Homestead, WI is a small town located in the Midwest with an approximate population of 2,000 people. Despite its small size, Homestead has much to offer residents and visitors alike. Rent for a 2-bedroom residence generally costs around $990 per month, which is noticeably lower than the US average of $1,430 per month. Additionally, grocery costs are favorable in comparison to the US index, with a score of 93 compared to the national benchmark of 100. The cost of living is definitely one reason why people choose Homestead as their home.
For those looking for employment opportunities in Homestead, there are several local companies from which to choose. Companies such as Park Bank, King's Family Restaurant and Larson's Chevrolet-Buick provide jobs to many members of the community. Other nearby businesses include The Village Library and Nitschke Oil Company. With so many options available in such a small area, Homestead is making big strides towards becoming an even better place to live and work.
Homestead has an unemployment rate of 6.4%. The US average is 6.0%.
Homestead has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Homestead
- The Sales Tax Rate for Homestead is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Homestead 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 Homestead
- The average income of a Homestead resident is $23,681 a year. The US average is $28,555 a year.
- The Median household income of a Homestead resident is $67,679 a year. The US average is $69,021 a year.