Random Lake, WI is a small town located in Sheboygan County with a population of 2,099 residents. The rent for two bedroom apartments is very competitive at $910 compared to the US average of $1,430. Additionally, Random Lake has a favourable grocery cost index of 96 compared to 100 nationally. This makes it an attractive option for those looking to save on their monthly expenses. The local economy mostly consists of small businesses such as Diverse Services LLC, RLB Contracting Inc., and Hennigan Door Co. As such, the cost of living in Random Lake is relatively low when compared to other cities making it ideal for young professionals, families and retirees alike.
Random Lake has an unemployment rate of 3.7%. The US average is 6.0%.
Random Lake has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Random Lake
- The Sales Tax Rate for Random Lake is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Random 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 Random Lake
- The average income of a Random Lake resident is $29,663 a year. The US average is $28,555 a year.
- The Median household income of a Random Lake resident is $75,613 a year. The US average is $69,021 a year.