Lake Geneva, WI is a vibrant and active community located in southeastern Wisconsin. With a stunning lake nearby, it’s a popular destination for tourists and locals alike. The town is served by numerous local companies such as Alpine Valley Ski Resort, Lake Geneva Cruise Lines, and Baker Street Market. The cost of living in Lake Geneva is below the US Average – with rent being $1,010 for a two-bedroom apartment compared to the US average of $1,430. Grocery costs are also lower here than most other parts of the country. In addition to its affordability, Lake Geneva has an attractive job market with many local employers in industries such as tourism, hospitality, retail, healthcare and manufacturing.
Lake Geneva has an unemployment rate of 4.7%. The US average is 6.0%.
Lake Geneva has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Lake Geneva
- The Sales Tax Rate for Lake Geneva is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Geneva 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 Geneva
- The average income of a Lake Geneva resident is $28,416 a year. The US average is $28,555 a year.
- The Median household income of a Lake Geneva resident is $59,162 a year. The US average is $69,021 a year.