Elcho CDP Wisconsin Income Charts

This section shows the Elcho CDP Wisconsin economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Elcho CDP shows it has a Median earnings of $40,417 which is less than most other places in the metro area. The place with the highest median earnings per worker in the area is Antigo which depicts a median earnings of $43,289 (7.1% larger). Comparing median earnings per worker to the United States average of $53,269, Elcho CDP is approximately three-fourths the size. Also, benchmarked against the state of Wisconsin, median earnings per worker of $52,245, 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 $29,643 which is the second smallest when sorted by median household income of all the other places in the local area. The place with the highest median household income in the area is Post Lake CDP which depicts a median income of $67,500 (approximately 2.3 times bigger). Comparing median household income to the United States average of $69,021, Elcho CDP is approximately half the size. Also, benchmarked against the state of Wisconsin, median household income of $67,080, Elcho CDP is approximately half 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 in the center range of other places in the greater region at 11.4% of the total. Second, it has the second smallest in order of median earnings of less than $10,000 of all the other places in the area when sorted by earnings between $10,000 and $14,999 at 2.6% of the total. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 19.3% of the total. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 4.4% 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 33.2 which is the smallest when sorted by average hours of all the other places in the greater region. The place with the highest average hours in the area is Antigo which depicts an average hours of 38.6 (16.3% 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 $23.41 which is the second most average hourly earnings of all the places in the greater Elcho CDP region. The place with the highest average hourly earnings in the area is Summit Lake CDP which depicts an average hourly earnings of $24.18 (only about 3.3% larger). Comparing average hourly earnings to the United States average of $26.40, Elcho CDP is about 12.8% smaller. Also, in contrast to the state of Wisconsin, average hourly earnings of $26.03, Elcho CDP is about 11.2% smaller.

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 shows it has a Self Employed of 13.2% which is more than all other places in the greater Elcho CDP region.

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest when ranked by median income for those under 25 years of age of all the other places in the greater region at $33,750 of the total. Second, it has less than most other places in the metro area as measured by median income-25 to 44 years at $36,250 of the total.

Figure 9 breaks down the source of income and Elcho CDP has the largest proportion of income from wages 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 36.0% which is the third most of all other places in the surrounding region. The place with the highest households with retirement income in the area is Summit Lake CDP which shows a households with retirement income of 61.3% (70.4% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $46,250 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 indicates 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 February 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 9.8% to 3.5% in February 2020. This represents a decrease in the monthly unemployment rate of 64.3%. Since that time, the monthly unemployment rate has gone to 3.7% This represents an increase in the monthly unemployment rate of 5.7%. 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 COVID-19 Pandemic the monthly labor force participation went from 21,021 to 19,231 in March 2020. This represents a decrease in the monthly labor force participation of 8.5%. Since that time, the monthly labor force participation has gone to 19,949 This represents an increase in the monthly labor force participation of 3.7%.

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 5.3% which is the second most of all the places in the metro area. The place with the highest unemployment rate in the area is Mole Lake CDP which depicts a rate of 10.1% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Elcho CDP depicts it has a Labor Force Participation of 46.5% which is the second smallest in order of participation rate of all the other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Elcho CDP depicts full time employees 16.0% larger 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 42.9% which is the highest of all places in the greater Elcho CDP region. 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 10.7% which is the smallest when ranked by families with no one working of all the other places in the greater region. The place with the highest families with no one working in the area is Summit Lake CDP which depicts a families with no worker of 66.7% ( substantially bigger).

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 62 which is less than most other places in the greater 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 1,615 ( substantially 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 29.4% which is the second most percent of people earning less than the poverty level of all the places in the greater Elcho CDP region. 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 39.6% (34.9% larger).

In Figure 25 people who are in poverty are broken out by age group. Elcho CDP has the largest proportion of person in poverty under 12 years at 34% of the total and is ranked #1. Second, it has less than most other places in the local area in order of person in poverty 12 to 17 years at 8% of the total. Third, it has the smallest proportion of person in poverty 18 to 34 years at 18% of the total. Also, it has the smallest proportion of person in poverty 55 to 64 years at 3% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Elcho CDP has one of the largest proportions of married with children and in poverty at 41% of the total and is ranked #2. The only larger place being Mole Lake CDP with 56%. Second, it has the largest proportion of unmarried with children and in poverty at 86% of the total and is ranked #1.

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 largest proportion of less than highschool in poverty at 36% of the total and is ranked #1. 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 shows it has a Public Assistance Percent of 32.5% which is the most of all places in the greater Elcho CDP region.

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 44.4% which is the third most of all other places in the surrounding region.

Elcho CDP Wisconsin Work Commute Charts

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 one of the largest proportions of people who drove alone at 83% of the total and is ranked #2. The only larger place being Antigo with 87%. Second, it has one of the largest proportions of people who took a taxicab, motorcycle or other at 8% of the total and is ranked #2. The only larger place being Summit Lake CDP with 10%.

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 14% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 6am to 630am at 3% of the total. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 6% of the total. Also, it has the largest proportion of people who leave for work between 11am to 12noon at 32% of the total and is ranked #1.

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 3% of the total. Second, it has the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the greater region as measured by people with commute time between 10 to 14 minutes at 4% of the total. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 17% of the total and is ranked #1.

The average commute time is shown in Figure 37. Elcho CDP depicts it has a Avg Commute Time of 14 which is the second smallest when sorted by average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Elcho CDP depicts average commute time in minutes for men only about 5.9% 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 64% of the total and is ranked #1. Second, it has the second smallest as measured by no vehicle available of all the other places in the local area as measured by 1 vehicle available at 34% of the total. Third, it has the smallest proportion of 2 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.) Elcho CDP shows it has a Work in city or place where live of 51% which is the third most people who both work and live in the same city of all other places in the greater Elcho CDP region. The place with the highest people who both work and live in the same city in the area is Rhinelander which shows a people who both work and live in the same city of 76% (50.5% larger). Comparing people who both work and live in the same city to the United States average of 44%, Elcho CDP is 15.2% larger. Also, compared to the state of Wisconsin, people who both work and live in the same city of 41%, Elcho CDP is 23.4% larger.

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 depicts it has the hightest median earnings of $51,250 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

In Figure 51 the average annual self employment/entrepreneur income is shown. Elcho CDP shows it has a Self Employment Income of $44,200 which is the highest of all places in the greater Elcho CDP region. Comparing average annual self employment income to the United States average of $42,141, Elcho CDP is only about 4.9% larger. Also, measured against the state of Wisconsin, average annual self employment income of $36,338, Elcho CDP is 21.6% larger.