Lake Tomahawk, Wisconsin is a small town located in Oneida County. It has a variety of small businesses and amenities that make it an attractive place to live. The median rent for a two-bedroom apartment is $940, far lower than the national average of $1,430. The local grocery cost index in Lake Tomahawk is also significantly lower than the national average at 94 versus 100 in the US. Notable businesses in Lake Tomahawk include First Citizens Bank, Northwood's Grocery & Deli, and Coho Supper Club. Overall, Lake Tomahawk offers an attractive cost of living compared to other parts of the country.
Lake Tomahawk has an unemployment rate of 6.6%. The US average is 6.0%.
Lake Tomahawk 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 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Lake Tomahawk
- The Sales Tax Rate for Lake Tomahawk is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Tomahawk 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 Tomahawk
- The average income of a Lake Tomahawk resident is $34,555 a year. The US average is $37,638 a year.
- The Median household income of a Lake Tomahawk resident is $65,294 a year. The US average is $69,021 a year.