Krakow CDP Wisconsin Income Charts

This section shows the Krakow 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, Krakow CDP shows it has a Median earnings of $43,203 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 Angelica CDP which depicts a median earnings of $46,667 (8.0% larger). Comparing median earnings per worker to the United States average of $49,041, Krakow CDP is about 13.5% smaller. Also, measured against the state of Wisconsin, median earnings per worker of $48,208, Krakow CDP is about 11.6% 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 $63,958 which is the largest of all places in the greater Krakow CDP region. Comparing median household income to the United States average of $62,843, Krakow CDP is only slightly larger. Also, in comparison with the state of Wisconsin, median household income of $61,747, Krakow CDP is only about 3.6% larger.

The next section examines a variety of different income statistics for the Krakow CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $10,000 and $14,999 at 1.5% of the total. Second, it has one of the largest proportions of earnings between $15,000 and $19,999 at 44.2% of the total and is ranked #2. The only larger place being Gillett with 45.4%. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 18.8% 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 45.6 which is the highest of all places in the metro area. 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 $18.22 which is the second smallest in order of average hourly earnings of all the other places in the metro area. The place with the highest average hourly earnings in the area is Pulcifer CDP which depicts an average hourly earnings of $28.24 (55.0% larger). Comparing average hourly earnings to the United States average of $24.31, Krakow CDP is approximately three-fourths the size. Also, in contrast to the state of Wisconsin, average hourly earnings of $24.02, Krakow CDP is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Krakow CDP metro area based on the number of people who reported any self employment income. Krakow CDP shows it has a Self Employed of 17.2% which is the second most people self employed of all the places in the greater Krakow CDP region. The place with the highest percentage of people self employed in the area is Angelica CDP which indicates a percentage self employed of 20.0% (16.6% larger).

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 $80,375 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $73,750 of the total and is ranked #2. The only larger place being Bonduel with $79,659. Third, it has the second smallest in terms of median income for those under 25 years of age of all the other places in the metro area in terms of median income-45 to 64 years at $18,125 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 13.6% which is the second smallest in order of households with retirement income of all the other places in the greater region. The place with the highest households with retirement income in the area is Pulcifer CDP which depicts a households with retirement income of 45.2% (approximately 3.3 times bigger).

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 $72,500 of the total and is ranked #3. Only #2 Pulcifer CDP ($72,917), and #1 Bonduel ($78,482) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Krakow CDP depicts it has the hightest cost of 118.6 for the cost of utilities group.

Krakow 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 shows that from February 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 14.1% to 3.8% in February 2020. This represents a decrease in the monthly unemployment rate of 73.0%. Since that time, the monthly unemployment rate has gone to 5.3% This represents an increase in the monthly unemployment rate of 39.5%. 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 Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 57,473 to 54,200 in February 2020. This represents a decrease in the monthly labor force participation of 5.7%. Since that time, the monthly labor force participation has gone to 54,834 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 Krakow CDP shows it has a Unemployment Rate of 0.7% which is less than most other places in the local area. The place with the highest unemployment rate in the area is Green Valley CDP which shows a rate of 9.6% ( very much bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Krakow CDP shows it has a Labor Force Participation of 68.8% which is the second most of all the places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Krakow CDP depicts full time employees very much 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 Krakow CDP area. Krakow CDP depicts it has a Single Earner Families of 18.1% which is the second smallest in terms of families with a single earner of all the other places in the local area. The place with the highest families with a single earner in the area is Green Valley CDP which depicts a single earners rate of 48.4% (approximately 2.7 times bigger). The percentage of families with no one working is depicted in Figure 22. Krakow CDP depicts it has a Families with No One Working of 18.1% which is in the mid range of other places in the greater region. The place with the highest families with no one working in the area is Pulcifer CDP which depicts a families with no worker of 28.6% (58.1% larger).

Krakow CDP Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Krakow 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. Krakow CDP shows it has a Total In Poverty of 16 which is in the mid range of other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is Pulaski which depicts a total people earning less than the poverty level of 502 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Krakow CDP depicts it has a Percent of Population In Poverty of 4.6% which is the second smallest as measured by percent of people earning less than the poverty level of all the other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Pulaski which shows a percent of people in poverty of 14.4% (approximately 3.1 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Krakow CDP has the largest proportion of person in poverty 55 to 64 years at 81% of the total and is ranked #1.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Krakow CDP shows it has a Gini Index of 42.1% which is the largest of all places in the greater Krakow CDP region.

Krakow 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 Krakow 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.) Krakow CDP has the largest proportion of people who take public transportation to work at 9% 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 Krakow CDP or elsewhere.) Krakow CDP has the largest proportion of people who take a Subway or elevated rail at 2% of the total and is ranked #1. Second, it has the largest proportion of people who walked at 9% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Krakow CDP has the largest proportion of people who leave for work between 12am to 5am at 15% of the total and is ranked #1. Second, it has in the middle range of other places in the surrounding region in terms of people who leave for work between 5am to 530am at 6% of the total. Third, it has the largest proportion of people who leave for work between 7am to 730am at 13% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 830 am to 9am at 9% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 9am to 10am at 5% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who leave for work between 12noon to 4pm at 1% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Krakow CDP has the percentage of people with commute time of less than 5 minutesutes less than most other places in the surrounding region at 2% of the total. Second, it has in the middle range of other places in the metropolitan area in terms of people with commute time between 5 to 9 minutes at 12% of the total. Third, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the metro area in terms of people with commute time between 10 to 14 minutes at 5% of the total. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 11% of the total and is ranked #1.

The average commute time is shown in Figure 37. Krakow CDP shows it has a Avg Commute Time of 24 which is in the mid range of other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Krakow CDP depicts average commute time in minutes for men 29.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Krakow CDP has one of the largest proportions of no vehicle available at 24% of the total and is ranked #3. Only #2 Gillett (24%), and #1 Green Valley CDP (37%) are larger. Second, it has in the mid range of other places in the local area as measured by 1 vehicle available at 41% of the total. Third, it has the second smallest when sorted by no vehicle available of all the other places in the surrounding region in order of 2 vehicles available at 15% of the total. Also, it has one of the largest proportions of 3 vehicles available at 21% of the total and is ranked #2. The only larger place being Angelica CDP with 24%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Krakow CDP depicts it has a Work in city or place where live of 9% which is the second smallest as measured by people who both work and live in the same city of all the other places in the metropolitan area. The place with the highest people who both work and live in the same city in the area is Bonduel which shows a people who both work and live in the same city of 32% (approximately 3.5 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Krakow CDP is approximately a fifth the size. Also, in contrast to the state of Wisconsin, people who both work and live in the same city of 40%, Krakow CDP is approximately a quarter the size.

Krakow 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. Krakow CDP depicts it has the hightest median earnings of $81,375 for the earnings-sales and office occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Krakow CDP shows it has the hightest median earnings of $33,125 for the management, business, and financial occupations classification. The table in Figure 48, shows Krakow CDP employment data in terms of job categories and salary data.

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

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. Krakow CDP shows it has the hightest entrepreneurs of 100% for the self employed in construction group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Krakow CDP depicts it has a Self Employment Income of $15,421 which is in the middle range of other places in the greater region. The place with the highest average annual self employment income in the area is Bonduel which shows an average annual self employment income of $73,802 (approximately 4.8 times bigger). Comparing average annual self employment income to the United States average of $39,154, Krakow CDP is approximately half the size. Also, in contrast to the state of Wisconsin, average annual self employment income of $33,386, Krakow CDP is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Krakow CDP shows total number of self-employed men approximately 2.7 times bigger as the total number of self-employed women.