Stevens Point Wisconsin Income Charts

This section shows the Stevens Point Wisconsin economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Stevens Point depicts it has a Median earnings of $40,530 which is the smallest in terms of 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 indicates a median earnings of $50,385 (24.3% larger). Comparing median earnings per worker to the United States average of $49,041, Stevens Point is about 21.0% smaller. Also, compared with the state of Wisconsin, median earnings per worker of $48,208, Stevens Point is about 18.9% 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 $45,471 which is the second smallest when sorted by 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 $77,250 (69.9% larger). Comparing median household income to the United States average of $62,843, Stevens Point is approximately three-fourths the size. Also, in comparison with the state of Wisconsin, median household income of $61,747, 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 10.9%. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 7.1% of the total and is ranked #1. Third, it has the second smallest in terms of median earnings of less than $10,000 of all the other places in the local area when sorted by earnings between $15,000 and $19,999 at 26.7% of the total. Also, it has the smallest proportion of earnings between $20,000 and $49,999 at 14.1% of the total. In addition, it has the smallest proportion of earnings between $50,000 and $74,999 at 3.9% 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 34.7 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 Junction City which shows an average hours of 40.5 (16.7% 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 $22.46 which is less than most other places in the local area. The city with the highest average hourly earnings in the area is Park Ridge which depicts an average hourly earnings of $26.05 (16.0% larger). Comparing average hourly earnings to the United States average of $24.31, Stevens Point is about 8.2% smaller. Also, in comparison with the state of Wisconsin, average hourly earnings of $24.02, Stevens Point is about 6.9% 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 7.7% which is the second smallest when sorted by percentage of people self employed of all the other places in the greater region. The city with the highest percentage of people self employed in the area is Polonia 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, 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 greater region at $53,286 of the total. Second, it has the second smallest when sorted by median income for those under 25 years of age of all the other places in the local area in terms of median income-25 to 44 years at $64,529 of the total. Third, it has the second smallest when ranked by median income for those under 25 years of age of all the other places in the area as measured by median income-45 to 64 years at $38,125 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 17.4% which is the smallest when sorted by households with retirement income of all the other places in the metropolitan area. The city with the highest households with retirement income in the area is Park Ridge which indicates a households with retirement income of 34.8% (about twice as large).

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 when ranked by overall family income of all the other places in the local area at $72,984 of the total. Second, it has one of the largest proportions of american indian family income at $81,875 of the total and is ranked #2. The only larger city being Whiting with $135,197. Third, it has the largest proportion of hawaiian family income at $62,578 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 group.

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 depicts that from January 2010 to before the Wuhan Coronavirus/COVID 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 3.4% This represents an increase in the monthly unemployment rate of very little. 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 Wuhan 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 13,982 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 Stevens Point depicts it has a Unemployment Rate of 2.8% which is the second most unemployment rate of all the places in the greater Stevens Point region. The city with the highest unemployment rate in the area is Junction City which shows a rate of 3.0% (only about 5.1% larger). 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 68.3% which is the third most participation rates of all other places in the greater Stevens Point region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Stevens Point shows full time employees 59.6% 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 depicts it has a Single Earner Families of 18.6% which is the third most families with a single earner of all other places in the greater Stevens Point region. The city with the highest families with a single earner in the area is Amherst Junction which depicts a single earners rate of 27.3% (46.4% larger). The percentage of families with no one working is depicted in Figure 22. Stevens Point depicts it has a Families with No One Working of 18.1% which is less than most other places in the local 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 29.5% (62.7% 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 4,950 which is the highest of all places in the local area.

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 21.5% 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 21.6% ( about the same size).

In Figure 25 people who are in poverty are broken out by age group. Stevens Point has the smallest proportion of person in poverty under 12 years at 3% of the total. Second, it has the largest proportion of person in poverty 12 to 17 years at 67% of the total and is ranked #1. Third, it has the second smallest in terms of person in poverty under 12 years of all the other places in the metro area when ranked by person in poverty 18 to 34 years at 8% of the total. Also, it has less than most other places in the local area in order 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 40% of the total and is ranked #3. Only #2 Junction City (100%), and #1 Whiting (100%) are larger. Second, it has the largest proportion of american indian poverty rate at 29% of the total and is ranked #1. Third, it has less than most other places in the metropolitan area as measured by hawaiian poverty rate at 17% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Stevens Point has the percentage of married with children and in poverty the second smallest as measured by married with children and in poverty of all the other places in the greater region at 18% of the total. Second, it has the second smallest in terms of married with children and in poverty of all the other places in the greater region as measured by unmarried with children and in poverty 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. Second, it has the largest proportion of has some college and in poverty at 5% 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 20.0% of the total and is ranked #2. The only larger city being Park Ridge with 21.1%. 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 11.4% 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 shows a households with public assistance of 19.3% (70.1% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Stevens Point shows it has a Gini Index of 46.7% which is more than all other places in the local area.

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 15% 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 71% 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 3% of the total and is ranked #1. Also, it has the largest proportion of people who walked at 12% 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 local area at 3% of the total. Second, it has the smallest proportion of people who leave for work between 5am to 530am at 3% of the total. Third, it has the largest proportion of people who leave for work between 830 am to 9am at 7% 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 #2. The only larger city being Park Ridge with 38%. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 30% of the total and is ranked #2. The only larger city being Whiting with 33%. Third, it has less than most other places in the greater region when ranked by people with commute time between 15 to 19 minutes at 6% of the total. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 2% of the total and is ranked #1.

The average commute time is shown in Figure 37. Stevens Point shows it has a Avg Commute Time of 17 which is less than most other places in the greater region. Figure 38 shows the difference between male versus female commuting time. Stevens Point depicts average commute time in minutes for men 13.3% 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 25% of the total and is ranked #1. Second, it has one of the largest proportions of 1 vehicle available at 45% of the total and is ranked #3. Only #2 Plover (52%), and #1 Park Ridge (56%) are larger. Third, it has the smallest proportion of 2 vehicles available at 16% of the total. Also, it has the smallest proportion of 3 vehicles available at 5% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Stevens Point depicts it has a Work in city or place where live of 67% which is the largest of all places in the greater Stevens Point region. Comparing people who both work and live in the same city to the United States average of 42%, Stevens Point is 60.9% larger. Also, in contrast to the state of Wisconsin, people who both work and live in the same city of 40%, Stevens Point is 70.0% 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 shows it has the hightest median earnings of $131,250 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Stevens Point shows it has the hightest median earnings of $60,686 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 51% 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 24% for the self employed in educational services, health care and social assistance aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Stevens Point depicts it has a Self Employment Income of $26,788 which is the third most of all other places in the metro area. The city with the highest average annual self employment income in the area is Amherst Junction which depicts an average annual self employment income of $48,700 (about twice as large). Comparing average annual self employment income to the United States average of $39,154, Stevens Point is approximately three-fourths the size. Also, measured against the state of Wisconsin, average annual self employment income of $33,386, Stevens Point is about 24.6% smaller.

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 6.6% larger as the total number of self-employed women.