Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Barron County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,368 | $75,766 | $78,145 |
| Median Personal Income | $51,365 | $60,217 | $61,726 |
| Average income growth | 4.9% | 4.7% | 5.1% |
| Six-Figure Earners | 6.6% | 10.6% | 13.2% |
The median household income in Barron County is about 14% lower than in Wisconsin. Income has been growing faster in Barron County (4.9%/yr) than in Wisconsin (4.7%/yr).
About 7% of adults in Barron County earn six figures ($100,000 or more) a year, lower than the Wisconsin average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Barron County, Wisconsin grew by 52.5% from 2009 to 2023, reaching $65,368 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Barron County | Gender Pay Gap | Gini Coefficient
| Metric | Barron County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.481 | 0.516 | 0.570 |
| Male Median Income | $56,899 | $65,881 | $67,746 |
| Female Median Income | $45,248 | $53,174 | $54,793 |
| Gender Pay Gap | 20.5% | 19.3% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Barron County, it is 0.481, lower than Wisconsin's 0.516, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 26% more than women's income in Barron County, Wisconsin. Over a 35-year career, a 26% wage gap accumulates to roughly $407,785 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Barron County, Wisconsin has narrowed from about 28% to 20% in 2023. In dollar terms, the gap has widened by $444 since 2009.
Employment
| Metric | Barron County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 3.3% | 5.2% |
| Working from Home | 8.2% | 11.6% | 13.4% |
| Commute time (minutes) | 16 | 18 | 22 |
Approximately 727 people are unemployed in Barron County, Wisconsin.
The average commute time in Barron County is 16 minutes, shorter than the 18 minutes in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Barron County, Wisconsin has fallen from 7.1% to 3.1% in 2023.
Conclusion
Considering all these factors, Barron County, Wisconsin has an overall wealth index grade of C, making it about on par with Wisconsin, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Barron County, Wisconsin.
How Rich Is Barron County, Wisconsin?
Barron County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $65,368, about 14% lower than the Wisconsin average of $75,766.
What is the current median household income in Barron County, Wisconsin?
As of 2023, the median household income in Barron County, Wisconsin is $65,368.
What was the median household income in Barron County in 2023?
In 2023, the median household income in Barron County, Wisconsin was $65,368.
What was the median household income in Barron County in 2020?
In 2020, the median household income in Barron County, Wisconsin was $52,659.
What is the Gini coefficient in Barron County, Wisconsin?
The Gini coefficient in Barron County is 0.481. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Barron County, Wisconsin?
Since 2009, the income gap between men and women in Barron County, Wisconsin has narrowed from about 28% to 20% in 2023. In dollar terms, the gap has widened by $444 since 2009.