Lenroot, WI is an ideal location for businesses looking to save on overhead costs. The 2 Bedroom rent in Lenroot, WI is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Lenroot is 99 compared to 100 in the US. These reduced costs could be beneficial for companies that are looking to expand or move their operations. Businesses such as food-related companies such as restaurants, grocery stores, and food suppliers would benefit from the lower cost of living in Lenroot. Other potential businesses that could take advantage of the cost savings could be retail stores, hospitality services or real estate firms. Investing in Lenroot could be highly profitable due to these lower operating costs.
Lenroot has an unemployment rate of 7.2%. The US average is 6.0%.
Lenroot has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Lenroot
- The Sales Tax Rate for Lenroot is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lenroot 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 Lenroot
- The average income of a Lenroot resident is $38,226 a year. The US average is $37,638 a year.
- The Median household income of a Lenroot resident is $68,354 a year. The US average is $69,021 a year.