Carsonville township Minnesota Income Charts

This section shows the Carsonville township Minnesota economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Carsonville township shows it has a median earnings per worker of $40,625 which is the second most of all the places in the local area. The city with the highest median earnings per worker in the area is Menahga which shows a median earnings of $44,792 (10.3% larger). Comparing median earnings per worker to the United States average of $47,712, Carsonville township is about 17.4% smaller. Also, measured against the state of Minnesota, median earnings per worker of $51,758, Carsonville township 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 $64,375 which is ranked #1 of all places in the metro area. Comparing median household income to the United States average of $60,293, Carsonville township is 6.8% larger. Also, in contrast to the state of Minnesota, median household income of $68,411, Carsonville township is about 6.3% smaller.

The next section examines a variety of different income statistics for the Carsonville township metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 15.0% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 4.0% of the total. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 10.0% of the total and is ranked #1. Also, it has the largest proportion of earnings of $100,000 more at 8.0% 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 an average hours of 41.8 which is the largest of all places in the local area. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $18.69 which is in the mid range of other places in the metro area. The city with the highest average hourly earnings in the area is Menahga which shows an average hourly earnings of $22.14 (18.5% larger). Comparing average hourly earnings to the United States average of $23.71, Carsonville township is approximately three-fourths the size. Also, compared to the state of Minnesota, average hourly earnings of $25.99, Carsonville township is approximately three-fourths the size.

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 percentage of people self employed of 15.3% which is ranked #1 of all places in the greater Carsonville township region.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-25 to 44 years at $76,250 of the total and is ranked #1. Second, it has one of the largest proportions of median income-45 to 64 years at $58,750 of the total and is ranked #2. The only larger city being Frazee with $60,833. Third, it has the largest proportion of median income-65 years and over at $58,750 of the total and is ranked #1.

Figure 9 breaks down the source of income and Carsonville township has the largest proportion of self employment income at 7.8% of the total and is ranked #1. Second, it has the smallest proportion of social security at 10.1% 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 households with retirement income of 28.2% which is more than all other places in the greater Carsonville township 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 $70,750 of the total and is ranked #1. Second, it has the largest proportion of white family income at $71,000 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 depicts it has the hightest cost of 117.2 for the cost of utilities aggregate.

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 February 2010 to before the disasterous COVID Pandemic the monthly unemployment rate went from 4.6% to 2.1% in December 2019. This represents a decrease in the monthly unemployment rate of 54.3%. Since that time, the monthly unemployment rate has gone to 2.1% This represents an increase in the monthly unemployment rate of very little. 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 Coronavirus Pandemic the monthly labor force participation went from 21,543 to 25,036 in November 2019. This represents an increase in the monthly labor force participation of 16.2%. Since that time, the monthly labor force participation has gone to 25,036 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 an unemployment rate of 3.9% which is the third most unemployment rate of all other places in the greater Carsonville township region. The city with the highest unemployment rate in the area is Pine Point CDP which shows a rate of 15.8% (approximately 4.1 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Carsonville township shows it has a participation rate of 57.1% which is the second most participation rates of all the places in the greater Carsonville township 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 percentage of not in labor force the second smallest as measured by employed of all the other places in the local area at 42.9% 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 families with a single earner of 18.2% which is the second smallest in order of 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 Pine Point CDP which depicts a single earners rate of 73.7% (approximately 4.1 times bigger). The percentage of families with no one working is depicted in Figure 22. Carsonville township shows it has a families with no one working of 18.2% which is in the mid point range of other places in the surrounding region. The city with the highest families with no one working in the area is Osage CDP which depicts a families with no worker of 38.6% (about twice as large).

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 people earning less than the poverty level of 6 which is the smallest when ranked by total people earning less than the poverty level of all the other places in the metro area. The city with the highest total people earning less than the poverty level in the area is Park Rapids which shows a total people earning less than the poverty level of 806 ( substantially 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 depicts it has a percent of people earning less than the poverty level of 3.3% 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 70.6% ( very much 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 55 to 64 years at 100% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Carsonville township has the smallest proportion of white poverty rate at 3% of the total.

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 percentage of highschool graduate and in poverty less than most other places in the area at 11% of the total. Second, it has the smallest proportion of has some college 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 depicts it has a households with public assistance of 9.4% which is the smallest when ranked by households with public assistance of all the other places in the metro area. The city with the highest households with public assistance in the area is Pine Point CDP which indicates a households with public assistance of 89.1% ( 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 the gini index of 30.8% 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 took a taxicab, motorcycle or other at 5% 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 the percentage of people who leave for work between 12am to 5am less than most other places in the local area at 4% of the total. Second, it has one of the largest proportions of people who leave for work between 5am to 530am at 17% of the total and is ranked #2. The only larger city being Elbow Lake CDP with 18%. Third, it has the largest proportion of people who leave for work between 630 am to 7am at 15% of the total and is ranked #1. Also, it has the second smallest when sorted by people who leave for work between 12am to 5am of all the other places in the metro area when sorted by people who leave for work between 12noon to 4pm at 3% of the total.

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 less than most other places in the greater region at 3% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 3% of the total. 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 greater region in order of people with commute time between 15 to 19 minutes at 3% of the total. Also, it has the largest proportion of people with commute time between 20 to 24 minutes at 35% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 35 to 39 minutes at 11% of the total and is ranked #1. Furthermore, it has the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the area as measured by people with commute time between 60 to 89 minutes at 1% of the total. Next it has the largest proportion of people with commute time of 90 or more minutesutes at 7% of the total and is ranked #1.

The average commute time is shown in Figure 37. Carsonville township depicts it has an average commute time of 34 which is the most of all places in the greater Carsonville township region. Figure 38 shows the difference between male versus female commuting time. Carsonville township depicts average commute time in minutes for men 64.6% 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 percentage of 1 vehicle available less than most other places in the local area at 15% of the total. Second, it has the largest proportion of 3 vehicles available at 29% of the total and is ranked #1. Third, it has one of the largest proportions of 4 vehicles available at 11% of the total and is ranked #2. The only larger city being Menahga with 18%.

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 shows it has the hightest median earnings of $98,125 for the management, business, and financial occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Carsonville township shows it has the hightest median earnings of $106,250 for the management, business, and financial occupations aggregate. 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 depicts it has the hightest entrepreneurs of 71% 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 depicts it has the hightest entrepreneurs of 57% for the self employed in manufacturing grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Carsonville township depicts it has an average annual self employment income of $35,023 which is the largest of all places in the greater Carsonville township region. Comparing average annual self employment income to the United States average of $37,819, Carsonville township is about 8.0% smaller. Also, measured against the state of Minnesota, average annual self employment income of $35,396, Carsonville township is about the same size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Carsonville township depicts total number of self-employed men approximately 2.2 times bigger as the total number of self-employed women.