Colby, WI is a small town located in central Wisconsin with a population of around 2,000 people. It's known for its vibrant agricultural sector and local businesses such as Colby Cheese Factory and Tippy Canoe Inn & Suites. The cost of living in Colby is quite low, with rent typically being around $820 per month for a two-bedroom apartment. This is significantly lower than the US average rent of $1,430 per month for a two-bedroom apartment. In addition, the Grocery Cost Index in Colby is 92 compared to 100 in the US overall which helps make living in Colby more affordable than many other places.
Colby has an unemployment rate of 4.5%. The US average is 6.0%.
Colby has seen the job market decrease by -2.7% 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 Colby
- The Sales Tax Rate for Colby is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Colby 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 Colby
- The average income of a Colby resident is $23,019 a year. The US average is $37,638 a year.
- The Median household income of a Colby resident is $49,420 a year. The US average is $69,021 a year.