Runeberg township Minnesota Income Charts

This section shows the Runeberg township Minnesota economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Runeberg township shows it has a Median earnings of $43,750 which is the third most median earnings of all other places in the greater Runeberg township region. The city with the highest median earnings per worker in the area is Menahga which shows a median earnings of $53,016 (21.2% larger). Comparing median earnings per worker to the United States average of $50,459, Runeberg township is about 15.3% smaller. Also, measured against the state of Minnesota, median earnings per worker of $54,146, Runeberg township is about 23.8% smaller.

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 $66,750 which is the highest of all places in the metropolitan area. Comparing median household income to the United States average of $64,994, Runeberg township is only about 2.7% larger. Also, measured against the state of Minnesota, median household income of $73,382, Runeberg township is about 9.9% smaller.

The next section examines a variety of different income statistics for the Runeberg township metropolitan area. In Figure 3 we see that it has the percentage of earnings between $15,000 and $19,999 less than most other places in the local area at 29.7% of the total. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 9.5% of the total and is ranked #1. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 9.0% 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 highest of all places in the greater Runeberg township region. 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 $20.37 which is the third most average hourly earnings of all other places in the greater Runeberg township region. The city with the highest average hourly earnings in the area is Menahga which indicates an average hourly earnings of $27.26 (33.8% larger). Comparing average hourly earnings to the United States average of $25.01, Runeberg township is about 22.8% smaller. Also, compared with the state of Minnesota, average hourly earnings of $27.19, Runeberg township is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Runeberg township metro area based on the number of people who reported any self employment income. Runeberg township shows it has a Self Employed of 29.7% which is the second most people self employed of all the places in the greater Runeberg township region. The city with the highest percentage of people self employed in the area is Pine Point CDP which depicts a percentage self employed of 30.0% ( about the same size).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $82,788 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $69,500 of the total and is ranked #1. Third, it has the second smallest in order of median income for those under 25 years of age of all the other places in the metro area in terms of median income-45 to 64 years at $26,875 of the total.

Figure 9 breaks down the source of income and Runeberg township has the largest proportion of income from wages at 22.2% of the total and is ranked #1. Second, it has the smallest proportion of self employment income at 8.6% of the total. Third, it has the smallest proportion of investment and retirement income at 7.8% 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 With Retirement Income of 20.6% which is less than most other places in the area. The city with the highest households with retirement income in the area is Menahga which depicts a households with retirement income of 32.7% (58.9% larger).

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 $72,159 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. Runeberg township shows it has the hightest cost of 117.2 for the cost of utilities classification.

Runeberg 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 depicts that from January 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 4.9% to 4.0% in March 2020. This represents a decrease in the monthly unemployment rate of 18.4%. Since that time, the monthly unemployment rate has gone to 2.0% This represents a decrease in the monthly unemployment rate of 50.0%. 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 Coronavirus Pandemic the monthly labor force participation went from 21,543 to 25,274 in March 2020. This represents an increase in the monthly labor force participation of 17.3%. Since that time, the monthly labor force participation has gone to 25,490 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 Runeberg township depicts it has a Unemployment Rate of 2.0% which is the second smallest in order of unemployment rate of all the other places in the local area. The city with the highest unemployment rate in the area is Pine Point CDP which shows a rate of 12.5% ( considerably bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Runeberg township depicts it has a Labor Force Participation of 58.2% which is in the middle range of other places in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Runeberg township shows full time employees approximately 3.7 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 Runeberg township area. Runeberg township depicts it has a Single Earner Families of 24.5% which is the second most families with a single earner of all the places in the greater Runeberg township region. The city with the highest families with a single earner in the area is Pine Point CDP which shows a single earners rate of 68.8% (approximately 2.8 times bigger). The percentage of families with no one working is depicted in Figure 22. Runeberg township depicts it has a Families with No One Working of 20.0% which is less than most other places in the local area. The city with the highest families with no one working in the area is Osage CDP which depicts a families with no worker of 51.7% (approximately 2.6 times bigger).

Runeberg township Minnesota Poverty Charts

The next section details economy analysis about poverty for residents of the Runeberg township 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. Runeberg township shows it has a Total In Poverty of 22 which is the smallest when sorted by total people earning less than the poverty level of all the other places in the local area. The city with the highest total people earning less than the poverty level in the area is Park Rapids which shows a total people earning less than the poverty level of 890 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Runeberg township shows it has a Percent of Population In Poverty of 4.0% which is the smallest in terms of percent of people earning less than the poverty level of all the other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Pine Point CDP which depicts a percent of people in poverty of 59.1% ( very much bigger).

In Figure 25 people who are in poverty are broken out by age group. Runeberg township has the percentage of person in poverty 18 to 34 years the second smallest when sorted by person in poverty under 12 years of all the other places in the metro area at 18% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 50% of the total and is ranked #1. Third, it has the largest proportion of person in poverty 55 to 64 years at 32% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Runeberg township has one of the largest proportions of black poverty rate at 67% of the total and is ranked #2. The only larger city being New York Mills with 100%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Runeberg township has the percentage of less than highschool in poverty less than most other places in the greater region at 13% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 1% of the total. Third, it has in the mid range of other places in the greater region as measured by has some college and in poverty at 3% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Runeberg township has the largest proportion of people who are in poverty and employed at 18.2% 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.) Runeberg township shows it has a Public Assistance Percent of 6.3% which is the smallest when sorted by households with public assistance of all the other places in the area. The city with the highest households with public assistance in the area is Pine Point CDP which depicts a households with public assistance of 50.0% ( markedly bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Runeberg township shows it has a Gini Index of 35.5% which is the smallest when ranked by the gini index of all the other places in the local area.

Runeberg township Minnesota Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Runeberg township or elsewhere.) Runeberg township has one of the largest proportions of people who carpooled at 14% of the total and is ranked #3. Only #2 New York Mills (15%), and #1 Sebeka (15%) are larger.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Runeberg township has the percentage of people who leave for work between 12am to 5am less than most other places in the local area at 2% of the total. Second, it has the largest proportion of people who leave for work between 5am to 530am at 9% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 530 am to 6am at 15% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 630 am to 7am at 17% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 11am to 12noon at 5% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Runeberg township has one of the largest proportions of people with commute time of less than 5 minutesutes at 23% of the total and is ranked #2. The only larger city being Park Rapids with 36%. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 15% of the total and is ranked #3. Only #2 Osage CDP (16%), and #1 Park Rapids (17%) are larger. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 2% of the total. 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. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 9% of the total and is ranked #1.

The average commute time is shown in Figure 37. Runeberg township shows it has a Avg Commute Time of 19 which is the second smallest in order of average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Runeberg township shows average commute time in minutes for men about twice as large as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Runeberg township has the smallest proportion of no vehicle available at 5% of the total. Second, it has the smallest proportion of 1 vehicle available at 24% of the total. Third, it has the largest proportion of 2 vehicles available at 36% of the total and is ranked #1. Also, it has the largest proportion of 3 vehicles available at 22% of the total and is ranked #1. In addition, it has one of the largest proportions of 4 vehicles available at 14% of the total and is ranked #2. The only larger city being Osage CDP with 16%.

Runeberg township 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. Runeberg township depicts it has the hightest median earnings of $71,875 for the management, business, and financial occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Runeberg township depicts it has the hightest median earnings of $40,833 for the earnings-education, legal, community service, arts, media occupations classification. The table in Figure 48, shows Runeberg township employment data in terms of job categories and salary data.

Runeberg 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. Runeberg township indicates it has the hightest entrepreneurs of 52% for the self employed in natural resources, construction, and maintenance 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. Runeberg township depicts it has the hightest entrepreneurs of 48% for the self employed in construction classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Runeberg township depicts it has a Self Employment Income of $50,417 which is more than all other places in the greater Runeberg township region. Comparing average annual self employment income to the United States average of $40,101, Runeberg township is 25.7% larger. Also, in comparison with the state of Minnesota, average annual self employment income of $37,348, Runeberg township is 35.0% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Runeberg township shows total number of self-employed men approximately 2.7 times bigger as the total number of self-employed women.