Cedar Lake, WI is a small community located in eastern Wisconsin. It is home to many small businesses, including the Cedar Lake Marina, Cedar Lake Inn Restaurant, and Cedar Lake Yacht Club. With cost of living being significantly lower than the US average, rent for a two-bedroom apartment is only $890 compared to the US average of $1,430. Additionally, the grocery cost index in Cedar Lake is 98 versus 100 in the US. The median salary for professionals employed by local companies is around $44k per year while entry-level positions usually pay around $30k per year.
Cedar Lake has an unemployment rate of 5.5%. The US average is 6.0%.
Cedar Lake has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Cedar Lake
- The Sales Tax Rate for Cedar Lake is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Cedar Lake 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 Cedar Lake
- The average income of a Cedar Lake resident is $28,197 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Lake resident is $68,889 a year. The US average is $69,021 a year.