New Denmark, Wisconsin is a picturesque town located in the east part of the state with a charming atmosphere. Although the population is not known, this small community is home to several businesses such as Schuback Pharmacy, Krause's Café & Bistro, and The Corner Scone Bakery. The cost of living in New Denmark is lower than the national average when comparing rent for a two-bedroom apartment, which costs $950 versus $1,430 nationally and grocery cost index rating at 94 versus 100. All in all, New Denmark has an affordable cost of living that makes it an attractive place to call home.
New Denmark has an unemployment rate of 4.2%. The US average is 6.0%.
New Denmark 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 35.7%, which is higher than the US average of 33.5%.
Tax Rates for New Denmark
- The Sales Tax Rate for New Denmark is 5.5%. The US average is 7.3%.
- The Income Tax Rate for New Denmark 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 New Denmark
- The average income of a New Denmark resident is $30,216 a year. The US average is $28,555 a year.
- The Median household income of a New Denmark resident is $93,333 a year. The US average is $69,021 a year.