With a population of nearly 70,000 residents, Eau Claire is the eighth-largest city in the state of Wisconsin, and it was officially incorporated in 1872. The city’s name comes from the French translation of “Clear Waters” thanks to its close proximity to the Chippewa River.
Eau Claire is part of the Wisconsin Metropolitan Area, and its largest economic activities are healthcare, advanced manufacturing, and retail. The city’s largest employers include the Mayo Clinic Health Care System, Marshfield Clinic, Menards, Nestle USA, and Hutchinson Technology.
The Gross Domestic Product (GDP) of Eau Claire is approximately $9.3 billion, and the city is home to nearly 28,000 households. Additionally, its workforce consists of around 38,000 people, with most of them being employed in management, healthcare, education, or business.
The city features three higher education institutions, including the Chippewa Valley Technical College, the Immanuel Lutheran College, and a campus of the University of Wisconsin, which enrolls more than 10,000 students per year.
The city’s median household income is approximately $46,000, and the median property value is around $140,000, which makes Eau Claire an attractive destination for those looking for affordable housing.
Since the median household income in Eau Claire is significantly lower than the state’s average ($59,000), there’s a possibility that residents of the city could potentially benefit from the convenience of fast personal loans (also referred to as installment loans). In certain situations, there are many benefits involved in taking out a personal loan to supplement your income, and here we’ll describe what these loans are, how they can be used, and how you can apply and get approved for one quickly.