Lake Wissota CDP Wisconsin Income Charts

This section shows the Lake Wissota 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, Lake Wissota CDP depicts it has a Median earnings of $50,494 which is at the top of all other places in the greater Lake Wissota CDP region. Comparing median earnings per worker to the United States average of $49,041, Lake Wissota CDP is only about 3.0% larger. Also, measured against the state of Wisconsin, median earnings per worker of $48,208, Lake Wissota CDP is only about 4.7% 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 $72,885 which is at the top of all other places in the area. Comparing median household income to the United States average of $62,843, Lake Wissota CDP is 16.0% larger. Also, measured against the state of Wisconsin, median household income of $61,747, Lake Wissota CDP is 18.0% 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 the largest proportion of earnings less than $10,000 at 12.1% of the total and is ranked #1. Second, it has the second smallest in order of median earnings of less than $10,000 of all the other places in the local area in order of earnings between $10,000 and $14,999 at 1.2% of the total. Third, it has the second smallest when sorted by median earnings of less than $10,000 of all the other places in the metro area when ranked by earnings between $15,000 and $19,999 at 34.2% of the total. Also, it has the largest proportion of earnings between $50,000 and $74,999 at 8.8% 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 41.5 which is the most of all places in the greater Lake Wissota CDP region. 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 $23.40 which is the second most average hourly earnings of all the places in the greater Lake Wissota CDP region. The place with the highest average hourly earnings in the area is Fall Creek which depicts an average hourly earnings of $24.82 (6.1% larger). Comparing average hourly earnings to the United States average of $24.31, Lake Wissota CDP is only about 3.9% smaller. Also, measured against the state of Wisconsin, average hourly earnings of $24.02, Lake Wissota CDP is only about 2.6% smaller.

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 depicts it has a Self Employed of 12.8% which is ranked #1 of all places in the greater Lake Wissota CDP region.

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 $76,667 of the total and is ranked #3. Only #2 Lake Hallie ($79,479), and #1 Jim Falls CDP ($87,708) are larger. Second, it has the largest proportion of median income-25 to 44 years at $88,235 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $50,559 of the total and is ranked #3. Only #2 Lake Hallie ($51,563), and #1 Seymour CDP ($58,056) are larger.

Figure 9 breaks down the source of income and Lake Wissota CDP has the largest proportion of self employment income at 17.2% 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 22.2% which is the second most households with retirement income of all the places in the greater Lake Wissota CDP region. The place with the highest households with retirement income in the area is Seymour CDP which depicts a households with retirement income of 30.0% (34.8% larger).

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 $74,712 of the total and is ranked #2. The only larger place being Seymour CDP with $78,750.

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 105.5 for the cost of healthcare classification.

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 Coronavirus Pandemic the monthly unemployment rate went from 9.0% to 3.2% in February 2020. This represents a decrease in the monthly unemployment rate of 64.4%. Since that time, the monthly unemployment rate has gone to 4.0% This represents an increase in the monthly unemployment rate of 25.0%. 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 39,078 to 39,719 in February 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 40,094 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 Lake Wissota CDP shows it has a Unemployment Rate of 0.6% which is the second smallest when sorted by unemployment rate of all the other places in the local area. The place with the highest unemployment rate in the area is Chippewa Falls which depicts a rate of 3.7% ( quite a bit bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lake Wissota CDP depicts it has a Labor Force Participation of 62.0% which is less than most other places in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lake Wissota CDP depicts full time employees approximately 5.0 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 Lake Wissota CDP area. Lake Wissota CDP depicts it has a Single Earner Families of 15.7% 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 Jim Falls CDP which depicts a single earners rate of 30.6% (about twice as large). 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 33.8% which is more than all other 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 170 which is in the middle 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 depicts a total people earning less than the poverty level of 1,976 ( markedly 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 6.1% which is the smallest when sorted 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 Cadott which shows a percent of people in poverty of 20.7% (approximately 3.4 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 12 to 17 years at 38% 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 18 to 34 years at 2% of the total. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 23% of the total and is ranked #2. The only larger place being Jim Falls CDP with 48%.

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 58% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 58% 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 percentage of less than highschool in poverty the second smallest in order of less than highschool in poverty of all the other places in the local area at 4% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 6% 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 indicates it has a Public Assistance Percent of 7.4% which is the smallest when ranked by households with public assistance of all the other places in the metropolitan area. The place with the highest households with public assistance in the area is Cadott which shows a households with public assistance of 23.0% (approximately 3.1 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 35.0% which is the smallest when sorted by the gini index of all the other places in the metro area.

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 1% 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 percentage of people who leave for work between 12am to 5am the second smallest when ranked by people who leave for work between 12am to 5am of all the other places in the metro area at 2% of the total. Second, it has the smallest proportion of people who leave for work between 5am to 530am at 3% of the total. Third, it has the largest proportion of people who leave for work between 530 am to 6am at 13% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 7am to 730am at 19% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 730 am to 8am at 7% of the total. Furthermore, it has the largest proportion of people who leave for work between 830 am to 9am 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. Lake Wissota CDP has the smallest proportion of people with commute time of less than 5 minutesutes at 4% of the total. Second, it has less than most other places in the surrounding region as measured by people with commute time between 5 to 9 minutes at 11% of the total. Third, it has the largest proportion of people with commute time between 45 to 59 minutes at 4% of the total and is ranked #1.

The average commute time is shown in Figure 37. Lake Wissota CDP depicts it has a Avg Commute Time of 27 which is the second most average commute time of all the places in the greater Lake Wissota CDP region. Figure 38 shows the difference between male versus female commuting time. Lake Wissota CDP depicts average commute time in minutes for men 53.1% 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 smallest proportion of no vehicle available at 12% of the total. Second, it has the largest proportion of 4 vehicles available at 11% 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.) Lake Wissota CDP depicts it has a Work in city or place where live of 6% which is the second smallest in terms of people who both work and live in the same city of all the other places in the area. The place with the highest people who both work and live in the same city in the area is Chippewa Falls which depicts a people who both work and live in the same city of 44% ( very much bigger). Comparing people who both work and live in the same city to the United States average of 42%, Lake Wissota CDP is approximately a sixth the size. Also, in contrast to the state of Wisconsin, people who both work and live in the same city of 40%, Lake Wissota CDP is approximately a sixth 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 depicts it has the hightest median earnings of $196,375 for the management, business, and financial occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Lake Wissota CDP depicts it has the hightest median earnings of $66,161 for the earnings-healthcare practitioners and tech 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 shows it has the hightest entrepreneurs of 79% for the self employed management, business, science, and arts businesses category.

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 59% for the self employed in arts, entertainment, recreation, accommodation and food services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lake Wissota CDP depicts it has a Self Employment Income of $12,632 which is less than most other places in the area. The place with the highest average annual self employment income in the area is Seymour CDP which depicts an average annual self employment income of $46,848 (approximately 3.7 times bigger). Comparing average annual self employment income to the United States average of $39,154, Lake Wissota CDP is approximately a third the size. Also, compared with the state of Wisconsin, average annual self employment income of $33,386, Lake Wissota CDP is approximately a third the size.

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 55.1% larger as the total number of self-employed women.