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 | Eau Claire County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,392 | $75,766 | $78,145 |
| Median Personal Income | $56,089 | $60,217 | $61,726 |
| Average income growth | 5.3% | 4.7% | 5.1% |
| Six-Figure Earners | 9.1% | 10.6% | 13.2% |
The median household income in Eau Claire County is about 4% lower than in Wisconsin. Income has been growing faster in Eau Claire County (5.3%/yr) than in Wisconsin (4.7%/yr).
About 9% of adults in Eau Claire 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 Eau Claire County, Wisconsin grew by 60.2% from 2009 to 2023, reaching $72,392 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Eau Claire County | Gender Pay Gap | Gini Coefficient
| Metric | Eau Claire County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.516 | 0.570 |
| Male Median Income | $62,385 | $65,881 | $67,746 |
| Female Median Income | $48,252 | $53,174 | $54,793 |
| Gender Pay Gap | 22.7% | 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 Eau Claire County, it is 0.517, about the same as Wisconsin's 0.516, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 29% more than women's income in Eau Claire County, Wisconsin. Over a 35-year career, a 29% wage gap accumulates to roughly $494,655 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Eau Claire County, Wisconsin has narrowed from about 29% to 23% in 2023. In dollar terms, the gap has widened by $1,711 since 2009.
Employment
| Metric | Eau Claire County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 3.3% | 5.2% |
| Working from Home | 11.6% | 11.6% | 13.4% |
| Commute time (minutes) | 15 | 18 | 22 |
Approximately 1,869 people are unemployed in Eau Claire County, Wisconsin.
The average commute time in Eau Claire County is 15 minutes, shorter than the 18 minutes in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Eau Claire County, Wisconsin has fallen from 6.1% to 3.1% in 2023.
Conclusion
Considering all these factors, Eau Claire County, Wisconsin has an overall wealth index grade of B, making it about on par with Wisconsin, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Eau Claire County, Wisconsin.
How Wealthy Is Eau Claire County, Wisconsin?
Eau Claire 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 $72,392, about 4% lower than the Wisconsin average of $75,766.
What is the current median household income in Eau Claire County, Wisconsin?
As of 2023, the median household income in Eau Claire County, Wisconsin is $72,392.
What was the median household income in Eau Claire County in 2023?
In 2023, the median household income in Eau Claire County, Wisconsin was $72,392.
What was the median household income in Eau Claire County in 2020?
In 2020, the median household income in Eau Claire County, Wisconsin was $63,439.
What is the Gini coefficient in Eau Claire County, Wisconsin?
The Gini coefficient in Eau Claire County is 0.517. 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 Eau Claire County, Wisconsin?
Since 2009, the income gap between men and women in Eau Claire County, Wisconsin has narrowed from about 29% to 23% in 2023. In dollar terms, the gap has widened by $1,711 since 2009.