Economy in Wisconsin

GDP, income, output and the industries that drive the economy.

Real GDP (chained 2017 dollars)
$363,842,000,000
2025 · BEA
Real GDP growth
0.8%
2025 · Annual % change in BEA real GDP
Per capita personal income
$71,219
2025 · BEA
Median household income (CPS)
$88,020
2025 · Census CPS ASEC
Poverty rate, all ages (SAIPE)
10.3%
2024 · Census Small Area Income and Poverty Estimates
CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
Nominal GDP (current dollars)
$478,781,000,000
2025 · BEA
Government jobs
414,608
2025 · BLS Current Employment Statistics

GDP

Total economic output.

Real GDP (chained 2017 dollars)
$363,842,000,000
2025 · BEA
Rank
21st in the U.S.
Share of U.S. GDP
1.5%

Real GDP (chained 2017 dollars)

1997–2025
$363,842,000,000▲ 63%

BEA, chained 2017 dollars (FRED WIRGSP).

IndicatorWisconsinU.S.
GDP (USD B)44829200
  • •If Wisconsin were a country, its economy would rank around 40th in the world, close to Romania.

GDP Growth

Real growth of output.

Real GDP growth
0.8%
2025 · Annual % change in BEA real GDP
5-year average
+1.5%
Trend
Below average

Real GDP growth

1998–2025
0.8%

Annual % change in BEA real GDP (WIRGSP).

IndicatorWisconsinU.S.
Real GDP growth (%)1.82.8
  • •Wisconsin's growth tracks the industrial Midwest and is more sensitive to manufacturing cycles than the U.S. average.

Personal Income

Income per resident.

Per capita personal income
$71,219
2025 · BEA
Personal income per capita
$64,500
Rank
24th in the U.S.

Per capita personal income

1970–2025
$71,219▲ 1686%

BEA, current dollars (FRED WIPCPI).

IndicatorWisconsinU.S.
Personal income per capita (USD)6450069800
  • •Wisconsin's per-capita income sits just below the U.S. average, and so does its cost of living.

Median Household Income

Typical household income.

Median household income (CPS)
$88,020
2025 · Census CPS ASEC
Median household income
$75,670
Rank
20th in the U.S.
5-year change
+23%

Median household income (CPS)

1984–2025
$88,020▲ 324%

Census CPS ASEC, current dollars (FRED MEHOINUSWIA646N).

IndicatorWisconsinU.S.
Median household income (USD)7567077719
  • •Median household income in Wisconsin is close to the national figure, with Dane and Waukesha counties well above it.

Poverty Rate

Share living below the poverty line.

Poverty rate, all ages (SAIPE)
10.3%
2024 · Census Small Area Income and Poverty Estimates
Poverty rate
10.7%
Child poverty
13.0%
People in poverty
610,000

Poverty rate, all ages (SAIPE)

1989–2024
10.3%

Census Small Area Income and Poverty Estimates (FRED PPAAWI55000A156NCEN).

IndicatorWisconsinU.S.
Poverty rate (%)10.712.5
  • •Wisconsin's poverty rate is among the lowest in the Midwest, yet Milwaukee remains one of the poorest large cities in the country.

Inflation

Consumer price change.

CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
CPI inflation, Midwest region
2.8%
2025 · BLS CPI-U all items
CPI change
+2.7%
Shelter inflation
+4.0%
Food inflation
+2.0%

CPI inflation, U.S.

2007–2024
2.9%

BLS CPI-U U.S. city average, annual average change (CPIAUCNS).

CPI inflation, Midwest region

2007–2025
2.8%

BLS CPI-U all items, Midwest region, annual average change (CUUR0200SA0).

IndicatorWisconsinU.S.
CPI change (%)2.73.0
  • •Midwest inflation readings have run slightly below the national rate since 2023.

Economic Output

Output per resident and worker.

Nominal GDP (current dollars)
$478,781,000,000
2025 · BEA
GDP per capita
$75,200
Output per worker
$141,000
Rank
27th in the U.S.

Nominal GDP (current dollars)

1997–2025
$478,781,000,000▲ 212%

BEA, current dollars (FRED WINGSP).

IndicatorWisconsinU.S.
GDP per capita (USD)7520087200
  • •Output per worker in Wisconsin is below the U.S. average, partly because so many people work in lower-wage sectors.

Industry Breakdown

Composition of the economy.

Government jobs
414,608
2025 · BLS Current Employment Statistics
Manufacturing jobs
457,925
2025 · BLS Current Employment Statistics
Construction jobs
146,300
2025 · BLS Current Employment Statistics
Manufacturing
18.5% of GDP
Dairy & food processing
3.0%
Healthcare
8.0%

Government jobs

1990–2025
414,608▲ 21%

BLS Current Employment Statistics, annual average (FRED WIGOVT).

Manufacturing jobs

1990–2025
457,925▼ 13%

BLS Current Employment Statistics, annual average (FRED WIMFG).

Construction jobs

1990–2025
146,300▲ 66%

BLS Current Employment Statistics, annual average (FRED WICONS).

IndicatorWisconsinU.S.
Manufacturing share of GDP (%)18.510.2
  • •Wisconsin is one of the most manufacturing-intensive states in the U.S. and produces more cheese than any other state.

More figures

GDP
$438 B
21st in the U.S.
GDP per capita
$73,500
Unemployment rate
2.9%
2024
Median annual wage
$49,900
Fortune 500 HQs
9 companies
Leading sector
Manufacturing (≈ 18% of GDP)