Lime Ridge Wisconsin Income Charts

This section shows the Lime Ridge Wisconsin economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Lime Ridge shows it has a Median earnings of $40,833 which is the second most median earnings of all the places in the greater Lime Ridge region. The city with the highest median earnings per worker in the area is Reedsburg which shows a median earnings of $41,557 ( only slightly larger). Comparing median earnings per worker to the United States average of $49,041, Lime Ridge is about 20.1% smaller. Also, compared with the state of Wisconsin, median earnings per worker of $48,208, Lime Ridge is about 18.1% 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 $67,813 which is the largest of all places in the greater Lime Ridge region. Comparing median household income to the United States average of $62,843, Lime Ridge is 7.9% larger. Also, compared with the state of Wisconsin, median household income of $61,747, Lime Ridge is 9.8% larger.

The next section examines a variety of different income statistics for the Lime Ridge metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 1.1% of the total. Second, it has less than most other places in the local area when sorted by earnings between $10,000 and $14,999 at 3.4% of the total. Third, it has the largest proportion of earnings between $15,000 and $19,999 at 60.9% 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 41.0 which is the highest of all places in the greater 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 $19.15 which is in the middle range of other places in the area. The city with the highest average hourly earnings in the area is Reedsburg which shows an average hourly earnings of $20.08 (only about 4.8% larger). Comparing average hourly earnings to the United States average of $24.31, Lime Ridge is approximately three-fourths the size. Also, compared to the state of Wisconsin, average hourly earnings of $24.02, Lime Ridge is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Lime Ridge metro area based on the number of people who reported any self employment income. Lime Ridge shows it has a Self Employed of 2.9% which is the smallest in order of percentage of people self employed of all the other places in the local area. The city with the highest percentage of people self employed in the area is Rock Springs which shows a percentage self employed of 12.1% (approximately 4.2 times bigger).

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 $71,500 of the total and is ranked #2. The only larger city being La Valle with $71,875. Second, it has one of the largest proportions of median income-25 to 44 years at $69,375 of the total and is ranked #2. The only larger city being Reedsburg with $71,410. Third, it has one of the largest proportions of median income-45 to 64 years at $37,000 of the total and is ranked #3. Only #2 Ironton ($43,750), and #1 Loganville ($45,000) are larger.

Figure 9 breaks down the source of income and Lime Ridge has the largest proportion of investment and retirement income at 19.5% 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 17.4% which is the third most households with retirement income of all other places in the greater Lime Ridge region. The city with the highest households with retirement income in the area is La Valle which indicates a households with retirement income of 20.0% (15.0% 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 $71,500 of the total and is ranked #2. The only larger city being La Valle with $72,813.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Lime Ridge depicts it has the hightest cost of 105.2 for the cost of utilities aggregate.

Lime Ridge 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 January 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 6.3% to 2.2% in March 2020. This represents a decrease in the monthly unemployment rate of 65.1%. Since that time, the monthly unemployment rate has gone to 3.1% This represents an increase in the monthly unemployment rate of 40.9%. 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 January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 141,576 to 155,255 in March 2020. This represents an increase in the monthly labor force participation of 9.7%. Since that time, the monthly labor force participation has gone to 161,087 This represents an increase in the monthly labor force participation of 3.8%.

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 Lime Ridge depicts it has a Unemployment Rate of 1.4% which is the second smallest in order of unemployment rate of all the other places in the area. The city with the highest unemployment rate in the area is Cazenovia which indicates a rate of 3.5% (approximately 2.5 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lime Ridge depicts it has a Labor Force Participation of 58.9% which is the smallest when ranked by participation rate of all the other places in the metro 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). Lime Ridge has the largest proportion of unemployed at 41.1% 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. Lime Ridge depicts 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 Lime Ridge area. Lime Ridge shows it has a Single Earner Families of 26.5% which is the third most of all other places in the surrounding region. The city with the highest families with a single earner in the area is Ironton which depicts a single earners rate of 27.5% (only about 3.7% larger). The percentage of families with no one working is depicted in Figure 22. Lime Ridge depicts it has a Families with No One Working of 20.4% which is the third most families with no one working of all other places in the greater Lime Ridge region. The city with the highest families with no one working in the area is Cazenovia which depicts a families with no worker of 28.6% (40.0% larger).

Lime Ridge Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Lime Ridge 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. Lime Ridge depicts it has a Total In Poverty of 6 which is the smallest when ranked by total people earning less than the poverty level of all the other places in the metro area. The city with the highest total people earning less than the poverty level in the area is Reedsburg which indicates a total people earning less than the poverty level of 1,244 ( 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. Lime Ridge shows it has a Percent of Population In Poverty of 3.4% which is the smallest in order of percent of people earning less than the poverty level of all the other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Cazenovia which shows a percent of people in poverty of 19.4% ( considerably bigger).

In Figure 25 people who are in poverty are broken out by age group. Lime Ridge has one of the largest proportions of person in poverty under 12 years at 17% of the total and is ranked #2. The only larger city being Rock Springs with 24%. Second, it has one of the largest proportions of person in poverty 12 to 17 years at 33% of the total and is ranked #2. The only larger city being Loganville with 34%. Third, it has the largest proportion of person in poverty 35 to 54 years at 17% 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. Lime Ridge has the percentage of less than highschool in poverty the second smallest in terms of less than highschool in poverty of all the other places in the local area at 4% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Lime Ridge has the largest proportion of people who are in poverty and employed at 16.7% of the total and is ranked #1. Second, it has the largest proportion of people who are in poverty and unemployed at 16.7% 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.) Lime Ridge shows it has a Public Assistance Percent of 8.7% which is the smallest when ranked by households with public assistance of all the other places in the greater region. The city with the highest households with public assistance in the area is La Valle which depicts a households with public assistance of 19.4% (approximately 2.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lime Ridge depicts it has a Gini Index of 27.7% which is the second smallest when sorted by the gini index of all the other places in the area.

Lime Ridge Wisconsin Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Lime Ridge or elsewhere.) Lime Ridge has the largest proportion of people who drove alone at 92% of the total and is ranked #1. Second, it has the smallest proportion of people who carpooled at 6% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Lime Ridge has one of the largest proportions of people who leave for work between 12am to 5am at 11% of the total and is ranked #2. The only larger city being Cazenovia with 16%. Second, it has one of the largest proportions of people who leave for work between 5am to 530am at 15% of the total and is ranked #2. The only larger city being Rock Springs with 16%. Third, it has the smallest proportion of people who leave for work between 530 am to 6am at 6% of the total. Also, it has the largest proportion of people who leave for work between 6am to 630am at 17% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 7am to 730am at 2% of the total. Furthermore, it has the largest proportion of people who leave for work between 10am to 11am at 9% of the total and is ranked #1. Next it has the smallest proportion of people who leave for work between 12noon to 4pm at 4% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Lime Ridge has the percentage of people with commute time of less than 5 minutesutes in the center range of other places in the metro area at 2% of the total. Second, it has less than most other places in the local area as measured by people with commute time between 10 to 14 minutes at 16% of the total. Third, it has the largest proportion of people with commute time between 60 to 89 minutes at 9% of the total and is ranked #1.

The average commute time is shown in Figure 37. Lime Ridge depicts it has a Avg Commute Time of 32 which is the second most average commute time of all the places in the greater Lime Ridge region. Figure 38 shows the difference between male versus female commuting time. Lime Ridge shows average commute time in minutes for men about twice as large as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lime Ridge has the smallest proportion of no vehicle available at 5% of the total. Second, it has the smallest proportion of 1 vehicle available at 40% of the total. Third, it has the largest proportion of 2 vehicles available at 52% of the total and is ranked #1. Also, it has the smallest proportion of 3 vehicles available at 2% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Lime Ridge depicts it has a Work in city or place where live of 2% which is the 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 Reedsburg which depicts a people who both work and live in the same city of 56% ( markedly bigger). Comparing people who both work and live in the same city to the United States average of 42%, Lime Ridge is only about 5.7% the size. Also, versus the state of Wisconsin, people who both work and live in the same city of 40%, Lime Ridge is only about 6.0% the size.

Lime Ridge 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. Lime Ridge shows it has the hightest median earnings of $48,750 for the earnings-natural resources, construction, maintenance occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Lime Ridge depicts it has the hightest median earnings of $31,875 for the earnings-sales and office occupations aggregate. The table in Figure 48, shows Lime Ridge employment data in terms of job categories and salary data.

Lime Ridge 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. Lime Ridge shows it has the hightest entrepreneurs of 100% for the self employed in natural resources, construction, and maintenance 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. Lime Ridge depicts it has the hightest entrepreneurs of 100% for the self employed in retail trade classification.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lime Ridge depicts total number of self-employed men 3 times bigger as the total number of self-employed women.