Wealth Index
Wealthier than 79% of 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 | Oconto County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,011 | $75,766 | $78,145 |
| Median Personal Income | $58,498 | $60,217 | $61,726 |
| Average income growth | 5.0% | 4.7% | 5.1% |
| Six-Figure Earners | 7.6% | 10.6% | 13.2% |
The median household income in Oconto County is about the same as in Wisconsin. Income has been growing faster in Oconto County (5.0%/yr) than in Wisconsin (4.7%/yr).
About 8% of adults in Oconto 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 Oconto County, Wisconsin grew by 57.6% from 2009 to 2023, reaching $76,011 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Oconto County | Gender Pay Gap | Gini Coefficient
| Metric | Oconto County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.481 | 0.516 | 0.570 |
| Male Median Income | $65,436 | $65,881 | $67,746 |
| Female Median Income | $50,060 | $53,174 | $54,793 |
| Gender Pay Gap | 23.5% | 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 Oconto County, it is 0.481, 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 31% more than women's income in Oconto County, Wisconsin. Over a 35-year career, a 31% wage gap accumulates to roughly $538,160 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oconto County, Wisconsin has narrowed from about 25% to 23% in 2023. In dollar terms, the gap has widened by $4,793 since 2009.
Employment
| Metric | Oconto County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.2% | 3.3% | 5.2% |
| Working from Home | 10.7% | 11.6% | 13.4% |
| Commute time (minutes) | 26 | 18 | 22 |
Approximately 437 people are unemployed in Oconto County, Wisconsin.
The average commute time in Oconto County is 26 minutes, longer than the 18 minutes in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oconto County, Wisconsin has fallen from 7.1% to 2.2% in 2023.
Conclusion
Considering all these factors, Oconto 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 Oconto County, Wisconsin.
How Wealthy Is Oconto County, Wisconsin?
Oconto 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 $76,011, close to the Wisconsin average of $75,766.
What is the current median household income in Oconto County, Wisconsin?
As of 2023, the median household income in Oconto County, Wisconsin is $76,011.
What was the median household income in Oconto County in 2023?
In 2023, the median household income in Oconto County, Wisconsin was $76,011.
What was the median household income in Oconto County in 2020?
In 2020, the median household income in Oconto County, Wisconsin was $64,544.
What is the Gini coefficient in Oconto County, Wisconsin?
The Gini coefficient in Oconto County is 0.481. 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 Oconto County, Wisconsin?
Since 2009, the income gap between men and women in Oconto County, Wisconsin has narrowed from about 25% to 23% in 2023. In dollar terms, the gap has widened by $4,793 since 2009.