Iron Belt, WI is a small city located in the northwest part of Wisconsin. It is home to various businesses including Iron River Steel, Bison Plastics, and Brazeau Foods. The cost of living in Iron Belt is generally lower than the US average; for example, the two bedroom rent averages $820 per month compared to the national average of $1,430. Grocery Cost Index in Iron Belt is 90 versus 100 in the US. This indicates that food prices are usually lower in Iron Belt than they are elsewhere in the US. All these factors make Iron Belt an attractive place to live and work for those looking for an affordable yet comfortable lifestyle.
Iron Belt has an unemployment rate of 9.1%. The US average is 6.0%.
Iron Belt has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Iron Belt
- The Sales Tax Rate for Iron Belt is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Iron Belt 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 Iron Belt
- The average income of a Iron Belt resident is $18,341 a year. The US average is $28,555 a year.
- The Median household income of a Iron Belt resident is $50,000 a year. The US average is $69,021 a year.