Lake Winnebago Missouri Income Charts

This section shows the Lake Winnebago Missouri economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Lake Winnebago shows it has a Median earnings of $85,114 which is the highest of all places in the greater Lake Winnebago region. Comparing median earnings per worker to the United States average of $49,041, Lake Winnebago is 73.6% larger. Also, compared with the state of Missouri, median earnings per worker of $44,279, Lake Winnebago is about twice as large.

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 $116,875 which is the most of all places in the greater Lake Winnebago region. Comparing median household income to the United States average of $62,843, Lake Winnebago is about twice as large. Also, in comparison with the state of Missouri, median household income of $55,461, Lake Winnebago is about twice as large.

The next section examines a variety of different income statistics for the Lake Winnebago metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 2.5% of the total. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 14.6% of the total. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 29.4% 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 38.8 which is the smallest when sorted by average hours of all the other places in the greater region. The city with the highest average hours in the area is Lake Lotawana which depicts an average hours of 40.2 (only about 3.6% 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 $42.19 which is the largest of all places in the greater Lake Winnebago region. Comparing average hourly earnings to the United States average of $24.31, Lake Winnebago is 73.6% larger. Also, measured against the state of Missouri, average hourly earnings of $21.89, Lake Winnebago is about twice as large.

Figure 7 examines the number of self employed people in the Lake Winnebago metro area based on the number of people who reported any self employment income. Lake Winnebago depicts it has a Self Employed of 16.6% which is the second most people self employed of all the places in the greater Lake Winnebago region. The city with the highest percentage of people self employed in the area is Lake Lotawana which depicts a percentage self employed of 19.5% (17.7% larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $150,341 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $153,333 of the total and is ranked #1. Third, it has the largest proportion of median income-45 to 64 years at $94,286 of the total and is ranked #1.

Figure 9 breaks down the source of income and Lake Winnebago has the largest proportion of self employment income at 14.4% of the total and is ranked #1.

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 25.2% which is at the top of all other places in the greater Lake Winnebago region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $132,361 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Lake Winnebago shows it has the hightest cost of 186.2 for the cost of housing grouping.

Lake Winnebago 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 Pandemic the monthly unemployment rate went from 7.2% to 2.7% in February 2020. This represents a decrease in the monthly unemployment rate of 62.5%. Since that time, the monthly unemployment rate has gone to 3.0% This represents an increase in the monthly unemployment rate of 11.1%. 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 February 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 50,829 to 55,718 in February 2020. This represents an increase in the monthly labor force participation of 9.6%. Since that time, the monthly labor force participation has gone to 52,945 This represents a decrease in the monthly labor force participation of 5.0%.

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 Lake Winnebago depicts it has a Unemployment Rate of 1.6% which is in the mid range of other places in the greater region. The city with the highest unemployment rate in the area is Baldwin Park which shows a rate of 5.7% (approximately 3.5 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lake Winnebago shows it has a Labor Force Participation of 61.7% which is the second smallest in terms of participation rate of all the other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lake Winnebago shows full time employees approximately 2.9 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 Lake Winnebago area. Lake Winnebago depicts it has a Single Earner Families of 29.1% which is the largest of all places in the greater region. The percentage of families with no one working is depicted in Figure 22. Lake Winnebago depicts it has a Families with No One Working of 20.5% which is the largest of all places in the greater Lake Winnebago region.

Lake Winnebago Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Lake Winnebago 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. Lake Winnebago depicts it has a Total In Poverty of 23 which is the second smallest in order of total people earning less than the poverty level of all the other places in the metropolitan area. The city with the highest total people earning less than the poverty level in the area is Lees Summit which depicts a total people earning less than the poverty level of 4,448 ( markedly bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lake Winnebago depicts it has a Percent of Population In Poverty of 2.1% which is the smallest when sorted by percent of people earning less than the poverty level of all the other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Baldwin Park which depicts a percent of people in poverty of 19.8% ( very much bigger).

In Figure 25 people who are in poverty are broken out by age group. Lake Winnebago has one of the largest proportions of person in poverty 18 to 34 years at 26% of the total and is ranked #2. The only larger city being Pleasant Hill with 28%. Second, it has one of the largest proportions of person in poverty 35 to 54 years at 39% of the total and is ranked #2. The only larger city being Lake Lotawana with 43%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Lake Winnebago has the smallest proportion of less than highschool in poverty at 2% of the total.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lake Winnebago depicts it has a Gini Index of 44.1% which is the highest of all places in the greater Lake Winnebago region.

Lake Winnebago Missouri Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lake Winnebago has the smallest proportion of people who leave for work between 5am to 530am at 0% of the total. Second, it has the smallest proportion of people who leave for work between 530 am to 6am at 5% of the total. Third, it has the smallest proportion of people who leave for work between 6am to 630am at 10% of the total. Also, it has the largest proportion of people who leave for work between 7am to 730am at 18% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 730 am to 8am at 22% of the total and is ranked #1. Furthermore, it has the largest proportion of people who leave for work between 8am to 830am at 6% of the total and is ranked #1. Next it has the largest proportion of people who leave for work between 830 am to 9am at 8% of the total and is ranked #1. Additionally, it has the smallest proportion of people who leave for work between 12noon to 4pm at 5% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Lake Winnebago has the percentage of people with commute time between 5 to 9 minutes in the mid range of other places in the surrounding region at 9% of the total. Second, it has the largest proportion of people with commute time between 15 to 19 minutes at 18% of the total and is ranked #1. Third, it has the smallest proportion of people with commute time between 45 to 59 minutes at 1% of the total.

The average commute time is shown in Figure 37. Lake Winnebago shows it has a Avg Commute Time of 27 which is the second smallest when sorted by average commute time of all the other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Lake Winnebago depicts average commute time in minutes for men 18.7% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lake Winnebago has the percentage of no vehicle available less than most other places in the greater region at 8% of the total. Second, it has one of the largest proportions of 1 vehicle available at 51% of the total and is ranked #3. Only #2 Greenwood (56%), and #1 Pleasant Hill (59%) are larger. Third, it has one of the largest proportions of 2 vehicles available at 33% of the total and is ranked #2. The only larger city being Baldwin Park with 41%. Also, it has the second smallest in order of no vehicle available of all the other places in the area in terms of 3 vehicles available at 7% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Lake Winnebago shows it has a Work in city or place where live of 8% which is less than most other places in the greater region. The city with the highest people who both work and live in the same city in the area is Lees Summit which shows a people who both work and live in the same city of 34% (approximately 4.1 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Lake Winnebago is approximately a fifth the size. Also, benchmarked against the state of Missouri, people who both work and live in the same city of 40%, Lake Winnebago is approximately a fifth the size.

Lake Winnebago 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. Lake Winnebago depicts it has the hightest median earnings of $250,001 for the earnings-healthcare practitioners and tech occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Lake Winnebago depicts it has the hightest median earnings of $74,688 for the earnings-healthcare practitioners and tech occupations group. The table in Figure 48, shows Lake Winnebago employment data in terms of job categories and salary data.

Lake Winnebago Missouri 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. Lake Winnebago depicts it has the hightest entrepreneurs of 67% for the self employed management, business, science, and arts businesses classification.

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. Lake Winnebago depicts it has the hightest entrepreneurs of 35% for the self employed in educational services, health care and social assistance aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lake Winnebago shows it has a Self Employment Income of $51,468 which is the second most average annual self employment income of all the places in the greater Lake Winnebago region. The city with the highest average annual self employment income in the area is Pleasant Hill which depicts an average annual self employment income of $60,411 (17.4% larger). Comparing average annual self employment income to the United States average of $39,154, Lake Winnebago is 31.5% larger. Also, compared with the state of Missouri, average annual self employment income of $33,069, Lake Winnebago is 55.6% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lake Winnebago depicts total number of self-employed men about twice as large as the total number of self-employed women.