Spring Arbor CDP Michigan Income Charts

This section shows the Spring Arbor CDP Michigan economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Spring Arbor CDP shows it has a median earnings per worker of $58,625 which is the most of all places in the greater Spring Arbor CDP region. Comparing median earnings per worker to the United States average of $47,712, Spring Arbor CDP is 22.9% larger. Also, compared to the state of Michigan, median earnings per worker of $47,411, Spring Arbor CDP is 23.7% 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 $58,060 which is the second most of all the places in the surrounding region. The place with the highest median household income in the area is Parma which depicts a median income of $61,806 (6.5% larger). Comparing median household income to the United States average of $60,293, Spring Arbor CDP is only about 3.8% smaller. Also, in comparison with the state of Michigan, median household income of $54,938, Spring Arbor CDP is only about 5.7% larger.

The next section examines a variety of different income statistics for the Spring Arbor CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 58.3% of the total and is ranked #1. Second, it has the second smallest in order of median earnings of less than $10,000 of all the other places in the local area in order of earnings between $10,000 and $14,999 at 6.6% of the total. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 3.2% of the total. Also, it has the smallest proportion of earnings between $20,000 and $49,999 at 13.1% of the total. In addition, it has the smallest proportion of earnings between $50,000 and $74,999 at 12.2% 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 29.3 which is the smallest as measured by average hours of all the other places in the local area. The place with the highest average hours in the area is Parma which depicts an average hours of 40.7 (38.9% 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 $38.48 which is is the uppermost of the places in the greater Spring Arbor CDP region. Comparing average hourly earnings to the United States average of $23.71, Spring Arbor CDP is 62.3% larger. Also, compared with the state of Michigan, average hourly earnings of $23.87, Spring Arbor CDP is 61.2% larger.

Figure 7 examines the number of self employed people in the Spring Arbor CDP metro area based on the number of people who reported any self employment income. Spring Arbor CDP shows it has a percentage of people self employed of 5.1% which is less than most other places in the local area. The place with the highest percentage of people self employed in the area is Parma which depicts a percentage self employed of 10.7% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-25 to 44 years at $116,739 of the total and is ranked #1. Second, it has the largest proportion of median income-45 to 64 years at $84,286 of the total and is ranked #1. Third, it has in the mid range of other places in the greater region as measured by median income-65 years and over at $33,469 of the total.

Figure 9 breaks down the source of income and Spring Arbor CDP has the smallest proportion of income from wages at 66.0% of the total. Second, it has the smallest proportion of self employment income at 0.1% of the total. Third, it has the largest proportion of investment and retirement income at 16.8% of the total and is ranked #1. Also, it has the largest proportion of social security at 17.1% 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 households with retirement income of 36.8% which is the largest of all places in the greater Spring Arbor CDP region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $83,601 of the total and is ranked #1. Second, it has the largest proportion of white family income at $84,226 of the total and is ranked #1. Third, it has the largest proportion of hispanic family income at $56,364 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. Spring Arbor CDP shows it has the hightest cost of 101.8 for the cost of utilities group.

Spring Arbor CDP 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 January 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 21.6% to 5.7% in March 2020. This represents a decrease in the monthly unemployment rate of 73.6%. Since that time, the monthly unemployment rate has gone to 16.1% This represents an increase in the monthly unemployment rate of 182.5%. 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 January 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 15,282 to 13,613 in March 2020. This represents a decrease in the monthly labor force participation of 10.9%. Since that time, the monthly labor force participation has gone to 14,682 This represents an increase in the monthly labor force participation of 7.9%.

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 Spring Arbor CDP shows it has an unemployment rate of 5.4% which is the third most of all other places in the metropolitan area. The place with the highest unemployment rate in the area is Hanover which depicts a rate of 5.8% (7.3% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Spring Arbor CDP shows it has a participation rate of 54.5% which is the smallest in order of participation rate of all the other places in the local 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). Spring Arbor CDP has the smallest proportion of employed at 49.0% of the total. Second, it has the largest proportion of not in labor force at 45.5% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Spring Arbor CDP shows full time employees about 23.6% smaller 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 Spring Arbor CDP area. Spring Arbor CDP depicts it has a families with a single earner of 27.3% which is the smallest as measured by families with a single earner of all the other places in the metropolitan area. The place with the highest families with a single earner in the area is Hanover which shows a single earners rate of 41.2% (50.9% larger). The percentage of families with no one working is depicted in Figure 22. Spring Arbor CDP shows it has a families with no one working of 20.3% which is more than all other places in the greater Spring Arbor CDP region.

Spring Arbor CDP Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Spring Arbor CDP 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. Spring Arbor CDP indicates it has a total people earning less than the poverty level of 162 which is in the center range of other places in the metro area. The place with the highest total people earning less than the poverty level in the area is Jackson which shows a total people earning less than the poverty level of 9,560 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Spring Arbor CDP shows it has a percent of people earning less than the poverty level of 10.7% which is less than most other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Jackson which depicts a percent of people in poverty of 30.0% (approximately 2.8 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Spring Arbor CDP has the smallest proportion of person in poverty under 12 years at 9% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 48% of the total and is ranked #1. Third, it has the smallest proportion of person in poverty 35 to 54 years at 1% of the total. Also, it has the largest proportion of person in poverty 65+ years at 32% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Spring Arbor CDP has the percentage of white poverty rate the second smallest when sorted by white poverty rate of all the other places in the metro area at 9% of the total. Second, it has the largest proportion of black poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Spring Arbor CDP has one of the largest proportions of unmarried with children and in poverty at 58% of the total and is ranked #3. Only #2 Albion (67%), and #1 Hanover (87%) are larger. Second, it has the largest proportion of unmarried female with children and in poverty at 100% of the total and is ranked #1. Third, it has one of the largest proportions of unmarried male with children and in poverty at 45% of the total and is ranked #3. Only #2 Vandercook Lake CDP (61%), and #1 Concord (64%) are larger. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Spring Arbor CDP has the largest proportion of people who are in poverty and employed at 40.7% of the total and is ranked #1. Second, it has less than most other places in the local area when ranked by people who are in poverty and not in labor force at 6.2% 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.) Spring Arbor CDP depicts it has a households with public assistance of 12.4% which is in the middle range of other places in the greater region. The place with the highest households with public assistance in the area is Jackson which shows a households with public assistance of 31.0% (approximately 2.5 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Spring Arbor CDP depicts it has a the gini index of 41.8% which is the third most the gini index of all other places in the greater Spring Arbor CDP region.

Spring Arbor CDP 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 Spring Arbor CDP 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.) Spring Arbor CDP has the smallest proportion of people who drive a car or motorcycle to work at 70% of the total. Second, it has the largest proportion of people who bicycle or walk to work at 25% 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 Spring Arbor CDP or elsewhere.) Spring Arbor CDP has the smallest proportion of people who drove alone at 61% of the total. Second, it has the largest proportion of people who walked at 25% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Spring Arbor CDP has the smallest proportion of people who leave for work between 12am to 5am at 2% of the total. 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 largest proportion of people who leave for work between 8am to 830am at 18% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 10am to 11am at 11% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 11am to 12noon at 5% of the total and is ranked #1. Furthermore, it has the largest proportion of people who leave for work between 12noon to 4pm at 15% 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. Spring Arbor CDP has the largest proportion of people with commute time of less than 5 minutesutes at 20% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 26% of the total and is ranked #1. Third, it has the smallest proportion of people with commute time between 25 to 29 minutes at 2% of the total. Also, it has the smallest proportion of people with commute time between 30 to 34 minutes at 1% of the total. In addition, it has the smallest proportion of people with commute time between 60 to 89 minutes at 1% of the total.

The average commute time is shown in Figure 37. Spring Arbor CDP shows it has an average commute time of 13 which is the smallest when ranked by average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Spring Arbor CDP shows average commute time in minutes for men about 14.2% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Spring Arbor CDP has the smallest proportion of 1 vehicle available at 8% of the total. Second, it has the largest proportion of 2 vehicles available at 71% 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.) Spring Arbor CDP shows it has a people who both work and live in the same city of 31% which is the third most people who both work and live in the same city of all other places in the greater Spring Arbor CDP region. The place with the highest people who both work and live in the same city in the area is Albion which depicts a people who both work and live in the same city of 46% (50.8% larger). Comparing people who both work and live in the same city to the United States average of 42%, Spring Arbor CDP is approximately three-fourths the size. Also, compared to the state of Michigan, people who both work and live in the same city of 30%, Spring Arbor CDP is only about 3.0% larger.

Spring Arbor CDP 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. Spring Arbor CDP shows it has the hightest median earnings of $81,761 for the earnings-sales and office occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Spring Arbor CDP shows it has the hightest median earnings of $39,107 for the earnings-sales and office occupations classification. The table in Figure 48, shows Spring Arbor CDP employment data in terms of job categories and salary data.

Spring Arbor CDP Michigan Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. Spring Arbor CDP indicates it has an average annual self employment income of $1,883 which is the smallest when ranked by average annual self employment income of all the other places in the area. The place with the highest average annual self employment income in the area is Parma which depicts an average annual self employment income of $38,500 ( substantially bigger). Comparing average annual self employment income to the United States average of $37,819, Spring Arbor CDP is only about 5.0% the size. Also, benchmarked against the state of Michigan, average annual self employment income of $31,109, Spring Arbor CDP is only about 6.1% the size.