Spring Arbor CDP Michigan Income Charts

This section shows the Spring Arbor CDP Michigan economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Spring Arbor CDP depicts it has a Median earnings of $60,000 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 $49,041, Spring Arbor CDP is 22.3% larger. Also, in contrast to the state of Michigan, median earnings per worker of $48,618, Spring Arbor CDP is 23.4% 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 $65,972 which is the second most median income of all the places in the greater Spring Arbor CDP region. The place with the highest median household income in the area is Parma which shows a median income of $71,500 (8.4% larger). Comparing median household income to the United States average of $62,843, Spring Arbor CDP is only about 5.0% larger. Also, benchmarked against the state of Michigan, median household income of $57,144, Spring Arbor CDP is 15.4% 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 has the percentage of earnings less than $10,000 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the local area at 6.6% of the total. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 12.2% of the total. Third, it has the smallest proportion of earnings between $75,000 and $99,999 at 0.4% 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 28.9 which is the smallest when ranked 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 40.6 (40.5% 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 $39.93 which is more than all other places in the greater Spring Arbor CDP region. Comparing average hourly earnings to the United States average of $24.31, Spring Arbor CDP is 64.3% larger. Also, in contrast to the state of Michigan, average hourly earnings of $24.48, Spring Arbor CDP is 63.1% 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 Self Employed of 2.8% which is the smallest when sorted by percentage of people self employed of all the other places in the metropolitan area. The place with the highest percentage of people self employed in the area is Parma which shows a percentage self employed of 13.1% (approximately 4.7 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $117,935 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $83,860 of the total and is ranked #1. Third, it has in the center range of other places in the greater region when sorted by median income-45 to 64 years at $35,083 of the total.

Figure 9 breaks down the source of income and Spring Arbor CDP has the largest proportion of self employment income at 18.0% of the total and is ranked #1. Second, it has the largest proportion of investment and retirement income at 17.0% 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 34.8% 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 $83,088 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 depicts it has the hightest cost of 101.8 for the cost of utilities classification.

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 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 disasterous COVID-19 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 Spring Arbor CDP shows it has a Unemployment Rate of 3.7% which is in the center range of other places in the local area. The place with the highest unemployment rate in the area is Jackson which shows a rate of 5.3% (45.5% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Spring Arbor CDP indicates it has a Labor Force Participation of 56.9% which is the second smallest when sorted by participation rate of all the other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Spring Arbor CDP depicts full time employees approximately three-fourths the size 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 shows it has a Single Earner Families of 24.6% which is the smallest in terms of families with a single earner of all the other places in the greater region. The place with the highest families with a single earner in the area is Hanover which shows a single earners rate of 40.6% (64.7% larger). The percentage of families with no one working is depicted in Figure 22. Spring Arbor CDP depicts it has a Families with No One Working of 25.2% which is at the top of 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 depicts it has a Total In Poverty of 148 which is in the middle range of other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is Jackson which depicts a total people earning less than the poverty level of 9,150 ( markedly 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 Population In Poverty of 11.4% which is less than most other places in the surrounding region. The place with the highest percent of people earning less than the poverty level in the area is Jackson which shows a percent of people in poverty of 28.7% (approximately 2.5 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Spring Arbor CDP has the largest proportion of person in poverty 12 to 17 years at 47% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 18 to 34 years at 1% of the total. Third, it has the largest proportion of person in poverty 55 to 64 years at 30% 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 largest proportion of white poverty rate at 100% of the total and is ranked #1. Second, it has less than most other places in the greater region when ranked by hawaiian poverty rate at 10% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Spring Arbor CDP has the largest proportion of unmarried with children and in poverty at 100% 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. Spring Arbor CDP has the percentage of people who are in poverty and unemployed the second smallest when ranked by people who are in poverty and employed of all the other places in the metro area at 6.1% 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 shows it has a Public Assistance Percent of 11.2% which is less than most other places in the local area. The place with the highest households with public assistance in the area is Jackson which shows a households with public assistance of 28.5% (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 shows it has a Gini Index of 39.3% which is in the mid range of other places in the greater 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 largest proportion of people who take public transportation 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. Third, it has the largest proportion of people who took a taxicab, motorcycle or other at 2% 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 largest proportion of people who leave for work between 7am to 730am at 16% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 15% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 10am to 11am at 5% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 11am to 12noon at 17% 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 25% of the total and is ranked #1. Second, it has less than most other places in the greater region in terms of people with commute time between 5 to 9 minutes at 12% of the total. Third, it has the smallest proportion of people with commute time between 20 to 24 minutes at 3% of the total. Also, it has the smallest proportion of people with commute time between 45 to 59 minutes at 1% of the total.

The average commute time is shown in Figure 37. Spring Arbor CDP depicts it has a Avg Commute Time of 13 which is the smallest as measured by average commute time of all the other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Spring Arbor CDP depicts average commute time in minutes for men about 14.1% 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 percentage of no vehicle available the second smallest when sorted by no vehicle available of all the other places in the local area at 7% of the total. Second, it has the largest proportion of 1 vehicle available at 72% 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 indicates it has a Work in city or place where live of 32% 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 shows a people who both work and live in the same city of 43% (34.9% 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 7.2% 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 depicts it has the hightest median earnings of $60,066 for the earnings-education, legal, community service, arts, media occupations grouping. 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

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Spring Arbor CDP depicts total number of self-employed men approximately half the size as the total number of self-employed women.