Racine, Wisconsin is a beautiful city located on the shores of Lake Michigan. It’s known for its vibrant arts and culture scene as well as its many local businesses and attractions. Racine has become home to a number of large companies like Johnson Wax, Case New Holland, SC Johnson & Son Inc., S.C. Johnson & Sons Inc., InSinkErator, Jockey International, and Reckitt Benckiser. The city also has plenty of shopping, dining, entertainment options including an IMAX theater at the Racine Zoo for visitors to enjoy. Residents also have access to great recreational activities such as sailing on Lake Michigan or exploring one of the many parks located in the area. The cost of living in Racine is relatively low with 2 bedroom rent costing around $1,040 compared to the US average of $1,430 and the grocery cost index in Racine being 96 versus 100 in the US. Racine makes for a great place to live or visit with its abundance of culture and activities that make it a charming city that continues to be an attractive destination for locals and tourists alike!
Racine has an unemployment rate of 7.7%. The US average is 6.0%.
Racine has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Racine
- The Sales Tax Rate for Racine is 5.1%. The US average is 7.3%.
- The Income Tax Rate for Racine 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 Racine
- The average income of a Racine resident is $20,429 a year. The US average is $28,555 a year.
- The Median household income of a Racine resident is $48,238 a year. The US average is $69,021 a year.