Hanover, WI is a small town located in the state of Wisconsin. It has a population of about 4,200 people and is known for its low cost of living. The average two bedroom rent in Hanover is $1,240 which is significantly lower than the US average of $1,430. In addition to affordable housing costs, grocery costs are also lower in Hanover with its Grocery Cost Index at 92 compared to 100 in the US.
There are many local businesses and companies that make up Hanover’s economy such as Kuehn & Kuehn Construction, River Valley Tractor & Implement Co., J&H Auto Body & Repair Inc., and Doherty’s Truck & Trailer Repair LLC. These companies provide much needed jobs to the residents of Hanover and help support its small-town atmosphere.
Hanover has an unemployment rate of 5.1%. The US average is 6.0%.
Hanover has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Hanover
- The Sales Tax Rate for Hanover is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hanover 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 Hanover
- The average income of a Hanover resident is $20,525 a year. The US average is $28,555 a year.
- The Median household income of a Hanover resident is $75,179 a year. The US average is $69,021 a year.