Edgewater, Wisconsin is a small community located in the state's northeastern corner. It is known for its scenic views of Lake Michigan and its access to plenty of outdoor activities. The cost of living in Edgewater is quite low compared to the national average. For example, the average rent for a two-bedroom apartment is $890, which is significantly lower than the US average of $1,430. Additionally, grocery costs have also been kept low with an index at 99 compared to the national figure of 100.
The city has many local companies that provide goods and services to its residents. There are two banks as well as multiple locally owned businesses including restaurants, coffee shops, boutiques and farmers markets which all offer unique products or experiences for locals. Edgewater also offers plenty of opportunities for leisure activities such as fishing, biking and kayaking around Lake Michigan’s shoreline or relaxing at one of the many nearby parks. Residents can even take part in various classes offered by local organizations and businesses like pottery classes or cooking classes.
Edgewater has an unemployment rate of 7.2%. The US average is 6.0%.
Edgewater has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Edgewater
- The Sales Tax Rate for Edgewater is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Edgewater 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 Edgewater
- The average income of a Edgewater resident is $34,273 a year. The US average is $28,555 a year.
- The Median household income of a Edgewater resident is $65,714 a year. The US average is $69,021 a year.