Racine, Wisconsin Income Statistics
Racine Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Racine Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Racine | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,509 | $77,698 | $80,455 |
| Median Personal Income | $48,841 | $59,261 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.4% | 4.8% |
| Six-Figure Earners | 5.6% | 11.4% | 13.9% |
| $200k+ Households | 3.6% | 9.2% | 13.2% |
The median household income in Racine is about 22% lower than in Wisconsin. Income has been growing slower in Racine (4.1%/yr) than in Wisconsin (4.4%/yr).
About 6% of adults in Racine 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 Racine, Wisconsin grew by 45.0% from 2009 to 2024, reaching $60,509 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Racine
| Metric | Racine | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.503 | 0.503 | 0.552 |
| Male Median Income | $53,397 | $67,892 | $69,667 |
| Female Median Income | $50,696 | $54,788 | $56,850 |
| Gender Pay Gap | 5.1% | 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 Racine, it is 0.503, about the same as Wisconsin's 0.503, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 5% more than women's income in Racine, Wisconsin. Over a 35-year career, a 5% wage gap accumulates to roughly $94,535 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Racine, Wisconsin has narrowed from about 25% to 5% in 2024. In dollar terms, the gap has narrowed by $7,923 since 2009.
Employment
| Metric | Racine | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 3.2% | 5.2% |
| Working from Home | 7.4% | 13.1% | 15.0% |
| Commute time (minutes) | 18 | 18 | 22 |
Approximately 1,753 people are unemployed in Racine, Wisconsin.
The average commute time in Racine is 18 minutes, about the same as in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Racine, Wisconsin has fallen from 10.7% to 5.6% in 2024. Over that period the rate peaked at 13.0% in 2013 and fell as low as 5.2% in 2023.
Racine, WI Wealth Compared With Nearby Cities
How Racine, WI compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Racine, WI | 62,432 | $60,509 #2/2 | 4.1%/yr #2/2 | 5.6% #2/2 | 0.503 #1/2 |
| Mount Pleasant, WI | 33,825 | $84,730 | 4.5%/yr | 5.0% | 0.507 |
Conclusion
Considering all these factors, Racine, 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 Racine, Wisconsin.
How Rich Is Racine, Wisconsin?
Racine 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 $60,509, about 22% lower than the Wisconsin average of $77,698.
Are incomes growing in Racine, Wisconsin?
Between 2009 and 2024, the median household income in Racine, Wisconsin rose 45%, from $41,722 to $60,509. Over the same years, income here lagged behind Wisconsin as a whole: +45% against +50%.
What was the median household income in Racine in 2023?
In 2023, the median household income in Racine, Wisconsin was $58,527, up 5% from $55,828 in 2022. The Wisconsin median that year was $75,781.
What was the median household income in Racine in 2020?
In 2020, the median household income in Racine, Wisconsin was $46,664. By 2024 it had risen 30% to $60,509.
How strong is the job market in Racine, Wisconsin?
Unemployment in Racine, Wisconsin is 5.6%, well above the Wisconsin rate of 3.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Racine, Wisconsin?
The Gini coefficient in Racine is 0.503. 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 Racine, Wisconsin?
Since 2009, the income gap between men and women in Racine, Wisconsin has narrowed from about 25% to 5% in 2024. In dollar terms, the gap has narrowed by $7,923 since 2009.
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