Canton, WI is a small town with a population of about 3,000 people that offers a unique quality of life. It is located close to the Wisconsin River and has plenty of outdoor activities to offer its residents. The cost of living in Canton, WI is much lower than the national average for two bedroom rent being $890 compared to the national rent of $1,430. The grocery cost index in Canton, WI is 97 versus 100 in the US. This allows residents more financial flexibility when it comes to living expenses. There are numerous local businesses that make up Canton’s economy including Halbur's Bakery & Cafe, Kamin's Flower Shop, and L&M Oil Company. These locally owned companies provide jobs and services that benefit the community while competing with larger national businesses like Walmart and Target.
Canton has an unemployment rate of 5.5%. The US average is 6.0%.
Canton has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.
Tax Rates for Canton
- The Sales Tax Rate for Canton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Canton 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 Canton
- The average income of a Canton resident is $27,640 a year. The US average is $28,555 a year.
- The Median household income of a Canton resident is $77,143 a year. The US average is $69,021 a year.