Minocqua, WI is a small town located in the northern part of Wisconsin. It is known for its scenic lakes and forests, making it a popular destination for outdoor enthusiasts. The median rent for a two-bedroom apartment in Minocqua is an affordable $960; much lower than the US median of $1,430. Additionally, Minocqua has a low grocery cost index of 97 compared to the US average of 100, making groceries more affordable than many other places.
The economy in Minocqua revolves largely around tourism and outdoor activities. Many local companies specialize in providing services to those who come to enjoy the area's natural beauty, such as manitowish watersports rentals and minocqua pontoon boat tours. Other businesses focus on providing goods or services related to outdoor activities like Northwoods Hardware & Rental and Ski's Marine & Sports Center. All these businesses contribute to making Minocqua an attractive year-round destination for both locals and visitors alike.
Minocqua has an unemployment rate of 6.6%. The US average is 6.0%.
Minocqua has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Minocqua
- The Sales Tax Rate for Minocqua is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Minocqua 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 Minocqua
- The average income of a Minocqua resident is $26,352 a year. The US average is $28,555 a year.
- The Median household income of a Minocqua resident is $61,759 a year. The US average is $69,021 a year.