Paddock Lake, WI is a small town located in Kenosha County. It is home to many local businesses such as the Paddock Lake Family Market, The Mustard Seed Cafe, and New Berlin Insurance Agency among others. The cost of living in Paddock Lake is quite affordable which makes it an attractive option for those looking to settle down in the area. Rent for a two bedroom apartment averages $1,340 per month compared to the US average of $1,430 per month while the Grocery Cost Index is 96 versus 100 in the US. Along with competitive prices for groceries and rent, Paddock Lake also offers plenty of scenic beauty and activities to enjoy from swimming at one of their two lakes, hiking along the trails that surround them or just relaxing at one of their parks or beaches.
Paddock Lake has an unemployment rate of 5.2%. The US average is 6.0%.
Paddock Lake has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 34.1%, which is higher than the US average of 33.5%.
Tax Rates for Paddock Lake
- The Sales Tax Rate for Paddock Lake is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Paddock Lake 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 Paddock Lake
- The average income of a Paddock Lake resident is $26,173 a year. The US average is $28,555 a year.
- The Median household income of a Paddock Lake resident is $74,475 a year. The US average is $69,021 a year.