Stoughton, Wisconsin is a beautiful city situated in Dane County. It has a rich history, plentiful outdoor activities, and a vibrant local community. The city’s 2 bedroom rent is $1,190, which is lower than the US average of $1,430. Also, the Grocery Cost Index in Stoughton is 97 compared to 100 in the US; thus giving residents more bang for their buck when it comes to groceries. The overall cost of living in Stoughton is lower than many other places throughout the country. Local companies that are popular amongst Stoughton residents include D&S Manufacturing Co., Northern Engraving Corporation, and Dynamic Designs Incorporated. All these companies provide quality services and products to customers from all over the state. With its low cost of living and thriving local businesses, Stoughton makes for an attractive place to live.
Stoughton has an unemployment rate of 3.5%. The US average is 6.0%.
Stoughton has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 37.8%, which is higher than the US average of 33.5%.
Tax Rates for Stoughton
- The Sales Tax Rate for Stoughton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Stoughton 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 Stoughton
- The average income of a Stoughton resident is $28,027 a year. The US average is $28,555 a year.
- The Median household income of a Stoughton resident is $67,272 a year. The US average is $69,021 a year.