Lake Sherwood, WI is a great place to live for anyone looking for an affordable small-town life. The two bedroom rent is significantly lower than the US average coming in at $840 compared to the national average of $1430. Additionally, the Grocery Cost Index is 92 versus 100 in the US, making it even more economical to live there. There are a variety of local businesses and attractions located in Lake Sherwood such as J&K Auto Repair, The Beach Club Restaurant & Bar, and Whitewater Park. There are also numerous outdoor activities available such as fishing, hiking, camping, and boating on Lake Sherwood.
Lake Sherwood has an unemployment rate of 8.3%. The US average is 6.0%.
Lake Sherwood 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 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Lake Sherwood
- The Sales Tax Rate for Lake Sherwood is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Sherwood 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 Lake Sherwood
- The average income of a Lake Sherwood resident is $40,790 a year. The US average is $28,555 a year.
- The Median household income of a Lake Sherwood resident is $80,938 a year. The US average is $69,021 a year.