Lake St Croix Beach Minnesota Income Charts

This section shows the Lake St Croix Beach Minnesota economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Lake St Croix Beach depicts it has a Median earnings of $54,306 which is the smallest in terms of median earnings per worker of all the other places in the local area. The city with the highest median earnings per worker in the area is Afton which shows a median earnings of $86,049 (58.5% larger). Comparing median earnings per worker to the United States average of $49,041, Lake St Croix Beach is 10.7% larger. Also, benchmarked against the state of Minnesota, median earnings per worker of $52,993, Lake St Croix Beach is only slightly 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 $80,556 which is less than most other places in the metro area. The city with the highest median household income in the area is Afton which shows a median income of $119,511 (48.4% larger). Comparing median household income to the United States average of $62,843, Lake St Croix Beach is 28.2% larger. Also, compared with the state of Minnesota, median household income of $71,306, Lake St Croix Beach is 13.0% larger.

The next section examines a variety of different income statistics for the Lake St Croix Beach metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 9.6% of the total and is ranked #3. Only #2 St Marys Point (10.7%), and #1 Lakeland Shores (14.6%) are larger. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 8.9% of the total and is ranked #1. Third, it has one of the largest proportions of earnings between $15,000 and $19,999 at 30.0% of the total and is ranked #2. The only larger city being St Marys Point with 32.7%. Also, it has the smallest proportion of earnings between $75,000 and $99,999 at 8.0% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.6 which is in the center range of other places in the local area. The city with the highest average hours in the area is St Marys Point which shows an average hours of 39.8 (only about 3.1% 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 $27.06 which is the second smallest when ranked by average hourly earnings of all the other places in the local area. The city with the highest average hourly earnings in the area is Afton which depicts an average hourly earnings of $44.72 (65.3% larger). Comparing average hourly earnings to the United States average of $24.31, Lake St Croix Beach is 11.3% larger. Also, measured against the state of Minnesota, average hourly earnings of $26.61, Lake St Croix Beach is only slightly larger.

Figure 7 examines the number of self employed people in the Lake St Croix Beach metro area based on the number of people who reported any self employment income. Lake St Croix Beach shows it has a Self Employed of 11.4% which is the second smallest in terms of percentage of people self employed of all the other places in the metro area. The city with the highest percentage of people self employed in the area is Afton which depicts a percentage self employed of 21.9% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the area at $81,667 of the total. Second, it has less than most other places in the metro area in terms of median income-25 to 44 years at $95,809 of the total. Third, it has less than most other places in the metro area in order of median income-45 to 64 years at $56,875 of the total.

Figure 9 breaks down the source of income and Lake St Croix Beach has the largest proportion of social security at 0.5% 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 26.4% which is less than most other places in the local area. The city with the highest households with retirement income in the area is St Marys Point which shows a households with retirement income of 32.1% (21.4% 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 the second smallest as measured by overall family income of all the other places in the metro area at $89,091 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. Lake St Croix Beach shows it has the hightest cost of 112.2 for the cost of miscellaneous items aggregate.

Lake St Croix Beach 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 2006 to before the Wuhan Coronavirus Pandemic the monthly unemployment rate went from 4.8% to 3.5% in February 2020. This represents a decrease in the monthly unemployment rate of 27.1%. Since that time, the monthly unemployment rate has gone to 6.2% This represents an increase in the monthly unemployment rate of 77.1%. 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 Pandemic the monthly labor force participation went from 34,094 to 40,565 in February 2020. This represents an increase in the monthly labor force participation of 19.0%. Since that time, the monthly labor force participation has gone to 38,701 This represents a decrease in the monthly labor force participation of 4.6%.

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 Lake St Croix Beach depicts it has a Unemployment Rate of 1.6% which is the highest of all places in the greater Lake St Croix Beach region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lake St Croix Beach depicts it has a Labor Force Participation of 74.0% which is the second most participation rates of all the places in the greater Lake St Croix Beach 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). Lake St Croix Beach has the largest proportion of employed at 1.6% 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. Lake St Croix Beach depicts full time employees approximately 3.3 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 Lake St Croix Beach area. Lake St Croix Beach depicts it has a Single Earner Families of 15.0% which is the second smallest in terms of families with a single earner of all the other places in the greater region. The city with the highest families with a single earner in the area is Afton which depicts a single earners rate of 29.3% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Lake St Croix Beach shows it has a Families with No One Working of 16.8% which is the second smallest in order of families with no one working of all the other places in the greater region. The city with the highest families with no one working in the area is St Marys Point which depicts a families with no worker of 25.6% (52.4% larger).

Lake St Croix Beach Minnesota Poverty Charts

The next section details economy analysis about poverty for residents of the Lake St Croix Beach 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. Lake St Croix Beach depicts it has a Total In Poverty of 49 which is less than most other places in the local area. The city with the highest total people earning less than the poverty level in the area is Hudson which depicts a total people earning less than the poverty level of 1,202 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lake St Croix Beach shows it has a Percent of Population In Poverty of 4.7% which is the second most of all the places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Hudson which depicts a percent of people in poverty of 8.9% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Lake St Croix Beach has the percentage of person in poverty under 12 years less than most other places in the area at 8% of the total. Second, it has one of the largest proportions of person in poverty 12 to 17 years at 18% of the total and is ranked #2. The only larger city being Lakeland with 36%. Third, it has less than most other places in the greater region in terms of person in poverty 55 to 64 years at 6% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Lake St Croix Beach has one of the largest proportions of unmarried with children and in poverty at 33% of the total and is ranked #3. Only #2 Hudson (44%), and #1 St Marys Point (60%) are larger. 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.) Lake St Croix Beach shows it has a Public Assistance Percent of 3.1% which is the third most households with public assistance of all other places in the greater Lake St Croix Beach region. The city with the highest households with public assistance in the area is Hudson which indicates a households with public assistance of 6.9% (approximately 2.3 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lake St Croix Beach shows it has a Gini Index of 36.4% which is the smallest when ranked by the gini index of all the other places in the greater region.

Lake St Croix Beach 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 Lake St Croix Beach 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.) Lake St Croix Beach has the smallest proportion of people who bicycle or walk to work at 1% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Lake St Croix Beach or elsewhere.) Lake St Croix Beach has the largest proportion of people who drove alone at 90% of the total and is ranked #1. Second, it has the smallest proportion of people who work from home at 1% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lake St Croix Beach has the largest proportion of people who leave for work between 12am to 5am at 6% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 6am to 630am at 7% of the total. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 5% of the total. Also, it has the largest proportion of people who leave for work between 730 am to 8am at 15% 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. Lake St Croix Beach has the percentage of people with commute time of less than 5 minutesutes the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the metro area at 5% of the total. Second, it has the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the area when sorted 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 14% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 21% of the total and is ranked #1.

The average commute time is shown in Figure 37. Lake St Croix Beach depicts it has a Avg Commute Time of 28 which is in the mid range of other places in the local area. Figure 38 shows the difference between male versus female commuting time. Lake St Croix Beach shows average commute time in minutes for men 14.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lake St Croix Beach has the percentage of no vehicle available less than most other places in the local area at 9% of the total. Second, it has one of the largest proportions of 3 vehicles available at 17% of the total and is ranked #3. Only #2 Lakeland Shores (19%), and #1 Afton (21%) are larger. Third, it has less than most other places in the local area when ranked by 4 vehicles available at 2% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Lake St Croix Beach indicates it has a Work in city or place where live of 6% which is the smallest as measured by people who both work and live in the same city of all the other places in the metro area. The city with the highest people who both work and live in the same city in the area is Hudson which shows a people who both work and live in the same city of 32% ( appreciably bigger). Comparing people who both work and live in the same city to the United States average of 42%, Lake St Croix Beach is approximately a sixth the size. Also, benchmarked against the state of Minnesota, people who both work and live in the same city of 34%, Lake St Croix Beach is approximately a sixth the size.

Lake St Croix Beach 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. Lake St Croix Beach depicts it has the hightest median earnings of $77,750 for the earnings-computer, engineering, and science occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Lake St Croix Beach shows it has the hightest median earnings of $80,208 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Lake St Croix Beach employment data in terms of job categories and salary data.

Lake St Croix Beach 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. Lake St Croix Beach shows it has the hightest entrepreneurs of 50% for the self employed management, business, science, and arts businesses grouping.

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. Lake St Croix Beach shows it has the hightest entrepreneurs of 29% for the self employed in agriculture, forestry, fishing and hunting, and mining group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lake St Croix Beach shows it has a Self Employment Income of $26,073 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 Lakeland Shores which shows an average annual self employment income of $98,433 (approximately 3.8 times bigger). Comparing average annual self employment income to the United States average of $39,154, Lake St Croix Beach is approximately three-fourths the size. Also, compared with the state of Minnesota, average annual self employment income of $36,330, Lake St Croix Beach is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lake St Croix Beach depicts total number of self-employed men approximately three-fourths the size as the total number of self-employed women.