Runeberg township Minnesota Income Charts

This section shows the Runeberg township Minnesota economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Runeberg township indicates it has a median earnings per worker of $46,042 which is the largest of all places in the metro area. Comparing median earnings per worker to the United States average of $47,712, Runeberg township is only about 3.6% smaller. Also, in contrast to the state of Minnesota, median earnings per worker of $51,758, Runeberg township is about 12.4% 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 $56,103 which is the highest of all places in the local area. Comparing median household income to the United States average of $60,293, Runeberg township is about 7.5% smaller. Also, measured against the state of Minnesota, median household income of $68,411, Runeberg township is about 21.9% 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 less than $10,000 in the mid range of other places in the greater region at 20.3% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 6.5% of the total. Third, it has the largest proportion of earnings between $15,000 and $19,999 at 10.1% of the total and is ranked #1. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 5.1% of the total and is ranked #1. In addition, it has the largest proportion of earnings of $100,000 more at 9.2% 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 an average hours of 39.5 which is more than all other places in the greater region. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $22.42 which is the highest of all places in the greater Runeberg township region. Comparing average hourly earnings to the United States average of $23.71, Runeberg township is about 5.8% smaller. Also, versus the state of Minnesota, average hourly earnings of $25.99, Runeberg township is about 15.9% smaller.

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 depicts it has a percentage of people self employed of 24.6% which is the most of all places in the metro area.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-25 to 44 years at $63,438 of the total and is ranked #1. Second, it has the largest proportion of median income-45 to 64 years at $78,125 of the total and is ranked #1. Third, it has less than most other places in the greater region as measured by median income-65 years and over at $27,143 of the total.

Figure 9 breaks down the source of income and Runeberg township has the largest proportion of income from wages at 70.5% of the total and is ranked #1. Second, it has the largest proportion of self employment income at 10.4% of the total and is ranked #1. Third, it has the smallest proportion of social security at 10.6% 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 households with retirement income of 21.7% which is in the mid point range of other places in the surrounding region. The city with the highest households with retirement income in the area is Menahga which depicts a households with retirement income of 26.4% (21.7% 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 $66,875 of the total and is ranked #1. Second, it has the largest proportion of white family income at $66,875 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 group.

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 shows that from February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 4.6% to 2.1% in December 2019. This represents a decrease in the monthly unemployment rate of 54.3%. Since that time, the monthly unemployment rate has gone to 2.1% This represents an increase in the monthly unemployment rate of very little. 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 21,543 to 25,036 in November 2019. This represents an increase in the monthly labor force participation of 16.2%. Since that time, the monthly labor force participation has gone to 25,036 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 shows it has an unemployment rate of 2.9% which is the third most unemployment rate of all other places in the greater Runeberg township region. The city with the highest unemployment rate in the area is Pine Point CDP which depicts a rate of 15.8% ( very much bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Runeberg township shows it has a participation rate of 56.8% which is in the mid range of other places in the local 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 2.6 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 families with a single earner of 17.5% which is less than most other places in the metro area. The city with the highest families with a single earner in the area is Pine Point CDP which depicts a single earners rate of 73.7% (approximately 4.2 times bigger). The percentage of families with no one working is depicted in Figure 22. Runeberg township shows it has a families with no one working of 21.9% which is the third most families with no one working of all other places in the greater Runeberg township region. The city with the highest families with no one working in the area is Osage CDP which shows a families with no worker of 38.6% (75.9% larger).

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 depicts it has a total people earning less than the poverty level of 36 which is the smallest when sorted by total people earning less than the poverty level of all the other places in the area. The city with the highest total people earning less than the poverty level in the area is Park Rapids which depicts a total people earning less than the poverty level of 806 ( considerably 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 people earning less than the poverty level of 6.7% which is the smallest as measured by percent of people earning less than the poverty level of all the other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Pine Point CDP which shows a percent of people in poverty of 70.6% ( considerably bigger).

In Figure 25 people who are in poverty are broken out by age group. Runeberg township has the smallest proportion of person in poverty 18 to 34 years at 11% of the total. Second, it has the smallest proportion of person in poverty 35 to 54 years at 14% of the total. Third, it has the largest proportion of person in poverty 55 to 64 years at 31% of the total and is ranked #1. Also, it has the largest proportion of person in poverty 65+ years at 19% 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 the smallest proportion of white poverty rate at 6% of the total. Second, it has one of the largest proportions of american indian poverty rate at 71% of the total and is ranked #3. Only #2 Pine Point CDP (74%), and #1 New York Mills (100%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Runeberg township has the percentage of married with children and in poverty less than most other places in the metropolitan area at 4% of the total.

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 highschool graduate and in poverty in the middle range of other places in the greater region at 12% of the total. Second, it has the smallest proportion of has some college and in poverty at 1% of the total. Third, it has in the mid point range of other places in the local area in terms of college graduate 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 smallest proportion of people who are in poverty and employed at 5.6% of the total. Second, it has the smallest proportion of people who are in poverty and not in labor force at 13.9% 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.) Runeberg township depicts it has a households with public assistance of 6.9% which is the smallest in order of households with public assistance of all the other places in the local 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 89.1% ( substantially bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Runeberg township depicts it has a the gini index of 39.9% which is the third most the gini index of all other places in the greater Runeberg township region.

Runeberg township 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 Runeberg township 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.) Runeberg township has the smallest proportion of people who drive a car or motorcycle to work at 85% of the total. Second, it has the largest proportion of people who work at home at 14% 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 Runeberg township or elsewhere.) Runeberg township has the largest proportion of people who work at home at 14% of the total and is ranked #1.

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 the second smallest when ranked by people who leave for work between 12am to 5am of all the other places in the greater region at 4% of the total. Second, it has the largest proportion of people who leave for work between 530 am to 6am at 10% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 830 am to 9am at 2% of the total. 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. In addition, it has the smallest proportion of people who leave for work between 12noon to 4pm at 6% 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 the percentage of people with commute time of less than 5 minutesutes less than most other places in the metropolitan area at 7% of the total. Second, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the local area as measured by people with commute time between 5 to 9 minutes at 9% of the total. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 21% of the total and is ranked #2. The only larger city being Osage CDP with 23%. Also, it has less than most other places in the local area in terms of people with commute time between 15 to 19 minutes at 4% of the total. In addition, it has the largest proportion of people with commute time between 20 to 24 minutes at 30% of the total and is ranked #1. Furthermore, it has the smallest proportion of people with commute time between 60 to 89 minutes at 1% of the total. Next it has one of the largest proportions of people with commute time of 90 or more minutesutes at 4% of the total and is ranked #2. The only larger city being Menahga with 5%.

The average commute time is shown in Figure 37. Runeberg township depicts it has an average commute time of 22 which is in the middle range of other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Runeberg township shows average commute time in minutes for men 24.1% larger 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 1 vehicle available at 10% of the total. Second, it has the smallest proportion of 2 vehicles available at 21% of the total. Third, it has the largest proportion of 3 vehicles available at 41% of the total and is ranked #1. Also, 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 Menahga with 18%. In addition, it has the largest proportion of 5 or more vehicles available at 14% of the total and is ranked #1.

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 $103,750 for the earnings-computer, engineering, and science occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Runeberg township depicts it has the hightest median earnings of $56,250 for the management, business, and financial occupations group. 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 shows it has the hightest entrepreneurs of 71% for the self employed in natural resources, construction, and maintenance businesses classification.

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 79% for the self employed in construction group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Runeberg township shows it has an average annual self employment income of $27,100 which is the second most average annual self employment income of all the places in the greater Runeberg township region. The city with the highest average annual self employment income in the area is New York Mills which shows an average annual self employment income of $33,469 (23.5% larger). Comparing average annual self employment income to the United States average of $37,819, Runeberg township is approximately three-fourths the size. Also, measured against the state of Minnesota, average annual self employment income of $35,396, Runeberg township 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.) Runeberg township depicts total number of self-employed men substantially bigger as the total number of self-employed women.