Lanark, Wisconsin is a small town located about an hour from Milwaukee. It offers its residents a quiet atmosphere and reasonable cost of living. Two-bedroom apartments in Lanark rent for approximately $880 per month, while the US average is $1430 per month. Additionally, the grocery cost index in Lanark is 94 compared to the US average of 100, making it even more affordable to live here. Residents have access to plenty of services throughout town including medical services provided by Lanark Medical Center and banking services from Lanark Bank & Trust Co., as well as many other local businesses. Overall, the cost of living in Lanark is significantly lower than most cities around the country, making it an attractive place to raise a family or begin a career.
Lanark has an unemployment rate of 4.6%. The US average is 6.0%.
Lanark has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Lanark
- The Sales Tax Rate for Lanark is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lanark 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 Lanark
- The average income of a Lanark resident is $27,442 a year. The US average is $28,555 a year.
- The Median household income of a Lanark resident is $88,687 a year. The US average is $69,021 a year.