Wisconsin agriculture is a big economic driver contributing $104.8 billion annually to our state’s economy. Food processing activity contributes $82.7 billion to industrial sales. The state is home to 64,100 farms on 14.2 million acres. The average farm size in Wisconsin is 222 acres.
What is Wisconsin’s main source of income?
Economy of Wisconsin. Wisconsin’s three major economic enterprises are manufacturing, agriculture, and tourism. It ranks among the top one-fourth of all states in farm income and manufactured goods.
What is Wisconsin’s number 1 industry?
Farm and home management workers top the list of industries employing the most number of people in the States. The local popularity index lies at 27.8. Wisconsin is labeled as “America’s Dairyland”. Thanks to its top production of dairy products, whose income is estimated at $5.4 billion.
How much money does Wisconsin make?
According to the memo from the Legislative Fiscal Bureau, the state brought in about $19.6 billion in tax revenue in the 2020-2021 fiscal year, which is roughly 12 percent higher than the previous year and $319 million more than the most recent estimate predicted.
Does Wisconsin have a good economy?
Economic Outlook Rank
Wisconsin is currently ranked 14th in the United States for its economic outlook.
Is Wisconsin a poor state?
Rich States, Poor States ranks Wisconsin 40th in the nation in all three categories.
Is Wisconsin a wealthy state?
Wisconsin has the twenty-first highest income among states in the United States of America, with a per capita income of $26,624 (2010).
Who is the biggest employer in Wisconsin?
Kohl’s Corp.
Established in 1962, this American department store chain is the largest company in Wisconsin.
What are the most common jobs in Wisconsin?
The most common jobs held by residents of Wisconsin, by number of employees, are Driver/sales workers & truck drivers (73,205 people), Registered nurses (71,496 people), and Laborers & freight, stock, & material movers, hand (67,923 people).
Is Wisconsin a good state to live?
WISCONSIN — Wisconsin has been named 2019’s 6th best state to live in, according to a new report. The report by WalletHub found compared all 50 states across 51 key indicators of livability, including housing costs, income growth, and quality of hospitals.
How much is Wisconsin in debt?
about 22.33 billion U.S. dollars
In the fiscal year of 2021, Wisconsin’s state debt stood at about 22.33 billion U.S. dollars. By the fiscal year of 2027, this is forecasted to increase to about 27.58 billion U.S. dollars.
What is Wisconsin minimum wage?
$7.25 per hour
Wisconsin Minimum Wage for 2021, 2022. Wisconsin’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate.
What is Wisconsin the top producer of?
Leading products
Wisconsin leads the United States in the production of corn for silage, cranberries, ginseng, and snap beans for processing. The state grows more than half the national crop of cranberries, and 97% of the nation’s ginseng.
What is Wisconsin good for?
Wisconsin is considered a great place to live for its good schools, easily affordable big cities, beautiful natural vistas, and midwestern hospitality. The cities of Milwaukee, Eau Claire, and Appleton remain some of the top spots to raise a family in the United States.
What is Wisconsin well known for?
The state is one of the nation’s leading dairy producers and is known as “America’s Dairyland”; it is particularly famous for its cheese. The state is also famous for its beer, particularly and historically in Milwaukee, most notably as the headquarters of the Miller Brewing Company.
Where is Wisconsin ranked in education?
Wisconsin’s education system went from being ranked 18th during the last administration to our current ranking of 8th best in the country. We did that by investing in quality education and uplifting teachers and parents.
What is America’s poorest state?
Mississippi
Mississippi. Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines.
What is the poorest city in Wisconsin?
The Center Square
Milwaukee was ranked the poorest city in Wisconsin in a 24/7 Wall St. analysis examining U.S. municipalities where households earn less than the nation’s median annual household income of $65,712.
What is the poorest county in WI?
Menominee was ranked the poorest county in Wisconsin in a Wall St. 24/7 analysis of the least affluent regions in all 50 states. Menominee recorded a median household income of $38,080 annually, based on 2017 U.S. Census Bureau data.
Which state is richest in USA?
Richest U.S. States by GDP
- 1. California. California, the nation’s most populous state, has the largest state GDP of $3,120,386,000. California’s median household income is $80,440, the sixth-highest in the U.S.
- Texas.
- New York.
- Florida.
- Illinois.
How many billionaires are in Wisconsin?
8 billionaires
Billionaires are ranked by net worth as of April 30. Forbes lists 8 billionaires in Wisconsin.