Fall River Wisconsin Income Charts

This section shows the Fall River Wisconsin economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Fall River depicts it has a Median earnings of $52,841 which is the second most median earnings of all the places in the greater Fall River region. The city with the highest median earnings per worker in the area is Columbus which shows a median earnings of $56,204 (6.4% larger). Comparing median earnings per worker to the United States average of $53,269, Fall River is about the same size. Also, compared to the state of Wisconsin, median earnings per worker of $52,245, Fall River is only slightly 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 $75,673 which is the largest of all places in the greater Fall River region. Comparing median household income to the United States average of $69,021, Fall River is 9.6% larger. Also, benchmarked against the state of Wisconsin, median household income of $67,080, Fall River is 12.8% larger.

The next section examines a variety of different income statistics for the Fall River 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 largest proportion of earnings between $50,000 and $74,999 at 12.0% 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 37.1 which is the second smallest when ranked by average hours of all the other places in the metropolitan area. The city with the highest average hours in the area is Doylestown which depicts an average hours of 41.0 (10.5% 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 $27.39 which is the highest of all places in the greater Fall River region. Comparing average hourly earnings to the United States average of $26.40, Fall River is only about 3.7% larger. Also, measured against the state of Wisconsin, average hourly earnings of $26.03, Fall River is only about 5.2% larger.

Figure 7 examines the number of self employed people in the Fall River metro area based on the number of people who reported any self employment income. Fall River depicts it has a Self Employed of 9.4% which is less than most other places in the area. The city with the highest percentage of people self employed in the area is Doylestown which shows a percentage self employed of 17.5% (about twice as large).

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 $80,625 of the total and is ranked #1. Second, it has in the mid range of other places in the area when sorted by median income-25 to 44 years at $84,750 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $50,833 of the total and is ranked #2. The only larger city being Doylestown with $52,500.

Figure 9 breaks down the source of income and Fall River has the smallest proportion of investment and retirement income at 5.1% of the total.

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 14.7% which is the second smallest in order of households with retirement income of all the other places in the metropolitan area. The city with the highest households with retirement income in the area is Cambria which indicates a households with retirement income of 30.6% (about twice as large).

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 $86,875 of the total and is ranked #2. The only larger city being Columbus with $91,719.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Fall River shows it has the hightest cost of 103.1 for the cost of healthcare category.

Fall River Wisconsin Labor Force Charts

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 disasterous Covid-19 virus Pandemic it went from 3.1% to 2.2% in December 2019. This represents a decrease in the monthly unemployment rate of 29.0%. Since that time, the monthly unemployment rate has gone to 2.2%. 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. The monthly labor force participation shows that from January 2017 to before the Coronavirus Pandemic it went from 19,214 to 20,335 in November 2019. This represents an increase in the monthly labor force participation of 5.8%. Since that time, the monthly labor force participation has gone to 20,335. 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 Fall River shows it has a Unemployment Rate of 1.6% which is the second smallest when sorted by unemployment rate of all the other places in the metropolitan area. The city with the highest unemployment rate in the area is Reeseville which shows a rate of 6.1% (approximately 3.8 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Fall River depicts it has a Labor Force Participation of 77.3% which is the highest of all places in the area.

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). Fall River has the smallest proportion of unemployed at 22.7% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Fall River 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 Fall River area. Fall River shows it has a Single Earner Families of 19.3% which is the smallest in order of families with a single earner of all the other places in the local area. The city with the highest families with a single earner in the area is Reeseville which depicts a single earners rate of 41.2% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Fall River depicts it has a Families with No One Working of 4.2% which is the smallest in order of families with no one working of all the other places in the surrounding region. The city with the highest families with no one working in the area is Cambria which depicts a families with no worker of 16.7% (approximately 4.0 times bigger).

Fall River Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Fall River 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. Fall River shows it has a Total In Poverty of 154 which is the third most total people earning less than the poverty level of all other places in the greater Fall River region. The city with the highest total people earning less than the poverty level in the area is Columbus which depicts a total people earning less than the poverty level of 359 (approximately 2.3 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Fall River depicts it has a Percent of Population In Poverty of 9.0% which is in the center range of other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Randolph which shows a percent of people in poverty of 13.0% (44.0% larger).

In Figure 25 people who are in poverty are broken out by age group. Fall River has the largest proportion of person in poverty under 12 years at 26% of the total and is ranked #1. Second, it has the second smallest when sorted by person in poverty under 12 years of all the other places in the local area in terms of person in poverty 55 to 64 years at 1% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Fall River has the largest proportion of white poverty rate at 100% 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. Fall River has the largest proportion of less than highschool in poverty at 13% 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.) Fall River shows it has a Public Assistance Percent of 14.2% which is in the mid point range of other places in the greater region. The city with the highest households with public assistance in the area is Rio which depicts a households with public assistance of 19.2% (35.1% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Fall River shows it has a Gini Index of 34.9% which is less than most other places in the surrounding region.

Fall River Wisconsin Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Fall River or elsewhere.) Fall River has the largest proportion of people who bike at 1% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Fall River has the percentage of people who leave for work between 12am to 5am the second smallest in order of people who leave for work between 12am to 5am of all the other places in the local area at 4% of the total. Second, it has the largest proportion of people who leave for work between 12noon to 4pm at 11% 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. Fall River has one of the largest proportions of people with commute time of less than 5 minutesutes at 16% of the total and is ranked #2. The only larger city being Cambria with 21%. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 11% of the total and is ranked #1. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 6% of the total. Also, it has the smallest proportion of people with commute time between 15 to 19 minutes at 7% of the total. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 8% of the total and is ranked #1.

The average commute time is shown in Figure 37. Fall River shows it has a Avg Commute Time of 28 which is the second most average commute time of all the places in the greater Fall River region. Figure 38 shows the difference between male versus female commuting time. Fall River shows average commute time in minutes for men only about 4.4% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Fall River has the smallest proportion of no vehicle available at 9% of the total. Second, it has the largest proportion of 1 vehicle available at 55% of the total and is ranked #1. Third, it has one of the largest proportions of 4 vehicles available at 4% of the total and is ranked #3. Only #2 Cambria (9%), and #1 Doylestown (21%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Fall River shows it has a Work in city or place where live of 19% which is the second smallest when sorted 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 Columbus which shows a people who both work and live in the same city of 36% (about twice as large). Comparing people who both work and live in the same city to the United States average of 44%, Fall River is approximately half the size. Also, benchmarked against the state of Wisconsin, people who both work and live in the same city of 41%, Fall River is approximately half the size.

Fall River 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. Fall River depicts it has the hightest median earnings of $77,969 for the earnings-computer, engineering, and science occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Fall River indicates it has the hightest median earnings of $76,250 for the earnings-computer, engineering, and science occupations group. The table in Figure 48, shows Fall River employment data in terms of job categories and salary data.

Fall River 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. Fall River shows it has the hightest entrepreneurs of 50% for the self employed in sales and office related businesses aggregate.

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. Fall River shows it has the hightest entrepreneurs of 25% for the self employed in construction group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Fall River shows it has a Self Employment Income of $24,617 which is the second most average annual self employment income of all the places in the greater Fall River region. The city with the highest average annual self employment income in the area is Reeseville which shows an average annual self employment income of $34,026 (38.2% larger). Comparing average annual self employment income to the United States average of $42,141, Fall River is approximately half the size. Also, benchmarked against the state of Wisconsin, average annual self employment income of $36,338, Fall River is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Fall River depicts total number of self-employed men approximately three-fourths the size as the total number of self-employed women.