Somo, WI is a vibrant and bustling city that is filled with local businesses and amenities. The city has a fairly low 2 bedroom rent at $970 compared to the US average which is $1,430. Furthermore, Somo has a grocery cost index of 91 which is lower than the US average of 100. Popular companies in Somo include Kwik Trip and Woodman's Food Market which offer great services for the locals. Other than local business opportunities, Somo also features plenty of recreational activities such as biking trails and fishing spots. Additionally, Somo boasts an awesome nightlife with many bars and restaurants located throughout the city. All in all, Somo provides its citizens with plenty of options for entertainment and relaxation.
Somo has an unemployment rate of 4.9%. The US average is 6.0%.
Somo has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Somo
- The Sales Tax Rate for Somo is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Somo 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 Somo
- The average income of a Somo resident is $26,802 a year. The US average is $28,555 a year.
- The Median household income of a Somo resident is $56,250 a year. The US average is $69,021 a year.