Lake Nebagamon, WI is a small town in Wisconsin with a population of just over 500 people. It's known for its picturesque lake and surrounding countryside. The cost of living in Lake Nebagamon is extremely affordable compared to the rest of the United States. Rent for a two bedroom apartment averages $1,020 per month which is significantly lower than the national average of $1,430. The Grocery Cost Index in Lake Nebagamon is 97 as compared to 100 in the US, meaning groceries are generally more affordable here than elsewhere. \nLocal businesses such as Iron River Inn & Supper Club and Wilcox General Store offer residents and visitors alike with quality services and goods at reasonable rates. Overall, Lake Nebagamon proves itself to be an inviting place to live due to its cost-effective rates and pleasant atmosphere.
Lake Nebagamon has an unemployment rate of 5.6%. The US average is 6.0%.
Lake Nebagamon has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Lake Nebagamon
- The Sales Tax Rate for Lake Nebagamon is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Nebagamon 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 Lake Nebagamon
- The average income of a Lake Nebagamon resident is $31,290 a year. The US average is $28,555 a year.
- The Median household income of a Lake Nebagamon resident is $70,536 a year. The US average is $69,021 a year.