Wealth Index
Wealthiest 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 | Waukesha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $104,733 | $75,766 | $78,145 |
| Median Personal Income | $78,664 | $60,217 | $61,726 |
| Average income growth | 4.2% | 4.7% | 5.1% |
| Six-Figure Earners | 19.4% | 10.6% | 13.2% |
The median household income in Waukesha County is about 38% higher than in Wisconsin. Income has been growing slower in Waukesha County (4.2%/yr) than in Wisconsin (4.7%/yr).
About 19% of adults in Waukesha 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 Waukesha County, Wisconsin grew by 40.7% from 2009 to 2023, reaching $104,733 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Waukesha County | Gender Pay Gap | Gini Coefficient
| Metric | Waukesha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.516 | 0.570 |
| Male Median Income | $88,788 | $65,881 | $67,746 |
| Female Median Income | $66,573 | $53,174 | $54,793 |
| Gender Pay Gap | 25.0% | 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 Waukesha County, it is 0.521, about the same as Wisconsin's 0.516, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 33% more than women's income in Waukesha County, Wisconsin. Over a 35-year career, a 33% wage gap accumulates to roughly $777,525 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Waukesha County, Wisconsin has narrowed from about 30% to 25% in 2023. In dollar terms, the gap has widened by $3,707 since 2009.
Employment
| Metric | Waukesha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 3.3% | 5.2% |
| Working from Home | 15.3% | 11.6% | 13.4% |
| Commute time (minutes) | 21 | 18 | 22 |
Approximately 5,761 people are unemployed in Waukesha County, Wisconsin.
The average commute time in Waukesha County is 21 minutes, longer than the 18 minutes in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Waukesha County, Wisconsin has fallen from 5.3% to 2.6% in 2023.
Conclusion
Considering all these factors, Waukesha 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 Waukesha County, Wisconsin.
How Rich Is Waukesha County, Wisconsin?
Waukesha 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 $104,733, about 38% higher than the Wisconsin average of $75,766.
What is the current median household income in Waukesha County, Wisconsin?
As of 2023, the median household income in Waukesha County, Wisconsin is $104,733.
What was the median household income in Waukesha County in 2023?
In 2023, the median household income in Waukesha County, Wisconsin was $104,733.
What was the median household income in Waukesha County in 2020?
In 2020, the median household income in Waukesha County, Wisconsin was $89,621.
What is the Gini coefficient in Waukesha County, Wisconsin?
The Gini coefficient in Waukesha County is 0.521. 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 Waukesha County, Wisconsin?
Since 2009, the income gap between men and women in Waukesha County, Wisconsin has narrowed from about 30% to 25% in 2023. In dollar terms, the gap has widened by $3,707 since 2009.