Summary
This summary section provides baseline economic data that can be useful for grant applications, planning, or other activities.
Summary Data
Wallace County (FIPS #20199) is located in Kansas, and has a population of 1,574.
Special Need Indicators
These percentages represent the delination of areas within the selected geography according to the U.S. Census Bureau classification of Urban and Rural
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Economic Distress Indicators
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24-Month Unemployment
Understanding a change in employment can help forecast changes in seasonal unemployment or prepare for higher unemployment periods.
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Change in Employment Across Top 5 Industries by Total Value Added to GDP
Understanding changes in employment by sector can help to plan around growth and decline within the local economy.
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Adjacent Tribal Reservations
No tribal lands are adjacent to the selected area.
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The EDCI uses 53 unique indicators to depict relative strengths and potential areas for growth or maturation across five capacity areas. These capacity indicators fall into five major categories: Human Capital, Financial, Industry, Infrastructure, and Institutions and Partnerships.
To explore your county's capacity in further detail, or to see changes over time in your county's capacity, visit the EDCI portal.
Where Wallace County stands out
Every area has strengths. Below are the top 5 indicators for the selected area as compared to the rest of the country by percentile. These values are represented by the highest capacity calues from the Economic Development Capacity Index. To learn more about the indicators that feed into the Economic Development Capacity Index, click here.
EDCI Category Percentiles
EDCI Categories provide a percentile ranking and capacity bin for the overarching categories in which each EDCI indicator is bucketed.
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Human Capital
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Financial
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Infrastructure
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Industry
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Institutions & Partnerships
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To learn more about the indicators that feed into the Economic Development Capacity Index, click here.
Demographics
Demographics are integral to economic development planning representing the assets of human capacity within a community. Demographics can also lead to key questions around equity in economic development. To learn more about building equity into economic development efforts, review the Access, Process, and Outcomes Framework for Equity in Economic Development.
ACS 2022 (5-yr) County Demographic Estimates
Demographic Characteristics
| Total Population | Persons in Poverty | Percent with Health Insurance | Urban/Rural Classification | |||
|---|---|---|---|---|---|---|
| County | County | National | County | National | Urban | Rural |
| 1,489 | 15.00% | 12.00% | 95.00% | 91.00% | 0.00% | 100.00% |
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Total Population
Understanding changes in population over time can assist with resource planning, allocating resources toward population recruitment or retention, and evaluating future growth.
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Population Explorer
Select variables to better understand demographic composition. Selection of each variable will bring up a graph visualizing subsections of your area's geography.
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Median Household Income
Income increases and decreases can help inform broader information about the workforce and the wellbeing of a community, especially in relation to larger geographies - state and national for example.
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Housing and Infrastructure
Infrastructure plays a role in supporting local business growth, drawing new companies in, and assessing critical projects for an area. In addition to your region's physical infrastructure, key components to addressing infrastructure around economic and social support include transportation, housing and broadband.
Housing
Renter and Owner Statistics
Cost of housing and percent of renters versus owners can be a key indicator for assessing future housing needs. If multiple geographies have been selected the statistics below will calculate a simple average of indicators across the selected geographies.
$564
Median Gross Rent
$611
Median Monthly Owner Cost
$96,200
Median Property Value
$1,736
Median Property Taxes
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Mortgage
The following chart presents gross mortgage costs as a percent of total household income.
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Rent
The following chart presents gross rental costs as a percent of total household income.
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Transportation and Commute
Methods of Commute
These statistics provide insights on the ways in which people travel to and from the selected area. If multiple geographies have been selected, the statistics below will calculate a simple average of indicators across the selected geographies.
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Work Location
These statistics provide insights on the work locations of people within the selected area. If multiple geographies have been selected, the statistics below will calculate a simple average of indicators across the selected geographies.
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Household Internet Accessibility
Map of Household Internet Access by Internet Access Index
The IAI index identifies areas that could be considered broadband deserts where communities do not have quality access to the internet and therefore will find it more difficult to participate in an increasingly digital world.
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Workforce
Workforce data combines demographic information with information about the current labor environment. Understanding the size and composition of workforce can lead to pathways toward new training, support for individuals transitioning into the labor force, and reducing the number of unemployed or underemployed persons in an area.
Labor Force Participation
Labor Force Participation Estimate, Past 5 Years
The labor force participation rate is an estimate of an economy's active workforce.
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Unemployment
Unemployment Rate, Past 5 Years
Understanding a change in employment can help forecast changes in seasonal unemployment or prepare for higher unemployment periods.
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Workforce Summary
Prime Age (25-54) Population Number
Prime Age Employed Population
Prime Age Employment Rate
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Local Economy
Demographics are integral to economic development planning representing the assets of human capacity within a community. Demographics can also lead to key questions around equity in economic development. Assessing your region's access, process, and outcomes around equity and demographics is important.
County Economic and Fiscal Trends
To determine local economic strength and vulnerability, we use the County Economic Performance Index (CEPI) and Local Government Revenue Vulnerability Index (LGRVI). These two metrics estimate monthly changes relative to a user selected baseline. That baseline could be February 2017 to encapsulate our full suite of data, January 2020 to look at changes compared to just before the COVID19 pandemic, or can be selected to compare to a locally significant period of time like a disaster or major local investment.
Revenues included in both indices include: taxes on products and sales, transportation and housing revenues, individual income taxes, severance taxes and royalties, and property taxes. Local government revenues also include a local revenue from state revenue sharing component. In addition, the main index for the LGRVI for county-level governments includes revenue estimates for sub-county government units, including municipalities, school districts, and special districts. This revenue data is aggregated to produce the indices. Find a description of the methodology, including how estimates for each revenue source were produced, is available here.
Revenues included in both indices include: taxes on products and sales, transportation and housing revenues, individual income taxes, severance taxes and royalties, and property taxes. Local government revenues also include a local revenue from state revenue sharing component. In addition, the main index for the LGRVI for county-level governments includes revenue estimates for sub-county government units, including municipalities, school districts, and special districts. This revenue data is aggregated to produce the indices. Find a description of the methodology, including how estimates for each revenue source were produced, is available here.
CEPI/LGRVI Baseline Slider
The CEPI and LGRVI charts can be adjusted using the baseline slider, setting the baseline date from which each index is calculated.
County Economic Performance Index (CEPI)
The County Economic Performance Index measures the percent change in county-level GDP over time.
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State and Local Government Revenue Vulnerability Index (S/LGRVI)
The LGRVI measures the vulnerability of local government revenues by estimating monthly changes relative to a given baseline. Values less than 1 indicate losses.
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Value Added by Current Top 5 County Industries
Value-added is the total output of an industry minus its inputs. Unit is USD in Billions.
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Percent Employment Across Current Top 5 Industries
Adjusted percentage change in employment by industry by county for the given month from the base month.
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Top 5 Industries by GDP
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Top 5 Industries by Number of Jobs
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Average Industry Growth Rate by GDP
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Industry Trends
Widespread industry trends and evaluation of trends in a local area can provide insight to channeling resources to sectors across a local economy.
Location Quotients
Location Quotient (LQ) is a measure of industry concentration as a ratio compared to the distribution of those fields in that industry nationally. If an LQ value is above 1.0, then it indicates that the industry makes up a greater share locally than it does nationally.
This section shows the top eight industries within the county by their associated LQ value. In addition, it shows the annual average rate of change for the past five years for the top 8 industries. Industries with a rate of change that is between -.025 and .025 are considered stable. Industries with a negative rate of change that exceeds -.025 are classified as declining. Industries with a positive rate of change that exceeds .025 are classified as growing.
This section shows the top eight industries within the county by their associated LQ value. In addition, it shows the annual average rate of change for the past five years for the top 8 industries. Industries with a rate of change that is between -.025 and .025 are considered stable. Industries with a negative rate of change that exceeds -.025 are classified as declining. Industries with a positive rate of change that exceeds .025 are classified as growing.
Wage Location Quotient
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Establishments Location Quotient
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Employment Location Quotient
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Patents
Patents
Understanding patents and federal support programs can create context for the local innovation happening in a region.
Number of Patents in the Most Recent Recorded Year (null)
Number of Patents (All Time)
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Small Business Technology Transfer (STTR)
Small Business Technology Transfer (STTR) Grants are federally funded through the Small Business Administration (SBA) to encourage partnership between small businesses and nonprofit research institutions focusing on bridge the gap between performance of basic science and commercialization of resulting innovations.
Small Business Innovation Research (SBIR)
Small Business Innovation Research (SBIR) Grants are federally funded through the Small Business Administration (SBA) to encourage domestic small businesses to engage in Federal Research/Research and Development (R/R&D) with the potential for commercialization.
Number of Grants: 0
Total Funding: $0
Number of Grants: 0
Total Funding: $0
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Risk and Resilience
Resilience against shocks and stressors is a key component to sustainable economic development. Knowing the hazards that threaten a local economy can help to shift plans toward more resilient futures.
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National Risk Index
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Community Resilience Challenges Index
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GINI Coefficient (Income Inequality)
US: 0.4863
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Major Disaster Declarations, Past 5 Years
FEMA Disaster Declarations are announced after a major natural disaster. Because COVID19 was announced as a Disaster for every geographic area within the United States, it has been removed from this list.
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ClimRR Climate Projections
Projected climate conditions from the ClimRR dataset
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National Risk Index
The National Risk Index, built by FEMA, is a metric comprised of 18 indicators to identify communities at risk for natural hazards.
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