Farmington (Polk Cnty), Wisconsin is a rural town located in the northwest region of the state. It is known for its small-town charm and friendly atmosphere, which makes it an attractive place to live and work. The cost of living in Farmington (Polk Cnty) is relatively low compared to other places in the US, with 2 bedroom rent being $1,350 compared to $1430 nationally. Grocery costs also have a lower index at 99 compared to 100 nationally. This makes living in Farmington (Polk Cnty) more affordable than other places.
There are several local companies that help contribute to the local economy such as Farmington Manufacturing, Inc., UBuildIt Manufacturing LLC, and P&B Solutions LLC. These businesses provide jobs and services to the community while helping maintain a low cost of living for residents.
Overall, Farmington (Polk Cnty), Wisconsin provides a variety of benefits such as excellent local businesses, friendly atmosphere, and affordability that make it an attractive option for those looking for a comfortable place to live. The town’s low cost of living gives individuals more financial freedom and opportunities for growth in their lives.
Farmington town (Polk County) has an unemployment rate of 6.1%. The US average is 6.0%.
Farmington town (Polk County) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Farmington town (Polk County)
- The Sales Tax Rate for Farmington town (Polk County) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Farmington town (Polk County) 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 Farmington town (Polk County)
- The average income of a Farmington town (Polk County) resident is $43,926 a year. The US average is $37,638 a year.
- The Median household income of a Farmington town (Polk County) resident is $100,548 a year. The US average is $69,021 a year.