Commonwealth, WI is a small town located in the Midwest region of the United States. The cost of living is quite low in Commonwealth with two-bedroom rent being around $1,000 and grocery costs being about 7% lower than the US average. Despite its size, Commonwealth has plenty to offer its residents with a variety of local businesses. Some notable companies include Commonwealth Cafe & Bakery, Wisconsin Indianhead Technical College, and Royal Tire Center.
Commonwealth has an unemployment rate of 6.4%. The US average is 6.0%.
Commonwealth has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Commonwealth
- The Sales Tax Rate for Commonwealth is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Commonwealth 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 Commonwealth
- The average income of a Commonwealth resident is $23,258 a year. The US average is $28,555 a year.
- The Median household income of a Commonwealth resident is $50,240 a year. The US average is $69,021 a year.