Wealth Index
Among the top 5 wealthiest counties in Wisconsin
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 | Calumet County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,755 | $75,766 | $78,145 |
| Median Personal Income | $63,398 | $60,217 | $61,726 |
| Average income growth | 3.3% | 4.7% | 5.1% |
| Six-Figure Earners | 11.6% | 10.6% | 13.2% |
The median household income in Calumet County is about 16% higher than in Wisconsin. Income has been growing slower in Calumet County (3.3%/yr) than in Wisconsin (4.7%/yr).
About 12% of adults in Calumet County earn six figures ($100,000 or more) a year, higher than the Wisconsin average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Calumet County, Wisconsin grew by 42.3% from 2009 to 2023, reaching $87,755 in 2023. That's an average of about 3.3% per year.
Economic Inequality in Calumet County | Gender Pay Gap | Gini Coefficient
| Metric | Calumet County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.484 | 0.516 | 0.570 |
| Male Median Income | $69,897 | $65,881 | $67,746 |
| Female Median Income | $55,033 | $53,174 | $54,793 |
| Gender Pay Gap | 21.3% | 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 Calumet County, it is 0.484, 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 27% more than women's income in Calumet County, Wisconsin. Over a 35-year career, a 27% wage gap accumulates to roughly $520,240 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Calumet County, Wisconsin has narrowed from about 31% to 21% in 2023. In dollar terms, the gap has narrowed by $611 since 2009.
Employment
| Metric | Calumet County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.2% | 3.3% | 5.2% |
| Working from Home | 12.4% | 11.6% | 13.4% |
| Commute time (minutes) | 18 | 18 | 22 |
Approximately 642 people are unemployed in Calumet County, Wisconsin.
The average commute time in Calumet County is 18 minutes, about the same as in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Calumet County, Wisconsin has fallen from 5.1% to 2.2% in 2023.
Conclusion
Considering all these factors, Calumet County, Wisconsin has an overall wealth index grade of B, making it somewhat better than Wisconsin, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Calumet County, Wisconsin.
How Rich Is Calumet County, Wisconsin?
Calumet County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $87,755, about 16% higher than the Wisconsin average of $75,766.
What is the current median household income in Calumet County, Wisconsin?
As of 2023, the median household income in Calumet County, Wisconsin is $87,755.
What was the median household income in Calumet County in 2023?
In 2023, the median household income in Calumet County, Wisconsin was $87,755.
What was the median household income in Calumet County in 2020?
In 2020, the median household income in Calumet County, Wisconsin was $76,371.
What is the Gini coefficient in Calumet County, Wisconsin?
The Gini coefficient in Calumet County is 0.484. 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 Calumet County, Wisconsin?
Since 2009, the income gap between men and women in Calumet County, Wisconsin has narrowed from about 31% to 21% in 2023. In dollar terms, the gap has narrowed by $611 since 2009.