Elkhart Lake, WI is a small town located in Sheboygan County. Known for its beautiful lake and natural scenery, this town is an ideal destination for outdoor enthusiasts. Not only can residents enjoy the natural beauty of Elkhart Lake, but they can also find solace in the local businesses that make up the community. Popular companies include The Osthoff Resort, Wigwam Gifts & Apparel, Fisherman’s Corner Restaurant, and the Lumberyard Bar & Grill. Despite being a small town, Elkhart Lake offers a competitive cost of living compared to other cities in the US. For example, 2 bedroom rent in Elkhart Lake is $1,040 while it costs $1,430 in other parts of the US. Additionally, the Grocery Cost Index in Elkhart Lake is 98 versus 100 in the US. All-in-all, Elkhart Lake provides a great opportunity for those looking to experience nature while living plenty comfortably on their budget.
Elkhart Lake has an unemployment rate of 3.7%. The US average is 6.0%.
Elkhart Lake has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Elkhart Lake
- The Sales Tax Rate for Elkhart Lake is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Elkhart Lake 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 Elkhart Lake
- The average income of a Elkhart Lake resident is $36,906 a year. The US average is $28,555 a year.
- The Median household income of a Elkhart Lake resident is $71,394 a year. The US average is $69,021 a year.