Abbotsford, WI is a small city located in central Wisconsin. It offers its residents a peaceful and relaxed lifestyle while still being near larger cities like Eau Claire for access to attractions and amenities. The cost of living in Abbotsford is quite affordable, with two-bedroom rent averaging around $860 compared to the US average of $1,430. Grocery costs are also slightly below the national index at 92 versus 100 in the US. Local companies in Abbotsford include Minnesota Limited Inc., Enchanted Evenings Event Center, and Mueller's Appliance & Electronics. The economy of Abbotsford has been stable over the past few years, with many businesses taking advantage of the low cost of living to open up shop or expand their existing services offering more job opportunities for locals.
Abbotsford has an unemployment rate of 4.5%. The US average is 6.0%.
Abbotsford has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 39.4%, which is higher than the US average of 33.5%.
Tax Rates for Abbotsford
- The Sales Tax Rate for Abbotsford is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Abbotsford 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 Abbotsford
- The average income of a Abbotsford resident is $22,390 a year. The US average is $28,555 a year.
- The Median household income of a Abbotsford resident is $49,760 a year. The US average is $69,021 a year.