Little Falls Minnesota Income Charts

This section shows the Little Falls Minnesota economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Little Falls shows it has a Median earnings of $37,807 which is the second smallest in order 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 Randall which indicates a median earnings of $42,500 (12.4% larger). Comparing median earnings per worker to the United States average of $50,459, Little Falls is approximately three-fourths the size. Also, benchmarked against the state of Minnesota, median earnings per worker of $54,146, Little Falls 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 $40,044 which is the second smallest when ranked by median household income of all the other places in the metropolitan area. The city with the highest median household income in the area is Flensburg which depicts a median income of $86,250 (about twice as large). Comparing median household income to the United States average of $64,994, Little Falls is approximately three-fourths the size. Also, compared with the state of Minnesota, median household income of $73,382, Little Falls is approximately half the size.

The next section examines a variety of different income statistics for the Little Falls metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $10,000 and $14,999 at 9.3% 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 37.5 which is the smallest as measured by average hours of all the other places in the local area. The city with the highest average hours in the area is Flensburg which depicts an average hours of 41.7 (11.2% 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 $19.39 which is less than most other places in the area. The city with the highest average hourly earnings in the area is Randall which depicts an average hourly earnings of $21.40 (10.4% larger). Comparing average hourly earnings to the United States average of $25.01, Little Falls is approximately three-fourths the size. Also, measured against the state of Minnesota, average hourly earnings of $27.19, Little Falls is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Little Falls metro area based on the number of people who reported any self employment income. Little Falls indicates it has a Self Employed of 5.4% which is the smallest in order 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 Sobieski which depicts a percentage self employed of 25.7% (approximately 4.8 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 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 $54,337 of the total. Second, it has the second smallest in terms of median income for those under 25 years of age of all the other places in the local area in terms of median income-25 to 44 years at $47,873 of the total. Third, it has in the mid range of other places in the metropolitan area when sorted by median income-45 to 64 years at $24,846 of the total.

Figure 9 breaks down the source of income and Little Falls has the largest proportion of self employment income at 21.6% of the total and is ranked #1. Second, it has the largest proportion of social security at 1.3% 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 23.3% which is the third most households with retirement income of all other places in the greater Little Falls region. The city with the highest households with retirement income in the area is Bowlus which depicts a households with retirement income of 27.4% (17.2% 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 local area at $60,674 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. Little Falls shows it has the hightest cost of 117.2 for the cost of utilities aggregate.

Little Falls 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 January 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 8.9% to 5.6% in March 2020. This represents a decrease in the monthly unemployment rate of 37.1%. Since that time, the monthly unemployment rate has gone to 2.9% This represents a decrease in the monthly unemployment rate of 48.2%. 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 disasterous Covid-19 virus Pandemic the monthly labor force participation went from 35,579 to 37,399 in March 2020. This represents an increase in the monthly labor force participation of 5.1%. Since that time, the monthly labor force participation has gone to 36,741 This represents a decrease 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 Little Falls depicts it has a Unemployment Rate of 3.4% which is the second most unemployment rate of all the places in the greater Little Falls region. The city with the highest unemployment rate in the area is Bowlus which depicts a rate of 8.7% (approximately 2.6 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Little Falls depicts it has a Labor Force Participation of 59.3% which is the smallest when sorted by participation rate of all the other places in the greater 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). Little Falls has the largest proportion of unemployed at 40.7% 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. Little Falls depicts full time employees approximately 2.4 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 Little Falls area. Little Falls depicts it has a Single Earner Families of 31.0% which is the largest of all places in the greater Little Falls region. The percentage of families with no one working is depicted in Figure 22. Little Falls depicts it has a Families with No One Working of 19.0% which is the second most families with no one working of all the places in the greater Little Falls region. The city with the highest families with no one working in the area is Randall which shows a families with no worker of 27.3% (43.5% larger).

Little Falls Minnesota Poverty Charts

The next section details economy analysis about poverty for residents of the Little Falls 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. Little Falls depicts it has a Total In Poverty of 1,403 which is at the top of all other places in the greater Little Falls region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Little Falls shows it has a Percent of Population In Poverty of 16.6% which is the third most percent of people earning less than the poverty level of all other places in the greater Little Falls region. The city with the highest percent of people earning less than the poverty level in the area is Genola which shows a percent of people in poverty of 33.3% (about twice as large).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Little Falls has the largest proportion of white poverty rate at 14% of the total and is ranked #1. Second, it has the largest proportion of american indian poverty rate at 84% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Little Falls has the percentage of unmarried with children and in poverty less than most other places in the metropolitan area at 42% of the total. Second, it has one of the largest proportions of unmarried female with children and in poverty at 2% of the total and is ranked #2. The only larger city being Genola with 83%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Little Falls has the largest proportion of highschool graduate and in poverty at 15% of the total and is ranked #1. Second, it has one of the largest proportions of has some college and in poverty at 11% of the total and is ranked #2. The only larger city being Bowlus with 24%. 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.) Little Falls depicts it has a Public Assistance Percent of 12.1% which is the second most households with public assistance of all the places in the greater Little Falls region. The city with the highest households with public assistance in the area is Genola which depicts a households with public assistance of 22.6% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Little Falls depicts it has a Gini Index of 47.8% which is the highest of all places in the greater Little Falls region.

Little Falls 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 Little Falls 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.) Little Falls has the largest proportion of people who drive a car or motorcycle to work at 1% of the total and is ranked #1. Second, it has the largest proportion of people who take public transportation to work at 8% 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 Little Falls or elsewhere.) Little Falls has the smallest proportion of people who drove alone at 72% of the total. Second, it has the largest proportion of people who carpooled at 14% of the total and is ranked #1. Third, it has the largest proportion of people who take the bus at 1% of the total and is ranked #1. Also, it has the largest proportion of people who bike at 2% of the total and is ranked #1. In addition, it has the largest proportion of people who walked at 6% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Little Falls has the largest proportion of people who leave for work between 9am to 10am at 3% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 10am to 11am at 2% 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. Little Falls has the largest proportion of people with commute time of less than 5 minutesutes at 29% of the total and is ranked #1. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 17% of the total and is ranked #2. The only larger city being Randall with 29%. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 5% of the total.

The average commute time is shown in Figure 37. Little Falls depicts it has a Avg Commute Time of 21 which is the second smallest in terms of average commute time of all the other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Little Falls depicts average commute time in minutes for men 11.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Little Falls has one of the largest proportions of no vehicle available at 15% of the total and is ranked #2. The only larger city being Randall with 20%. Second, it has one of the largest proportions of 1 vehicle available at 44% of the total and is ranked #2. The only larger city being Royalton with 53%. Third, it has the second smallest in terms of no vehicle available of all the other places in the area in terms of 2 vehicles available at 19% of the total. Also, it has in the middle range of other places in the metro area in order of 4 vehicles available at 5% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Little Falls depicts it has a Work in city or place where live of 58% which is more than all other places in the greater Little Falls region. Comparing people who both work and live in the same city to the United States average of 43%, Little Falls is 37.2% larger. Also, compared to the state of Minnesota, people who both work and live in the same city of 36%, Little Falls is 62.7% larger.

Little Falls 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. Little Falls depicts it has the hightest median earnings of $90,742 for the earnings-computer, engineering, and science occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Little Falls shows it has the hightest median earnings of $57,333 for the earnings-education, legal, community service, arts, media occupations group. The table in Figure 48, shows Little Falls employment data in terms of job categories and salary data.

Little Falls 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. Little Falls depicts it has the hightest entrepreneurs of 55% for the self employed in service 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. Little Falls depicts it has the hightest entrepreneurs of 59% for the self employed in arts, entertainment, recreation, accommodation and food services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Little Falls depicts it has a Self Employment Income of $11,253 which is the second smallest as measured by average annual self employment income of all the other places in the metropolitan area. The city with the highest average annual self employment income in the area is Royalton which shows an average annual self employment income of $32,923 (approximately 2.9 times bigger). Comparing average annual self employment income to the United States average of $40,101, Little Falls is approximately a third the size. Also, compared to the state of Minnesota, average annual self employment income of $37,348, Little Falls is approximately a third the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Little Falls shows total number of self-employed men only about 4.1% smaller as the total number of self-employed women.