Florence County, Wisconsin Income Statistics
Florence County Wealth Score
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.
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C
Florence County Below averageLess wealthy than 72% of counties in Wisconsin
Source: Map AI Methodology
Income Statistics Overview
| Metric | Florence County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,884 | $77,698 | $80,455 |
| Median Personal Income | $53,740 | $59,261 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.4% | 4.8% |
| Six-Figure Earners | 7.3% | 11.4% | 13.9% |
| $200k+ Households | 3.0% | 9.2% | 13.2% |
The median household income in Florence County is about 20% lower than in Wisconsin. Income has been growing slower in Florence County (3.6%/yr) than in Wisconsin (4.4%/yr).
About 7% of adults in Florence County earn six figures ($100,000 or more) a year, lower than the Wisconsin average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Florence County, Wisconsin grew by 61.9% from 2009 to 2024, reaching $61,884 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Florence County
| Metric | Florence County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.479 | 0.503 | 0.552 |
| Male Median Income | $60,870 | $67,892 | $69,667 |
| Female Median Income | $45,728 | $54,788 | $56,850 |
| Gender Pay Gap | 24.9% | 19.3% | 18.4% |
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 Florence County, it is 0.479, lower than Wisconsin's 0.503, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 33% more than women's income in Florence County, Wisconsin. Over a 35-year career, a 33% wage gap accumulates to roughly $529,970 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Florence County, Wisconsin has widened from about 23% to 25% in 2024. Over that period the gap was widest at 31% in 2014, and was narrowest at 4% in 2017. In dollar terms, the gap has widened by $6,281 since 2009.
Sharply against the trend: the pay gap in Florence County widened by 1.9 points while Wisconsin's narrowed by 6.3 points.
Employment
| Metric | Florence County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 3.2% | 5.2% |
| Working from Home | 11.1% | 13.1% | 15.0% |
| Commute time (minutes) | 15 | 18 | 22 |
Approximately 96 people are unemployed in Florence County, Wisconsin.
The average commute time in Florence County is 15 minutes, shorter than the 18 minutes in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Florence County, Wisconsin has fallen from 5.9% to 4.8% in 2024. Over that period the rate peaked at 7.6% in 2016.
Florence County, WI Wealth Compared With Nearby Counties
Florence County, WI is the smallest of the 6 counties compared here, 4,646 residents against a local median of 11,667. Florence County, WI's unemployment, at 4.8%, runs 33% above the 3.6% typical of the counties around it. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 3.6%/yr against a local median of 5.0%/yr, 27% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Florence County, WI reads weaker than its neighbours on all of them. The counties themselves spread 2.5% on unemployment, so Florence County, WI sits at one end of an already wide local range rather than apart from it. Florence County, WI has the 4th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Florence County, WI | 4,646 | $61,884 #3/6 | 3.6%/yr #6/6 | 4.8% #4/6 | 0.479 #1/6 |
| Iron County, MI | 11,667 | $56,137 | 6.8%/yr | 5.4% | 0.511 |
| Forest County, WI | 9,369 | $61,492 | 5.0%/yr | 2.9% | 0.501 |
| Dickinson County, MI | 25,954 | $65,732 | 5.2%/yr | 3.6% | 0.488 |
| Marinette County, WI | 42,046 | $64,295 | 4.8%/yr | 3.4% | 0.487 |
| Baraga County, MI | 8,191 | $57,871 | 4.1%/yr | 5.1% | 0.569 |
Conclusion
Considering all these factors, Florence 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 Florence County, Wisconsin.
How Rich Is Florence County, Wisconsin?
Florence 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 $61,884, about 20% lower than the Wisconsin average of $77,698.
How has median household income changed in Florence County, Wisconsin?
Between 2009 and 2024, the median household income in Florence County, Wisconsin rose 62%, from $38,227 to $61,884. Over the same years, income here outpaced Wisconsin as a whole: +62% against +50%.
What was the median household income in Florence County in 2023?
In 2023, the median household income in Florence County, Wisconsin was $62,500, up 7% from $58,149 in 2022. The Wisconsin median that year was $75,781.
What was the median household income in Florence County in 2020?
In 2020, the median household income in Florence County, Wisconsin was $51,023. By 2024 it had risen 21% to $61,884.
Is unemployment high in Florence County, Wisconsin?
Unemployment in Florence County, Wisconsin is 4.8%, well above the Wisconsin rate of 3.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Florence County, Wisconsin?
The Gini coefficient in Florence County is 0.479. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Florence County, Wisconsin?
Since 2009, the income gap between men and women in Florence County, Wisconsin has widened from about 23% to 25% in 2024. Over that period the gap was widest at 31% in 2014, and was narrowest at 4% in 2017. In dollar terms, the gap has widened by $6,281 since 2009.
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