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 | Walworth County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,548 | $75,766 | $78,145 |
| Median Personal Income | $59,412 | $60,217 | $61,726 |
| Average income growth | 4.8% | 4.7% | 5.1% |
| Six-Figure Earners | 10.5% | 10.6% | 13.2% |
The median household income in Walworth County is about 2% higher than in Wisconsin. Income has been growing faster in Walworth County (4.8%/yr) than in Wisconsin (4.7%/yr).
About 11% of adults in Walworth County earn six figures ($100,000 or more) a year, about the same as the Wisconsin average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Walworth County, Wisconsin grew by 44.2% from 2009 to 2023, reaching $77,548 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Walworth County | Gender Pay Gap | Gini Coefficient
| Metric | Walworth County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.516 | 0.570 |
| Male Median Income | $66,439 | $65,881 | $67,746 |
| Female Median Income | $49,632 | $53,174 | $54,793 |
| Gender Pay Gap | 25.3% | 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 Walworth County, it is 0.526, higher than Wisconsin's 0.516, so income is less 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 34% more than women's income in Walworth County, Wisconsin. Over a 35-year career, a 34% wage gap accumulates to roughly $588,245 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Walworth County, Wisconsin has narrowed from about 33% to 25% in 2023. In dollar terms, the gap has widened by $616 since 2009.
Employment
| Metric | Walworth County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 3.3% | 5.2% |
| Working from Home | 9.7% | 11.6% | 13.4% |
| Commute time (minutes) | 18 | 18 | 22 |
Approximately 1,934 people are unemployed in Walworth County, Wisconsin.
The average commute time in Walworth County is 18 minutes, about the same as in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Walworth County, Wisconsin has fallen from 7.0% to 3.4% in 2023.
Conclusion
Considering all these factors, Walworth 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 Walworth County, Wisconsin.
How Rich Is Walworth County, Wisconsin?
Walworth 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 $77,548, about 2% higher than the Wisconsin average of $75,766.
What is the current median household income in Walworth County, Wisconsin?
As of 2023, the median household income in Walworth County, Wisconsin is $77,548.
What was the median household income in Walworth County in 2023?
In 2023, the median household income in Walworth County, Wisconsin was $77,548.
What was the median household income in Walworth County in 2020?
In 2020, the median household income in Walworth County, Wisconsin was $66,792.
What is the Gini coefficient in Walworth County, Wisconsin?
The Gini coefficient in Walworth County is 0.526. 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 Walworth County, Wisconsin?
Since 2009, the income gap between men and women in Walworth County, Wisconsin has narrowed from about 33% to 25% in 2023. In dollar terms, the gap has widened by $616 since 2009.