This section shows the Sacred Heart Minnesota economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Sacred Heart depicts it has a Median earnings of $52,583 which is the largest of all places in the greater Sacred Heart region. Comparing median earnings per worker to the United States average of $53,269, Sacred Heart is about the same size. Also, in comparison with the state of Minnesota, median earnings per worker of $57,586, Sacred Heart is about 9.5% 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 $53,466 which is in the mid range of other places in the metropolitan area. The city with the highest median household income in the area is Renville which depicts a median income of $70,037 (31.0% larger). Comparing median household income to the United States average of $69,021, Sacred Heart is approximately three-fourths the size. Also, compared to the state of Minnesota, median household income of $77,706, 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 1.4% of the total. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 10.7% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $23.41 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 $26.07 (11.4% larger). Comparing average hourly earnings to the United States average of $26.40, Sacred Heart is about 12.8% smaller. Also, compared to the state of Minnesota, average hourly earnings of $28.99, Sacred Heart is about 23.8% smaller.
Figure 5 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 8.3% which is less than most other places in the local area. The city with the highest percentage of people self employed in the area is Echo which indicates a percentage self employed of 14.9% (79.7% larger).
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 32.4% which is the most of all places in the greater Sacred Heart region.
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Sacred Heart shows full time employees considerably bigger as the part time employees.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Sacred Heart depicts it has the hightest cost of 117.2 for the cost of utilities aggregate.
Sacred Heart Minnesota Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Sacred Heart depicts it has a Percent of Population In Poverty of 15.3% which is in the center range of other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Echo which shows a percent of people in poverty of 25.5% (66.5% larger).
Additionally, Figure 12 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 depicts it has a Public Assistance Percent of 15.4% which is the second most households with public assistance of all the places in the greater Sacred Heart region. The city with the highest households with public assistance in the area is Danube which depicts a households with public assistance of 18.8% (22.6% larger).
Sacred Heart Minnesota Labor Force Charts
The table in Figure 13, shows Sacred Heart employment data in terms of job categories and salary data.
The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate indicates that from February 2017 to before the COVID-19 Pandemic it went from 4.6% to 3.5% in December 2019. This represents a decrease in the monthly unemployment rate of 23.9%. Since that time, the monthly unemployment rate has gone to 3.5%. This represents an increase in the monthly unemployment rate of very little.
Sacred Heart Minnesota Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
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 17 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 bicycle or walk to work at 11% of the total and is ranked #1. Figure 18 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 work from home at 11% of the total and is ranked #1.
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. Sacred Heart depicts it has a Avg Commute Time of 18 which is less than most other places in the metro area.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.