Goodridge township Minnesota Income Charts

This section shows the Goodridge 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, Goodridge township shows it has a median earnings per worker of $27,083 which is the smallest in order of 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 Plummer which depicts a median earnings of $41,346 (52.7% larger). Comparing median earnings per worker to the United States average of $47,712, Goodridge township is approximately half the size. Also, measured against the state of Minnesota, median earnings per worker of $51,758, Goodridge township is approximately half 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 $86,875 which is at the top of all other places in the greater Goodridge township region. Comparing median household income to the United States average of $60,293, Goodridge township is 44.1% larger. Also, benchmarked against the state of Minnesota, median household income of $68,411, Goodridge township is 27.0% larger.

The next section examines a variety of different income statistics for the Goodridge township metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings of $100,000 more at 23.8% 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 40.8 which is the largest of all places in the greater Goodridge township region. 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 $12.77 which is the smallest in order of average hourly earnings of all the other places in the area. The city with the highest average hourly earnings in the area is Plummer which shows an average hourly earnings of $20.08 (57.3% larger). Comparing average hourly earnings to the United States average of $23.71, Goodridge township is approximately half the size. Also, benchmarked against the state of Minnesota, average hourly earnings of $25.99, Goodridge township is approximately half the size.

Figure 7 examines the number of self employed people in the Goodridge township metro area based on the number of people who reported any self employment income. Goodridge township shows it has a percentage of people self employed of 16.0% which is the second most people self employed of all the places in the greater Goodridge township region. The city with the highest percentage of people self employed in the area is Oklee which shows a percentage self employed of 19.0% (19.0% larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-45 to 64 years at $123,750 of the total and is ranked #1.

Figure 9 breaks down the source of income and Goodridge township has the largest proportion of income from wages at 97.1% of the total and is ranked #1. Second, it has the smallest proportion of social security at 2.9% 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 4.0% which is the second smallest as measured by households with retirement income of all the other places in the metro area. The city with the highest households with retirement income in the area is Holt which shows a households with retirement income of 29.0% ( appreciably 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 $123,125 of the total and is ranked #1. Second, it has the largest proportion of white family income at $123,125 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. Goodridge township shows it has the hightest cost of 117.2 for the cost of utilities category.

Goodridge 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 Coronavirus Pandemic the monthly unemployment rate went from 3.5% to 1.8% in December 2019. This represents a decrease in the monthly unemployment rate of 48.6%. Since that time, the monthly unemployment rate has gone to 1.8% 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 depicts that from January 2010 to before the disasterous Covid-19 virus Pandemic the monthly labor force participation went from 30,685 to 30,999 in November 2019. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 30,999 This represents an increase in the monthly labor force participation of very little. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Goodridge township shows it has a participation rate of 62.7% which is the second smallest in terms of participation rate of all the 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). Goodridge township has one of the largest proportions of not in labor force at 37.3% of the total and is ranked #2. The only larger city being Oklee with 37.4%.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Goodridge township shows full time employees markedly 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 Goodridge township area. Goodridge township depicts it has a families with a single earner of 28.6% which is the second most of all the places in the metro area. The city with the highest families with a single earner in the area is Grygla which depicts a single earners rate of 44.7% (56.6% larger).

Goodridge township Minnesota Poverty Charts

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Goodridge township shows it has a the gini index of 37.7% which is in the middle range of other places in the local area.

Goodridge township 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 Goodridge township 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.) Goodridge township has the largest proportion of people who work at home at 14% 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 Goodridge township or elsewhere.) Goodridge township has the largest proportion of people who work at home at 14% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Goodridge township has the percentage of people who leave for work between 12am to 5am less than most other places in the local area at 8% of the total. Second, it has the largest proportion of people who leave for work between 530 am to 6am at 22% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 6am to 630am at 25% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 730 am to 8am at 11% of the total. In addition, it has the largest proportion of people who leave for work between 830 am to 9am at 17% 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. Goodridge 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 surrounding region at 6% 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 Grygla (21%), and #1 Thief River Falls (48%) are larger. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 31% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 35 to 39 minutes at 11% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time of 90 or more minutesutes at 8% of the total and is ranked #1.

The average commute time is shown in Figure 37. Goodridge township shows it has an average commute time of 32 which is the highest of all places in the local area. Figure 38 shows the difference between male versus female commuting time. Goodridge township depicts average commute time in minutes for men approximately a fifth the size as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Goodridge township has the percentage of 1 vehicle available the second smallest as measured by no vehicle available of all the other places in the local area at 12% of the total. Second, it has the second smallest when sorted by no vehicle available of all the other places in the metro area when sorted by 2 vehicles available at 14% of the total. Third, it has the largest proportion of 5 or more vehicles available at 74% of the total and is ranked #1.

Goodridge township Minnesota Jobs Charts

The table in Figure 48, shows Goodridge township employment data in terms of job categories and salary data.

Goodridge 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. Goodridge township shows it has the hightest entrepreneurs of 100% 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. Goodridge township shows it has the hightest entrepreneurs of 100% for the self employed in agriculture, forestry, fishing and hunting, and mining classification.