This section shows the Fairchild Wisconsin economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Fairchild depicts it has a Median earnings of $44,167 which is the second most median earnings of all the places in the greater Fairchild region. The city with the highest median earnings per worker in the area is Osseo which depicts a median earnings of $46,339 (only about 4.9% larger). Comparing median earnings per worker to the United States average of $53,269, Fairchild is about 20.6% smaller. Also, measured against the state of Wisconsin, median earnings per worker of $52,245, Fairchild is about 18.3% smaller.
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 $48,250 which is less than most other places in the metropolitan area. The city with the highest median household income in the area is Hixton which depicts a median income of $78,000 (61.7% larger). Comparing median household income to the United States average of $69,021, Fairchild is approximately three-fourths the size. Also, measured against the state of Wisconsin, median household income of $67,080, Fairchild is approximately three-fourths the size. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $22.47 which is the second most average hourly earnings of all the places in the greater Fairchild region. The city with the highest average hourly earnings in the area is Osseo which shows an average hourly earnings of $22.73 ( only slightly larger). Comparing average hourly earnings to the United States average of $26.40, Fairchild is about 17.5% smaller. Also, benchmarked against the state of Wisconsin, average hourly earnings of $26.03, Fairchild is about 15.8% smaller.
Figure 5 examines the number of self employed people in the Fairchild metro area based on the number of people who reported any self employment income. Fairchild depicts it has a Self Employed of 7.3% which is in the mid range of other places in the metropolitan area. The city with the highest percentage of people self employed in the area is Humbird CDP which shows a percentage self employed of 21.5% (approximately 2.9 times bigger).
Figure 6 breaks down the source of income and Fairchild has the smallest proportion of investment and retirement income at 7.2% of the total. Second, it has the largest proportion of social security at 2.4% of the total and is ranked #1.
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 15.1% which is the second smallest in order of households with retirement income of all the other places in the greater region. The city with the highest households with retirement income in the area is Merrillan which shows a households with retirement income of 27.5% (about twice as large).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Fairchild depicts full time employees about twice as large as the part time employees.
Similar to the last chart is Figure 9 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. Fairchild shows it has the hightest entrepreneurs of 33% for the self employed in agriculture, forestry, fishing and hunting, and mining group.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Fairchild depicts it has the hightest cost of 105.5 for the cost of healthcare grouping.
Fairchild Wisconsin Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Fairchild depicts it has a Percent of Population In Poverty of 26.5% which is more than all other places in the area.
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Fairchild depicts it has a Public Assistance Percent of 43.5% which is the largest of all places in the greater Fairchild region.
Fairchild Wisconsin Labor Force Charts
The table in Figure 13, shows Fairchild employment data in terms of job categories and salary data.
The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the COVID-19 Pandemic it went from 3.5% to 2.8% in December 2019. This represents a decrease in the monthly unemployment rate of 20.0%. Since that time, the monthly unemployment rate has gone to 2.8%. This represents an increase in the monthly unemployment rate of very little.
Fairchild Wisconsin Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
Fairchild 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 Fairchild community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 17 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Fairchild has the largest proportion of people who drive a car or motorcycle to work at 1% of the total and is ranked #1. Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Fairchild or elsewhere.) Fairchild has the smallest proportion of people who drove alone at 69% of the total. Second, it has the largest proportion of people who take the bus at 1% of the total and is ranked #1.
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. Fairchild depicts it has a Avg Commute Time of 37 which is more than all other places in the greater Fairchild region.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.