About this dataset

Context

The dataset presents a breakdown of households across various income brackets in Balsam Lake Town, Wisconsin, as reported by the U.S. Census Bureau. The Census Bureau classifies households into different categories, including total households, family households, and non-family households. Our analysis of U.S. Census Bureau American Community Survey data for Balsam Lake Town, Wisconsin reveals how household income distribution varies among these categories. The dataset highlights the variation in number of households with income, offering valuable insights into the distribution of Balsam Lake town households based on income levels.

Key observations

• For Family Households: In Balsam Lake town, the majority of family households, representing 14.89%, earn $75,000 to $99,999, showcasing a substantial share of the community families falling within this income bracket. Conversely, the minority of family households, comprising 0.44%, have incomes falling $45,000 to $49,999, representing a smaller but still significant segment of the community.
• For Non-Family Households: In Balsam Lake town, the majority of non-family households, accounting for 17.53%, have income $50,000 to $59,999, indicating that a substantial portion of non-family households falls within this income bracket. On the other hand, the minority of non-family households, comprising 0.0%, earn $45,000 to $49,999, representing a smaller, yet notable, portion of non-family households in the community.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Income Levels:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Income Level: The income level represents the income brackets ranging from Less than $10,000 to $200,000 or more in Balsam Lake Town, Wisconsin (As mentioned above).
• All Households: Count of households for the specified income level
• % All Households: Percentage of households at the specified income level relative to the total households in Balsam Lake Town, Wisconsin
• Family Households: Count of family households for the specified income level
• % Family Households: Percentage of family households at the specified income level relative to the total family households in Balsam Lake Town, Wisconsin
• Non-Family Households: Count of non-family households for the specified income level
• % Non-Family Households: Percentage of non-family households at the specified income level relative to the total non-family households in Balsam Lake Town, Wisconsin

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Balsam Lake town median household income. You can refer the same here