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 | Lincoln County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,018 | $75,766 | $78,145 |
| Median Personal Income | $54,375 | $60,217 | $61,726 |
| Average income growth | 3.9% | 4.7% | 5.1% |
| Six-Figure Earners | 7.0% | 10.6% | 13.2% |
The median household income in Lincoln County is about 10% lower than in Wisconsin. Income has been growing slower in Lincoln County (3.9%/yr) than in Wisconsin (4.7%/yr).
About 7% of adults in Lincoln 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 Lincoln County, Wisconsin grew by 45.0% from 2009 to 2023, reaching $68,018 in 2023. That's an average of about 3.9% per year.
Economic Inequality in Lincoln County | Gender Pay Gap | Gini Coefficient
| Metric | Lincoln County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.470 | 0.516 | 0.570 |
| Male Median Income | $59,719 | $65,881 | $67,746 |
| Female Median Income | $49,764 | $53,174 | $54,793 |
| Gender Pay Gap | 16.7% | 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 Lincoln County, it is 0.470, 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 20% more than women's income in Lincoln County, Wisconsin. Over a 35-year career, a 20% wage gap accumulates to roughly $348,425 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lincoln County, Wisconsin has narrowed from about 21% to 17% in 2023. In dollar terms, the gap has widened by $906 since 2009.
Employment
| Metric | Lincoln County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 3.3% | 5.2% |
| Working from Home | 11.2% | 11.6% | 13.4% |
| Commute time (minutes) | 18 | 18 | 22 |
Approximately 500 people are unemployed in Lincoln County, Wisconsin.
The average commute time in Lincoln County is 18 minutes, about the same as in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lincoln County, Wisconsin has fallen from 6.1% to 3.5% in 2023.
Conclusion
Considering all these factors, Lincoln 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 Lincoln County, Wisconsin.
How Rich Is Lincoln County, Wisconsin?
Lincoln 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 $68,018, about 10% lower than the Wisconsin average of $75,766.
What is the current median household income in Lincoln County, Wisconsin?
As of 2023, the median household income in Lincoln County, Wisconsin is $68,018.
What was the median household income in Lincoln County in 2023?
In 2023, the median household income in Lincoln County, Wisconsin was $68,018.
What was the median household income in Lincoln County in 2020?
In 2020, the median household income in Lincoln County, Wisconsin was $59,363.
What is the Gini coefficient in Lincoln County, Wisconsin?
The Gini coefficient in Lincoln County is 0.470. 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 Lincoln County, Wisconsin?
Since 2009, the income gap between men and women in Lincoln County, Wisconsin has narrowed from about 21% to 17% in 2023. In dollar terms, the gap has widened by $906 since 2009.