Wealth Index
Least wealthy county 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 | Menominee County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,264 | $75,766 | $78,145 |
| Median Personal Income | $42,692 | $60,217 | $61,726 |
| Average income growth | 7.6% | 4.7% | 5.1% |
| Six-Figure Earners | 2.6% | 10.6% | 13.2% |
The median household income in Menominee County is about 22% lower than in Wisconsin. Income has been growing faster in Menominee County (7.6%/yr) than in Wisconsin (4.7%/yr).
About 3% of adults in Menominee 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 Menominee County, Wisconsin grew by 85.4% from 2009 to 2023, reaching $59,264 in 2023. That's an average of about 7.6% per year.
Economic Inequality in Menominee County | Gender Pay Gap | Gini Coefficient
| Metric | Menominee County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.588 | 0.516 | 0.570 |
| Male Median Income | $43,610 | $65,881 | $67,746 |
| Female Median Income | $42,205 | $53,174 | $54,793 |
| Gender Pay Gap | 3.2% | 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 Menominee County, it is 0.588, higher than Wisconsin's 0.516, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 3% more than women's income in Menominee County, Wisconsin. Over a 35-year career, a 3% wage gap accumulates to roughly $49,175 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Menominee County, Wisconsin has narrowed from about 32% to 3% in 2023. In dollar terms, the gap has narrowed by $11,981 since 2009.
Employment
| Metric | Menominee County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 11.2% | 3.3% | 5.2% |
| Working from Home | 8.2% | 11.6% | 13.4% |
| Commute time (minutes) | 15 | 18 | 22 |
Approximately 174 people are unemployed in Menominee County, Wisconsin.
The average commute time in Menominee County is 15 minutes, shorter than the 18 minutes in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Menominee County, Wisconsin has fallen from 18.1% to 11.2% in 2023.
Conclusion
Considering all these factors, Menominee County, Wisconsin has an overall wealth index grade of D, making it somewhat worse than Wisconsin, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Menominee County, Wisconsin.
How Rich Is Menominee County, Wisconsin?
Menominee County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $59,264, about 22% lower than the Wisconsin average of $75,766.
What is the current median household income in Menominee County, Wisconsin?
As of 2023, the median household income in Menominee County, Wisconsin is $59,264.
What was the median household income in Menominee County in 2023?
In 2023, the median household income in Menominee County, Wisconsin was $59,264.
What was the median household income in Menominee County in 2020?
In 2020, the median household income in Menominee County, Wisconsin was $47,987.
What is the Gini coefficient in Menominee County, Wisconsin?
The Gini coefficient in Menominee County is 0.588. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Menominee County, Wisconsin?
Since 2009, the income gap between men and women in Menominee County, Wisconsin has narrowed from about 32% to 3% in 2023. In dollar terms, the gap has narrowed by $11,981 since 2009.