Muskegon Area Sustainability Coalition

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Economic Prosperity
Summary Reports
 Economic Prosperity
 
 
The indicators selected for Economic Prosperity are related to income and wages, employment, and other factors associated with potential for economic development.
  • Per Capita Personal Income
  • Employment Growth
  • Employment Distribution
  • Bachelor's Degrees
  • Average Weekly Wages
  • Population Growth
     

 

 

 

 

How you can help move the Economic Prosperity dial...

  • Support local businesses.
  • Mentor a young person; encourage post-secondary education.
  • Advocate for a diverse business climate.

 

 

 

 

 


 Summary Tables

 

 

   Based on most current data through October 2011.

 


Economic Prosperity Sector - 2008 Indicators and Scores

Indicator

Muskegon County

West MI

Michigan

U.S.

Measure

Index

Measure

Index

Measure

Index

Measure

Index

Per Capita Personal Income

$28,062

1.6

$32,057

1.9

$34,953

2.2

$40,166

2.7

Employment Growth
avg/year 2004-08

0.04%

1.1

0.14%

1.2

-0.21%

1.0

1.51%

3.3

Employment Distribution

0.972

2.7

1.066

3.7

0.904

2.0

NA

 

Bachelor's Degrees  
ages 25 to 34

16.9%

2.0

27.0%

3.2

27.3%

3.2

29.2%

3.4

Average Weekly Wages

$693

1.9

$735

2.1

$903

3.0

$876

2.9

Population Growth              avg/year 2004-08

0.21%

4.8

0.49%

4.5

-0.01%

2.0

0.77%

4.2

Sector Index

2.4

2.8

2.2

3.3

 


 

Economic Prosperity Sector - 2007 Indicators and Scores

Indicator

Muskegon County

West MI1

East MI2

Michigan

U.S.

Measure

Index

Measure

Index

Measure

Index

Measure

Index

Measure

Index

Per Capita Personal Income

$26,880

1.6

$31,839

2.1

$29,012

2.0

$34,423

2.6

$36,714

2.7

Employment Growth              average/year 2002-2006

0.80%

2.2

0.86%

2.3

0.02%

0.0

-0.04%

1.0

1.21%

2.9

Employment

Distribution

0.913

2.2

0.966

2.7

0.869

1.7

0.907

2.1

NA

 

Bachelor's Degrees

ages 25 to 34

20.6%

2.4

30.0%

3.5

19.5%

2.6

27.1%

3.2

29.1%

3.4

Average Weekly

Wages

$673

1.8

$737

2.1

$736

2.2

$834

2.8

$855

2.8

Population Growth              average/year 2002-2006

0.21%

4.8

0.49%

4.5

-0.37%

1.8

0.01%

4.9

0.77%

4.2

Sector Index

2.5

2.9

1.8

2.2

3.2

 

 


 

Economic Prosperity Sector - 2006 Indicators and Scores

Indicator

Muskegon County

West MI1

East MI2

Michigan

U.S.

Measure

Index

Measure

Index

Measure

Index

Measure

Index

Measure

Index

Per Capita Personal Income

$26,560

1.8

$31,244

2.3

$28,890

2.0

$33,788

2.6

$36,714

2.9

Employment Growth              average/year 2002-2006

0.52%

1.8

0.24%

1.4

-1.14%

0.0

-0.70%

0.0

0.87%

2.3

Employment

Distribution

0.892

1.9

0.960

2.6

0.873

1.7

0.906

2.1

NA

 

Bachelor's Degrees

ages 25 to 34

18.7%

2.2

26.8%

3.1

23.0%

2.6

27.4%

3.2

28.8%

3.4

Average Weekly

Wages

$653

1.8

$703

2.1

$720

2.2

$811

2.8

$818

2.8

Population Growth              average/year 2002-2006

0.28%

4.7

0.54%

4.4

-0.24%

1.8

0.12%

4.9

0.75%

4.2

Sector Index

2.4

2.7

1.7

2.6

3.1

 


 

Economic Prosperity Sector - 2005 Indicators and Scores

Indicator

Muskegon County

West MI1

East MI2

Michigan

U.S.

Measure

Index

Measure

Index

Measure

Index

Measure

Index

Measure

Index

Per Capita Personal Income

$25,626

2.2

$30,137

3.0

$26,935

2.4

$32,694

3.2

$34,757

3.5

Employment Growth              average/year 2002-2006

0.21%

1.3

-0.10%

0.9

-1.23%

0.0

-0.80%

0.0

0.30%

1.5

Employment

Distribution

0.893

1.9

0.955

2.6

0.871

1.7

1.020

3.2

NA

 

Bachelor's Degrees

ages 25 to 34

18.5%

2.2

27.9%

3.3

22.0%

2.6

28.2%

3.3

29.9%

3.5

Average Weekly

Wages

$635

1.9

$685

2.5

$692

2.2

$793

2.8

$782

2.7

Population Growth              average/year 2002-2006

0.33%

4.7

0.58%

4.4

-0.13%

1.9

0.20%

4.8

0.76%

4.2

Sector Index

2.4

2.8

1.8

2.9

3.1

 


 

Economic Prosperity Sector - 2000 Indicators and Scores

Indicator

Muskegon County

West MI1

East MI2

Michigan

U.S.

Measure

Index

Measure

Index

Measure

Index

Measure

Index

Measure

Index

Per Capita Personal Income

$23,130

2.1

$26,799

2.6

$26,679

2.5

$29,554

2.9

$29,845

2.9

Employment Growth              avg/year 2002-2006

1.54%

3.3

1.75%

3.6

-0.48%

0.3

1.31%

3.0

1.82%

3.8

Employment

Distribution

0.897

2.0

0.933

2.3

0.855

1.5

0.897

2.0

NA

 

Bachelor's Degrees

ages 25 to 34

14.1%

1.7

25.5%

3.0

19.2%

2.3

26.0%

3.1

27.5%

3.2

Average Weekly

Wages

$596

2.3

$621

2.5

$653

2.7

$712

3.1

$679

2.9

Population Growth              aveg/year 2002-2006

0.54%

4.5

1.11%

3.9

-0.08%

1.9

0.54%

4.5

0.37%

4.6

Sector Index

2.7

3.0

1.9

3.1

3.5

 
[1] Average of data and scores for Muskegon, Kent and Ottawa Counties.

[2] Average of data and scores for Bay, Genesee and Saginaw Counties.