Eagle Bend Minnesota Income Charts

This section shows the Eagle Bend Minnesota economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Eagle Bend depicts it has a Median earnings of $35,703 which is the second smallest when ranked by median earnings per worker of all the other places in the metro area. The city with the highest median earnings per worker in the area is Aldrich which depicts a median earnings of $45,625 (27.8% larger). Comparing median earnings per worker to the United States average of $49,041, Eagle Bend is approximately three-fourths the size. Also, in comparison with the state of Minnesota, median earnings per worker of $52,993, Eagle Bend 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 $37,159 which is the smallest when sorted by median household income of all the other places in the surrounding region. The city with the highest median household income in the area is Bertha which depicts a median income of $51,406 (38.3% larger). Comparing median household income to the United States average of $62,843, Eagle Bend is approximately three-fourths the size. Also, in comparison with the state of Minnesota, median household income of $71,306, Eagle Bend is approximately half the size.

The next section examines a variety of different income statistics for the Eagle Bend metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 2.4% of the total. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 53.4% of the total and is ranked #1. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 3.2% 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 39.1 which is the third most of all other places in the metropolitan area. The city with the highest average hours in the area is Long Prairie which depicts an average hours of 42.2 (7.9% 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 $17.56 which is the second smallest in terms of average hourly earnings of all the other places in the greater region. The city with the highest average hourly earnings in the area is Aldrich which indicates an average hourly earnings of $22.73 (29.4% larger). Comparing average hourly earnings to the United States average of $24.31, Eagle Bend is approximately three-fourths the size. Also, compared to the state of Minnesota, average hourly earnings of $26.61, Eagle Bend is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Eagle Bend metro area based on the number of people who reported any self employment income. Eagle Bend depicts it has a Self Employed of 8.2% which is in the center range of other places in the greater region. The city with the highest percentage of people self employed in the area is Clarissa which depicts a percentage self employed of 17.0% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $61,250 of the total and is ranked #2. The only larger city being Bertha with $66,250. Second, it has the smallest proportion of median income-25 to 44 years at $37,917 of the total. Third, it has the second smallest as measured by median income for those under 25 years of age of all the other places in the metro area when ranked by median income-45 to 64 years at $19,531 of the total.

Figure 9 breaks down the source of income and Eagle Bend has the largest proportion of income from wages at 9.7% of the total and is ranked #1. Second, it has the largest proportion of self employment income at 14.6% 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 16.7% which is the second smallest in terms of households with retirement income of all the other places in the greater region. The city with the highest households with retirement income in the area is Browerville which shows a households with retirement income of 27.1% (61.9% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $60,313 of the total and is ranked #3. Only #2 Clarissa ($61,250), and #1 Bertha ($65,227) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Eagle Bend shows it has the hightest cost of 117.2 for the cost of utilities classification.

Eagle Bend 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 disasterous Coronavirus Pandemic the monthly unemployment rate went from 8.7% to 3.7% in February 2020. This represents a decrease in the monthly unemployment rate of 57.5%. Since that time, the monthly unemployment rate has gone to 5.4% This represents an increase in the monthly unemployment rate of 45.9%. 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 February 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 35,906 to 37,176 in February 2020. This represents an increase in the monthly labor force participation of 3.5%. Since that time, the monthly labor force participation has gone to 37,513 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 Eagle Bend depicts it has a Unemployment Rate of 0.9% which is the smallest when sorted by unemployment rate of all the other places in the greater region. The city with the highest unemployment rate in the area is Aldrich which shows a rate of 4.4% (approximately 4.8 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Eagle Bend indicates it has a Labor Force Participation of 55.7% which is in the mid range of 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). Eagle Bend has the smallest proportion of employed at 0.9% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Eagle Bend shows full time employees approximately 4.3 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 Eagle Bend area. Eagle Bend shows it has a Single Earner Families of 27.9% which is less than most other places in the greater region. The city with the highest families with a single earner in the area is Aldrich which depicts a single earners rate of 58.3% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Eagle Bend depicts it has a Families with No One Working of 15.3% 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 Long Prairie which shows a families with no worker of 27.7% (about twice as large).

Eagle Bend Minnesota Poverty Charts

The next section details economy analysis about poverty for residents of the Eagle Bend 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. Eagle Bend depicts it has a Total In Poverty of 66 which is in the center range of other places in the area. The city with the highest total people earning less than the poverty level in the area is Long Prairie which shows a total people earning less than the poverty level of 377 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Eagle Bend shows it has a Percent of Population In Poverty of 12.7% which is the third most percent of people earning less than the poverty level of all other places in the greater Eagle Bend region. The city with the highest percent of people earning less than the poverty level in the area is Clarissa which depicts a percent of people in poverty of 15.9% (25.1% larger).

In Figure 25 people who are in poverty are broken out by age group. Eagle Bend has the percentage of person in poverty 12 to 17 years less than most other places in the local area at 12% of the total. Second, it has the second smallest in terms of person in poverty under 12 years of all the other places in the surrounding region when ranked by person in poverty 18 to 34 years at 11% of the total. Third, it has one of the largest proportions of person in poverty 35 to 54 years at 18% of the total and is ranked #2. The only larger city being Long Prairie with 22%. Also, it has one of the largest proportions of person in poverty 55 to 64 years at 23% of the total and is ranked #2. The only larger city being Clarissa with 25%.

Figure 27 shows key poverty statistics for groups based on marriage status. Eagle Bend has the largest proportion of married with children and in poverty at 73% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 69% of the total and is ranked #1. Third, it has the largest proportion of unmarried female with children and in poverty at 100% 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. Eagle Bend has the percentage of less than highschool in poverty the second smallest in order of less than highschool in poverty of all the other places in the metro area at 7% 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.) Eagle Bend depicts it has a Public Assistance Percent of 13.8% which is the second most households with public assistance of all the places in the greater Eagle Bend region. The city with the highest households with public assistance in the area is Browerville which depicts a households with public assistance of 23.2% (68.8% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Eagle Bend depicts it has a Gini Index of 45.7% which is the second most the gini index of all the places in the greater Eagle Bend region.

Eagle Bend Minnesota Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Eagle Bend has the percentage of people who leave for work between 12am to 5am less than most other places in the greater region at 4% of the total. Second, it has the largest proportion of people who leave for work between 5am to 530am at 9% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 6am to 630am at 4% of the total. Also, it has the largest proportion of people who leave for work between 730 am to 8am at 13% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 9am to 10am at 4% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who leave for work between 12noon to 4pm at 7% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Eagle Bend has the percentage of people with commute time of less than 5 minutesutes less than most other places in the greater region at 14% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 11% of the total and is ranked #3. Only #2 Long Prairie (13%), and #1 Browerville (15%) are larger. 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 10 to 14 minutes at 7% of the total. Also, it has the largest proportion of people with commute time between 20 to 24 minutes at 19% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 25 to 29 minutes at 14% of the total and is ranked #1.

The average commute time is shown in Figure 37. Eagle Bend depicts it has a Avg Commute Time of 21 which is less than most other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Eagle Bend depicts average commute time in minutes for men 44.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Eagle Bend has the percentage of no vehicle available less than most other places in the local area at 13% of the total. Second, it has the largest proportion of 4 vehicles available at 12% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Eagle Bend shows it has a Work in city or place where live of 27% which is the third most of all other places in the greater region. The city with the highest people who both work and live in the same city in the area is Long Prairie which depicts a people who both work and live in the same city of 61% (approximately 2.3 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Eagle Bend is approximately three-fourths the size. Also, compared to the state of Minnesota, people who both work and live in the same city of 34%, Eagle Bend is approximately three-fourths the size.

Eagle Bend 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. Eagle Bend depicts it has the hightest median earnings of $52,188 for the earnings-sales and office occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Eagle Bend shows it has the hightest median earnings of $250,001 for the earnings-healthcare practitioners and tech occupations category. The table in Figure 48, shows Eagle Bend employment data in terms of job categories and salary data.

Eagle Bend 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. Eagle Bend depicts it has the hightest entrepreneurs of 75% for the self employed in service businesses category.

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. Eagle Bend depicts it has the hightest entrepreneurs of 100% for the self employed in retail trade aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Eagle Bend shows it has a Self Employment Income of $65,995 which is the highest of all places in the greater region. Comparing average annual self employment income to the United States average of $39,154, Eagle Bend is 68.6% larger. Also, measured against the state of Minnesota, average annual self employment income of $36,330, Eagle Bend is about twice as large.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Eagle Bend depicts total number of self-employed men 60.0% larger as the total number of self-employed women.