Carsonville township Minnesota Income Charts

This section shows the Carsonville township Minnesota economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Carsonville township depicts it has a Median earnings of $58,750 which is the largest of all places in the greater Carsonville township region. Comparing median earnings per worker to the United States average of $50,459, Carsonville township is 16.4% larger. Also, in comparison with the state of Minnesota, median earnings per worker of $54,146, Carsonville township is 8.5% 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 $67,750 which is the most of all places in the greater Carsonville township region. Comparing median household income to the United States average of $64,994, Carsonville township is only about 4.2% larger. Also, in comparison with the state of Minnesota, median household income of $73,382, Carsonville township is about 8.3% smaller.

The next section examines a variety of different income statistics for the Carsonville township metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 17.3% 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 a Avg Hours Worked of 40.0 which is the second most of all the places in the area. The city with the highest average hours in the area is Frazee which depicts an average hours of 40.4 ( only slightly 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 $28.25 which is ranked #1 of all places in the greater Carsonville township region. Comparing average hourly earnings to the United States average of $25.01, Carsonville township is 12.9% larger. Also, compared with the state of Minnesota, average hourly earnings of $27.19, Carsonville township is only about 3.9% larger.

Figure 7 examines the number of self employed people in the Carsonville township metro area based on the number of people who reported any self employment income. Carsonville township shows it has a Self Employed of 18.9% which is the second most of all the places in the surrounding region. The city with the highest percentage of people self employed in the area is Pine Point CDP which depicts a percentage self employed of 30.0% (58.3% larger).

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 $90,000 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $75,000 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $48,750 of the total and is ranked #2. The only larger city being Osage CDP with $63,750.

Figure 9 breaks down the source of income and Carsonville township has the largest proportion of income from wages at 7.9% of the total and is ranked #1. Second, it has the smallest proportion of investment and retirement income at 9.1% of the total.

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 36.8% which is at the top of all other places in the surrounding 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 $88,750 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. Carsonville township indicates it has the hightest cost of 117.2 for the cost of utilities category.

Carsonville township 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 shows that from January 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 4.9% to 4.0% in March 2020. This represents a decrease in the monthly unemployment rate of 18.4%. Since that time, the monthly unemployment rate has gone to 2.0% This represents a decrease in the monthly unemployment rate of 50.0%. 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 21,543 to 25,274 in March 2020. This represents an increase in the monthly labor force participation of 17.3%. Since that time, the monthly labor force participation has gone to 25,490 This represents an increase in the monthly labor force participation of very little.

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 Carsonville township shows it has a Unemployment Rate of 1.9% which is the smallest in order of unemployment rate of all the other places in the surrounding region. The city with the highest unemployment rate in the area is Pine Point CDP which shows a rate of 12.5% ( substantially bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Carsonville township depicts it has a Labor Force Participation of 69.8% which is at the top of all other places in the surrounding region.

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). Carsonville township has the smallest proportion of employed at 1.9% of the total. Second, it has the smallest proportion of unemployed at 30.2% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Carsonville township depicts full time employees very much 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 Carsonville township area. Carsonville township depicts it has a Single Earner Families of 12.9% which is the smallest in terms of families with a single earner of all the other places in the area. The city with the highest families with a single earner in the area is Pine Point CDP which shows a single earners rate of 68.8% ( considerably bigger). The percentage of families with no one working is depicted in Figure 22. Carsonville township depicts it has a Families with No One Working of 19.4% which is less than most other places in the local area. The city with the highest families with no one working in the area is Elbow Lake CDP which depicts a families with no worker of 60.0% (approximately 3.1 times bigger).

Carsonville township Minnesota Poverty Charts

The next section details economy analysis about poverty for residents of the Carsonville township 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. Carsonville township shows it has a Total In Poverty of 7 which is the smallest when ranked by total people earning less than the poverty level of all the other places in the local area. The city with the highest total people earning less than the poverty level in the area is Park Rapids which depicts a total people earning less than the poverty level of 890 ( quite a bit bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Carsonville township shows it has a Percent of Population In Poverty of 2.8% which is the 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 Pine Point CDP which shows a percent of people in poverty of 59.1% ( markedly bigger).

In Figure 25 people who are in poverty are broken out by age group. Carsonville township has the largest proportion of person in poverty 35 to 54 years at 71% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Carsonville township has the smallest proportion of less than highschool in poverty at 4% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 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.) Carsonville township shows it has a Public Assistance Percent of 7.4% which is the smallest in order of households with public assistance of all the other places in the surrounding region. The city with the highest households with public assistance in the area is Elbow Lake CDP which shows a households with public assistance of 51.7% ( markedly bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Carsonville township depicts it has a Gini Index of 30.3% which is the smallest when sorted by the gini index of all the other places in the local area.

Carsonville township Minnesota Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Carsonville township or elsewhere.) Carsonville township has the largest proportion of people who drove alone at 86% of the total and is ranked #1. Second, it has the second smallest in order of people who drove alone of all the other places in the metro area when sorted by people who carpooled at 1% of the total. Third, it has the largest proportion of people who took a taxicab, motorcycle or other at 4% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Carsonville township has one of the largest proportions of people who leave for work between 12am to 5am at 2% of the total and is ranked #3. Only #2 Menahga (5%), and #1 Elbow Lake CDP (13%) are larger. Second, it has the largest proportion of people who leave for work between 5am to 530am at 26% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 10% of the total. Also, it has the largest proportion of people who leave for work between 9am to 10am at 20% 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. Carsonville township has the percentage of people with commute time of less than 5 minutesutes the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the greater region at 2% of the total. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 20% of the total and is ranked #1. Third, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the local area when ranked by people with commute time between 10 to 14 minutes at 1% of the total. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 22% of the total and is ranked #1.

The average commute time is shown in Figure 37. Carsonville township depicts it has a Avg Commute Time of 33 which is the highest of all places in the surrounding region. Figure 38 shows the difference between male versus female commuting time. Carsonville township shows average commute time in minutes for men 46.9% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Carsonville township has the smallest proportion of no vehicle available at 8% of the total. Second, it has the smallest proportion of 1 vehicle available at 26% of the total. Third, it has the second smallest when sorted by no vehicle available of all the other places in the metro area as measured by 2 vehicles available at 9% of the total. Also, it has the largest proportion of 4 vehicles available at 51% of the total and is ranked #1.

Carsonville township 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. Carsonville township depicts it has the hightest median earnings of $76,250 for the earnings-natural resources, construction, maintenance occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Carsonville township shows it has the hightest median earnings of $50,625 for the earnings-education, legal, community service, arts, media occupations group. The table in Figure 48, shows Carsonville township employment data in terms of job categories and salary data.

Carsonville township 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. Carsonville township shows it has the hightest entrepreneurs of 77% for the self employed management, business, science, and arts businesses group.

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. Carsonville township shows it has the hightest entrepreneurs of 54% for the self employed in finance, insurance, real estate, rental and leasing grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Carsonville township shows it has a Self Employment Income of $29,944 which is the second most average annual self employment income of all the places in the greater Carsonville township region. The city with the highest average annual self employment income in the area is Osage CDP which depicts an average annual self employment income of $38,964 (30.1% larger). Comparing average annual self employment income to the United States average of $40,101, Carsonville township is approximately three-fourths the size. Also, compared to the state of Minnesota, average annual self employment income of $37,348, Carsonville township is about 24.7% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Carsonville township shows total number of self-employed men about twice as large as the total number of self-employed women.