Wealth Index
Among the top 3 wealthiest 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 | St. Croix County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $102,703 | $75,766 | $78,145 |
| Median Personal Income | $70,762 | $60,217 | $61,726 |
| Average income growth | 4.8% | 4.7% | 5.1% |
| Six-Figure Earners | 16.8% | 10.6% | 13.2% |
The median household income in St. Croix County is about 36% higher than in Wisconsin. Income has been growing faster in St. Croix County (4.8%/yr) than in Wisconsin (4.7%/yr).
About 17% of adults in St. Croix County earn six figures ($100,000 or more) a year, higher than the Wisconsin average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in St. Croix County, Wisconsin grew by 51.3% from 2009 to 2023, reaching $102,703 in 2023. That's an average of about 4.8% per year.
Economic Inequality in St. Croix County | Gender Pay Gap | Gini Coefficient
| Metric | St. Croix County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.497 | 0.516 | 0.570 |
| Male Median Income | $77,880 | $65,881 | $67,746 |
| Female Median Income | $62,911 | $53,174 | $54,793 |
| Gender Pay Gap | 19.2% | 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 St. Croix County, it is 0.497, 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 24% more than women's income in St. Croix County, Wisconsin. Over a 35-year career, a 24% wage gap accumulates to roughly $523,915 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in St. Croix County, Wisconsin has narrowed from about 24% to 19% in 2023. In dollar terms, the gap has widened by $1,760 since 2009.
Employment
| Metric | St. Croix County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.0% | 3.3% | 5.2% |
| Working from Home | 14.3% | 11.6% | 13.4% |
| Commute time (minutes) | 23 | 18 | 22 |
Approximately 1,027 people are unemployed in St. Croix County, Wisconsin.
The average commute time in St. Croix County is 23 minutes, longer than the 18 minutes in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in St. Croix County, Wisconsin has fallen from 6.5% to 2.0% in 2023.
Conclusion
Considering all these factors, St. Croix County, Wisconsin has an overall wealth index grade of A, making it somewhat better than Wisconsin, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in St. Croix County, Wisconsin.
How Rich Is St. Croix County, Wisconsin?
St. Croix County has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $102,703, about 36% higher than the Wisconsin average of $75,766.
What is the current median household income in St. Croix County, Wisconsin?
As of 2023, the median household income in St. Croix County, Wisconsin is $102,703.
What was the median household income in St. Croix County in 2023?
In 2023, the median household income in St. Croix County, Wisconsin was $102,703.
What was the median household income in St. Croix County in 2020?
In 2020, the median household income in St. Croix County, Wisconsin was $85,545.
What is the Gini coefficient in St. Croix County, Wisconsin?
The Gini coefficient in St. Croix County is 0.497. 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 St. Croix County, Wisconsin?
Since 2009, the income gap between men and women in St. Croix County, Wisconsin has narrowed from about 24% to 19% in 2023. In dollar terms, the gap has widened by $1,760 since 2009.