Bayfield County, Wisconsin

• Income gap: Households earn meaningfully less than the national median, which directly affects retail demand, housing absorption, and tax base.
• Below the state median: Median household income runs $6,334 (8.2%) under the Wisconsin median, so statewide income averages overstate local household buying power.
• Cost of living stretches income further: Local prices run 5.9% below the national average, so the nominal median of $71,151 is worth $75,612 at national average prices. BEA publishes price parity at state level, not county level.
• Aging population: Median age of 55 is materially above the U.S. norm; succession planning and senior-services demand are real factors.

• Largest private-sector industry: Accommodation and Food Services employs 717 workers (33.8% of tracked sectors), at an average wage of $20,586. Every industry figure on this page is private sector; government employs a further 1,588 and is counted separately.
• Economic scale: Regional GDP of $587M (2024).
• Wage stratification: Information averages $93,478 while Accommodation and Food Services averages $20,586, a 4.5x spread in the same local economy, with implications for workforce development and talent strategy.

• Top specialization: Forestry and Logging concentrates at 12.94x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
• Cluster depth: 14 sub-sectors register LQ ≥ 1.5, but 50.4% of the employment across them depends on one source of demand: visitor economy. Read the count as depth within that single demand base rather than as spread across separate ones.

• In line with national: Home value to income ratio of 3.4x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
• High home ownership: 83.9% owner-occupied; rental supply may be tight for incoming workers.
• Elevated vacancy: 44.3% of housing units are vacant, above the Wisconsin rate of 10.8%, and down from 47.1% in 2019.
• Mostly second homes: seasonal, recreational and occasional-use units are 88.5% of vacant units, so the headline rate is not available supply.
• Genuinely available supply: units listed for rent or for sale are 3.9% of the vacant stock, or 1.7% of all housing units against the 44.3% headline vacancy rate. Absorbable supply for an incoming employer is thin, and the gap between the two is the redevelopment and conversion opportunity.
• Affordable rent tiers: 3 of 5 HUD Fair Market Rent bedroom sizes sit below what a household on the median renter income of $40,769 can pay without cost burden (~$1,019/mo), and 35.3% of renter households are measured as cost-burdened.

• Succession risk is real: 34.6% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
• Low participation: 52.9% labor force participation against a labor force that grew 2% between 2019 and 2024, so workforce development programs may unlock additional supply.
• Talent pipeline: no college, university, or technical school is located in Bayfield County per the IPEDS institutional directory, so any training pipeline serving it runs through institutions outside the county.

Bayfield County shows strong potential for forestry and logging attraction, with a 12.94x concentration and 12 jobs in this sub-sector. It ranks in the top decile nationally. Near-term succession risk is elevated, with 34.6% of the working-age population within 10 years of retirement age.

Most of the employment across the concentrated sub-sectors traces back to a single source of demand. Visitor economy accounts for 50.4% of it, with food services and drinking places the largest single sub-sector at 24.8%. Recruitment that widens the demand base changes that exposure; recruitment inside the same base deepens it.