Little Falls Minnesota Income Charts

This section shows the Little Falls Minnesota economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Little Falls depicts it has a Median earnings of $37,950 which is the second smallest as measured 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 Bowlus which depicts a median earnings of $47,500 (25.2% larger). Comparing median earnings per worker to the United States average of $49,041, Little Falls is approximately three-fourths the size. Also, in comparison with the state of Minnesota, median earnings per worker of $52,993, 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 $40,031 which is the smallest in order of median household income of all the other places in the local area. The city with the highest median household income in the area is Royalton which depicts a median income of $55,625 (39.0% larger). Comparing median household income to the United States average of $62,843, Little Falls is approximately three-fourths the size. Also, compared to the state of Minnesota, median household income of $71,306, 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 one of the largest proportions of earnings less than $10,000 at 9.2% of the total and is ranked #3. Only #2 Flensburg (10.0%), and #1 Sobieski (10.5%) are larger. Second, it has one of the largest proportions of earnings between $10,000 and $14,999 at 11.8% of the total and is ranked #2. The only larger city being Sobieski with 14.0%. Third, it has the smallest proportion of earnings between $20,000 and $49,999 at 14.4% 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 37.5 which is the smallest when sorted by average hours of all the other places in the metropolitan area. The city with the highest average hours in the area is Flensburg which depicts an average hours of 41.6 (10.9% 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 $19.46 which is less than most other places in the surrounding region. The city with the highest average hourly earnings in the area is Bowlus which depicts an average hourly earnings of $23.54 (21.0% larger). Comparing average hourly earnings to the United States average of $24.31, Little Falls is about 24.9% smaller. Also, measured against the state of Minnesota, average hourly earnings of $26.61, 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 shows it has a Self Employed of 6.4% which is less than most other places in the greater region. The city with the highest percentage of people self employed in the area is Sobieski which depicts a percentage self employed of 23.5% (approximately 3.6 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 in terms of median income for those under 25 years of age of all the other places in the metropolitan area at $52,067 of the total. Second, it has the second smallest when ranked by 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 $49,219 of the total. Third, it has less than most other places in the local area as measured by median income-45 to 64 years at $28,469 of the total.

Figure 9 breaks down the source of income and Little Falls has the largest proportion of self employment income at 25.5% of the total and is ranked #1. Second, it has the largest proportion of social security at 1.5% 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 23.8% which is the highest of all places in the greater Little Falls region.

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 $65,531 of the total and is ranked #3. Only #2 Royalton ($67,917), and #1 Elmdale ($97,500) 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. Little Falls depicts 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 shows that from February 2010 to before the disasterous Covid-19 virus 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 Coronavirus 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 Little Falls shows it has a Unemployment Rate of 3.0% which is the third most unemployment rate of all other places in the greater Little Falls region. The city with the highest unemployment rate in the area is Bowlus which depicts a rate of 7.4% (approximately 2.4 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Little Falls shows it has a Labor Force Participation of 60.5% which is the second smallest as measured by participation rate of all the other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Little Falls shows 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 34.4% which is ranked #1 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 16.1% which is in the intermediate range of other places in the metropolitan area. The city with the highest families with no one working in the area is Randall which shows a families with no worker of 27.4% (69.6% 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 1,313 which is the largest of all places in the area.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Little Falls depicts it has a Percent of Population In Poverty of 15.5% 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 Randall which shows a percent of people in poverty of 22.6% (45.4% larger).

In Figure 25 people who are in poverty are broken out by age group. Little Falls has the largest proportion of person in poverty 12 to 17 years at 29% of the total and is ranked #1. Second, it has in the center range of other places in the local area in terms of person in poverty 35 to 54 years at 15% of the total.

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 100% of the total and is ranked #1. Second, it has the largest proportion of american indian poverty rate at 100% of the total and is ranked #1. Third, it has one of the largest proportions of hawaiian poverty rate at 8% of the total and is ranked #2. The only larger city being Bowlus with 100%.

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 17% of the total and is ranked #1. 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 shows it has a Public Assistance Percent of 12.8% which is the second most of all the places in the metro area. The city with the highest households with public assistance in the area is Randall which shows a households with public assistance of 14.8% (15.8% larger).

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 49.7% which is at the top of all other 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 2% of the total and is ranked #1. Second, it has the largest proportion of people who take public transportation to work at 7% 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 76% of the total. Second, it has the largest proportion of people who carpooled at 12% of the total and is ranked #1. Third, it has the largest proportion of people who take the bus at 2% 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 Figure 35 is shown a frequency distribution of the time that people leave for work. Little Falls has the percentage of people who leave for work between 12am to 5am the second smallest when ranked by people who leave for work between 12am to 5am of all the other places in the surrounding region at 3% of the total. Second, it has the smallest proportion of people who leave for work between 5am to 530am at 6% of the total. Third, it has the largest proportion of people who leave for work between 830 am to 9am at 7% of the total and is ranked #1. Also, 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 the largest proportion of people with commute time between 5 to 9 minutes at 18% of the total and is ranked #1. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 5% of the total. Also, it has the smallest proportion of people with commute time between 15 to 19 minutes at 9% of the total.

The average commute time is shown in Figure 37. Little Falls shows it has a Avg Commute Time of 21 which is the smallest when ranked by average commute time of all the other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Little Falls depicts average commute time in minutes for men 22.7% 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 17% of the total and is ranked #3. Only #2 Sobieski (18%), and #1 Randall (22%) are larger. 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 54%. Third, it has the smallest proportion of 2 vehicles available at 17% of the total. Also, it has in the center range of other places in the local area in terms of 3 vehicles available at 9% of the total. In addition, it has one of the largest proportions of 4 vehicles available at 5% of the total and is ranked #3. Only #2 Sobieski (8%), and #1 Randall (11%) are larger. 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 56% which is at the top of 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 42%, Little Falls is 34.5% larger. Also, compared to the state of Minnesota, people who both work and live in the same city of 34%, Little Falls is 65.5% 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 shows it has the hightest median earnings of $108,173 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 depicts it has the hightest median earnings of $98,304 for the earnings-healthcare practitioners and tech occupations grouping. 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 48% for the self employed in service 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. Little Falls indicates it has the hightest entrepreneurs of 52% 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 $34,168 which is the highest of all places in the greater Little Falls region. Comparing average annual self employment income to the United States average of $39,154, Little Falls is about 14.6% smaller. Also, compared to the state of Minnesota, average annual self employment income of $36,330, Little Falls is about 6.3% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Little Falls depicts total number of self-employed men 42.1% larger as the total number of self-employed women.