Manitowoc, WI is a great midwestern city with plenty of attractions and local businesses. The cost of living is very affordable, with the average two-bedroom rent only $820 compared to the national average of $1,430. Groceries are also inexpensive, with a grocery cost index that is 91, versus the 100 in the US. This makes Manitowoc a great location for those looking to save money while still having access to all amenities. \nManitowoc is home to many local companies such as Silver Lake College, Bank First National Corporation, and Kaysun Corporation. These businesses make up an important part of the local economy and play a key role in making Manitowoc an attractive place to live.
Manitowoc has an unemployment rate of 4.6%. The US average is 6.0%.
Manitowoc has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Manitowoc
- The Sales Tax Rate for Manitowoc is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Manitowoc 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 Manitowoc
- The average income of a Manitowoc resident is $25,249 a year. The US average is $28,555 a year.
- The Median household income of a Manitowoc resident is $54,767 a year. The US average is $69,021 a year.