Elmwood Park-Racine County Wisconsin Income Charts

This section shows the Elmwood Park-Racine County Wisconsin economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Elmwood Park-Racine County depicts it has a median earnings per worker of $60,833 which is the second most median earnings of all the places in the greater Elmwood Park-Racine County region. The city with the highest median earnings per worker in the area is North Bay which depicts a median earnings of $65,000 (6.8% larger). Comparing median earnings per worker to the United States average of $47,712, Elmwood Park-Racine County is 27.5% larger. Also, benchmarked against the state of Wisconsin, median earnings per worker of $46,855, Elmwood Park-Racine County is 29.8% 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 $75,781 which is the second most median income of all the places in the greater Elmwood Park-Racine County region. The city with the highest median household income in the area is North Bay which depicts a median income of $95,417 (25.9% larger). Comparing median household income to the United States average of $60,293, Elmwood Park-Racine County is 25.7% larger. Also, measured against the state of Wisconsin, median household income of $59,209, Elmwood Park-Racine County is 28.0% larger.

The next section examines a variety of different income statistics for the Elmwood Park-Racine County metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 26.8% of the total and is ranked #1. Second, it has in the mid range of other places in the metro area when sorted by earnings of $100,000 more at 6.7% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 35.5 which is the second smallest in terms of average hours of all the other places in the area. The city with the highest average hours in the area is North Bay which depicts an average hours of 45.0 (26.8% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $32.95 which is the largest of all places in the local area. Comparing average hourly earnings to the United States average of $23.71, Elmwood Park-Racine County is 39.0% larger. Also, compared with the state of Wisconsin, average hourly earnings of $23.34, Elmwood Park-Racine County is 41.2% larger.

Figure 7 examines the number of self employed people in the Elmwood Park-Racine County metro area based on the number of people who reported any self employment income. Elmwood Park-Racine County shows it has a percentage of people self employed of 7.1% which is the third most people self employed of all other places in the greater Elmwood Park-Racine County region. The city with the highest percentage of people self employed in the area is North Bay which depicts a percentage self employed of 13.5% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-25 to 44 years at $84,375 of the total and is ranked #3. Only #2 Mount Pleasant ($89,907), and #1 North Bay ($95,625) are larger. Second, it has in the middle range of other places in the greater region when sorted by median income-45 to 64 years at $87,813 of the total. Third, it has one of the largest proportions of median income-65 years and over at $53,125 of the total and is ranked #2. The only larger city being North Bay with $93,750.

Figure 9 breaks down the source of income and Elmwood Park-Racine County has the largest proportion of investment and retirement income at 20.9% of the total and is ranked #1. Second, it has the largest proportion of social security at 11.7% 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 households with retirement income of 38.4% which is at the top of all other places in the greater Elmwood Park-Racine County region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $89,063 of the total and is ranked #2. The only larger city being North Bay with $110,500. Second, it has one of the largest proportions of white family income at $90,500 of the total and is ranked #2. The only larger city being North Bay with $110,500.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Elmwood Park-Racine County depicts it has the hightest cost of 108.1 for the cost of healthcare group.

Elmwood Park-Racine County 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 Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 18.0% to 4.5% in December 2019. This represents a decrease in the monthly unemployment rate of 75.0%. Since that time, the monthly unemployment rate has gone to 4.5% This represents an increase in the monthly unemployment rate of very little. 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 January 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 38,670 to 34,732 in November 2019. This represents a decrease in the monthly labor force participation of 10.2%. Since that time, the monthly labor force participation has gone to 34,732 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 Elmwood Park-Racine County shows it has an unemployment rate of 2.1% which is in the mid range of other places in the area. The city with the highest unemployment rate in the area is Somers which depicts a rate of 5.0% (approximately 2.4 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Elmwood Park-Racine County depicts it has a participation rate of 61.8% which is in the center range of other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Elmwood Park-Racine County shows full time employees about twice as large 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 Elmwood Park-Racine County area. Elmwood Park-Racine County shows it has a families with a single earner of 21.1% which is in the mid point range of other places in the metro area. The city with the highest families with a single earner in the area is Sturtevant which depicts a single earners rate of 28.1% (33.5% larger). The percentage of families with no one working is depicted in Figure 22. Elmwood Park-Racine County shows it has a families with no one working of 22.6% which is more than all other places in the greater Elmwood Park-Racine County region.

Elmwood Park-Racine County Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Elmwood Park-Racine County 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. Elmwood Park-Racine County depicts it has a total people earning less than the poverty level of 34 which is less than most other places in the greater region. The city with the highest total people earning less than the poverty level in the area is Racine which shows a total people earning less than the poverty level of 15,445 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Elmwood Park-Racine County shows it has a percent of people earning less than the poverty level of 6.6% which is less than most other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Racine which shows a percent of people in poverty of 20.4% (approximately 3.1 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Elmwood Park-Racine County has one of the largest proportions of person in poverty 18 to 34 years at 47% of the total and is ranked #2. The only larger city being Somers with 58%. Second, it has the largest proportion of person in poverty 35 to 54 years at 21% of the total and is ranked #1. Third, it has the second smallest in terms of person in poverty under 12 years of all the other places in the local area when ranked by person in poverty 55 to 64 years at 6% of the total. Also, it has the largest proportion of person in poverty 65+ years at 21% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Elmwood Park-Racine County has the largest proportion of black poverty rate at 44% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Elmwood Park-Racine County has the largest proportion of people who are in poverty and unemployed at 20.6% 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.) Elmwood Park-Racine County indicates it has a households with public assistance of 2.4% which is less than most other places in the metro area. The city with the highest households with public assistance in the area is Racine which shows a households with public assistance of 28.7% ( markedly bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Elmwood Park-Racine County shows it has a the gini index of 35.5% which is less than most other places in the metro area.

Elmwood Park-Racine County Wisconsin Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Elmwood Park-Racine County or elsewhere.) Elmwood Park-Racine County has the largest proportion of people who carpooled at 12% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Elmwood Park-Racine County has the largest proportion of people who leave for work between 630 am to 7am at 17% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 7am to 730am at 20% 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. Elmwood Park-Racine County has the percentage of people with commute time between 5 to 9 minutes the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the local area at 10% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 26% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 20% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 40 to 44 minutes at 6% of the total and is ranked #1. In addition, it has the second smallest when ranked by people with commute time of less than 5 minutes of all the other places in the local area as measured by people with commute time of 90 or more minutesutes at 0% of the total.

The average commute time is shown in Figure 37. Elmwood Park-Racine County shows it has an average commute time of 19 which is the second smallest in terms of average commute time of all the other places in the metropolitan area. Figure 38 shows the difference between male versus female commuting time. Elmwood Park-Racine County shows average commute time in minutes for men 69.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Elmwood Park-Racine County has the percentage of 1 vehicle available less than most other places in the area at 11% of the total. Second, it has the largest proportion of 4 vehicles available at 22% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Elmwood Park-Racine County depicts it has a people who both work and live in the same city of 6% which is the second smallest when ranked by people who both work and live in the same city of all the other places in the local area. The city with the highest people who both work and live in the same city in the area is Racine which depicts a people who both work and live in the same city of 45% ( substantially bigger). Comparing people who both work and live in the same city to the United States average of 42%, Elmwood Park-Racine County is approximately an eigth the size. Also, compared to the state of Wisconsin, people who both work and live in the same city of 40%, Elmwood Park-Racine County is approximately a sixth the size.

Elmwood Park-Racine County 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. Elmwood Park-Racine County shows it has the hightest median earnings of $107,656 for the earnings-natural resources, construction, maintenance occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Elmwood Park-Racine County depicts it has the hightest median earnings of $70,625 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Elmwood Park-Racine County employment data in terms of job categories and salary data.

Elmwood Park-Racine County 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. Elmwood Park-Racine County depicts it has the hightest entrepreneurs of 53% for the self employed in sales and office related businesses grouping.

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. Elmwood Park-Racine County depicts it has the hightest entrepreneurs of 47% for the self employed in retail trade grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Elmwood Park-Racine County shows it has an average annual self employment income of $12,653 which is the second smallest when sorted by average annual self employment income of all the other places in the local area. The city with the highest average annual self employment income in the area is North Bay which depicts an average annual self employment income of $37,292 (approximately 2.9 times bigger). Comparing average annual self employment income to the United States average of $37,819, Elmwood Park-Racine County is approximately a third the size. Also, versus the state of Wisconsin, average annual self employment income of $32,970, Elmwood Park-Racine County is approximately a third the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Elmwood Park-Racine County shows total number of self-employed men about 9.1% smaller as the total number of self-employed women.