|
Milwaukee is consistently ranked as an excellent city in which to live and do business.
Milwaukee has a strong market for retail business. Per capita personal income in metro Milwaukee,
which totals $34.8 billion, is about 10 percent higher than regional and national averages.
Comparing the City of Milwaukee's density
to that of surrounding suburbs, Milwaukee has one of the highest densities and has higher
aggregate income than these
surrounding suburbs.
|
Community
|
Population
2000
|
Housing
Units
2000
|
Population
Density
(persons per
sq mi)
2000
|
Aggregate
Income
1999
|
Income
per
Square
Mile
1999
|
|
Brookfield
|
38,649
|
14,208
|
1,417
|
$1,441,298,508
|
$52,856,850
|
|
Cudahy
|
18,249
|
7,888
|
3,842
|
$361,484,835
|
$76,108,688
|
|
Franklin
|
29,494
|
10,602
|
850
|
$810,318,156
|
$23,339,416
|
|
Glendale
|
13,367
|
5,772
|
2,232
|
$405,394,376
|
$67,684,968
|
|
Greendale
|
14,405
|
6,011
|
2,569
|
$408,569,015
|
$72,865,264
|
|
Greenfield
|
35,476
|
15,697
|
3,071
|
$842,732,380
|
$72,950,427
|
| Menomonee Falls |
32,647 |
12,844 |
981 |
$896,290,738 |
$26,929,582 |
|
Mequon
|
21,823
|
7,861
|
466
|
$1,054,771,059
|
$22,529,299
|
|
New Berlin
|
38,220
|
14,495
|
1,035
|
$1,138,535,580
|
$30,834,822
|
|
Oak Creek
|
28,456
|
11,239
|
994
|
$671,163,216
|
$23,445,715
|
|
Shorewood
|
13,783
|
6,539
|
8,612
|
$453,490,850
|
$283,354,921
|
|
Waukesha
|
64,825
|
25,663
|
2,990
|
$809,402,650
|
$37,338,218
|
|
Wauwatosa
|
47,271
|
20,388
|
3,570
|
$1,363,012,014
|
$102,925,172
|
|
West Allis
|
61,254
|
27,604
|
5,387
|
$1,281,066,156
|
$112,658,479
|
| Whitefish Bay |
14,163 |
5,457 |
6,611 |
$560,982,267 |
$261,848,214 |
|
Milwaukee
|
596,974
|
232,188
|
6,167
|
$9,659,636,294
|
$99,786,817
|
Source: 2000 Census
Analyzing total income per square mile adjusts for
the variation in land sizes between municipalities. When comparing gross
income per square mile, the City of Milwaukee exceeds suburbs such as Brookfield
and Mequon by more than $40 million per square mile.
Milwaukee has long been a center of commerce and
industry in the Great Lakes region. In recent years, job creation has pushed
local employment levels to historic highs. Between 1983 and 2000, Milwaukee
employers added more than 240,000 jobs, making its economy one of the strongest
in the country. As a result of the continued job growth, unemployment levels
have remained near or below 5% since 1992. The unemployment rate for 2001 was
5.4%. The three sectors that comprise most of Milwaukee’s economy and workforce
are service sector industries, manufacturing, and retail trade. Service sector
industries employ 32.5% of Milwaukee’s workforce. Manufacturing employs 20.2% of
the workforce, and produces $31 billion in product annually. Thirdly, the retail
sales sector employs 15.7% of the workforce, and earned $19.4 billion in retail
sales.
In addition to industrious workers and conservative business practices,
Milwaukee receives the added economic stimulus of tourism. More than 5 million
tourists generated $2.2 billion at area attractions such as festivals, parades,
and the nationally recognized zoo and museum. This is up 17.5% from 1999 due in
part to the newly constructed Miller Park baseball stadium, the Midwest Express
Center, a $120 million addition to the Potawatomi Bingo Casino complex, and a
$100 million addition to the Milwaukee Art Museum.
|
|
