Springwater, WI is a small town located in central Wisconsin. It is home to many local businesses such as the Springwater Library, Springwater Hardware, and the Springwater Post Office. The cost of living in Springwater is significantly lower than most other cities in the US with an average two bedroom rent of $840 compared to the US average of $1,430. Additionally, the Grocery Cost Index is 94 versus 100 in the US making it relatively inexpensive to shop for groceries. All this makes Springwater a great place for families who are looking for a cost effective place to live with plenty of attractions and activities for all ages to enjoy.
Springwater has an unemployment rate of 6.1%. The US average is 6.0%.
Springwater 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 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Springwater
- The Sales Tax Rate for Springwater is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Springwater 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 Springwater
- The average income of a Springwater resident is $24,475 a year. The US average is $28,555 a year.
- The Median household income of a Springwater resident is $65,000 a year. The US average is $69,021 a year.