Economic Indicators
Racine’s
economic success is the result of hard-working, talented people who are dedicated
to creating a dynamic community. Lack of quality, affordable housing and
well-paying jobs can hamper the City’s ability to attract new business and grow.
Identifying opportunities to improve Racine’s job and housing situations can
lead to a strong local economy that is able to withstand downturns. This
section contains information about factors affecting Racine’s economy.
Housing
Source: U.S. Census Bureau
The City of Racine has a smaller percentage of
substandard housing compared to Racine County, the State of Wisconsin, and the United States. This means that almost every home in the City has appropriate plumbing and kitchen
facilities.
Residents Living in Poverty
Source: U.S Census Bureau
People whose income is below a
certain level, depending on family size and as determined by the U.S. Census
Bureau, are considered to be living in poverty. The City of Racine has a significantly higher percentage of the total
population living in poverty compared to Racine County, the State of
Wisconsin, and the United States.
Supplemental Nutrition Assistance Program (SNAP, FoodShare) Enrollment
Sources:
U.S. Department of Agriculture and Wisconsin Department of Health Services
The FoodShare (Wisconsin's SNAP program) enrollment rate in Racine County has consistently been higher than both the State of Wisconsin and the United States. However, overall enrollment rates have been declining since 2014.
Unemployment
Source: U.S. Bureau of Labor Statistics
The unemployment rate
in the City of Racine has been on a decreasing trend since 2014, although it remains significantly higher than the rates for Racine County, the State of Wisconsin, and the U.S.
Homelessness
Source:
HUD Homelessness Data Exchange
The homeless rates in Racine County and the State of Wisconsin are significantly lower than the United States. In 2018, the County's rate ticked up sharply after several years of being relatively stable.
Foreign-Born Non-Citizens
Sources:
Towncharts
and Migration Policy
The rate of foreign-born non-citizens is higher in the City of Racine than in both Racine County and the State of Wisconsin, but is lower than the Unites States.