Wind Point Wisconsin Income Charts

This section shows the Wind 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, Wind Point shows it has a Median earnings of $86,250 which is ranked #1 of all places in the greater Wind Point region. Comparing median earnings per worker to the United States average of $50,459, Wind Point is 70.9% larger. Also, compared to the state of Wisconsin, median earnings per worker of $49,517, Wind Point is 74.2% 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 $119,107 which is more than all other places in the local area. Comparing median household income to the United States average of $64,994, Wind Point is about twice as large. Also, compared with the state of Wisconsin, median household income of $63,293, Wind Point is about twice as large.

The next section examines a variety of different income statistics for the Wind Point metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $10,000 and $14,999 at 3.5% of the total. Second, it has the second smallest in order 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 13.5% of the total. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 32.4% 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 40.0 which is the second most of all the places in the greater region. The city with the highest average hours in the area is North Bay which depicts an average hours of 41.1 (only about 2.8% 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 $41.47 which is more than all other places in the greater Wind Point region. Comparing average hourly earnings to the United States average of $25.01, Wind Point is 65.8% larger. Also, in comparison with the state of Wisconsin, average hourly earnings of $24.67, Wind Point is 68.1% larger.

Figure 7 examines the number of self employed people in the Wind Point metro area based on the number of people who reported any self employment income. Wind Point depicts it has a Self Employed of 16.2% which is the highest of all places in the greater Wind Point region.

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 $138,333 of the total and is ranked #2. The only larger city being North Bay with $158,750. Second, it has the largest proportion of median income-25 to 44 years at $190,833 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $60,313 of the total and is ranked #2. The only larger city being North Bay with $98,750.

Figure 9 breaks down the source of income and Wind Point has the largest proportion of income from wages at 3.6% 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 31.9% which is the third most of all other places in the metropolitan area. The city with the highest households with retirement income in the area is Elmwood Park which shows a households with retirement income of 39.4% (23.5% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $143,906 of the total and is ranked #1. Second, it has one of the largest proportions of american indian family income at $209,286 of the total and is ranked #2. The only larger city being Caledonia with $250,001. Third, it has the largest proportion of hawaiian family income at $233,125 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. Wind Point shows it has the hightest cost of 108.1 for the cost of healthcare classification.

Wind 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 February 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 18.0% to 5.2% in February 2020. This represents a decrease in the monthly unemployment rate of 71.1%. Since that time, the monthly unemployment rate has gone to 5.6% This represents an increase in the monthly unemployment rate of 7.7%. 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 Wuhan virus Pandemic the monthly labor force participation went from 38,923 to 34,073 in March 2020. This represents a decrease in the monthly labor force participation of 12.5%. Since that time, the monthly labor force participation has gone to 35,026 This represents an increase in the monthly labor force participation of 2.8%.

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 Wind Point shows it has a Unemployment Rate of 1.1% which is the second smallest in terms of unemployment rate of all the other places in the area. The city with the highest unemployment rate in the area is Sturtevant which shows a rate of 3.5% (approximately 3.0 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Wind Point depicts it has a Labor Force Participation of 59.8% which is less than most other places in the greater region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Wind Point depicts full time employees approximately 2.8 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 Wind Point area. Wind Point depicts it has a Single Earner Families of 30.8% which is more than all other places in the greater Wind Point region. The percentage of families with no one working is depicted in Figure 22. Wind Point shows it has a Families with No One Working of 24.4% which is the highest of all places in the greater Wind Point region.

Wind Point Wisconsin Poverty Charts

The next section details economy analysis about poverty for residents of the Wind 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. Wind Point shows it has a Total In Poverty of 76 which is less than most other places in the local area. The city with the highest total people earning less than the poverty level in the area is Racine which shows a total people earning less than the poverty level of 15,553 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Wind Point shows it has a Percent of Population In Poverty of 4.2% which is the smallest when ranked by percent of people earning less than the poverty level of all the other places in the metropolitan area. The city with the highest percent of people earning less than the poverty level in the area is Racine which shows a percent of people in poverty of 20.7% (approximately 5.0 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Wind Point has the smallest proportion of person in poverty 12 to 17 years at 8% of the total. Second, it has the smallest proportion of person in poverty 35 to 54 years at 5% of the total. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 24% of the total and is ranked #3. Only #2 Caledonia (24%), and #1 Elmwood Park (33%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Wind Point has the smallest proportion of has some college and in poverty at 1% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Wind Point has the percentage of people who are in poverty and unemployed the second smallest in terms of people who are in poverty and employed of all the other places in the local area at 7.9% of the total. 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.) Wind Point depicts it has a Public Assistance Percent of 2.8% which is less than most other places in the metro area. The city with the highest households with public assistance in the area is Racine which depicts a households with public assistance of 26.9% ( substantially bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Wind Point shows it has a Gini Index of 43.9% which is the second most the gini index of all the places in the greater Wind Point region.

Wind Point Wisconsin Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Wind Point or elsewhere.) Wind Point has the percentage of people who drove alone the second smallest as measured by people who drove alone of all the other places in the local area at 76% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Wind Point has the smallest proportion of people who leave for work between 12am to 5am at 1% of the total. Second, it has the largest proportion of people who leave for work between 5am to 530am at 12% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 11am to 12noon at 2% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Wind Point has the smallest proportion of people with commute time of less than 5 minutesutes at 8% of the total. Second, it has the smallest proportion of people with commute time between 15 to 19 minutes at 11% of the total. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 13% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 11% of the total and is ranked #1.

The average commute time is shown in Figure 37. Wind Point depicts it has a Avg Commute Time of 25 which is the third most average commute time of all other places in the greater Wind Point region. Figure 38 shows the difference between male versus female commuting time. Wind Point shows average commute time in minutes for men 24.6% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Wind Point has the percentage of no vehicle available the second smallest in order of no vehicle available of all the other places in the area at 11% of the total. Second, it has one of the largest proportions of 1 vehicle available at 56% of the total and is ranked #3. Only #2 Elmwood Park (56%), and #1 Sturtevant (56%) are larger. Third, it has the smallest proportion of 3 vehicles available at 6% of the total. Also, it has one of the largest proportions of 4 vehicles available at 4% of the total and is ranked #2. The only larger city being Caledonia with 5%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Wind Point depicts it has a Work in city or place where live of 20% which is less than most other places in the local area. The city with the highest people who both work and live in the same city in the area is Racine which shows a people who both work and live in the same city of 39% (about twice as large). Comparing people who both work and live in the same city to the United States average of 43%, Wind Point is approximately half the size. Also, versus the state of Wisconsin, people who both work and live in the same city of 40%, Wind Point is approximately half the size.

Wind 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. Wind Point depicts it has the hightest median earnings of $250,001 for the earnings-computer, engineering, and science occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Wind Point shows it has the hightest median earnings of $92,917 for the management, business, and financial occupations aggregate. The table in Figure 48, shows Wind Point employment data in terms of job categories and salary data.

Wind 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. Wind Point depicts it has the hightest entrepreneurs of 67% for the self employed management, business, science, and arts 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. Wind Point depicts it has the hightest entrepreneurs of 27% for the self employed in finance, insurance, real estate, rental and leasing aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Wind Point shows it has a Self Employment Income of $35,780 which is the most of all places in the greater Wind Point region. Comparing average annual self employment income to the United States average of $40,101, Wind Point is about 12.1% smaller. Also, in comparison with the state of Wisconsin, average annual self employment income of $33,875, Wind Point is only about 5.6% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Wind Point depicts total number of self-employed men only about 4.8% smaller as the total number of self-employed women.