Morgan township Missouri Income Charts

This section shows the Morgan township Missouri economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Morgan township depicts it has a median earnings per worker of $36,250 which is in the center range of other places in the metropolitan area. The city with the highest median earnings per worker in the area is Ravanna CDP which shows a median earnings of $40,417 (11.5% larger). Comparing median earnings per worker to the United States average of $47,712, Morgan township is approximately three-fourths the size. Also, compared to the state of Missouri, median earnings per worker of $42,474, Morgan township is about 17.2% 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 $41,509 which is the second most of all the places in the greater region. The city with the highest median household income in the area is Lineville which shows a median income of $42,500 ( only slightly larger). Comparing median household income to the United States average of $60,293, Morgan township is approximately three-fourths the size. Also, measured against the state of Missouri, median household income of $53,560, Morgan township is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Morgan township metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the metro area at 7.0% of the total. Second, it has the largest proportion of earnings between $75,000 and $99,999 at 3.1% of the total and is ranked #1. Third, it has the largest proportion of earnings of $100,000 more at 7.5% 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 40.0 which is less than most other places in the metropolitan area. The city with the highest average hours in the area is Ravanna CDP which shows an average hours of 45.4 (13.5% larger). 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 $17.43 which is the second most average hourly earnings of all the places in the greater Morgan township region. The city with the highest average hourly earnings in the area is Lineville which indicates an average hourly earnings of $18.09 (only about 3.8% larger). Comparing average hourly earnings to the United States average of $23.71, Morgan township is approximately three-fourths the size. Also, compared with the state of Missouri, average hourly earnings of $21.05, Morgan township is about 20.8% smaller.

Figure 7 examines the number of self employed people in the Morgan township metro area based on the number of people who reported any self employment income. Morgan township depicts it has a percentage of people self employed of 13.7% which is the third most people self employed of all other places in the greater Morgan township region. The city with the highest percentage of people self employed in the area is Lineville which shows a percentage self employed of 22.8% (66.3% larger).

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 $54,643 of the total and is ranked #1. Second, it has one of the largest proportions of median income-45 to 64 years at $43,750 of the total and is ranked #3. Only #2 Mercer ($45,000), and #1 Lineville ($68,125) are larger. Third, it has one of the largest proportions of median income-65 years and over at $29,250 of the total and is ranked #3. Only #2 Cainsville ($30,417), and #1 Lineville ($31,250) are larger.

Figure 9 breaks down the source of income and Morgan township has the smallest proportion of income from wages at 53.6% of the total. Second, it has the largest proportion of self employment income at 17.5% of the total and is ranked #1. Third, it has the largest proportion of investment and retirement income at 14.7% of the total and is ranked #1. Also, it has the smallest proportion of social security at 13.3% 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 25.8% which is the second most of all the places in the surrounding region. The city with the highest households with retirement income in the area is Ravanna CDP which depicts a households with retirement income of 30.6% (18.5% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $55,313 of the total and is ranked #3. Only #2 Mercer ($55,417), and #1 Lineville ($62,917) are larger. Second, it has one of the largest proportions of white family income at $55,938 of the total and is ranked #2. The only larger city being Lineville with $58,750.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Morgan township depicts it has the hightest cost of 95.9 for the cost of transportation aggregate.

Morgan township Missouri 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 disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 8.4% to 3.8% in December 2019. This represents a decrease in the monthly unemployment rate of 54.8%. Since that time, the monthly unemployment rate has gone to 3.8% 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 depicts that from January 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 12,682 to 12,333 in November 2019. This represents a decrease in the monthly labor force participation of 2.8%. Since that time, the monthly labor force participation has gone to 12,333 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 Morgan township depicts it has an unemployment rate of 1.4% which is the smallest when ranked by unemployment rate of all the other places in the local area. The city with the highest unemployment rate in the area is Spickard which depicts a rate of 7.5% ( very much bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Morgan township depicts it has a participation rate of 53.7% which is the second smallest in terms of 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). Morgan township has the smallest proportion of unemployed at 1.4% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Morgan township shows full time employees approximately 4.2 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 Morgan township area. Morgan township shows it has a families with a single earner of 34.6% which is the largest of all places in the greater Morgan township region. The percentage of families with no one working is depicted in Figure 22. Morgan township shows it has a families with no one working of 22.6% which is less than most other places in the surrounding region. The city with the highest families with no one working in the area is Spickard which depicts a families with no worker of 42.4% (about twice as large).

Morgan township Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Morgan 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. Morgan township shows it has a total people earning less than the poverty level of 154 which is the highest of all places in the greater region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Morgan township depicts it has a percent of people earning less than the poverty level of 11.7% which is the smallest as measured by 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 Spickard which depicts a percent of people in poverty of 48.7% (approximately 4.2 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Morgan township has the percentage of person in poverty under 12 years less than most other places in the metro area at 12% of the total. Second, it has one of the largest proportions of person in poverty 12 to 17 years at 17% of the total and is ranked #3. Only #2 Princeton (18%), and #1 Spickard (21%) are larger. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 20% of the total and is ranked #2. The only larger city being Princeton with 21%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Morgan township has the smallest proportion of white poverty rate at 12% of the total. Second, it has the largest proportion of black poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Morgan township has the percentage of married with children and in poverty in the mid range of other places in the local area at 5% of the total. Second, it has in the mid point range of other places in the local area when sorted by unmarried with children and in poverty at 19% of the total. Third, it has less than most other places in the metro area as measured by unmarried female with children and in poverty at 22% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Morgan township has the percentage of less than highschool in poverty the second smallest as measured by less than highschool in poverty of all the other places in the local area at 15% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 10% 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. Morgan township has the smallest proportion of people who are in poverty and employed at 6.5% of the total. Second, it has one of the largest proportions of people who are in poverty and not in labor force at 29.9% of the total and is ranked #2. The only larger city being Princeton with 31.3%. 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.) Morgan township shows it has a households with public assistance of 9.3% which is the second smallest when sorted by 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 Spickard which shows a households with public assistance of 28.2% (approximately 3.0 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Morgan township depicts it has a the gini index of 42.8% which is the second most the gini index of all the places in the greater Morgan township region.

Morgan township Missouri 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 Morgan 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.) Morgan township has the smallest proportion of people who drive a car or motorcycle to work at 84% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Morgan township or elsewhere.) Morgan township has the percentage of people who carpooled less than most other places in the metro area at 6% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Morgan township has the percentage of people who leave for work between 12am to 5am the second smallest in terms of people who leave for work between 12am to 5am of all the other places in the area at 3% of the total. Second, it has one of the largest proportions of people who leave for work between 5am to 530am at 8% of the total and is ranked #3. Only #2 Princeton (10%), and #1 Ravanna CDP (65%) are larger.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Morgan township has the percentage of people with commute time of less than 5 minutesutes less than most other places in the local area at 8% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 16% of the total and is ranked #2. The only larger city being Princeton with 16%. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 29% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 45 to 59 minutes at 2% of the total. In addition, it has the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the metropolitan area when ranked by people with commute time of 90 or more minutesutes at 1% of the total.

The average commute time is shown in Figure 37. Morgan township shows it has an average commute time of 19 which is the second smallest in order of average commute time of all the other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Morgan township depicts average commute time in minutes for men 40.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Morgan township has the percentage of no vehicle available less than most other places in the greater region at 1% of the total. Second, it has in the mid range of other places in the local area as measured by 1 vehicle available at 29% of the total. Third, it has one of the largest proportions of 2 vehicles available at 38% of the total and is ranked #2. The only larger city being Mercer with 40%. Also, it has less than most other places in the metro area as measured by 4 vehicles available at 3% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Morgan township depicts it has a people who both work and live in the same city of 38% which is ranked #1 of all places in the greater Morgan township region. Comparing people who both work and live in the same city to the United States average of 42%, Morgan township is about 9.6% smaller. Also, in contrast to the state of Missouri, people who both work and live in the same city of 40%, Morgan township is about 5.9% smaller.

Morgan township Missouri 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. Morgan township shows it has the hightest median earnings of $93,750 for the management, business, and financial occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Morgan township shows it has the hightest median earnings of $33,864 for the management, business, and financial occupations classification. The table in Figure 48, shows Morgan township employment data in terms of job categories and salary data.

Morgan township Missouri Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. Morgan township depicts it has an average annual self employment income of $70,007 which is ranked #1 of all places in the surrounding region. Comparing average annual self employment income to the United States average of $37,819, Morgan township is about twice as large. Also, in contrast to the state of Missouri, average annual self employment income of $31,803, Morgan township is approximately 2.2 times bigger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Morgan township shows total number of self-employed men approximately 2.4 times bigger as the total number of self-employed women.