Sacred Heart Minnesota Income Charts

This section shows the Sacred Heart Minnesota economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Sacred Heart shows it has a Median earnings of $44,107 which is the second most median earnings of all the places in the greater Sacred Heart region. The city with the highest median earnings per worker in the area is Granite Falls which shows a median earnings of $46,719 (only about 5.9% larger). Comparing median earnings per worker to the United States average of $49,041, Sacred Heart is about 11.2% smaller. Also, benchmarked against the state of Minnesota, median earnings per worker of $52,993, Sacred Heart is about 20.1% 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 $47,375 which is in the middle range of other places in the area. The city with the highest median household income in the area is Renville which depicts a median income of $64,148 (35.4% larger). Comparing median household income to the United States average of $62,843, Sacred Heart is approximately three-fourths the size. Also, in comparison with the state of Minnesota, median household income of $71,306, Sacred Heart is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Sacred Heart metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 5.5% of the total. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 30.7% 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 41.1 which is the highest of all places in the greater Sacred Heart 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 $20.64 which is the third most average hourly earnings of all other places in the greater Sacred Heart region. The city with the highest average hourly earnings in the area is Granite Falls which depicts an average hourly earnings of $24.22 (17.3% larger). Comparing average hourly earnings to the United States average of $24.31, Sacred Heart is about 17.8% smaller. Also, measured against the state of Minnesota, average hourly earnings of $26.61, Sacred Heart is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Sacred Heart metro area based on the number of people who reported any self employment income. Sacred Heart depicts it has a Self Employed of 4.7% which is the smallest as measured by percentage of people self employed of all the other places in the metropolitan area. The city with the highest percentage of people self employed in the area is Echo which depicts a percentage self employed of 14.1% (approximately 3.0 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 sorted by median income for those under 25 years of age of all the other places in the area at $50,625 of the total. Second, it has less than most other places in the metro area when sorted by median income-25 to 44 years at $55,125 of the total. Third, it has less than most other places in the metropolitan area when ranked by median income-45 to 64 years at $32,500 of the total.

Figure 9 breaks down the source of income and Sacred Heart 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 19.8% which is more than all other places in the local area.

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 when sorted by overall family income of all the other places in the surrounding region at $50,521 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. Sacred Heart shows it has the hightest cost of 117.2 for the cost of utilities classification.

Sacred Heart 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 indicates that from February 2010 to before the Wuhan Coronavirus 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 Sacred Heart shows it has a Unemployment Rate of 2.7% which is the third most unemployment rate of all other places in the greater Sacred Heart region. The city with the highest unemployment rate in the area is Maynard which depicts a rate of 6.5% (approximately 2.5 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Sacred Heart indicates it has a Labor Force Participation of 54.5% which is the second smallest in terms of participation rate of all the other places in the metropolitan area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Sacred Heart depicts full time employees markedly 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 Sacred Heart area. Sacred Heart shows it has a Single Earner Families of 12.0% which is the smallest when ranked by families with a single earner of all the other places in the surrounding region. The city with the highest families with a single earner in the area is Granite Falls which depicts a single earners rate of 31.7% (approximately 2.6 times bigger). The percentage of families with no one working is depicted in Figure 22. Sacred Heart depicts it has a Families with No One Working of 32.5% which is more than all other places in the greater region.

Sacred Heart Minnesota Poverty Charts

The next section details economy analysis about poverty for residents of the Sacred Heart 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. Sacred Heart shows it has a Total In Poverty of 136 which is the third most total people earning less than the poverty level of all other places in the greater Sacred Heart region. The city with the highest total people earning less than the poverty level in the area is Granite Falls which indicates a total people earning less than the poverty level of 402 (approximately 3.0 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Sacred Heart shows it has a Percent of Population In Poverty of 23.2% which is the second most percent of people earning less than the poverty level of all the places in the greater Sacred Heart region. The city with the highest percent of people earning less than the poverty level in the area is Echo which depicts a percent of people in poverty of 28.6% (23.1% larger).

In Figure 25 people who are in poverty are broken out by age group. Sacred Heart has the percentage of person in poverty 12 to 17 years the second smallest in terms of 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 18 to 34 years at 27% of the total and is ranked #1. Third, it has the largest proportion of person in poverty 35 to 54 years at 21% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Sacred Heart has the largest proportion of hawaiian poverty rate at 38% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Sacred Heart has the largest proportion of less than highschool in poverty at 20% 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.) Sacred Heart shows it has a Public Assistance Percent of 16.7% which is is the uppermost of the places in the metro area.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Sacred Heart depicts it has a Gini Index of 39.0% which is in the mid point range of other places in the local area.

Sacred Heart 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 Sacred Heart 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.) Sacred Heart has the largest proportion of people who take public transportation to work at 6% 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 Sacred Heart or elsewhere.) Sacred Heart has the largest proportion of people who bike at 1% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Sacred Heart has one of the largest proportions of people who leave for work between 12am to 5am at 9% of the total and is ranked #2. The only larger city being Echo with 12%. Second, it has the largest proportion of people who leave for work between 6am to 630am at 27% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 9% of the total. Also, it has the smallest proportion of people who leave for work between 730 am to 8am at 3% of the total. In addition, it has the smallest proportion of people who leave for work between 11am to 12noon at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Sacred Heart has the percentage of people with commute time of less than 5 minutesutes in the middle range of other places in the greater region at 14% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 22% of the total and is ranked #2. The only larger city being Danube with 36%. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 26% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 35 to 39 minutes at 7% of the total and is ranked #1.

The average commute time is shown in Figure 37. Sacred Heart depicts it has a Avg Commute Time of 17 which is less than most other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Sacred Heart depicts average commute time in minutes for men 12.6% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Sacred Heart has one of the largest proportions of no vehicle available at 22% of the total and is ranked #2. The only larger city being Echo with 26%. Second, it has the largest proportion of 1 vehicle available at 63% of the total and is ranked #1. Third, it has the smallest proportion of 2 vehicles available at 9% of the total. Also, it has one of the largest proportions of 4 vehicles available at 6% of the total and is ranked #2. The only larger city being Renville with 6%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Sacred Heart shows it has a Work in city or place where live of 26% which is the third most people who both work and live in the same city of all other places in the greater Sacred Heart region. The city with the highest people who both work and live in the same city in the area is Granite Falls which shows a people who both work and live in the same city of 51% (about twice as large). Comparing people who both work and live in the same city to the United States average of 42%, Sacred Heart is approximately three-fourths the size. Also, compared to the state of Minnesota, people who both work and live in the same city of 34%, Sacred Heart is approximately three-fourths the size.

Sacred Heart 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. Sacred Heart depicts it has the hightest median earnings of $45,000 for the earnings-sales and office occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Sacred Heart depicts it has the hightest median earnings of $54,792 for the management, business, and financial occupations group. The table in Figure 48, shows Sacred Heart employment data in terms of job categories and salary data.