North Bay Wisconsin Income Charts

This section shows the North Bay Wisconsin economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, North Bay shows it has a Median earnings of $96,250 which is the second most of all the places in the surrounding region. The city with the highest median earnings per worker in the area is Wind Point which depicts a median earnings of $96,974 ( about the same size). Comparing median earnings per worker to the United States average of $53,269, North Bay is about twice as large. Also, benchmarked against the state of Wisconsin, median earnings per worker of $52,245, North Bay is about twice as large.

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 $98,125 which is the second most of all the places in the local area. The city with the highest median household income in the area is Wind Point which shows a median income of $128,333 (30.8% larger). Comparing median household income to the United States average of $69,021, North Bay is 42.2% larger. Also, measured against the state of Wisconsin, median household income of $67,080, North Bay is 46.3% larger.

The next section examines a variety of different income statistics for the North Bay metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 0.8% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 2.3% of the total. Third, it has the second smallest when ranked 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 14.1% of the total. Also, it has the largest proportion of earnings between $20,000 and $49,999 at 32.0% of the total and is ranked #1. In addition, it has one of the largest proportions of earnings between $75,000 and $99,999 at 28.1% of the total and is ranked #2. The only larger city being Wind Point with 36.0%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 43.4 which is the largest of all places in the greater North Bay 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 $42.65 which is the second most average hourly earnings of all the places in the greater North Bay region. The city with the highest average hourly earnings in the area is Wind Point which depicts an average hourly earnings of $45.82 (7.4% larger). Comparing average hourly earnings to the United States average of $26.40, North Bay is 61.5% larger. Also, benchmarked against the state of Wisconsin, average hourly earnings of $26.03, North Bay is 63.9% larger.

Figure 7 examines the number of self employed people in the North Bay metro area based on the number of people who reported any self employment income. North Bay depicts it has a Self Employed of 5.6% which is the smallest as measured by percentage of people self employed of all the other places in the metropolitan area. The city with the highest percentage of people self employed in the area is Wind Point which shows a percentage self employed of 19.6% (approximately 3.5 times bigger).

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 $165,625 of the total and is ranked #1.

Figure 9 breaks down the source of income and North Bay has the smallest proportion of income from wages at 0.9% of the total. Second, it has the largest proportion of self employment income at 35.3% 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 35.7% which is the third most households with retirement income of all other places in the greater North Bay region. The city with the highest households with retirement income in the area is Elmwood Park which depicts a households with retirement income of 48.5% (35.9% 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 $140,556 of the total and is ranked #2. The only larger city being Wind Point with $145,250.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. North Bay shows it has the hightest cost of 159.2 for the cost of housing category.

North Bay 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 indicates that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 18.0% to 5.2% 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 5.6% This represents an increase in the monthly unemployment rate of 7.7%. 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 virus Pandemic the monthly labor force participation went from 38,923 to 34,073 in March 2020. This represents a decrease in the monthly labor force participation of 12.5%. Since that time, the monthly labor force participation has gone to 35,026 This represents an increase in the monthly labor force participation of 2.8%. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. North Bay depicts it has a Labor Force Participation of 42.8% which is the smallest when sorted by participation rate of all the other places in the metropolitan 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). North Bay has the largest proportion of unemployed at 57.2% 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. North Bay 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 North Bay area. North Bay depicts it has a Single Earner Families of 26.4% which is less than most other places in the area. The city with the highest families with a single earner in the area is Wind Point which indicates a single earners rate of 36.0% (36.4% larger). The percentage of families with no one working is depicted in Figure 22. North Bay shows it has a Families with No One Working of 25.0% which is the second most families with no one working of all the places in the greater North Bay region. The city with the highest families with no one working in the area is Wind Point which shows a families with no worker of 26.2% (only about 4.7% larger).

North Bay Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the North Bay 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. North Bay depicts it has a Total In Poverty of 6 which is the smallest when sorted 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 Racine which depicts a total people earning less than the poverty level of 15,040 ( 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. North Bay depicts it has a Percent of Population In Poverty of 2.6% which is the second smallest in order of percent of people earning less than the poverty level of all the other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Racine which depicts a percent of people in poverty of 19.8% ( considerably bigger).

In Figure 25 people who are in poverty are broken out by age group. North Bay has the largest proportion of person in poverty under 12 years at 17% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 12 to 17 years at 67% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. North Bay has the largest proportion of american indian poverty rate at 100% 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). North Bay depicts it has a Gini Index of 42.6% which is the third most the gini index of all other places in the greater North Bay region.

North Bay 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 North Bay 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.) North Bay has the largest proportion of people who drive a car or motorcycle 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 20% 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 North Bay or elsewhere.) North Bay has the smallest proportion of people who drove alone at 74% of the total. Second, it has the largest proportion of people who take the Long-distance train or commuter rail at 2% of the total and is ranked #1. Third, it has the largest proportion of people who work from home at 20% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. North Bay has the largest proportion of people who leave for work between 6am to 630am at 18% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 630 am to 7am at 4% of the total. Third, it has the largest proportion of people who leave for work between 8am to 830am at 7% 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 8% 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 6% 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. North Bay has one of the largest proportions of people with commute time of less than 5 minutesutes at 15% of the total and is ranked #3. Only #2 Mount Pleasant (17%), and #1 Sturtevant (19%) are larger. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 6% of the total. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 11% of the total. Also, it has the smallest proportion of people with commute time between 25 to 29 minutes at 3% of the total. In addition, it has the largest proportion of people with commute time between 40 to 44 minutes at 20% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 45 to 59 minutes at 10% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 60 to 89 minutes at 10% of the total and is ranked #1.

The average commute time is shown in Figure 37. North Bay shows it has a Avg Commute Time of 35 which is the highest of all places in the greater region. Figure 38 shows the difference between male versus female commuting time. North Bay shows average commute time in minutes for men 13.6% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and North Bay has the percentage of no vehicle available less than most other places in the metropolitan area at 10% of the total. Second, it has one of the largest proportions of 3 vehicles available at 13% of the total and is ranked #2. The only larger city being Caledonia with 14%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) North Bay indicates it has a Work in city or place where live of 21% which is less than most other places in the metro area. The city with the highest people who both work and live in the same city in the area is Racine which depicts a people who both work and live in the same city of 40% (about twice as large). Comparing people who both work and live in the same city to the United States average of 44%, North Bay is approximately half the size. Also, measured against the state of Wisconsin, people who both work and live in the same city of 41%, North Bay is approximately half the size.

North Bay 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. North Bay shows it has the hightest median earnings of $101,250 for the earnings-education, legal, community service, arts, media occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and North Bay depicts it has the hightest median earnings of $172,708 for the earnings-sales and office occupations aggregate. The table in Figure 48, shows North Bay employment data in terms of job categories and salary data.

North Bay 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. North Bay depicts it has the hightest entrepreneurs of 60% 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. North Bay depicts it has the hightest entrepreneurs of 70% for the self employed in construction category.

In Figure 51 the average annual self employment/entrepreneur income is shown. North Bay depicts it has a Self Employment Income of $23,014 which is less than most other places in the greater region. The city with the highest average annual self employment income in the area is Wind Point which shows an average annual self employment income of $68,460 (approximately 3.0 times bigger). Comparing average annual self employment income to the United States average of $42,141, North Bay is approximately half the size. Also, in contrast to the state of Wisconsin, average annual self employment income of $36,338, North Bay is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) North Bay depicts total number of self-employed men 14.3% larger as the total number of self-employed women.