equestId":"6a26a7e2-5c0c-4583-9754-b98416c88304","resource":"content","data":[{"id":"txt_8524dc3841dd42a0a0db9932be73522c","text":", and explain why one might live there\n \nBeloit, WI is a great place to live with affordable rent and groceries. It offers 2 bedroom apartments for $1,020 per month, which is far below the US average of $1,430. Additionally, the Grocery Cost Index in Beloit is 90 compared to 100 in the US. Beloit has multiple local businesses that contribute to the economy such as Regal Beloit Corporation, Frito-Lay Inc., and Follett Corporation. The city also provides many opportunities to explore its many attractions like Beloit College, Riverside Park, Angel Museum, and Ironworks Historic Park. Residents can enjoy cultural events like concerts in Riverfront Park or visit the art galleries located throughout downtown. With its affordable cost of living and numerous activities to partake in - Beloit would be a great place for anyone looking to live in a small town atmosphere with big city amenities.
Beloit has an unemployment rate of 6.2%. The US average is 6.0%.
Beloit has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Beloit
- The Sales Tax Rate for Beloit is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Beloit is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Beloit
- The average income of a Beloit resident is $18,798 a year. The US average is $28,555 a year.
- The Median household income of a Beloit resident is $52,097 a year. The US average is $69,021 a year.