Lake Wissota CDP Wisconsin Income Charts

This section shows the Lake Wissota CDP Wisconsin economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Lake Wissota CDP shows it has a Median earnings of $55,182 which is ranked #1 of all places in the greater Lake Wissota CDP region. Comparing median earnings per worker to the United States average of $53,269, Lake Wissota CDP is only about 3.6% larger. Also, benchmarked against the state of Wisconsin, median earnings per worker of $52,245, Lake Wissota CDP is only about 5.6% 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 $89,276 which is is the uppermost of the places in the greater Lake Wissota CDP region. Comparing median household income to the United States average of $69,021, Lake Wissota CDP is 29.3% larger. Also, measured against the state of Wisconsin, median household income of $67,080, Lake Wissota CDP is 33.1% larger.

The next section examines a variety of different income statistics for the Lake Wissota CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 7.8% of the total and is ranked #2. The only larger place being Cadott with 10.8%. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 21.9% of the total. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 35.4% of the total and is ranked #1. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 15.4% 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 41.1 which is the second most of all the places in the metro area. The place with the highest average hours in the area is Jim Falls CDP which shows an average hours of 42.6 (only about 3.6% 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 $25.82 which is more than all other places in the greater Lake Wissota CDP region. Comparing average hourly earnings to the United States average of $26.40, Lake Wissota CDP is only about 2.3% smaller. Also, in contrast to the state of Wisconsin, average hourly earnings of $26.03, Lake Wissota CDP is about the same size.

Figure 7 examines the number of self employed people in the Lake Wissota CDP metro area based on the number of people who reported any self employment income. Lake Wissota CDP shows it has a Self Employed of 16.9% which is the second most people self employed of all the places in the greater Lake Wissota CDP region. The place with the highest percentage of people self employed in the area is Jim Falls CDP which depicts a percentage self employed of 18.6% (10.6% larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-25 to 44 years at $131,616 of the total and is ranked #1. Second, it has the largest proportion of median income-45 to 64 years at $78,526 of the total and is ranked #1.

Figure 9 breaks down the source of income and Lake Wissota CDP has the largest proportion of income from wages at 14.6% of the total and is ranked #1. Second, it has the largest proportion of self employment income at 25.0% 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 32.0% which is at the top of all other places in the greater Lake Wissota CDP region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $115,104 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Lake Wissota CDP depicts it has the hightest cost of 110.3 for the cost of housing grouping.

Lake Wissota 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 depicts that from February 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 9.0% to 2.6% in February 2020. This represents a decrease in the monthly unemployment rate of 71.1%. Since that time, the monthly unemployment rate has gone to 2.9% This represents an increase in the monthly unemployment rate of 11.5%. 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 disasterous COVID Pandemic the monthly labor force participation went from 39,078 to 39,418 in March 2020. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 40,245 This represents an increase in the monthly labor force participation of 2.1%.

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 Lake Wissota CDP depicts it has a Unemployment Rate of 3.9% which is the second most unemployment rate of all the places in the greater Lake Wissota CDP region. The place with the highest unemployment rate in the area is Jim Falls CDP which shows a rate of 4.1% (6.2% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lake Wissota CDP shows it has a Labor Force Participation of 63.0% which is the second smallest when sorted by participation rate of all the other places in the surrounding region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lake Wissota CDP shows full time employees considerably 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 Lake Wissota CDP area. Lake Wissota CDP depicts it has a Single Earner Families of 16.2% which is less than most other places in the local area. The place with the highest families with a single earner in the area is Chippewa Falls which depicts a single earners rate of 25.7% (59.0% larger). The percentage of families with no one working is depicted in Figure 22. Lake Wissota CDP depicts it has a Families with No One Working of 35.5% which is the largest of all places in the greater Lake Wissota CDP region.

Lake Wissota CDP Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Lake Wissota 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. Lake Wissota CDP depicts it has a Total In Poverty of 169 which is in the center range of other places in the local area. The place with the highest total people earning less than the poverty level in the area is Chippewa Falls which shows a total people earning less than the poverty level of 1,701 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lake Wissota CDP shows it has a Percent of Population In Poverty of 6.0% which is less than most other places in the surrounding region. The place with the highest percent of people earning less than the poverty level in the area is Cadott which shows a percent of people in poverty of 15.9% (approximately 2.7 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Lake Wissota CDP has the largest proportion of person in poverty under 12 years at 14% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 12 to 17 years at 46% of the total and is ranked #1. Third, it has the smallest proportion of person in poverty 55 to 64 years at 2% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Lake Wissota CDP has the largest proportion of married with children and in poverty at 69% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 69% 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. Lake Wissota CDP has the smallest proportion of less than highschool in poverty at 1% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 2% 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.) Lake Wissota CDP shows it has a Public Assistance Percent of 5.7% which is the second smallest in terms of households with public assistance of all the other places in the surrounding region. The place with the highest households with public assistance in the area is Cadott which depicts a households with public assistance of 19.2% (approximately 3.4 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lake Wissota CDP depicts it has a Gini Index of 43.8% which is more than all other places in the greater Lake Wissota CDP region.

Lake Wissota CDP Wisconsin Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Lake Wissota CDP or elsewhere.) Lake Wissota CDP has the largest proportion of people who bike at 3% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lake Wissota CDP has the smallest proportion of people who leave for work between 5am to 530am at 3% of the total. Second, it has the smallest proportion of people who leave for work between 6am to 630am at 8% of the total. Third, it has the largest proportion of people who leave for work between 830 am to 9am at 21% 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. Lake Wissota CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 12% of the total and is ranked #3. Only #2 Cadott (12%), and #1 Chippewa Falls (21%) are larger. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 26% of the total and is ranked #2. The only larger place being Seymour CDP with 46%. Third, it has less than most other places in the surrounding region when ranked by people with commute time between 10 to 14 minutes at 14% of the total. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 29% of the total and is ranked #1.

The average commute time is shown in Figure 37. Lake Wissota CDP shows it has a Avg Commute Time of 19 which is less than most other places in the area. Figure 38 shows the difference between male versus female commuting time. Lake Wissota CDP depicts average commute time in minutes for men 31.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lake Wissota CDP has the percentage of no vehicle available in the middle range of other places in the metro area at 11% of the total. Second, it has the smallest proportion of 1 vehicle available at 38% of the total. Third, it has the largest proportion of 2 vehicles available at 36% of the total and is ranked #1. Also, it has less than most other places in the greater region when ranked by 4 vehicles available at 0% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Lake Wissota CDP depicts it has a Work in city or place where live of 8% 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 surrounding region. The place with the highest people who both work and live in the same city in the area is Chippewa Falls which shows a people who both work and live in the same city of 44% ( markedly bigger). Comparing people who both work and live in the same city to the United States average of 44%, Lake Wissota CDP is approximately a sixth the size. Also, compared to the state of Wisconsin, people who both work and live in the same city of 41%, Lake Wissota CDP is approximately a fifth the size.

Lake Wissota 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. Lake Wissota CDP shows it has the hightest median earnings of $227,653 for the earnings-sales and office occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Lake Wissota CDP shows it has the hightest median earnings of $62,875 for the earnings-education, legal, community service, arts, media occupations classification. The table in Figure 48, shows Lake Wissota CDP employment data in terms of job categories and salary data.

Lake Wissota 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. Lake Wissota CDP depicts it has the hightest entrepreneurs of 46% 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. Lake Wissota CDP shows it has the hightest entrepreneurs of 75% for the self employed in retail trade group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lake Wissota CDP depicts it has a Self Employment Income of $115,988 which is ranked #1 of all places in the greater Lake Wissota CDP region. Comparing average annual self employment income to the United States average of $42,141, Lake Wissota CDP is approximately 2.8 times bigger. Also, measured against the state of Wisconsin, average annual self employment income of $36,338, Lake Wissota CDP is approximately 3.2 times bigger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lake Wissota CDP shows total number of self-employed men about twice as large as the total number of self-employed women.