Babcock, WI is a small town located in Wood County that offers a low cost of living compared to the US average. The average rent for a two bedroom in Babcock, WI is $840 which is significantly lower than the US two bedroom average of $1,430. Additionally, groceries in Babcock have an index score of 90 while the US national index score stands at 100. This suggests that groceries are also more affordable in Babcock.
The local economy is supported by businesses such as Pintex Inc., E-Z Trucking Co., Badgerland Excavating, and Curran Contracting LLC who offer services ranging from asphalt paving to trucking services. This allows residents to find employment opportunities close to home and helps keep their costs low when looking for goods and services. With its low cost of living and a variety of job opportunities, Babcock makes for an attractive place for people looking for an affordable lifestyle.
Babcock has an unemployment rate of 5.8%. The US average is 6.0%.
Babcock has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Babcock
- The Sales Tax Rate for Babcock is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Babcock 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 Babcock
- The average income of a Babcock resident is $27,035 a year. The US average is $37,638 a year.
- The Median household income of a Babcock resident is $49,167 a year. The US average is $69,021 a year.