Franzen, WI is a small town in Wisconsin with a population of about 2,500 people. It is located near the Mississippi River and offers a peaceful rural setting. The cost of living in Franzen, WI is quite low compared to the US average. For example, rent for a two-bedroom apartment is only $840 per month versus $1,430 nationwide. Groceries are also significantly cheaper with an index rating of 92 compared to 100 for the US as a whole.
The economy in Franzen consists mainly of small businesses such as local restaurants, retail stores and service providers. Examples include Schraufnagel's Market which sells groceries and other household goods; Pohlmann Auto Body which provides car repair services; Goede's Appliance Store which sells all types of appliances; and Franzen Family Farm which produces dairy products and other agricultural items.
Overall, living in Franzen is quite affordable with lower housing costs and grocery prices than the US average. This makes it an attractive place to live for those who want to enjoy a slower pace of life without sacrificing modern amenities or breaking their budget.
Franzen has an unemployment rate of 3.8%. The US average is 6.0%.
Franzen has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Franzen
- The Sales Tax Rate for Franzen is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Franzen 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 Franzen
- The average income of a Franzen resident is $33,323 a year. The US average is $37,638 a year.
- The Median household income of a Franzen resident is $66,875 a year. The US average is $69,021 a year.