Geneva, WI is a vibrant town situated in Walworth County. It is known for its thriving local businesses, providing jobs to many residents of the town. Notable companies include Lakeland Supply Inc., which is a full-service provider of industrial supplies and equipment; Arctic Refrigeration, which provides HVAC and refrigeration solutions; Geneva Cabinet Company which produces custom cabinets for kitchens and bathrooms; and Geneva Power Sports LLC., which specializes in outdoor recreational vehicles. The cost of living in Geneva is relatively affordable with a two bedroom rent being approximately $1,010 per month compared to the US average of $1,430. Furthermore, the Grocery Cost Index in Geneva is 98 versus 100 in the US. This means that grocery items are slightly cheaper than the national average. Overall, Geneva has something to offer everyone with its diverse economy, low cost of living, and recreational activities.
Geneva has an unemployment rate of 4.7%. The US average is 6.0%.
Geneva 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 Geneva
- The Sales Tax Rate for Geneva is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Geneva 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 Geneva
- The average income of a Geneva resident is $31,954 a year. The US average is $28,555 a year.
- The Median household income of a Geneva resident is $85,405 a year. The US average is $69,021 a year.