Zumbro Falls Minnesota Income Charts

This section shows the Zumbro 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, Zumbro Falls shows it has a Median earnings of $53,438 which is the second most median earnings of all the places in the greater Zumbro Falls region. The city with the highest median earnings per worker in the area is Oronoco which shows a median earnings of $69,620 (30.3% larger). Comparing median earnings per worker to the United States average of $49,041, Zumbro Falls is 9.0% larger. Also, benchmarked against the state of Minnesota, median earnings per worker of $52,993, Zumbro Falls is about the same 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 $73,750 which is in the mid range of other places in the greater region. The city with the highest median household income in the area is Oronoco which shows a median income of $121,250 (64.4% larger). Comparing median household income to the United States average of $62,843, Zumbro Falls is 17.4% larger. Also, in contrast to the state of Minnesota, median household income of $71,306, Zumbro Falls is only about 3.4% larger.

The next section examines a variety of different income statistics for the Zumbro Falls metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $10,000 and $14,999 at 1.3% of the total. Second, it has the second smallest in terms of median earnings of less than $10,000 of all the other places in the metro area as measured by earnings between $15,000 and $19,999 at 17.1% of the total. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 15.8% 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 37.1 which is less than most other places in the metro area. The city with the highest average hours in the area is Oronoco which depicts an average hours of 41.8 (12.7% 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 $27.70 which is the second most average hourly earnings of all the places in the greater Zumbro Falls region. The city with the highest average hourly earnings in the area is Oronoco which depicts an average hourly earnings of $32.03 (15.6% larger). Comparing average hourly earnings to the United States average of $24.31, Zumbro Falls is 14.0% larger. Also, measured against the state of Minnesota, average hourly earnings of $26.61, Zumbro Falls is only about 4.1% larger.

Figure 7 examines the number of self employed people in the Zumbro Falls metro area based on the number of people who reported any self employment income. Zumbro Falls shows it has a Self Employed of 13.4% which is the highest of all places in the surrounding region.

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the metro area at $80,893 of the total. Second, it has less than most other places in the local area in order of median income-25 to 44 years at $61,458 of the total. Third, it has less than most other places in the local area when sorted by median income-45 to 64 years at $43,125 of the total.

Figure 9 breaks down the source of income and Zumbro Falls has the largest proportion of income from wages at 10.7% of the total and is ranked #1. Second, it has the smallest proportion of self employment income at 7.2% 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 27.8% which is the most of all places in the greater Zumbro Falls region.

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 less than most other places in the metropolitan area at $81,250 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. Zumbro Falls depicts it has the hightest cost of 109.5 for the cost of healthcare group.

Zumbro 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 depicts that from February 2010 to before the Wuhan Coronavirus Pandemic the monthly unemployment rate went from 6.5% to 2.5% in February 2020. This represents a decrease in the monthly unemployment rate of 61.5%. Since that time, the monthly unemployment rate has gone to 3.9% This represents an increase in the monthly unemployment rate of 56.0%. 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 February 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 58,856 to 65,867 in February 2020. This represents an increase in the monthly labor force participation of 11.9%. Since that time, the monthly labor force participation has gone to 64,249 This represents a decrease in the monthly labor force participation of 2.5%.

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 Zumbro Falls depicts it has a Unemployment Rate of 17.4% which is is the uppermost of the places in the greater Zumbro Falls region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Zumbro Falls depicts it has a Labor Force Participation of 69.2% which is the smallest when sorted by participation rate of all the other places in the greater region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Zumbro Falls has the largest proportion of employed at 17.4% of the total and is ranked #1. Second, it has the largest proportion of unemployed at 30.8% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Zumbro Falls shows full time employees about twice as large 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 Zumbro Falls area. Zumbro Falls depicts it has a Single Earner Families of 35.4% which is ranked #1 of all places in the greater Zumbro Falls region. The percentage of families with no one working is depicted in Figure 22. Zumbro Falls depicts it has a Families with No One Working of 4.2% which is the smallest in order of families with no one working of all the other places in the surrounding region. The city with the highest families with no one working in the area is Millville which depicts a families with no worker of 18.9% (approximately 4.5 times bigger).

Zumbro Falls Minnesota Poverty Charts

The next section details economy analysis about poverty for residents of the Zumbro 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. Zumbro Falls depicts it has a Total In Poverty of 6 which is the smallest as measured 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 Pine Island which depicts a total people earning less than the poverty level of 221 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Zumbro Falls depicts it has a Percent of Population In Poverty of 2.3% which is the second smallest in terms of percent of people earning less than the poverty level of all the other places in the metropolitan area. The city with the highest percent of people earning less than the poverty level in the area is Hammond which shows a percent of people in poverty of 13.2% ( considerably bigger).

In Figure 25 people who are in poverty are broken out by age group. Zumbro Falls has the largest proportion of person in poverty 35 to 54 years at 100% 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. Zumbro Falls has the largest proportion of less than highschool in poverty at 15% 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.) Zumbro Falls depicts it has a Public Assistance Percent of 6.2% which is in the center range of other places in the greater region. The city with the highest households with public assistance in the area is Hammond which depicts a households with public assistance of 11.9% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Zumbro Falls depicts it has a Gini Index of 32.2% which is the second smallest when sorted by the gini index of all the other places in the greater region.

Zumbro 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 Zumbro 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.) Zumbro Falls has the largest proportion of people who drive a car or motorcycle to work at 4% 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 Zumbro Falls or elsewhere.) Zumbro Falls has the smallest proportion of people who drove alone at 72% of the total. Second, it has the largest proportion of people who take the bus at 4% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Zumbro Falls has the largest proportion of people who leave for work between 530 am to 6am at 19% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 11% 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. Zumbro Falls has the percentage of people with commute time of less than 5 minutesutes less than most other places in the metropolitan area at 4% of the total. Second, it has the smallest proportion of people with commute time between 10 to 14 minutes at 1% of the total. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 21% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 11% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 45 to 59 minutes at 15% of the total and is ranked #1.

The average commute time is shown in Figure 37. Zumbro Falls depicts it has a Avg Commute Time of 39 which is the highest of all places in the greater Zumbro Falls region. Figure 38 shows the difference between male versus female commuting time. Zumbro Falls depicts average commute time in minutes for men 41.6% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Zumbro Falls has the largest proportion of 1 vehicle available at 58% of the total and is ranked #1. Second, it has the second smallest when sorted by no vehicle available of all the other places in the surrounding region when sorted by 2 vehicles available at 12% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Zumbro Falls indicates it has a Work in city or place where live of 23% which is the second most of all the places in the metro area. The city with the highest people who both work and live in the same city in the area is Hammond which depicts a people who both work and live in the same city of 23% ( about the same size). Comparing people who both work and live in the same city to the United States average of 42%, Zumbro Falls is approximately half the size. Also, benchmarked against the state of Minnesota, people who both work and live in the same city of 34%, Zumbro Falls is approximately three-fourths the size.

Zumbro 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. Zumbro Falls shows it has the hightest median earnings of $63,750 for the earnings-natural resources, construction, maintenance occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Zumbro Falls depicts it has the hightest median earnings of $58,125 for the earnings-healthcare practitioners and tech occupations classification. The table in Figure 48, shows Zumbro Falls employment data in terms of job categories and salary data.

Zumbro 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. Zumbro Falls depicts it has the hightest entrepreneurs of 50% for the self employed management, business, science, and arts businesses aggregate.

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. Zumbro Falls shows it has the hightest entrepreneurs of 50% for the self employed in manufacturing category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Zumbro Falls shows it has a Self Employment Income of $62,508 which is the largest of all places in the greater Zumbro Falls region. Comparing average annual self employment income to the United States average of $39,154, Zumbro Falls is 59.6% larger. Also, benchmarked against the state of Minnesota, average annual self employment income of $36,330, Zumbro Falls is 72.1% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Zumbro Falls depicts total number of self-employed men 42.9% larger as the total number of self-employed women.