Woodland Beach CDP Michigan Income Charts

This section shows the Woodland Beach 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, Woodland Beach CDP depicts it has a Median earnings of $46,875 which is the third most median earnings of all other places in the greater Woodland Beach CDP region. The place with the highest median earnings per worker in the area is Stony Point CDP which shows a median earnings of $81,296 (73.4% larger). Comparing median earnings per worker to the United States average of $49,041, Woodland Beach CDP is only about 4.6% smaller. Also, compared to the state of Michigan, median earnings per worker of $48,618, Woodland Beach CDP is only about 3.7% smaller.

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 $53,902 which is in the mid range of other places in the local area. The place with the highest median household income in the area is Stony Point CDP which shows a median income of $73,750 (36.8% larger). Comparing median household income to the United States average of $62,843, Woodland Beach CDP is about 16.6% smaller. Also, compared to the state of Michigan, median household income of $57,144, Woodland Beach CDP is about 6.0% smaller.

The next section examines a variety of different income statistics for the Woodland Beach CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 4.5% of the total. Second, it has the second smallest in terms of median earnings of less than $10,000 of all the other places in the metro area in order of earnings between $10,000 and $14,999 at 5.6% 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 38.1 which is the smallest in order of average hours of all the other places in the metro area. The place with the highest average hours in the area is South Monroe CDP which shows an average hours of 39.9 (only about 4.7% 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 $23.66 which is the third most average hourly earnings of all other places in the greater Woodland Beach CDP region. The place with the highest average hourly earnings in the area is Stony Point CDP which shows an average hourly earnings of $40.09 (69.4% larger). Comparing average hourly earnings to the United States average of $24.31, Woodland Beach CDP is only about 2.7% smaller. Also, in contrast to the state of Michigan, average hourly earnings of $24.48, Woodland Beach CDP is only about 3.4% smaller.

Figure 7 examines the number of self employed people in the Woodland Beach CDP metro area based on the number of people who reported any self employment income. Woodland Beach CDP depicts it has a Self Employed of 1.9% which is the smallest when sorted by percentage of people self employed of all the other places in the local area. The place with the highest percentage of people self employed in the area is West Monroe CDP which depicts a percentage self employed of 7.8% (approximately 4.1 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the center range of other places in the greater region at $59,516 of the total. Second, it has the second smallest as measured by median income for those under 25 years of age of all the other places in the metropolitan area as measured by median income-25 to 44 years at $52,500 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $54,886 of the total and is ranked #2. The only larger place being Estral Beach with $55,000.

Figure 9 breaks down the source of income and Woodland Beach CDP has the largest proportion of investment and retirement income at 15.0% 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 33.1% which is the second most households with retirement income of all the places in the greater Woodland Beach CDP region. The place with the highest households with retirement income in the area is Estral Beach which depicts a households with retirement income of 33.5% ( only slightly 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 metropolitan area at $62,875 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Woodland Beach CDP depicts it has the hightest cost of 129.5 for the cost of utilities group.

Woodland Beach 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 Pandemic the monthly unemployment rate went from 9.3% to 2.9% in March 2020. This represents a decrease in the monthly unemployment rate of 68.8%. Since that time, the monthly unemployment rate has gone to 3.0% This represents an increase in the monthly unemployment rate of 3.4%. 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 shows that from January 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 15,169 to 17,284 in March 2020. This represents an increase in the monthly labor force participation of 13.9%. Since that time, the monthly labor force participation has gone to 16,798 This represents a decrease in the monthly labor force participation of 2.8%.

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 Woodland Beach CDP depicts it has a Unemployment Rate of 2.6% which is less than most other places in the surrounding region. The place with the highest unemployment rate in the area is West Monroe CDP which depicts a rate of 6.8% (approximately 2.6 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Woodland Beach CDP shows it has a Labor Force Participation of 47.9% 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). Woodland Beach CDP has the largest proportion of unemployed at 52.1% 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. Woodland Beach CDP shows full time employees approximately 3.3 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 Woodland Beach CDP area. Woodland Beach CDP depicts it has a Single Earner Families of 32.9% which is in the mid point range of other places in the metropolitan area. The place with the highest families with a single earner in the area is Detroit Beach CDP which depicts a single earners rate of 42.3% (28.6% larger). The percentage of families with no one working is depicted in Figure 22. Woodland Beach CDP shows it has a Families with No One Working of 28.8% which is the largest of all places in the greater Woodland Beach CDP region.

Woodland Beach CDP Michigan Poverty Charts

The next section details economy analysis about poverty for residents of the Woodland Beach 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. Woodland Beach CDP depicts it has a Total In Poverty of 663 which is the third most total people earning less than the poverty level of all other places in the greater Woodland Beach CDP region. The place with the highest total people earning less than the poverty level in the area is Monroe which shows a total people earning less than the poverty level of 3,819 ( appreciably 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 CDP shows it has a Percent of Population In Poverty of 29.1% which is the most of all places in the greater Woodland Beach CDP region.

In Figure 25 people who are in poverty are broken out by age group. Woodland Beach CDP has one of the largest proportions of person in poverty under 12 years at 18% of the total and is ranked #2. The only larger place being Stony Point CDP with 27%. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 26% of the total and is ranked #2. The only larger place being West Monroe CDP with 28%. Third, it has the second smallest as measured by person in poverty under 12 years of all the other places in the metro area when sorted by person in poverty 35 to 54 years at 6% of the total. Also, it has less than most other places in the local area as measured by person in poverty 55 to 64 years at 5% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Woodland Beach CDP has the percentage of married with children and in poverty less than most other places in the metro area at 45% of the total. Second, it has one of the largest proportions of unmarried with children and in poverty at 70% of the total and is ranked #3. Only #2 West Monroe CDP (86%), and #1 Detroit Beach CDP (100%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Woodland Beach CDP has the largest proportion of less than highschool in poverty at 25% of the total and is ranked #1. Second, it has the largest proportion of highschool graduate and in poverty at 19% 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. Woodland Beach CDP has one of the largest proportions of people who are in poverty and unemployed at 27.8% of the total and is ranked #2. The only larger place being Stony Point CDP with 30.9%. 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.) Woodland Beach CDP depicts it has a Public Assistance Percent of 12.0% which is less than most other places in the local area. The place with the highest households with public assistance in the area is Monroe which depicts a households with public assistance of 22.2% (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 CDP shows it has a Gini Index of 38.5% which is the third most the gini index of all other places in the greater Woodland Beach CDP region.

Woodland Beach 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 Woodland Beach 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.) Woodland Beach CDP has the largest proportion of people who take public transportation to work at 6% 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 Woodland Beach CDP or elsewhere.) Woodland Beach CDP has the smallest proportion of people who drove alone at 79% of the total. Second, it 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 CDP has the percentage of people who leave for work between 12am to 5am less than most other places in the area at 6% of the total. Second, it has the smallest proportion of people who leave for work between 5am to 530am at 4% of the total. Third, it has the smallest proportion of people who leave for work between 630 am to 7am at 7% of the total. Also, it has the largest proportion of people who leave for work between 730 am to 8am at 12% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 830 am to 9am at 2% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Woodland Beach CDP has the percentage of people with commute time of less than 5 minutesutes less than most other places in the metro area at 4% of the total. Second, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 20% of the total and is ranked #2. The only larger place being South Monroe CDP with 20%. Third, it has the smallest proportion of people with commute time between 15 to 19 minutes at 5% of the total. Also, it has the smallest proportion of people with commute time between 25 to 29 minutes at 3% of the total. In addition, it has the smallest proportion of people with commute time between 35 to 39 minutes at 0% of the total. Furthermore, it has the largest proportion of people with commute time between 45 to 59 minutes at 10% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 60 to 89 minutes at 4% of the total and is ranked #1.

The average commute time is shown in Figure 37. Woodland Beach CDP shows it has a Avg Commute Time of 30 which is the third most average commute time of all other places in the greater Woodland Beach CDP region. Figure 38 shows the difference between male versus female commuting time. Woodland Beach CDP depicts average commute time in minutes for men approximately 2.6 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Woodland Beach CDP has one of the largest proportions of no vehicle available at 22% of the total and is ranked #3. Only #2 Monroe (22%), and #1 South Monroe CDP (25%) are larger. Second, it has one of the largest proportions of 1 vehicle available at 50% of the total and is ranked #2. The only larger place being West Monroe CDP with 55%. Third, it has less than most other places in the local area as measured by 3 vehicles available at 5% of the total.

Woodland Beach 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. Woodland Beach CDP depicts it has the hightest median earnings of $52,014 for the earnings-natural resources, construction, maintenance occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Woodland Beach CDP depicts it has the hightest median earnings of $37,132 for the management, business, and financial occupations classification. The table in Figure 48, shows Woodland Beach CDP employment data in terms of job categories and salary data.