Lake Geneva, WI (53147) is a great place to live with plenty of local amenities and a low cost of living. Located in Southeast Wisconsin, Lake Geneva is home to over 8,000 people and boasts small-town charm with beautiful scenery and activities for everyone to enjoy. 2 Bedroom rent in the area averages around $1,000 per month, significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Lake Geneva is 98 compared to 100 in the US.
The city is home to a variety of businesses from small locally-owned stores like The Home Store and Trig's Food Market to larger chains like Walgreens and Ace Hardware. There are also several restaurants ranging from cozy coffee shops like Cafe Calamari or larger cafes such as Fireside Dinner Theatre which offers delicious meals with entertainment included. In addition to conveniences, there are plenty of recreational activities available such as hiking trails, kayaking on Lake Geneva, skiing at Abbey Resort & Avani Spa or visiting one of the many nearby golf courses.
All in all, Lake Geneva is an ideal place for those looking for a community atmosphere with plenty of amenities without breaking the bank when it comes to cost of living expenses.
Lake Geneva (zip 53147) has an unemployment rate of 4.7%. The US average is 6.0%.
Lake Geneva (zip 53147) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Lake Geneva (zip 53147)
- The Sales Tax Rate for Lake Geneva (zip 53147) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Geneva (zip 53147) 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 Lake Geneva (zip 53147)
- The average income of a Lake Geneva (zip 53147) resident is $32,008 a year. The US average is $28,555 a year.
- The Median household income of a Lake Geneva (zip 53147) resident is $73,337 a year. The US average is $69,021 a year.