Stevens Point Wisconsin Income Charts

This section shows the Stevens Point Wisconsin economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Stevens Point depicts it has a Median earnings of $40,979 which is the second smallest as measured by median earnings per worker of all the other places in the area. The city with the highest median earnings per worker in the area is Park Ridge which depicts a median earnings of $53,068 (29.5% larger). Comparing median earnings per worker to the United States average of $50,459, Stevens Point is about 23.1% smaller. Also, benchmarked against the state of Wisconsin, median earnings per worker of $49,517, Stevens Point is about 20.8% 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 $46,663 which is the second smallest in order of median household income of all the other places in the local area. The city with the highest median household income in the area is Polonia CDP which depicts a median income of $119,250 (approximately 2.6 times bigger). Comparing median household income to the United States average of $64,994, Stevens Point is approximately three-fourths the size. Also, measured against the state of Wisconsin, median household income of $63,293, Stevens Point is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Stevens Point metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 9.2% of the total and is ranked #2. The only larger city being Whiting with 10.5%. Second, it has the smallest proportion of earnings between $20,000 and $49,999 at 15.1% of the total. Third, it has the smallest proportion of earnings between $50,000 and $74,999 at 3.6% 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 34.9 which is the smallest in terms of average hours of all the other places in the area. The city with the highest average hours in the area is Polonia CDP which shows an average hours of 45.3 (29.8% 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 $22.58 which is less than most other places in the metropolitan area. The city with the highest average hourly earnings in the area is Amherst Junction which depicts an average hourly earnings of $25.82 (14.4% larger). Comparing average hourly earnings to the United States average of $25.01, Stevens Point is about 10.8% smaller. Also, compared with the state of Wisconsin, average hourly earnings of $24.67, Stevens Point is about 9.3% smaller.

Figure 7 examines the number of self employed people in the Stevens Point metro area based on the number of people who reported any self employment income. Stevens Point depicts it has a Self Employed of 7.2% which is the second smallest when ranked 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 Polonia CDP which shows a percentage self employed of 13.5% (about twice as large).

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 when sorted by median income for those under 25 years of age of all the other places in the area at $50,865 of the total. Second, it has the second smallest in terms of median income for those under 25 years of age of all the other places in the local area when sorted by median income-25 to 44 years at $63,406 of the total. Third, it has in the middle range of other places in the local area in terms of median income-45 to 64 years at $43,269 of the total.

Figure 9 breaks down the source of income and Stevens Point has the largest proportion of social security at 0.9% 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 20.5% which is less than most other places in the greater region. The city with the highest households with retirement income in the area is Whiting which depicts a households with retirement income of 36.1% (76.5% 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 the second smallest as measured by overall family income of all the other places in the surrounding region at $73,338 of the total. Second, it has the largest proportion of hawaiian family income at $53,807 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Stevens Point depicts it has the hightest cost of 101.3 for the cost of healthcare aggregate.

Stevens Point 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 COVID-19 Pandemic the monthly unemployment rate went from 11.3% to 3.4% in March 2020. This represents a decrease in the monthly unemployment rate of 69.9%. Since that time, the monthly unemployment rate has gone to 1.7% This represents a decrease in the monthly unemployment rate of 50.0%. 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 shows that from January 2010 to before the disasterous Covid-19 virus Pandemic the monthly labor force participation went from 15,305 to 13,992 in March 2020. This represents a decrease in the monthly labor force participation of 8.6%. Since that time, the monthly labor force participation has gone to 14,116 This represents an increase 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 Stevens Point shows it has a Unemployment Rate of 3.1% which is the largest of all places in the greater Stevens Point region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Stevens Point shows it has a Labor Force Participation of 67.5% which is the third most participation rates of all other places in the greater Stevens Point 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). Stevens Point has the largest proportion of employed at 3.1% 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. Stevens Point depicts full time employees 76.6% larger 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 Stevens Point area. Stevens Point shows it has a Single Earner Families of 21.4% which is the second most of all the places in the area. The city with the highest families with a single earner in the area is Plover which depicts a single earners rate of 23.0% (7.4% larger). The percentage of families with no one working is depicted in Figure 22. Stevens Point shows it has a Families with No One Working of 21.2% which is in the middle range of other places in the local area. The city with the highest families with no one working in the area is Whiting which depicts a families with no worker of 28.0% (32.1% larger).

Stevens Point Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Stevens Point 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. Stevens Point depicts it has a Total In Poverty of 4,443 which is the largest of all places in the greater Stevens Point region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Stevens Point depicts it has a Percent of Population In Poverty of 19.3% which is the second most percent of people earning less than the poverty level of all the places in the greater Stevens Point region. The city with the highest percent of people earning less than the poverty level in the area is Junction City which depicts a percent of people in poverty of 25.4% (31.2% larger).

In Figure 25 people who are in poverty are broken out by age group. Stevens Point has the percentage of person in poverty under 12 years the second smallest in terms of person in poverty under 12 years of all the other places in the greater region at 2% of the total. Second, it has the largest proportion of person in poverty 12 to 17 years at 66% of the total and is ranked #1. Third, it has the second smallest in order of person in poverty under 12 years of all the other places in the greater region when sorted by person in poverty 55 to 64 years at 7% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Stevens Point has one of the largest proportions of white poverty rate at 37% of the total and is ranked #2. The only larger city being Junction City with 100%. Second, it has the largest proportion of american indian poverty rate at 10% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Stevens Point has the percentage of unmarried with children and in poverty less than most other places in the metropolitan area at 20% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Stevens Point has the largest proportion of highschool graduate and in poverty at 13% 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. Stevens Point has one of the largest proportions of people who are in poverty and unemployed at 19.7% of the total and is ranked #2. The only larger city being Park Ridge with 28.6%. 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.) Stevens Point depicts it has a Public Assistance Percent of 10.9% which is the second most households with public assistance of all the places in the greater Stevens Point region. The city with the highest households with public assistance in the area is Junction City which depicts a households with public assistance of 22.3% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Stevens Point depicts it has a Gini Index of 44.9% which is more than all other places in the greater region.

Stevens Point 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 Stevens Point 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.) Stevens Point has the largest proportion of people who drive a car or motorcycle to work at 1% of the total and is ranked #1. Second, it has the largest proportion of people who take public transportation to work at 12% 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 Stevens Point or elsewhere.) Stevens Point has the smallest proportion of people who drove alone at 70% of the total. Second, it has the largest proportion of people who take the bus at 1% of the total and is ranked #1. Third, it has the largest proportion of people who bike at 2% of the total and is ranked #1. Also, it has the largest proportion of people who walked at 10% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Stevens Point has the percentage of people who leave for work between 12am to 5am the second smallest in terms of people who leave for work between 12am to 5am of all the other places in the greater region at 3% of the total. Second, it has the second smallest in order of people who leave for work between 12am to 5am of all the other places in the surrounding region when sorted by people who leave for work between 5am to 530am at 3% of the total. Third, it has the smallest proportion of people who leave for work between 630 am to 7am at 11% of the total. Also, it has the largest proportion of people who leave for work between 830 am to 9am at 6% 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 4% of the total and is ranked #1. Furthermore, it has the largest proportion of people who leave for work between 11am to 12noon at 14% 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. Stevens Point has one of the largest proportions of people with commute time of less than 5 minutesutes at 25% of the total and is ranked #3. Only #2 Whiting (27%), and #1 Park Ridge (45%) are larger. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 31% of the total and is ranked #2. The only larger city being Whiting with 33%. Third, it has the smallest proportion of people with commute time between 15 to 19 minutes at 6% of the total.

The average commute time is shown in Figure 37. Stevens Point depicts it has a Avg Commute Time of 17 which is less than most other places in the area. Figure 38 shows the difference between male versus female commuting time. Stevens Point shows average commute time in minutes for men 23.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Stevens Point has the largest proportion of no vehicle available at 26% of the total and is ranked #1. Second, it has in the mid range of other places in the surrounding region when ranked by 1 vehicle available at 45% of the total. Third, it has the second smallest when ranked by no vehicle available of all the other places in the greater region when ranked by 2 vehicles available at 14% of the total. Also, it has in the center range of other places in the greater region as measured by 3 vehicles available at 7% of the total. In addition, it has one of the largest proportions of 4 vehicles available at 5% of the total and is ranked #3. Only #2 Amherst Junction (7%), and #1 Polonia CDP (9%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Stevens Point shows it has a Work in city or place where live of 66% which is the most of all places in the metropolitan area. Comparing people who both work and live in the same city to the United States average of 43%, Stevens Point is 54.3% larger. Also, in contrast to the state of Wisconsin, people who both work and live in the same city of 40%, Stevens Point is 63.8% larger.

Stevens Point 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. Stevens Point depicts it has the hightest median earnings of $86,538 for the earnings-healthcare practitioners and tech occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Stevens Point shows it has the hightest median earnings of $51,700 for the earnings-computer, engineering, and science occupations grouping. The table in Figure 48, shows Stevens Point employment data in terms of job categories and salary data.

Stevens Point 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. Stevens Point depicts it has the hightest entrepreneurs of 45% 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. Stevens Point depicts it has the hightest entrepreneurs of 27% for the self employed in arts, entertainment, recreation, accommodation and food services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Stevens Point depicts it has a Self Employment Income of $20,657 which is in the mid range of other places in the greater region. The city with the highest average annual self employment income in the area is Amherst Junction which shows an average annual self employment income of $84,007 (approximately 4.1 times bigger). Comparing average annual self employment income to the United States average of $40,101, Stevens Point is approximately half the size. Also, benchmarked against the state of Wisconsin, average annual self employment income of $33,875, Stevens Point 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.) Stevens Point depicts total number of self-employed men 64.8% larger as the total number of self-employed women.