Elcho CDP Wisconsin Income Charts

This section shows the Elcho CDP Wisconsin economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Elcho CDP shows it has a Median earnings of $37,361 which is in the mid range of other places in the local area. The place with the highest median earnings per worker in the area is Post Lake CDP which shows a median earnings of $44,688 (19.6% larger). Comparing median earnings per worker to the United States average of $49,041, Elcho CDP is approximately three-fourths the size. Also, compared with the state of Wisconsin, median earnings per worker of $48,208, Elcho CDP is approximately three-fourths the 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 $41,250 which is the third most median income of all other places in the greater Elcho CDP region. The place with the highest median household income in the area is Post Lake CDP which shows a median income of $54,792 (32.8% larger). Comparing median household income to the United States average of $62,843, Elcho CDP is approximately three-fourths the size. Also, benchmarked against the state of Wisconsin, median household income of $61,747, Elcho CDP is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Elcho CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 less than most other places in the greater region at 9.4% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 3.1% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.8 which is the highest of all places in the greater Elcho CDP region. 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 $18.05 which is in the mid range of other places in the greater region. The place with the highest average hourly earnings in the area is Post Lake CDP which depicts an average hourly earnings of $22.50 (24.6% larger). Comparing average hourly earnings to the United States average of $24.31, Elcho CDP is approximately three-fourths the size. Also, compared to the state of Wisconsin, average hourly earnings of $24.02, Elcho CDP is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Elcho CDP metro area based on the number of people who reported any self employment income. Elcho CDP indicates it has a Self Employed of 18.8% which is the highest of all places in the greater Elcho CDP region.

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 $71,250 of the total and is ranked #1. Second, it has the second smallest in order of median income for those under 25 years of age of all the other places in the metro area when ranked by median income-25 to 44 years at $43,750 of the total.

Figure 9 breaks down the source of income and Elcho CDP has the largest proportion of income from wages at 11.9% 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 31.2% which is the third most households with retirement income of all other places in the greater Elcho CDP region. The place with the highest households with retirement income in the area is Summit Lake CDP which depicts a households with retirement income of 52.7% (68.7% larger).

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 in the mid range of other places in the area at $58,750 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. Elcho CDP depicts it has the hightest cost of 101.3 for the cost of healthcare category.

Elcho CDP Wisconsin 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 January 2006 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 4.7% to 4.4% in March 2020. This represents a decrease in the monthly unemployment rate of 6.4%. Since that time, the monthly unemployment rate has gone to 6.7% This represents an increase in the monthly unemployment rate of 52.3%. 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 Pandemic the monthly labor force participation went from 21,021 to 19,660 in February 2020. This represents a decrease in the monthly labor force participation of 6.5%. Since that time, the monthly labor force participation has gone to 19,851 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 Elcho CDP shows it has a Unemployment Rate of 4.2% which is the third most of all other places in the local area. The place with the highest unemployment rate in the area is Mole Lake CDP which shows a rate of 13.7% (approximately 3.2 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Elcho CDP shows it has a Labor Force Participation of 48.6% which is the 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). Elcho CDP has the largest proportion of unemployed at 51.4% 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. Elcho CDP depicts full time employees approximately 2.4 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 Elcho CDP area. Elcho CDP shows it has a Single Earner Families of 23.5% which is the second smallest in terms of families with a single earner of all the other places in the surrounding region. The place with the highest families with a single earner in the area is Mole Lake CDP which shows a single earners rate of 40.8% (73.5% larger). The percentage of families with no one working is depicted in Figure 22. Elcho CDP depicts it has a Families with No One Working of 29.4% which is the second most families with no one working of all the places in the greater Elcho CDP region. The place with the highest families with no one working in the area is Summit Lake CDP which indicates a families with no worker of 54.2% (about twice as large).

Elcho CDP Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Elcho CDP 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. Elcho CDP shows it has a Total In Poverty of 15 which is the second smallest when sorted by total people earning less than the poverty level of all the other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is Antigo which depicts a total people earning less than the poverty level of 1,424 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Elcho CDP shows it has a Percent of Population In Poverty of 6.0% which is the smallest in terms of percent of people earning less than the poverty level of all the other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Mole Lake CDP which shows a percent of people in poverty of 48.5% ( markedly bigger).

In Figure 25 people who are in poverty are broken out by age group. Elcho CDP has the largest proportion of person in poverty 12 to 17 years at 40% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 35 to 54 years at 47% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Elcho CDP has the percentage of married with children and in poverty less than most other places in the local area at 6% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Elcho CDP has the smallest proportion of highschool graduate and in poverty at 4% of the total. 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.) Elcho CDP depicts it has a Public Assistance Percent of 18.0% which is in the middle range of other places in the local area. The place with the highest households with public assistance in the area is Mole Lake CDP which depicts a households with public assistance of 46.6% (approximately 2.6 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Elcho CDP depicts it has a Gini Index of 40.1% which is less than most other places in the metropolitan area.

Elcho CDP Wisconsin 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 Elcho CDP 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.) Elcho CDP has the largest proportion of people who take public transportation to work at 15% 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 Elcho CDP or elsewhere.) Elcho CDP has the smallest proportion of people who carpooled at 2% of the total. Second, it has the largest proportion of people who bike at 2% of the total and is ranked #1. Third, it has the largest proportion of people who walked at 13% of the total and is ranked #1. Also, it has the largest proportion of people who took a taxicab, motorcycle or other 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. Elcho CDP has the largest proportion of people who leave for work between 12am to 5am at 23% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 530 am to 6am at 3% of the total. Third, it has the smallest proportion of people who leave for work between 6am to 630am at 4% of the total. Also, it has the largest proportion of people who leave for work between 830 am to 9am at 11% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 11am to 12noon at 2% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Elcho CDP has the smallest proportion of people with commute time of less than 5 minutesutes at 4% of the total. Second, it has the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the surrounding region when ranked by people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 2% of the total. Also, it has the largest proportion of people with commute time between 20 to 24 minutes at 23% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 25 to 29 minutes at 19% of the total and is ranked #1.

The average commute time is shown in Figure 37. Elcho CDP shows it has a Avg Commute Time of 19 which is the third most average commute time of all other places in the greater Elcho CDP region. Figure 38 shows the difference between male versus female commuting time. Elcho CDP depicts average commute time in minutes for men 40.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Elcho CDP has the largest proportion of no vehicle available at 34% of the total and is ranked #1. Second, it has in the center range of other places in the greater region as measured by 1 vehicle available at 44% of the total. Third, it has the second smallest when ranked by no vehicle available of all the other places in the metropolitan area in terms of 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.) Elcho CDP shows it has a Work in city or place where live of 24% which is the smallest in terms of people who both work and live in the same city of all the other places in the metro area. The place with the highest people who both work and live in the same city in the area is Rhinelander which indicates a people who both work and live in the same city of 73% (approximately 3.0 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Elcho CDP is approximately half the size. Also, in contrast to the state of Wisconsin, people who both work and live in the same city of 40%, Elcho CDP is approximately three-fourths the size.

Elcho CDP Wisconsin 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. Elcho CDP shows it has the hightest median earnings of $48,750 for the earnings-production, transportation, material moving occupations group. The table in Figure 48, shows Elcho CDP employment data in terms of job categories and salary data.

Elcho CDP Wisconsin 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. Elcho CDP depicts it has the hightest entrepreneurs of 100% for the self employed in natural resources, construction, and maintenance businesses category.

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. Elcho CDP depicts it has the hightest entrepreneurs of 100% for the self employed in construction classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Elcho CDP depicts it has a Self Employment Income of $33,733 which is the second most average annual self employment income of all the places in the greater Elcho CDP region. The place with the highest average annual self employment income in the area is Rhinelander which shows an average annual self employment income of $52,482 (55.6% larger). Comparing average annual self employment income to the United States average of $39,154, Elcho CDP is about 16.1% smaller. Also, in comparison with the state of Wisconsin, average annual self employment income of $33,386, Elcho CDP is only slightly larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Elcho CDP depicts total number of self-employed men 60.0% larger as the total number of self-employed women.