Algoma, WI is a small town with a population of 3,460 people and makes up part of the greater Green Bay Metro area. The cost of living is very affordable in Algoma, with the median 2-Bedroom rent being $880 compared to the US median of $1,430. Grocery stores are also more affordable in Algoma at 91 on the grocery cost index compared to 100 in the US.
Many local companies call Algoma home such as CNC Machine Tooling Inc., Nsight Telecom Holding LLC., as well as Kewaunee Fabrications LLC.. These companies provide local residents with ample job opportunities.
Algoma is an appealing place to live for its low cost of living and quality employment opportunities. With easy access to major cities like Milwaukee or Chicago and plenty of outdoor recreation activities, there's something for everyone in this charming Wisconsin town.
Algoma has an unemployment rate of 3.8%. The US average is 6.0%.
Algoma has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Algoma
- The Sales Tax Rate for Algoma is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Algoma 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 Algoma
- The average income of a Algoma resident is $19,579 a year. The US average is $28,555 a year.
- The Median household income of a Algoma resident is $67,318 a year. The US average is $69,021 a year.