Prairie Farm Wisconsin Income Charts

This section shows the Prairie Farm Wisconsin economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Prairie Farm indicates it has a Median earnings of $33,438 which is less than most other places in the greater region. The city with the highest median earnings per worker in the area is Dallas which shows a median earnings of $41,250 (23.4% larger). Comparing median earnings per worker to the United States average of $49,041, Prairie Farm is approximately three-fourths the size. Also, measured against the state of Wisconsin, median earnings per worker of $48,208, Prairie Farm is approximately three-fourths the size.

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 $34,773 which is less than most other places in the metro area. The city with the highest median household income in the area is Dallas which depicts a median income of $48,333 (39.0% larger). Comparing median household income to the United States average of $62,843, Prairie Farm is approximately half the size. Also, in comparison with the state of Wisconsin, median household income of $61,747, Prairie Farm is approximately half the size.

The next section examines a variety of different income statistics for the Prairie Farm metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 the second smallest in terms of median earnings of less than $10,000 of all the other places in the surrounding region at 4.2% of the total. Second, it has the largest proportion of earnings between $75,000 and $99,999 at 2.5% 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 36.0 which is the smallest when ranked by average hours of all the other places in the metro area. The city with the highest average hours in the area is Dallas which depicts an average hours of 40.9 (13.6% 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 $17.86 which is in the middle range of other places in the greater region. The city with the highest average hourly earnings in the area is Clayton which depicts an average hourly earnings of $20.43 (14.4% larger). Comparing average hourly earnings to the United States average of $24.31, Prairie Farm is approximately three-fourths the size. Also, compared with the state of Wisconsin, average hourly earnings of $24.02, Prairie Farm is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Prairie Farm metro area based on the number of people who reported any self employment income. Prairie Farm shows it has a Self Employed of 7.2% which is the second most people self employed of all the places in the greater Prairie Farm region. The city with the highest percentage of people self employed in the area is Ridgeland which depicts a percentage self employed of 10.1% (39.7% larger).

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 $48,750 of the total and is ranked #2. The only larger city being Dallas with $68,438. Second, it has one of the largest proportions of median income-25 to 44 years at $50,417 of the total and is ranked #2. The only larger city being Almena with $55,625. Third, it has less than most other places in the area when ranked by median income-45 to 64 years at $21,667 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 21.1% which is the largest of all places in the greater Prairie Farm region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $38,125 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. Prairie Farm depicts it has the hightest cost of 105.5 for the cost of healthcare grouping.

Prairie Farm 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 February 2010 to before the Wuhan virus 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 Wuhan Coronavirus/COVID 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. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Prairie Farm shows it has a Labor Force Participation of 57.6% which is the second smallest when sorted by participation rate of all the other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Prairie Farm depicts full time employees approximately 2.3 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 Prairie Farm area. Prairie Farm indicates it has a Single Earner Families of 13.1% which is the smallest in order of families with a single earner of all the other places in the greater region. The city with the highest families with a single earner in the area is Clayton which shows a single earners rate of 42.1% (approximately 3.2 times bigger). The percentage of families with no one working is depicted in Figure 22. Prairie Farm shows it has a Families with No One Working of 21.3% which is the second most families with no one working of all the places in the greater Prairie Farm region. The city with the highest families with no one working in the area is Turtle Lake which depicts a families with no worker of 25.9% (21.7% larger).

Prairie Farm Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Prairie Farm 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. Prairie Farm depicts it has a Total In Poverty of 87 which is in the mid point range of other places in the metropolitan area. The city with the highest total people earning less than the poverty level in the area is Barron which depicts a total people earning less than the poverty level of 521 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Prairie Farm depicts it has a Percent of Population In Poverty of 20.2% which is the second most of all the places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Ridgeland which shows a percent of people in poverty of 24.9% (23.1% larger).

In Figure 25 people who are in poverty are broken out by age group. Prairie Farm has one of the largest proportions of person in poverty 12 to 17 years at 29% of the total and is ranked #2. The only larger city being Clayton with 47%. Second, it has the smallest proportion of person in poverty 35 to 54 years at 10% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Prairie Farm has the largest proportion of less than highschool in poverty at 21% 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.) Prairie Farm shows it has a Public Assistance Percent of 26.3% which is the third most of all other places in the surrounding region. The city with the highest households with public assistance in the area is Barron which depicts a households with public assistance of 42.0% (59.8% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Prairie Farm depicts it has a Gini Index of 39.8% which is the second most the gini index of all the places in the greater Prairie Farm region.

Prairie Farm 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 Prairie Farm 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.) Prairie Farm has the smallest proportion of people who take public transportation to work at 1% of the total. Second, it has the largest proportion of people who bicycle or walk to work at 6% 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 Prairie Farm or elsewhere.) Prairie Farm has the largest proportion of people who drove alone at 91% of the total and is ranked #1. Second, it has the smallest proportion of people who carpooled at 2% of the total. Third, it has the smallest proportion of people who walked at 1% of the total. Also, it has the largest proportion of people who work from home at 6% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Prairie Farm has the smallest proportion of people who leave for work between 530 am to 6am at 2% of the total. Second, it has the largest proportion of people who leave for work between 6am to 630am at 17% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 5% of the total. Also, it has the largest proportion of people who leave for work between 9am to 10am at 8% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 10am to 11am at 2% of the total and is ranked #1. Furthermore, it has the largest proportion of people who leave for work between 11am to 12noon at 11% 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. Prairie Farm has the largest proportion of people with commute time of less than 5 minutesutes at 30% of the total and is ranked #1. Second, it has the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the local area when ranked by people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 1% of the total. Also, it has the largest proportion of people with commute time between 25 to 29 minutes at 11% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 40 to 44 minutes at 14% of the total and is ranked #1.

The average commute time is shown in Figure 37. Prairie Farm depicts it has a Avg Commute Time of 26 which is the second most of all the places in the local area. Figure 38 shows the difference between male versus female commuting time. Prairie Farm depicts average commute time in minutes for men 12.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Prairie Farm has the percentage of no vehicle available the second smallest as measured by no vehicle available of all the other places in the area at 14% of the total. Second, it has the largest proportion of 3 vehicles available at 18% 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.) Prairie Farm shows it has a Work in city or place where live of 43% which is the second most people who both work and live in the same city of all the places in the greater Prairie Farm region. The city with the highest people who both work and live in the same city in the area is Barron which shows a people who both work and live in the same city of 49% (15.1% larger). Comparing people who both work and live in the same city to the United States average of 42%, Prairie Farm is only about 2.8% larger. Also, compared with the state of Wisconsin, people who both work and live in the same city of 40%, Prairie Farm is 8.6% larger.

Prairie Farm 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. Prairie Farm depicts it has the hightest median earnings of $39,375 for the earnings-natural resources, construction, maintenance occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Prairie Farm depicts it has the hightest median earnings of $63,250 for the earnings-healthcare practitioners and tech occupations group. The table in Figure 48, shows Prairie Farm employment data in terms of job categories and salary data.

Prairie Farm 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. Prairie Farm shows it has the hightest entrepreneurs of 100% for the self employed in service 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. Prairie Farm shows it has the hightest entrepreneurs of 100% for the self employed in agriculture, forestry, fishing and hunting, and mining grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Prairie Farm indicates it has a Self Employment Income of $9,693 which is less than most other places in the metro area. The city with the highest average annual self employment income in the area is Almena which shows an average annual self employment income of $31,073 (approximately 3.2 times bigger). Comparing average annual self employment income to the United States average of $39,154, Prairie Farm is approximately a quarter the size. Also, benchmarked against the state of Wisconsin, average annual self employment income of $33,386, Prairie Farm 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.) Prairie Farm depicts total number of self-employed men approximately 2.2 times bigger as the total number of self-employed women.