Northfield, WI Economy

Northfield, WI is a great place to live and work with many local businesses. It has an affordable cost of living with the average 2 bedroom rent coming in at $820, compared to the US average of $1,430. Additionally, the grocery cost index in Northfield is 92 which is 8 points less than the US average. Popular local companies include Big Brothers Big Sisters of Northfield, The Store Inc., Green Mill Restaurant & Bar, and Northfield Hospital & Clinics. Businesses in Northfield provide good employment opportunities for both new graduates and experienced professionals alike.

Northfield has an unemployment rate of 7.3%. The US average is 6.0%.

Northfield has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 35.5%, which is higher than the US average of 33.5%.

Tax Rates for Northfield
- The Sales Tax Rate for Northfield is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Northfield 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 Northfield
- The average income of a Northfield resident is $23,221 a year. The US average is $28,555 a year.
- The Median household income of a Northfield resident is $80,132 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Northfield, Wisconsin	United States
	7.3	6
	-8.7%	-6.2%
	35.5%	33.5%
	5.5%	6.2%
	6.3%	4.6%
	$37,768	$37,638
	$80,132	$69,021
	$83,750	$85,028
Population by Occupation
	14.0%	1.2%
	5.5%	0.5%
	11.1%	6.8%
	10.3%	10.0%
	0.5%	2.5%
	6.3%	11.0%
	3.4%	4.8%
	0.0%	0.8%
	0.3%	1.9%
	2.9%	4.7%
	1.3%	1.9%
	3.4%	7.6%
	0.0%	0.1%
	0.8%	4.2%
	9.2%	9.3%
	11.9%	14.0%
	2.6%	2.1%
	10.8%	7.0%
	3.2%	4.8%
	2.4%	4.7%