Stevens Point Wisconsin Income Charts

This section shows the Stevens Point Wisconsin economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Stevens Point depicts it has a Median earnings of $43,030 which is the second smallest when ranked by median earnings per worker of all the other places in the greater region. The city with the highest median earnings per worker in the area is Park Ridge which depicts a median earnings of $55,357 (28.6% larger). Comparing median earnings per worker to the United States average of $53,269, Stevens Point is about 23.8% smaller. Also, compared with the state of Wisconsin, median earnings per worker of $52,245, Stevens Point is about 21.4% 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 $49,712 which is the smallest in terms 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 $118,625 (approximately 2.4 times bigger). Comparing median household income to the United States average of $69,021, Stevens Point is approximately three-fourths the size. Also, compared to the state of Wisconsin, median household income of $67,080, 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 the largest proportion of earnings less than $10,000 at 9.6% of the total and is ranked #1. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 5.9% of the total and is ranked #1. Third, it has the smallest proportion of earnings between $20,000 and $49,999 at 17.2% of the total. Also, 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 35.2 which is the smallest as measured by average hours of all the other places in the metro area. The city with the highest average hours in the area is Polonia CDP which depicts an average hours of 44.6 (26.7% 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 $23.51 which is the second smallest in order of average hourly earnings of all the other places in the local area. The city with the highest average hourly earnings in the area is Whiting which depicts an average hourly earnings of $26.33 (12.0% larger). Comparing average hourly earnings to the United States average of $26.40, Stevens Point is about 12.3% smaller. Also, in comparison with the state of Wisconsin, average hourly earnings of $26.03, Stevens Point is about 10.7% 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 7.8% which is the second smallest in order of percentage of people self employed of all the other places in the area. The city with the highest percentage of people self employed in the area is Polonia CDP which depicts a percentage self employed of 10.9% (40.7% 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 when ranked by median income for those under 25 years of age of all the other places in the surrounding region at $55,432 of the total. Second, it has the smallest proportion of median income-25 to 44 years at $67,040 of the total. Third, it has in the mid range of other places in the area in terms of median income-45 to 64 years at $52,555 of the total.

Figure 9 breaks down the source of income and Stevens Point has the largest proportion of social security at 0.8% 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 20.6% which is less than most other places in the metropolitan area. The city with the highest households with retirement income in the area is Whiting which shows a households with retirement income of 31.6% (53.5% 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 in terms of overall family income of all the other places in the local area at $75,889 of the total. Second, it has one of the largest proportions of american indian family income at $85,045 of the total and is ranked #3. Only #2 Plover ($138,977), and #1 Whiting ($145,278) are larger.

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 shows 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 February 2010 to before the Wuhan Coronavirus Pandemic the monthly unemployment rate went from 11.5% to 2.9% in February 2020. This represents a decrease in the monthly unemployment rate of 74.8%. Since that time, the monthly unemployment rate has gone to 3.5% This represents an increase in the monthly unemployment rate of 20.7%. 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 shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 15,850 to 14,110 in March 2020. This represents a decrease in the monthly labor force participation of 11.0%. Since that time, the monthly labor force participation has gone to 13,623 This represents a decrease in the monthly labor force participation of 3.5%.

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 depicts it has a Unemployment Rate of 3.8% which is at the top of all other 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 depicts it has a Labor Force Participation of 69.8% 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 3.8% 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 shows full time employees about twice as large 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 20.1% which is in the mid range of other places in the local area. The city with the highest families with a single earner in the area is Whiting which shows a single earners rate of 23.2% (15.6% 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 19.8% which is in the intermediate range of other places in the area. The city with the highest families with no one working in the area is Park Ridge which depicts a families with no worker of 32.2% (62.6% 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 4,090 which is at the top of all other 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 17.9% 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 shows a percent of people in poverty of 18.4% ( only slightly 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 less than most other places in the metro area at 2% of the total. Second, it has the largest proportion of person in poverty 12 to 17 years at 69% of the total and is ranked #1. Third, it has in the mid point range of other places in the metro area as measured by person in poverty 35 to 54 years at 8% of the total. Also, it has the second smallest in order of person in poverty under 12 years of all the other places in the area in terms of 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 30% 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 11% 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 married with children and in poverty less than most other places in the area at 8% of the total. Second, it has less than most other places in the greater region when ranked by unmarried with children and in poverty at 12% 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 12% 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.) Stevens Point shows it has a Public Assistance Percent of 11.0% which is the third most households with public assistance of all other places in the greater Stevens Point region. The city with the highest households with public assistance in the area is Junction City which shows a households with public assistance of 21.5% (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 the highest of all places in the greater Stevens Point 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 11% 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 69% 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 walked at 9% 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 less than most other places in the surrounding region at 4% of the total. Second, it has the second smallest as measured by people who leave for work between 12am to 5am of all the other places in the metro area when ranked by people who leave for work between 5am to 530am at 4% 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 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 26% of the total and is ranked #2. The only larger city being Park Ridge with 40%. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 32% of the total and is ranked #2. The only larger city being Whiting with 37%. Third, it has less than most other places in the metropolitan area when sorted by 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 shows it has a Avg Commute Time of 16 which is less than most other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Stevens Point shows average commute time in minutes for men 26.4% 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 the second smallest when sorted by no vehicle available of all the other places in the local area in terms of 2 vehicles available at 16% of the total. 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 68% which is the largest of all places in the greater region. Comparing people who both work and live in the same city to the United States average of 44%, Stevens Point is 54.7% larger. Also, in comparison with the state of Wisconsin, people who both work and live in the same city of 41%, Stevens Point is 65.7% 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 indicates it has the hightest median earnings of $84,286 for the earnings-healthcare practitioners and tech occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Stevens Point shows it has the hightest median earnings of $54,350 for the earnings-computer, engineering, and science occupations aggregate. 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 46% for the self employed management, business, science, and arts businesses category.

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 31% for the self employed in arts, entertainment, recreation, accommodation and food services classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Stevens Point depicts it has a Self Employment Income of $23,153 which is in the mid range of other places in the metro area. 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 $80,489 (approximately 3.5 times bigger). Comparing average annual self employment income to the United States average of $42,141, Stevens Point is approximately half the size. Also, benchmarked against the state of Wisconsin, average annual self employment income of $36,338, 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 shows total number of self-employed men 79.3% larger as the total number of self-employed women.