Woodland Beach Michigan Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. Woodland Beach shows it has $50,722 median earnings which is the 3d most of all other places in the area. The place with the highest median earnings in the area is Stony Point with an earnings of $72,578 is 43.1% larger. Comparing median earnings to the United States average of $47,712, Woodland Beach measures 6.3% larger. Also, benchmarked against the state of Michigan, median earnings of $47,411, Woodland Beach is 7.0% larger.

In Figure 2 we see a more complete view of income which includes all members in a household using the median household income and it has $59,777 median income which is the 3d most of all other places in the area. The place with the highest median income in the area is Stony Point with an income of $80,039 is 33.9% larger. Comparing median income to the United States average of $60,293, Woodland Beach measures about the same size. Also, measured against the state of Michigan, median income of $54,938, Woodland Beach is 8.8% larger.

The next section examines a variety of different income statistics. In Figure 3 we see that it has the largest proportion of median earnings between $50,000 and $74,999 at 27.5% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has 40.0 average hours which is at the top of all other placesin the area. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $24.39 average hourly earnings which is the 3d most of all other places in the area. The place with the highest average hourly earnings in the area is Stony Point with an average hourly earnings of $36.44 compares as 49.4% larger. Comparing average hourly earnings to the United States average of $23.71, Woodland Beach is only about 2.9% larger. Also, in comparison with the state of Michigan, average hourly earnings of $23.87, Woodland Beach is only slightly larger.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Woodland Beach shows it has 0.9% Self Employed which is the 4th smallest Self Employed of all the other places in the area. The place with the highest Self Employed in the area is Monroe, Monroe County, Michigan with a Self Employed of 7.0% compares as quite a bit bigger.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of Median Income for those under 25 years of age at $40,898 of the total and is ranked #1. Second, it has the largest proportion of Median Income-25 to 44 years at $100,045 of the total and is ranked #1. Also, it has the largest proportion of Median Income-65 years and over at $58,571 of the total and is ranked #1.

In terms of the source of where income comes from, in Figure 9 Woodland Beach has the largest proportion of Social Security at 13.0% 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 23.8% households with retirement income which isthe 4th ranked in households with retirement income out of 10 total in the area. The place with the highest households with retirement income in the area is Stony Point with a households with retirement income of 34.2% is 43.5% larger.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Woodland Beach shows it has hightest cost of 129.5 for cost of utilities.

Woodland Beach Michigan Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data from 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 measure for the United States. It shows that from January 2010 to November 2019 the Monthly Unemployment Rate went from 9.3% to 2.1%. This represents a decrease in the Monthly Unemployment Rate of 77.4%. 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. The participation level It shows that from January 2010 to November 2019 the Monthly Labor Force Participation went from 15,169 to 17,194. This represents an increase in the Monthly Labor Force Participation of 13.3%.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Woodland Beach shows it has 3.0% unemployment rate which isthe 4th ranked in unemployment rate out of 10 total in the area. The place with the highest unemployment rate in the area is Monroe, Monroe County, Michigan with a rate of 4.0% is 29.7% larger. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Woodland Beach shows it has 55.6% participation rate which isthe 6th ranked in participation rate out of 10 total in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Woodland Beach illustrates full time employees compares as approximately 4.6 times bigger than 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. Woodland Beach shows it has 37.0% families with a single earner which isthe 4th ranked in families with a single earner out of 10 total in the area. The place with the highest families with a single earner in the area is Stony Point with a single earners rate of 47.6% is 28.7% larger. The percentage of families with no one working is depicted in Figure 22. Woodland Beach shows it has 23.8% families with no one working which is more than all other placesin the area.

Woodland Beach Michigan Poverty Charts

The next section details information about poverty in the area. In Figure 23 the total number of people earning less than the poverty level are shown. Woodland Beach shows it has 382 total people earning less than the poverty level which isthe 5th ranked in total people earning less than the poverty level out of 10 total in the area. The place with the highest total people earning less than the poverty level in the area is Monroe, Monroe County, Michigan with a total people earning less than the poverty level of 3,681 is considerably bigger.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Woodland Beach shows it has 18.8% percent of people earning less than the poverty level which is the 2nd most of all the places in the area. The place with the highest percent of people earning less than the poverty level in the area is Stony Point with a percent of people in poverty of 31.4% is 67.0% larger.

In Figure 25 people who are in poverty are broken out by age group. Woodland Beach has the largest proportion of person in poverty Under 12 Years at 47% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 35 to 54 years at 21% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Woodland Beach has the largest proportion of Married with children and in poverty at 42% of the total and is ranked #1. 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.) We can see that Woodland Beach shows it has 11.1% households with public assistance which isthe 4th ranked in households with public assistance out of 10 total in the area. The place with the highest households with public assistance in the area is Monroe, Monroe County, Michigan with a households with public assistance of 22.5% measures about twice as large.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Woodland Beach indicates it has 32.1% the Gini Index which is the 4th smallest the Gini Index of all the other places in the area.

Woodland Beach Michigan Work Commute Charts

Figure 32 shows a high level view of how people get to work (including the percent of people who work from home.) Woodland Beach has the largest proportion of people who bicycle or walk to work at 6% of the total and is ranked #1. Figure 33 shows a more detailed view of how people get to work for this location and shows Woodland Beach has the largest proportion of people who walked at 6% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Woodland Beach has the largest proportion of people who leave for work between 8am to 830am at 14% 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. Woodland Beach has the largest proportion of people with commute time of less than 5 minutes at 6% of the total and is ranked #1. Second, it has people with commute time between 10 to 14 minutes less than most other places in the area at 18% of the total and is ranked 3d last in the group. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 16% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 60 to 89 minutes at 8% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time of 90 or more minutes at 3% of the total and is ranked #1.

The average commute time is shown in Figure 37. Woodland Beach shows it has 29 average commute time which is the 2nd most of all the places in the area. Figure 38 shows the difference between male versus female commuting time and Woodland Beach shows average commute time in minutes for men is approximately 2.3 times bigger than average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Woodland Beach has the largest proportion of 3 vehicles available at 27% of the total and is ranked #1.

Woodland Beach 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. Woodland Beach shows it has hightest median earnings of $52,426 for Earnings-Natural resources, construction, maintenance occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and Woodland Beach shows it has hightest median earnings of $46,167 for Earnings-Sales and office occupations.