Janesville, Wisconsin is a city located in Rock County and is known for its quaint neighborhoods and small-town charm. Located about an hour away from Madison, Janesville provides a convenient place to live while still enjoying a slower pace of life. The cost of living in Janesville is slightly lower than the US average with monthly rent for two bedroom apartments costing $1,040 compared to $1,430 in the US. Additionally, grocery items are 7% cheaper when compared to the national index. Janesville’s economy is mainly based on manufacturing jobs such as those offered by local companies like Blain Supply Inc., Evansville Products Inc., and JCPenney Optical Centers. Janesville offers a great quality of life at an affordable price tag when compared to other cities in the United States.
Janesville has an unemployment rate of 4.9%. The US average is 6.0%.
Janesville 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 Janesville
- The Sales Tax Rate for Janesville is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Janesville 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 Janesville
- The average income of a Janesville resident is $25,181 a year. The US average is $28,555 a year.
- The Median household income of a Janesville resident is $63,259 a year. The US average is $69,021 a year.