Here are 51 business stats about Wisconsin for 2025.
Basics:
Population: 5,910,955 (US Census 2020)
Population desnity per square mile: 108.80
GDP: $413,967 (millions USD)
GDP Per Capita: $70,569
Median household income (in 2022 dollars): $72,458
Real GDP Growth Rate: 0.20%
Total Employment: 3.2m
Unemployment Rate: 3.3%
Rankings
% Share of National Economy: 1.51%
State Economic Growth Rank (out of 50): 35
Population Growth Rank (out of 50): 29
Business Growth Rank (out of 50): 22
State Growth Rank in Employment (out of 50): 14
Biggest Industries In Wisconsin By Revenue
- Life Insurance & Annuities: $72.8b
- Property, Casualty and Direct Insurance: $26.6b
- Health & Medical Insurance: $26.4b
- Hospitals: $22.7b
- New Car Dealers: $22.2b
- Dairy Product Production: $21.7b
- E-Commerce & Online Auctions: $21.2b
- Gas Stations with Convenience Stores: $19.4b
- Automobile Wholesaling: $17.5b
- Commercial Banking: $13.2b
Biggest Employers In Wisconsin
- Walmart Inc.: 34,143 (1.1%)
- Kwik Trip, Inc.: 27,510 (0.9%)
- University of Wisconsin Hospitals and Clinics Authority: 22,849 (0.7%)
- University of Wisconsin: 21,000 (0.7%)
- Amazon.Com, Inc.: 15,000 (0.5%)
- The Kroger Co.: 12,725 (0.4%)
- United States Postal Service: 12,044 (0.4%)
- Froedtert and Medical College of Wisconsin: 9,471 (0.3%)
- Target Corp: 8,529 (0.3%)
- The Home Depot, Inc.: 5,920 (0.2%)
Small Businesses In Wisconsin
Number of Small Businesses 457,769
Percent of bossiness that are small businesses: 99.40%
Number of employees: 1,300,000
Share of Employment: 48.70%
Number of New Businesses In The Past Year: 21,237
Number of Businesses That Closed In The Past Year: 15,119
Net Change In New Businesses: 6,118
Number of Businesses With No Employees: 352,556
Number of Businesses with 1-19 Employees: 90,189
Number of Businesses with 20-499 Employees: 15,024
Share of Businesses Owned By Women: 41.70%
Share of Businesses Owned By Veterans: 7.10%
Share of Hispanic Owned Businesses: 3.30%
Share of Businesses Owned By Racial Minorities: 7.40%
Fortune 500 Companies In Wisconsin
Number of Fortune 500 Headquaters: 8
Biggest Company: Northwestern Mutual
Biggest Company Type: Insurance: Life, Health (Mutual)
Number of Employees: 8,323
Revenue (in millions): $36,921
Taxes In Wisconsin
State Corporate Tax Rate: 7.90%
State Corporate Tax Rate Brackets: $0
State Sales Tax Rate: 5.00%
State Sales Tax Rank (out of 50): 32
Average Local Sales Tax Rate: 0.70%
Max Local Sales Tax Rate: 2.90%
Average Combined Sales Tax Rate: 5.70%
Combined Sales Tax Rank (out of 50): 42
Minimum State Income Tax Rate If You’re Single: 4.00%
Minimum State Income Tax Rate If You’re Married: 4.00%
General Wisconsin Population Facts
In civilian labor force, total, percent of population age 16 years+: 65.60%
In civilian labor force, female, percent of population age 16 years+: 62.00%
Share of population which is foreign born: 5.00%
Mean travel time to work (minutes), workers age 16 years+: 22.2
Housing
Number of Housing Units: 2,787,556
Owner-occupied housing unit rate: 67.70%
Median value of owner-occupied housing units: $231,400
Median gross rent per month: $992
Households with a computer: 92.90%
Households with a broadband Internet subscription: 87.70%
Education
High school graduate or higher, percent of persons age 25 years+: 93.10%
Bachelor’s degree or higher, percent of persons age 25 years+: 32.00%
Also See
- Wisconsin Registered Agent Services
- Wisconsin Secretary of State Business Search
- How To Form an LLC In Wisconsin
- Wisconsin Bookkeepers & Bookkeeping Services
Sources
- https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
- https://en.wikipedia.org/wiki/Economy_of_Wisconsin
- https://www.ibisworld.com/united-states/economic-profiles/wisconsin/
- https://taxfoundation.org/data/all/state/2024-sales-taxes/
- https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
- https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
- https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
- https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-WI.pdf
- https://www.bls.gov/eag/
- https://www.bls.gov/regions/midwest/wisconsin.htm#eag
- https://www.census.gov/quickfacts/fact/table/WI,US/PST045223
- https://www.50pros.com/fortune500
Leave a Reply