Saxon, WI Economy


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United States / Wisconsin / No Metro Area / Iron County / Saxon / Zip Codes
Saxon, WI is an idyllic small town located within Wisconsin. It is home to a variety of businesses that cater to the local community's needs, such as Saxon Hardware and Lumber Co., Saxon Auto Parts, and the historic 2nd Street Diner. The cost of living in Saxon is significantly lower than the national average; 2 bedroom rent costs $810 compared to the US average of $1,430 and grocery cost index stands at 93 versus 100 in the US. Residents of Saxon enjoy a peaceful lifestyle combined with plenty of job opportunities and entertainment in nearby towns.

Saxon has an unemployment rate of 9.1%. The US average is 6.0%.

Saxon has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.

Tax Rates for Saxon
- The Sales Tax Rate for Saxon is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Saxon 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 Saxon
- The average income of a Saxon resident is $24,752 a year. The US average is $28,555 a year.
- The Median household income of a Saxon resident is $80,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySaxon, WisconsinUnited States
  9.16
  -5.0%-6.2%
  27.2%33.5%
  5.5%6.2%
  6.3%4.6%
  $38,198$37,638
  $80,000$69,021
  $103,125$85,028
  Population by Occupation
  7.8%1.2%
  0.0%0.5%
  10.1%6.8%
  24.9%10.0%
  3.7%2.5%
  4.1%11.0%
  2.3%4.8%
  4.6%0.8%
  1.4%1.9%
  0.9%4.7%
  0.0%1.9%
  2.3%7.6%
  0.0%0.1%
  1.4%4.2%
  3.7%9.3%
  18.9%14.0%
  2.8%2.1%
  2.3%7.0%
  0.5%4.8%
  8.3%4.7%
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