Lakewood, WI is a great place to live. The cost of living is significantly lower than the average in the US making Lakewood an attractive option for many people. The average two bedroom rent in Lakewood, WI is $890 while the US average for a two bedroom rental is $1,430. Grocery costs are also lower with a grocery cost index of 93 versus 100 across the US. This makes Lakewood a very affordable area to live in.
Lakewood has plenty of companies that offer competitive salaries and excellent career opportunities. Some well-known companies located in Lakewood include Johnsonville Sausage, Sargento Foods, Menasha Corporation, and Uline Inc. These businesses offer excellent job opportunities to both locals and newcomers alike.
Overall, living in Lakewood provides an excellent quality of life at an affordable rate. From its local industry to its low rental prices and grocery costs, it offers something for everyone. It’s no wonder why so many people choose to call Lakewood their home!
Lakewood has an unemployment rate of 5.4%. The US average is 6.0%.
Lakewood has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Lakewood
- The Sales Tax Rate for Lakewood is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lakewood 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 Lakewood
- The average income of a Lakewood resident is $26,560 a year. The US average is $28,555 a year.
- The Median household income of a Lakewood resident is $49,605 a year. The US average is $69,021 a year.