $86,370 (39.8% larger). Comparing median earnings per worker to the United States average of $47,712, South Lyon is 29.5% larger. Also, compared with the state of Michigan, median earnings per worker of $47,411, South Lyon is 30.3% 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 $67,327 which is in the mid point range of other places in the local area. The city with the highest median household income in the area is Northville which depicts a median income of $111,169 (65.1% larger). Comparing median household income to the United States average of $60,293, South Lyon is 11.7% larger. Also, compared with the state of Michigan, median household income of $54,938, South Lyon is 22.6% larger.

The next section examines a variety of different income statistics for the South Lyon metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 16.4% of the total and is ranked #3. Only #2 Milford (16.6%), and #1 Whitmore Lake CDP (17.3%) are larger. Second, it has in the mid range of other places in the local area in terms of earnings of $100,000 more at 14.4% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 38.6 which is the smallest when ranked by average hours of all the other places in the metro area. The city with the highest average hours in the area is Brighton which shows an average hours of 41.5 (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 an average hourly earnings of $30.79 which is the third most average hourly earnings of all other places in the greater South Lyon region. The city with the highest average hourly earnings in the area is Northville which shows an average hourly earnings of $40.22 (30.6% larger). Comparing average hourly earnings to the United States average of $23.71, South Lyon is 29.9% larger. Also, in comparison with the state of Michigan, average hourly earnings of $23.87, South Lyon is 29.0% 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 indicates it has a percentage of people self employed of 9.0% which is less than most other places in the local area. The city with the highest percentage of people self employed in the area is Whitmore Lake CDP which depicts a percentage self employed of 14.2% (56.5% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-25 to 44 years in the middle range of other places in the greater region at $88,606 of the total. Second, it has less than most other places in the greater region in terms of median income-45 to 64 years at $84,948 of the total. Third, it has the smallest proportion of median income-65 years and over at $33,844 of the total.

Figure 9 breaks down the source of income and South Lyon has the smallest proportion of public assistance and ssi at 0.1% 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 households with retirement income of 24.0% which is the third most of all other places in the metro area. The city with the highest households with retirement income in the area is Brighton which shows a households with retirement income of 28.2% (17.4% 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 less than most other places in the greater region at $95,349 of the total. Second, it has less than most other places in the greater region in order of white family income at $94,469 of the total. Third, it has one of the largest proportions of asian family income at $114,038 of the total and is ranked #2. The only larger city being Novi with $132,431. Also, it has the largest proportion of hispanic family income at $122,125 of the total and is ranked #1.

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 grouping.

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 shows that from February 2010 to before the Wuhan virus Pandemic the monthly unemployment rate went from 9.0% to 2.0% in December 2019. This represents a decrease in the monthly unemployment rate of 77.8%. Since that time, the monthly unemployment rate has gone to 2.0% 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 Wuhan virus Pandemic the monthly labor force participation went from 28,834 to 34,424 in November 2019. This represents an increase in the monthly labor force participation of 19.4%. Since that time, the monthly labor force participation has gone to 34,424 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 South Lyon shows it has an unemployment rate of 1.9% which is in the intermediate range of other places in the metropolitan area. The city with the highest unemployment rate in the area is Whitmore Lake CDP which indicates a rate of 2.7% (46.3% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. South Lyon shows it has a participation rate of 68.0% which is the third most participation rates of all other places in the greater South Lyon region.

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 3.0 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 families with a single earner of 23.4% which is in the middle range of other places in the local area. The city with the highest families with a single earner in the area is Novi which depicts a single earners rate of 33.1% (41.9% larger). The percentage of families with no one working is depicted in Figure 22. South Lyon depicts it has a families with no one working of 12.4% which is in the mid range of other places in the greater region. The city with the highest families with no one working in the area is Brighton which depicts a families with no worker of 25.4% (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 depicts it has a total people earning less than the poverty level of 561 which is in the center range of other places in the area. 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 3,037 ( markedly 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 shows it has a percent of people earning less than the poverty level of 4.8% which is the second smallest in terms of percent of people earning less than the poverty level of all the other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Wixom which shows a percent of people in poverty of 9.0% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. South Lyon has the percentage of person in poverty under 12 years the second smallest when sorted by person in poverty under 12 years of all the other places in the metropolitan area at 8% of the total. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 32% of the total and is ranked #2. The only larger city being Whitmore Lake CDP with 37%. Third, it has the smallest proportion of person in poverty 35 to 54 years at 7% of the total. Also, it has one of the largest proportions of person in poverty 55 to 64 years at 22% of the total and is ranked #2. The only larger city being Northville with 30%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. South Lyon has the percentage of less than highschool in poverty less than most other places in the metropolitan area at 9% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 6% 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 one of the largest proportions of people who are in poverty and employed at 29.6% of the total and is ranked #2. The only larger city being Wixom with 35.8%. Second, it has the second smallest when sorted by people who are in poverty and employed of all the other places in the metro area in order of people who are in poverty and not in labor force at 13.9% 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 depicts it has a households with public assistance of 3.4% which is the second smallest in order of households with public assistance of all the other places in the metro 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 13.8% (approximately 4.1 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). South Lyon indicates it has a the gini index of 43.4% which is less than most other places in the metropolitan area.

South Lyon Michigan Work Commute Charts

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 percentage of people with commute time between 5 to 9 minutes in the middle range of other places in the area at 7% of the total.

The average commute time is shown in Figure 37. South Lyon shows it has an average commute time of 31 which is the third most of all other places in the greater region. Figure 38 shows the difference between male versus female commuting time. South Lyon depicts average commute time in minutes for men 31.3% 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 1 vehicle available less than most other places in the local area at 17% of the total. Second, it has one of the largest proportions of 4 vehicles available at 8% of the total and is ranked #2. The only larger city being Northville with 9%. 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 people who both work and live in the same city of 15% which is the second smallest when sorted by people who both work and live in the same city of all the other places in the local area. The city with the highest people who both work and live in the same city in the area is Milford which shows a people who both work and live in the same city of 22% (50.1% 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, measured against 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 depicts it has the hightest median earnings of $102,689 for the earnings-computer, engineering, and science occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and South Lyon depicts it has the hightest median earnings of $100,574 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 59% 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 shows it has the hightest entrepreneurs of 32% for the self employed in manufacturing group.

In Figure 51 the average annual self employment/entrepreneur income is shown. South Lyon shows it has an average annual self employment income of $22,529 which is in the center range of other places in the area. The city with the highest average annual self employment income in the area is Novi which depicts an average annual self employment income of $50,472 (approximately 2.2 times bigger). Comparing average annual self employment income to the United States average of $37,819, South Lyon is approximately three-fourths the size. Also, compared to the state of Michigan, average annual self employment income of $31,109, 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 shows total number of self-employed men only about 5.4% larger as the total number of self-employed women.