The State of North Dakota Income Charts

This section shows the North Dakota economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, North Dakota depicts it has a Median earnings of $52,785 which is the second most median earnings of all the states in the greater North Dakota region. The state with the highest median earnings per worker in the group is Minnesota which depicts a median earnings of $57,586 (9.1% larger).

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 $68,131 which is the second most median income of all the states in the greater North Dakota region. The state with the highest median household income in the group is Minnesota which depicts a median income of $77,706 (14.1% larger).

The next section examines a variety of different income statistics for the North Dakota metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $20,000 and $49,999 at 24.3% 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 $25.44 which is the second most average hourly earnings of all the states in the greater North Dakota region. The state with the highest average hourly earnings in the group is Minnesota which depicts an average hourly earnings of $28.99 (14.0% larger).

Figure 5 examines the number of self employed people in the North Dakota metro area based on the number of people who reported any self employment income. North Dakota shows it has a Self Employed of 14.8% which is the second most people self employed of all the states in the greater North Dakota region. The state with the highest percentage of people self employed in the group is South Dakota which depicts a percentage self employed of 15.5% (only about 5.4% larger).

Figure 6 breaks down the source of income and North Dakota has the largest proportion of income from wages at 8.1% of the total and is ranked #1. Second, it has the smallest proportion of investment and retirement income at 6.2% of the total. Third, it has the smallest proportion of social security at 0.4% of the total.

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 16.8% which is the smallest when sorted by households with retirement income of all the other states in the surrounding region. The state with the highest households with retirement income in the group is Missouri which depicts a households with retirement income of 23.3% (38.6% larger).

The percentage of full-time workers are compared to the number of part-time workers in Figure 8. North Dakota depicts full time employees approximately 3.6 times bigger as the part time employees.

Similar to the last chart is Figure 9 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. the state of depicts it has the hightest entrepreneurs of 19% for the self employed in construction category.

Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. North Dakota depicts it has the hightest cost of 105.9 for the cost of grocery items group.

The State of North Dakota Poverty Charts

In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. North Dakota depicts it has a Percent of Population In Poverty of 10.7% which is less than most other states in the metropolitan area. The state with the highest percent of people earning less than the poverty level in the group is Missouri which depicts a percent of people in poverty of 12.8% (19.1% 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.) the state of depicts it has a Public Assistance Percent of 7.3% which is the smallest as measured by households with public assistance of all the other states in the greater region. The state with the highest households with public assistance in the group is Missouri which depicts a households with public assistance of 10.8% (48.5% larger).

The State of North Dakota Labor Force Charts

The table in Figure 13, shows North Dakota 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 depicts that from January 2017 to before the disasterous Covid-19 virus Pandemic it went from 3.7% to 3.0% in March 2020. This represents a decrease in the monthly unemployment rate of 18.9%. Since that time, the monthly unemployment rate has gone to 2.5%. This represents a decrease in the monthly unemployment rate of 16.7%.

The State of North Dakota 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.

The State of North Dakota 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 North Dakota 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.) North Dakota has the smallest proportion of people who bicycle or walk to work at 6% of the total. Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown North Dakota or elsewhere.) North Dakota has the largest proportion of people who drove alone at 81% of the total and is ranked #1. Second, it has the largest proportion of people who take the ferry at 0% of the total and is ranked #1. Third, it has the largest proportion of people who took a taxicab, motorcycle or other at 1% of the total and is ranked #1. Also, it has the smallest proportion of people who work from home at 6% of the total.

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. the state of depicts it has a Avg Commute Time of 18 which is the second smallest when ranked by average commute time of all the other states in the greater region.