Lac La Belle Wisconsin Income Charts

This section shows the Lac La Belle Wisconsin economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Lac La Belle depicts it has a Median earnings of $124,583 which is at the top of all other places in the greater Lac La Belle region. Comparing median earnings per worker to the United States average of $49,041, Lac La Belle is approximately 2.5 times bigger. Also, compared to the state of Wisconsin, median earnings per worker of $48,208, Lac La Belle is approximately 2.6 times bigger.

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 $159,167 which is the second most of all the places in the greater region. The city with the highest median household income in the area is Oconomowoc Lake which depicts a median income of $216,250 (35.9% larger). Comparing median household income to the United States average of $62,843, Lac La Belle is approximately 2.5 times bigger. Also, benchmarked against the state of Wisconsin, median household income of $61,747, Lac La Belle is approximately 2.6 times bigger.

The next section examines a variety of different income statistics for the Lac La Belle metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest in order of median earnings of less than $10,000 of all the other places in the local area at 2.5% of the total. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 8.2% of the total. Third, it has the smallest proportion of earnings between $20,000 and $49,999 at 10.8% of the total. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 41.8% 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 37.7 which is the smallest when sorted by average hours of all the other places in the surrounding region. The city with the highest average hours in the area is Okauchee Lake CDP which shows an average hours of 40.5 (7.4% 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 $63.55 which is the highest of all places in the local area. Comparing average hourly earnings to the United States average of $24.31, Lac La Belle is approximately 2.6 times bigger. Also, versus the state of Wisconsin, average hourly earnings of $24.02, Lac La Belle is approximately 2.6 times bigger.

Figure 7 examines the number of self employed people in the Lac La Belle metro area based on the number of people who reported any self employment income. Lac La Belle shows it has a Self Employed of 12.7% which is the second most people self employed of all the places in the greater Lac La Belle region. The city with the highest percentage of people self employed in the area is Oconomowoc Lake which shows a percentage self employed of 20.8% (63.7% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $173,125 of the total and is ranked #2. The only larger city being Oconomowoc Lake with $185,000. Second, it has one of the largest proportions of median income-25 to 44 years at $175,000 of the total and is ranked #2. The only larger city being Oconomowoc Lake with $250,000. Third, it has one of the largest proportions of median income-45 to 64 years at $116,250 of the total and is ranked #2. The only larger city being Oconomowoc Lake with $180,000.

Figure 9 breaks down the source of income and Lac La Belle has the largest proportion of income from wages at 11.4% 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 27.3% which is the largest of all places in the surrounding 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 $174,063 of the total and is ranked #2. The only larger city being Oconomowoc Lake with $235,000.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Lac La Belle shows it has the hightest cost of 371.3 for the cost of housing classification.

Lac La Belle 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 January 2006 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 4.7% to 4.4% in March 2020. This represents a decrease in the monthly unemployment rate of 6.4%. Since that time, the monthly unemployment rate has gone to 5.8% This represents an increase in the monthly unemployment rate of 31.8%. 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 41,773 to 41,338 in February 2020. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 40,705 This represents a decrease in the monthly labor force participation of very little. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lac La Belle shows it has a Labor Force Participation of 60.3% which is the smallest when ranked by participation rate of all the other places in the greater region.

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). Lac La Belle has the largest proportion of unemployed at 39.7% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lac La Belle shows full time employees 63.0% 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 Lac La Belle area. Lac La Belle depicts it has a Single Earner Families of 31.8% which is the second most families with a single earner of all the places in the greater Lac La Belle region. The city with the highest families with a single earner in the area is Oconomowoc Lake which shows a single earners rate of 34.3% (7.7% larger). The percentage of families with no one working is depicted in Figure 22. Lac La Belle shows it has a Families with No One Working of 13.6% which is less than most other places in the metro area. The city with the highest families with no one working in the area is Ashippun CDP which depicts a families with no worker of 16.2% (19.1% larger).

Lac La Belle Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Lac La Belle 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. Lac La Belle shows it has a Total In Poverty of 11 which is the smallest when ranked by total people earning less than the poverty level of all the other places in the local area. The city with the highest total people earning less than the poverty level in the area is Oconomowoc which depicts a total people earning less than the poverty level of 977 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lac La Belle depicts it has a Percent of Population In Poverty of 3.7% 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 Ixonia CDP which shows a percent of people in poverty of 6.6% (75.6% larger).

In Figure 25 people who are in poverty are broken out by age group. Lac La Belle has the largest proportion of person in poverty under 12 years at 27% of the total and is ranked #1. Second, it has less than most other places in the metropolitan area when ranked by person in poverty 12 to 17 years at 18% of the total. 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.) Lac La Belle shows it has a Public Assistance Percent of 0.9% which is the smallest when sorted by households with public assistance of all the other places in the metro area. The city with the highest households with public assistance in the area is Ixonia CDP which depicts a households with public assistance of 6.6% ( quite a bit bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lac La Belle shows it has a Gini Index of 47.6% which is the second most the gini index of all the places in the greater Lac La Belle region.

Lac La Belle 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 Lac La Belle 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.) Lac La Belle has the largest proportion of people who take public transportation to work at 4% of the total and is ranked #1. Second, it has the largest proportion of people who bicycle or walk to work at 14% 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 Lac La Belle or elsewhere.) Lac La Belle has the smallest proportion of people who drove alone at 81% of the total. Second, it has the smallest proportion of people who carpooled at 1% of the total. Third, it has the largest proportion of people who bike at 3% of the total and is ranked #1. Also, it has the largest proportion of people who work from home at 14% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lac La Belle has the largest proportion of people who leave for work between 730 am to 8am at 22% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 9am to 10am at 7% 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. Lac La Belle has the percentage of people with commute time of less than 5 minutesutes the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the surrounding region at 4% of the total. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 16% of the total and is ranked #1. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 16% of the total and is ranked #2. The only larger city being Ashippun CDP with 19%. Also, it has the smallest proportion of people with commute time between 20 to 24 minutes at 4% of the total. In addition, it has the largest proportion of people with commute time between 25 to 29 minutes at 18% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 30 to 34 minutes at 6% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 35 to 39 minutes at 11% of the total and is ranked #1.

The average commute time is shown in Figure 37. Lac La Belle shows it has a Avg Commute Time of 29 which is the second most average commute time of all the places in the greater Lac La Belle region. Figure 38 shows the difference between male versus female commuting time. Lac La Belle shows average commute time in minutes for men 76.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lac La Belle has the smallest proportion of no vehicle available at 3% of the total. Second, it has the smallest proportion of 2 vehicles available at 18% of the total. Third, it has the largest proportion of 3 vehicles available at 25% 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.) Lac La Belle depicts it has a Work in city or place where live of 18% which is the second most people who both work and live in the same city of all the places in the greater Lac La Belle region. The city with the highest people who both work and live in the same city in the area is Oconomowoc which depicts a people who both work and live in the same city of 28% (54.0% larger). Comparing people who both work and live in the same city to the United States average of 42%, Lac La Belle is approximately half the size. Also, compared to the state of Wisconsin, people who both work and live in the same city of 40%, Lac La Belle is approximately half the size.

Lac La Belle 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. Lac La Belle shows it has the hightest median earnings of $200,625 for the management, business, and financial occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Lac La Belle shows it has the hightest median earnings of $115,625 for the earnings-healthcare practitioners and tech occupations category. The table in Figure 48, shows Lac La Belle employment data in terms of job categories and salary data.

Lac La Belle 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. Lac La Belle depicts it has the hightest entrepreneurs of 80% for the self employed management, business, science, and arts 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. Lac La Belle shows it has the hightest entrepreneurs of 60% for the self employed in finance, insurance, real estate, rental and leasing grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lac La Belle shows it has a Self Employment Income of $200,971 which is at the top of all other places in the greater Lac La Belle region. Comparing average annual self employment income to the United States average of $39,154, Lac La Belle is considerably bigger. Also, measured against the state of Wisconsin, average annual self employment income of $33,386, Lac La Belle is very much bigger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lac La Belle depicts total number of self-employed men 75.0% larger as the total number of self-employed women.