Blue Earth Minnesota Income Charts

This section shows the Blue Earth Minnesota economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Blue Earth shows it has a Median earnings of $42,660 which is in the intermediate range of other places in the local area. The city with the highest median earnings per worker in the area is Easton which shows a median earnings of $51,875 (21.6% larger). Comparing median earnings per worker to the United States average of $53,269, Blue Earth is about 24.9% smaller. Also, in comparison with the state of Minnesota, median earnings per worker of $57,586, Blue Earth is approximately three-fourths the size.

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 $51,533 which is in the center range of other places in the metro area. The city with the highest median household income in the area is Easton which shows a median income of $73,500 (42.6% larger). Comparing median household income to the United States average of $69,021, Blue Earth is approximately three-fourths the size. Also, compared to the state of Minnesota, median household income of $77,706, Blue Earth is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Blue Earth metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 in the middle range of other places in the local area at 9.4% 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 37.7 which is the second smallest in terms of average hours of all the other places in the metro area. The city with the highest average hours in the area is Easton which depicts an average hours of 43.2 (14.6% 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 $21.76 which is the third most average hourly earnings of all other places in the greater Blue Earth region. The city with the highest average hourly earnings in the area is Frost which shows an average hourly earnings of $24.04 (10.5% larger). Comparing average hourly earnings to the United States average of $26.40, Blue Earth is about 21.3% smaller. Also, in comparison with the state of Minnesota, average hourly earnings of $28.99, Blue Earth is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Blue Earth metro area based on the number of people who reported any self employment income. Blue Earth shows it has a Self Employed of 12.0% which is in the mid range of other places in the metropolitan area. The city with the highest percentage of people self employed in the area is Frost which shows a percentage self employed of 22.2% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the greater region at $51,861 of the total. Second, it has less than most other places in the metro area in order of median income-25 to 44 years at $54,113 of the total. Third, it has the second smallest when ranked by median income for those under 25 years of age of all the other places in the local area in terms of median income-45 to 64 years at $40,667 of the total.

Figure 9 breaks down the source of income and Blue Earth has the largest proportion of social security at 1.7% 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 15.1% which is in the middle range of other places in the metro area. The city with the highest households with retirement income in the area is Granada which depicts a households with retirement income of 33.3% (approximately 2.2 times bigger).

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 $83,036 of the total and is ranked #1. Second, it has the largest proportion of hawaiian family income at $30,707 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. Blue Earth depicts it has the hightest cost of 113.5 for the cost of utilities classification.

Blue Earth Minnesota 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 Coronavirus Pandemic the monthly unemployment rate went from 7.1% to 3.0% in February 2020. This represents a decrease in the monthly unemployment rate of 57.7%. Since that time, the monthly unemployment rate has gone to 1.9% This represents a decrease in the monthly unemployment rate of 36.7%. 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 Coronavirus Pandemic the monthly labor force participation went from 24,115 to 26,959 in March 2020. This represents an increase in the monthly labor force participation of 11.8%. Since that time, the monthly labor force participation has gone to 26,010 This represents a decrease in the monthly labor force participation of 3.5%.

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 Blue Earth shows it has a Unemployment Rate of 3.7% which is the third most unemployment rate of all other places in the greater Blue Earth region. The city with the highest unemployment rate in the area is Frost which depicts a rate of 4.2% (12.7% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Blue Earth shows it has a Labor Force Participation of 65.6% which is less than most other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Blue Earth depicts full time employees approximately 2.9 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 Blue Earth area. Blue Earth shows it has a Single Earner Families of 14.9% which is the smallest when sorted by families with a single earner of all the other places in the local area. The city with the highest families with a single earner in the area is Granada which depicts a single earners rate of 31.7% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Blue Earth depicts it has a Families with No One Working of 6.2% which is the smallest when ranked by families with no one working of all the other places in the metro area. The city with the highest families with no one working in the area is Elmore which depicts a families with no worker of 33.9% ( very much bigger).

Blue Earth Minnesota Poverty Charts

The next section details economy analysis about poverty for residents of the Blue Earth 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. Blue Earth depicts it has a Total In Poverty of 358 which is more than all other places in the area.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Blue Earth shows it has a Percent of Population In Poverty of 11.5% which is the second smallest in order of percent of people earning less than the poverty level of all the other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Winnebago which shows a percent of people in poverty of 19.3% (67.1% larger).

In Figure 25 people who are in poverty are broken out by age group. Blue Earth has the percentage of person in poverty 12 to 17 years the second smallest in order of person in poverty under 12 years of all the other places in the metro area at 13% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 28% of the total and is ranked #1. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 18% of the total and is ranked #3. Only #2 Winnebago (25%), and #1 Easton (100%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Blue Earth has one of the largest proportions of unmarried with children and in poverty at 79% of the total and is ranked #2. The only larger city being Delavan with 88%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Blue Earth has one of the largest proportions of people who are in poverty and employed at 9.8% of the total and is ranked #2. The only larger city being Winnebago with 11.5%. 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.) Blue Earth depicts it has a Public Assistance Percent of 10.1% which is in the center range of other places in the local area. The city with the highest households with public assistance in the area is Winnebago which depicts a households with public assistance of 17.7% (74.9% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Blue Earth shows it has a Gini Index of 43.1% which is the second most the gini index of all the places in the greater Blue Earth region.

Blue Earth Minnesota 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 Blue Earth 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.) Blue Earth has the largest proportion of people who bicycle or walk to work at 9% 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 Blue Earth or elsewhere.) Blue Earth has the largest proportion of people who bike at 0% of the total and is ranked #1. Second, it has the largest proportion of people who work from home at 9% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Blue Earth has the percentage of people who leave for work between 12am to 5am less than most other places in the surrounding region at 4% of the total. Second, it has the largest proportion of people who leave for work between 6am to 630am at 18% 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. Blue Earth has the largest proportion of people with commute time of less than 5 minutesutes at 32% of the total and is ranked #1. Second, it has less than most other places in the area when ranked by 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 10 to 14 minutes at 7% of the total. Also, it has the smallest proportion of people with commute time between 35 to 39 minutes at 1% of the total. In addition, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the metro area when sorted by people with commute time between 40 to 44 minutes at 2% of the total.

The average commute time is shown in Figure 37. Blue Earth depicts it has a Avg Commute Time of 10 which is the smallest as measured by average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Blue Earth shows average commute time in minutes for men 7.9% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Blue Earth has one of the largest proportions of no vehicle available at 21% of the total and is ranked #3. Only #2 Elmore (22%), and #1 Winnebago (22%) are larger. Second, it has less than most other places in the greater region when ranked by 4 vehicles available at 0% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Blue Earth depicts it has a Work in city or place where live of 69% which is the largest of all places in the greater Blue Earth region. Comparing people who both work and live in the same city to the United States average of 44%, Blue Earth is 56.0% larger. Also, in comparison with the state of Minnesota, people who both work and live in the same city of 38%, Blue Earth is 79.6% larger.

Blue Earth Minnesota 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. Blue Earth depicts it has the hightest median earnings of $68,750 for the management, business, and financial occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Blue Earth depicts it has the hightest median earnings of $53,036 for the management, business, and financial occupations category. The table in Figure 48, shows Blue Earth employment data in terms of job categories and salary data.

Blue Earth Minnesota 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. Blue Earth depicts it has the hightest entrepreneurs of 48% for the self employed management, business, science, and arts businesses grouping.

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. Blue Earth indicates it has the hightest entrepreneurs of 58% for the self employed in finance, insurance, real estate, rental and leasing aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Blue Earth shows it has a Self Employment Income of $30,288 which is the largest of all places in the greater region. Comparing average annual self employment income to the United States average of $42,141, Blue Earth is approximately three-fourths the size. Also, versus the state of Minnesota, average annual self employment income of $39,413, Blue Earth 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.) Blue Earth shows total number of self-employed men about twice as large as the total number of self-employed women.