Income

Household Income (HHI)

Median HHI - $84,763

With a Median Household Income of $84,763 the Milwaukee-Racine-Kenosha, WI Market ranks 54th across STI Markets.

Average HHI - $112,720

The Average Household Income is $112,720 for which this market ranks 51st.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Milwaukee-Racine-Kenosha, WI market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - Moderate

The distribution of Household Income in the Milwaukee-Racine-Kenosha, WI market can be considered Moderate with a Gini coefficient of 0.442. This market ranks 94th in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $75,908 and $128,195, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $64,151

With an Average Household Income for those head of householders aged under 25 of $64,151 the Milwaukee-Racine-Kenosha, WI market ranks 70th across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $119,015

With an Average Household Income for those head of householders aged 25 to 45 of $119,015 the Milwaukee-Racine-Kenosha, WI market ranks 56th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $129,854

With an Average Household Income for those head of householders aged 45 to 65 of $129,854 the Milwaukee-Racine-Kenosha, WI market ranks 45th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $87,152

With an Average Household Income for those head of householders aged 65 and over of $87,152 the Milwaukee-Racine-Kenosha, WI market ranks 65th across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $122,395

With an Average Household Income for those head of householders Non-Hispanic White of $122,395 the Milwaukee-Racine-Kenosha, WI market ranks 43rd across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $66,748

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $66,748 the Milwaukee-Racine-Kenosha, WI market ranks 133rd across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $131,096

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $131,096 the Milwaukee-Racine-Kenosha, WI market ranks 55th across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $105,386

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $105,386 the Milwaukee-Racine-Kenosha, WI market ranks 58th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $93,388

With an Average Household Income for those head of householders identifying as Hispanic of $93,388 the Milwaukee-Racine-Kenosha, WI market ranks 84th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $85,431

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $85,431 which ranks 61st across STI Markets.

This is a drop of $27,289, or 24.21%, overall this percentage drop ranks 35th across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $64,844

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $64,844 which ranks 62nd across STI Markets.

This is a drop of $47,876, or 42.47%, overall this percentage drop ranks 34th across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing