Port Washington Wisconsin Income Charts

This section shows the Port Washington 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 Washington depicts it has a Median earnings of $53,240 which is less than most other places in the metropolitan area. The city with the highest median earnings per worker in the area is Cedarburg which depicts a median earnings of $64,591 (21.3% larger). Comparing median earnings per worker to the United States average of $49,041, Port Washington is 8.6% larger. Also, compared to the state of Wisconsin, median earnings per worker of $48,208, Port Washington is 10.4% 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 $68,167 which is less than most other places in the greater region. The city with the highest median household income in the area is Cedarburg which shows a median income of $88,487 (29.8% larger). Comparing median household income to the United States average of $62,843, Port Washington is 8.5% larger. Also, in contrast to the state of Wisconsin, median household income of $61,747, Port Washington is 10.4% larger.

The next section examines a variety of different income statistics for the Port Washington metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 7.3% of the total and is ranked #2. The only larger city being Saukville with 8.4%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.2 which is the third most average hours of all other places in the greater Port Washington region. The city with the highest average hours in the area is Fredonia which depicts an average hours of 39.9 (only about 4.5% 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 $26.80 which is in the mid point range of other places in the area. The city with the highest average hourly earnings in the area is Cedarburg which shows an average hourly earnings of $32.77 (22.3% larger). Comparing average hourly earnings to the United States average of $24.31, Port Washington is 10.3% larger. Also, benchmarked against the state of Wisconsin, average hourly earnings of $24.02, Port Washington is 11.6% larger.

Figure 7 examines the number of self employed people in the Port Washington metro area based on the number of people who reported any self employment income. Port Washington depicts it has a Self Employed of 8.5% which is in the mid point range of other places in the local area. The city with the highest percentage of people self employed in the area is Grafton which depicts a percentage self employed of 12.3% (45.1% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest in order of median income for those under 25 years of age of all the other places in the metropolitan area at $75,052 of the total. Second, it has less than most other places in the surrounding region in order of median income-25 to 44 years at $80,932 of the total. Third, it has in the mid range of other places in the local area when ranked by median income-45 to 64 years at $43,893 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 22.6% which is the largest of all places in the greater Port Washington region.

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 less than most other places in the greater region at $84,014 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 Washington shows it has the hightest cost of 108.1 for the cost of healthcare category.

Port Washington 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 January 2006 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 4.7% to 4.4% in March 2020. This represents a decrease in the monthly unemployment rate of 6.4%. Since that time, the monthly unemployment rate has gone to 6.7% This represents an increase in the monthly unemployment rate of 52.3%. 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 17,697 to 16,989 in February 2020. This represents a decrease in the monthly labor force participation of 4.0%. Since that time, the monthly labor force participation has gone to 16,956 This represents a decrease 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 Port Washington depicts it has a Unemployment Rate of 2.6% which is the largest of all places in the greater Port Washington region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Port Washington shows it has a Labor Force Participation of 69.2% which is the second smallest in terms of participation rate of all the other places in the greater region.

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 Washington has the largest proportion of employed at 2.6% 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 Washington depicts full time employees approximately 3.3 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 Washington area. Port Washington depicts it has a Single Earner Families of 24.3% which is the second most of all the places in the greater region. The city with the highest families with a single earner in the area is Fredonia which shows a single earners rate of 27.1% (11.5% larger). The percentage of families with no one working is depicted in Figure 22. Port Washington shows it has a Families with No One Working of 14.0% which is the third most families with no one working of all other places in the greater Port Washington region. The city with the highest families with no one working in the area is Waubeka CDP which depicts a families with no worker of 24.8% (77.1% larger).

Port Washington Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Port Washington 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 Washington shows it has a Total In Poverty of 696 which is the third most of all other places in the greater region. The city with the highest total people earning less than the poverty level in the area is Grafton which depicts a total people earning less than the poverty level of 744 (6.9% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Port Washington shows it has a Percent of Population In Poverty of 6.0% which is less than most other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Saukville which depicts a percent of people in poverty of 10.1% (67.7% larger).

Figure 27 shows key poverty statistics for groups based on marriage status. Port Washington has the percentage of married with children and in poverty less than most other places in the local area at 14% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Port Washington has the largest proportion of highschool graduate and in poverty at 6% 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.) Port Washington shows it has a Public Assistance Percent of 7.1% which is the third most households with public assistance of all other places in the greater Port Washington region. The city with the highest households with public assistance in the area is Saukville which depicts a households with public assistance of 10.7% (51.5% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Port Washington shows it has a Gini Index of 38.0% which is less than most other places in the area.

Port Washington Wisconsin Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Port Washington has the largest proportion of people who leave for work between 8am to 830am 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. Port Washington has one of the largest proportions of people with commute time of less than 5 minutesutes at 17% of the total and is ranked #2. The only larger city being Grafton with 18%. Second, it has in the mid point range of other places in the local area when ranked by people with commute time between 5 to 9 minutes at 14% 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 15 to 19 minutes at 9% of the total.

The average commute time is shown in Figure 37. Port Washington shows it has a Avg Commute Time of 23 which is less than most other places in the area. Figure 38 shows the difference between male versus female commuting time. Port Washington depicts average commute time in minutes for men 19.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Port Washington has one of the largest proportions of no vehicle available at 18% of the total and is ranked #2. The only larger city being Grafton with 19%. Second, it has one of the largest proportions of 1 vehicle available at 53% of the total and is ranked #2. The only larger city being Cedarburg with 57%. Third, it has the smallest proportion of 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.) Port Washington shows it has a Work in city or place where live of 29% which is the most of all places in the greater Port Washington region. Comparing people who both work and live in the same city to the United States average of 42%, Port Washington is approximately three-fourths the size. Also, benchmarked against the state of Wisconsin, people who both work and live in the same city of 40%, Port Washington is approximately three-fourths the size.

Port Washington 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 Washington depicts it has the hightest median earnings of $85,750 for the earnings-computer, engineering, and science occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Port Washington depicts it has the hightest median earnings of $75,000 for the earnings-healthcare practitioners and tech occupations group. The table in Figure 48, shows Port Washington employment data in terms of job categories and salary data.

Port Washington 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 Washington depicts it has the hightest entrepreneurs of 69% 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 Washington shows it has the hightest entrepreneurs of 29% for the self employed in arts, entertainment, recreation, accommodation and food services category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Port Washington depicts it has a Self Employment Income of $13,074 which is the second smallest as measured by average annual self employment income of all the other places in the area. The city with the highest average annual self employment income in the area is Saukville which shows an average annual self employment income of $38,594 (approximately 3.0 times bigger). Comparing average annual self employment income to the United States average of $39,154, Port Washington is approximately a third the size. Also, compared to the state of Wisconsin, average annual self employment income of $33,386, Port Washington is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Port Washington depicts total number of self-employed men approximately 4.3 times bigger as the total number of self-employed women.