Port Edwards Wisconsin Income Charts

This section shows the Port Edwards Wisconsin economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Port Edwards depicts it has a Median earnings of $47,125 which is in the center range of other places in the greater region. The city with the highest median earnings per worker in the area is Lake Wazeecha CDP which shows a median earnings of $50,956 (8.1% larger). Comparing median earnings per worker to the United States average of $49,041, Port Edwards is only about 4.1% smaller. Also, compared to the state of Wisconsin, median earnings per worker of $48,208, Port Edwards is only about 2.3% 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 $55,913 which is in the mid point range of other places in the greater region. The city with the highest median household income in the area is Lake Wazeecha CDP which depicts a median income of $71,178 (27.3% larger). Comparing median household income to the United States average of $62,843, Port Edwards is about 12.4% smaller. Also, measured against the state of Wisconsin, median household income of $61,747, Port Edwards is about 10.4% smaller.

The next section examines a variety of different income statistics for the Port Edwards metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $10,000 and $14,999 at 4.7% of the total. Second, it has less than most other places in the metro area when sorted by earnings between $15,000 and $19,999 at 29.2% of the total. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 30.9% of the total and is ranked #1. Also, it has the smallest proportion of earnings between $50,000 and $74,999 at 3.2% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.9 which is the second smallest in terms of average hours of all the other places in the greater region. The city with the highest average hours in the area is Lake Arrowhead CDP which shows an average hours of 41.9 (10.6% 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 $23.91 which is in the mid range of other places in the area. The city with the highest average hourly earnings in the area is Biron which shows an average hourly earnings of $26.23 (9.7% larger). Comparing average hourly earnings to the United States average of $24.31, Port Edwards is about the same size. Also, benchmarked against the state of Wisconsin, average hourly earnings of $24.02, Port Edwards is about the same size.

Figure 7 examines the number of self employed people in the Port Edwards metro area based on the number of people who reported any self employment income. Port Edwards depicts it has a Self Employed of 6.6% which is the second smallest when ranked by percentage of people self employed of all the other places in the surrounding region. The city with the highest percentage of people self employed in the area is Lake Wazeecha CDP which depicts a percentage self employed of 14.3% (about twice as large).

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 $55,515 of the total and is ranked #3. Only #2 Nekoosa ($62,237), and #1 Lake Wazeecha CDP ($102,768) are larger. Second, it has in the middle range of other places in the local area in order of median income-25 to 44 years at $72,500 of the total. Third, it has in the mid range of other places in the metro area when ranked by median income-45 to 64 years at $46,250 of the total.

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 32.3% which is in the intermediate range of other places in the metropolitan area. The city with the highest households with retirement income in the area is Lake Arrowhead CDP which depicts a households with retirement income of 45.7% (41.5% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income in the middle range of other places in the surrounding region at $67,321 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Port Edwards depicts it has the hightest cost of 103.6 for the cost of healthcare group.

Port Edwards 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 Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 11.5% to 3.5% in February 2020. This represents a decrease in the monthly unemployment rate of 69.6%. Since that time, the monthly unemployment rate has gone to 4.2% This represents an increase in the monthly unemployment rate of 20.0%. 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 Wuhan Coronavirus Pandemic the monthly labor force participation went from 15,850 to 14,231 in February 2020. This represents a decrease in the monthly labor force participation of 10.2%. Since that time, the monthly labor force participation has gone to 13,680 This represents a decrease in the monthly labor force participation of 3.9%.

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 Port Edwards depicts it has a Unemployment Rate of 4.4% which is the most of all places in the greater Port Edwards region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Port Edwards depicts it has a Labor Force Participation of 53.8% which is less than most other places in the local 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). Port Edwards has the largest proportion of employed at 4.4% 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. Port Edwards shows full time employees approximately 3.1 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 Port Edwards area. Port Edwards depicts it has a Single Earner Families of 23.5% which is the third most families with a single earner of all other places in the greater Port Edwards region. The city with the highest families with a single earner in the area is Wisconsin Rapids which shows a single earners rate of 30.9% (31.8% larger). The percentage of families with no one working is depicted in Figure 22. Port Edwards depicts it has a Families with No One Working of 31.3% which is the third most families with no one working of all other places in the greater Port Edwards region. The city with the highest families with no one working in the area is Lake Arrowhead CDP which shows a families with no worker of 69.2% (approximately 2.2 times bigger).

Port Edwards Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Port Edwards 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. Port Edwards depicts it has a Total In Poverty of 197 which is the third most total people earning less than the poverty level of all other places in the greater Port Edwards region. The city with the highest total people earning less than the poverty level in the area is Wisconsin Rapids which depicts a total people earning less than the poverty level of 2,846 ( 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. Port Edwards shows it has a Percent of Population In Poverty of 11.9% which is the second most percent of people earning less than the poverty level of all the places in the greater Port Edwards region. The city with the highest percent of people earning less than the poverty level in the area is Wisconsin Rapids which depicts a percent of people in poverty of 16.4% (38.6% larger).

In Figure 25 people who are in poverty are broken out by age group. Port Edwards has the largest proportion of person in poverty under 12 years at 14% of the total and is ranked #1. Second, it has in the center range of other places in the greater region when ranked by person in poverty 55 to 64 years at 22% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Port Edwards has one of the largest proportions of unmarried female with children and in poverty at 55% of the total and is ranked #2. The only larger city being Nekoosa with 55%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Port Edwards has the largest proportion of highschool graduate and in poverty at 15% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Port Edwards has the percentage of people who are in poverty and unemployed the second smallest when ranked by people who are in poverty and employed of all the other places in the metropolitan area at 7.1% 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.) Port Edwards depicts it has a Public Assistance Percent of 13.9% which is in the intermediate range of other places in the local area. The city with the highest households with public assistance in the area is Wisconsin Rapids which depicts a households with public assistance of 19.6% (41.3% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Port Edwards depicts it has a Gini Index of 39.4% which is in the mid range of other places in the greater region.

Port Edwards Wisconsin Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Port Edwards or elsewhere.) Port Edwards has one of the largest proportions of people who drove alone at 91% of the total and is ranked #2. The only larger city being Lake Wazeecha CDP with 92%.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Port Edwards has the largest proportion of people who leave for work between 5am to 530am at 7% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 7am to 730am at 17% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 8am to 830am at 1% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Port Edwards has the percentage of people with commute time of less than 5 minutesutes less than most other places in the local area at 10% of the total. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 34% 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 21% of the total and is ranked #2. The only larger city being Lake Wazeecha CDP with 34%. Also, it has the smallest proportion of people with commute time between 15 to 19 minutes at 11% of the total.

The average commute time is shown in Figure 37. Port Edwards shows it has a Avg Commute Time of 19 which is the second smallest in terms of average commute time of all the other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Port Edwards depicts average commute time in minutes for men 24.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Port Edwards has one of the largest proportions of no vehicle available at 20% of the total and is ranked #3. Only #2 Lake Arrowhead CDP (24%), and #1 Wisconsin Rapids (29%) are larger. Second, it has the largest proportion of 1 vehicle available at 51% of the total and is ranked #1. Third, it has the smallest proportion of 2 vehicles available at 14% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Port Edwards shows it has a Work in city or place where live of 13% which is in the mid point range of other places in the greater region. The city with the highest people who both work and live in the same city in the area is Wisconsin Rapids which shows a people who both work and live in the same city of 46% (approximately 3.6 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Port Edwards is approximately a third the size. Also, measured against the state of Wisconsin, people who both work and live in the same city of 40%, Port Edwards is approximately a third the size.

Port Edwards 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. Port Edwards shows it has the hightest median earnings of $85,000 for the management, business, and financial occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Port Edwards shows it has the hightest median earnings of $45,714 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Port Edwards employment data in terms of job categories and salary data.

Port Edwards 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. Port Edwards shows it has the hightest entrepreneurs of 67% 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. Port Edwards shows it has the hightest entrepreneurs of 33% for the self employed in construction aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Port Edwards depicts it has a Self Employment Income of $35,149 which is less than most other places in the metropolitan area. The city with the highest average annual self employment income in the area is Nekoosa which depicts an average annual self employment income of $67,565 (about twice as large). Comparing average annual self employment income to the United States average of $39,154, Port Edwards is about 11.4% smaller. Also, in contrast to the state of Wisconsin, average annual self employment income of $33,386, Port Edwards is only about 5.3% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Port Edwards shows total number of self-employed men approximately 2.2 times bigger as the total number of self-employed women.