Grey Eagle Minnesota Income Charts

This section shows the Grey Eagle Minnesota economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Grey Eagle shows it has a Median earnings of $41,875 which is in the mid range of other places in the metropolitan area. The city with the highest median earnings per worker in the area is Freeport which shows a median earnings of $44,881 (7.2% larger). Comparing median earnings per worker to the United States average of $49,041, Grey Eagle is about 17.1% smaller. Also, in comparison with the state of Minnesota, median earnings per worker of $52,993, Grey Eagle 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 $36,167 which is the smallest as measured by median household income of all the other places in the greater region. The city with the highest median household income in the area is Freeport which shows a median income of $65,000 (79.7% larger). Comparing median household income to the United States average of $62,843, Grey Eagle is approximately half the size. Also, measured against the state of Minnesota, median household income of $71,306, Grey Eagle is approximately half the size.

The next section examines a variety of different income statistics for the Grey Eagle metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 9.0% of the total and is ranked #2. The only larger city being Upsala with 16.5%. Second, it has the second smallest in order of median earnings of less than $10,000 of all the other places in the area as measured by earnings between $10,000 and $14,999 at 3.0% of the total. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 26.1% of the total. Also, it has the largest proportion of earnings between $50,000 and $74,999 at 9.7% 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 41.3 which is the second most average hours of all the places in the greater Grey Eagle region. The city with the highest average hours in the area is Freeport which shows an average hours of 41.9 ( 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 $19.50 which is less than most other places in the local area. The city with the highest average hourly earnings in the area is Melrose which depicts an average hourly earnings of $21.72 (11.4% larger). Comparing average hourly earnings to the United States average of $24.31, Grey Eagle is about 24.7% smaller. Also, in comparison with the state of Minnesota, average hourly earnings of $26.61, Grey Eagle is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Grey Eagle metro area based on the number of people who reported any self employment income. Grey Eagle depicts it has a Self Employed of 18.1% which is the largest of all places in the greater Grey Eagle region.

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-25 to 44 years the second smallest when ranked by median income for those under 25 years of age of all the other places in the local area at $58,333 of the total. Second, it has one of the largest proportions of median income-45 to 64 years at $31,458 of the total and is ranked #2. The only larger city being Burtrum with $32,500.

Figure 9 breaks down the source of income and Grey Eagle has the largest proportion of investment and retirement income at 18.7% of the total and is ranked #1. Second, it has the largest proportion of social security at 2.4% 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 20.8% which is in the center range of other places in the metro area. The city with the highest households with retirement income in the area is Burtrum which depicts a households with retirement income of 29.2% (40.0% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income less than most other places in the local area at $54,375 of the total.

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

Grey Eagle 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 Wuhan 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 depicts that from February 2010 to before the disasterous Covid-19 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 Grey Eagle shows it has a Unemployment Rate of 4.3% which is at the top of all other places in the greater Grey Eagle region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Grey Eagle depicts it has a Labor Force Participation of 54.2% which is the smallest as measured by participation rate of all the 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). Grey Eagle has the largest proportion of employed at 4.3% of the total and is ranked #1. Second, it has the largest proportion of unemployed at 45.8% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Grey Eagle depicts full time employees substantially 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 Grey Eagle area. Grey Eagle depicts it has a Single Earner Families of 25.4% which is the second most families with a single earner of all the places in the greater Grey Eagle region. The city with the highest families with a single earner in the area is Sauk Centre which shows a single earners rate of 27.8% (9.5% larger). The percentage of families with no one working is depicted in Figure 22. Grey Eagle shows it has a Families with No One Working of 34.9% which is the highest of all places in the greater Grey Eagle region.

Grey Eagle Minnesota Poverty Charts

The next section details economy analysis about poverty for residents of the Grey Eagle 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. Grey Eagle depicts it has a Total In Poverty of 24 which is the second smallest in order of total people earning less than the poverty level of all the other places in the surrounding region. The city with the highest total people earning less than the poverty level in the area is Sauk Centre which depicts 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. Grey Eagle depicts it has a Percent of Population In Poverty of 7.8% which is less than most other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Upsala which depicts a percent of people in poverty of 19.0% (approximately 2.4 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Grey Eagle has the percentage of person in poverty 18 to 34 years the second smallest when ranked by person in poverty under 12 years of all the other places in the local area at 12% of the total. Second, it has the largest proportion of person in poverty 55 to 64 years at 62% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Grey Eagle has the percentage of married with children and in poverty the second smallest as measured by married with children and in poverty of all the other places in the surrounding region at 4% of the total. Second, it has one of the largest proportions of unmarried female with children and in poverty at 4% of the total and is ranked #3. Only #2 Freeport (96%), and #1 Burtrum (100%) are larger. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Grey Eagle has the percentage of people who are in poverty and unemployed less than most other places in the surrounding region at 4.2% 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.) Grey Eagle depicts it has a Public Assistance Percent of 16.0% which is more than all other places in the greater Grey Eagle region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Grey Eagle depicts it has a Gini Index of 43.3% which is the second most the gini index of all the places in the greater Grey Eagle region.

Grey Eagle 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 Grey Eagle 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.) Grey Eagle has the largest proportion of people who bicycle or walk to work at 11% 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 Grey Eagle or elsewhere.) Grey Eagle has the smallest proportion of people who carpooled at 2% of the total. Second, it has the largest proportion of people who work from home at 11% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Grey Eagle has one of the largest proportions of people who leave for work between 12am to 5am at 10% of the total and is ranked #3. Only #2 Burtrum (10%), and #1 Sauk Centre (12%) are larger. Second, it has the largest proportion of people who leave for work between 5am to 530am at 12% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 630 am to 7am at 2% of the total. Also, it has the largest proportion of people who leave for work between 830 am to 9am at 5% 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. Grey Eagle has one of the largest proportions of people with commute time of less than 5 minutesutes at 18% of the total and is ranked #3. Only #2 Melrose (24%), and #1 Sauk Centre (29%) are larger. Second, it has the second smallest in order of people with commute time of less than 5 minutes of all the other places in the area when ranked by people with commute time between 5 to 9 minutes at 6% of the total. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 26% of the total and is ranked #1.

The average commute time is shown in Figure 37. Grey Eagle shows it has a Avg Commute Time of 25 which is in the center range of other places in the surrounding region. Figure 38 shows the difference between male versus female commuting time. Grey Eagle shows average commute time in minutes for men approximately 4.1 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Grey Eagle has one of the largest proportions of 1 vehicle available at 44% of the total and is ranked #3. Only #2 Freeport (46%), and #1 Sauk Centre (56%) are larger. Second, it has the second smallest as measured by no vehicle available of all the other places in the local area in order of 2 vehicles available at 21% of the total. Third, it has in the center range of other places in the local area when sorted by 3 vehicles available at 9% of the total. Also, it has the largest proportion of 4 vehicles available at 14% 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.) Grey Eagle shows it has a Work in city or place where live of 34% which is the third most people who both work and live in the same city of all other places in the greater Grey Eagle region. The city with the highest people who both work and live in the same city in the area is Sauk Centre which depicts a people who both work and live in the same city of 55% (60.6% larger). Comparing people who both work and live in the same city to the United States average of 42%, Grey Eagle is about 22.3% smaller. Also, compared with the state of Minnesota, people who both work and live in the same city of 34%, Grey Eagle is about the same size.

Grey Eagle 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. Grey Eagle shows it has the hightest median earnings of $58,125 for the earnings-production, transportation, material moving occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Grey Eagle depicts it has the hightest median earnings of $76,250 for the management, business, and financial occupations aggregate. The table in Figure 48, shows Grey Eagle employment data in terms of job categories and salary data.

Grey Eagle Minnesota Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. Grey Eagle depicts it has a Self Employment Income of $17,512 which is less than most other places in the greater region. The city with the highest average annual self employment income in the area is Freeport which indicates an average annual self employment income of $42,939 (approximately 2.5 times bigger). Comparing average annual self employment income to the United States average of $39,154, Grey Eagle is approximately half the size. Also, benchmarked against the state of Minnesota, average annual self employment income of $36,330, Grey Eagle is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Grey Eagle shows total number of self-employed men approximately 2.8 times bigger as the total number of self-employed women.