McKinley (Polk Cnty), WI is an area with a great cost of living. The average two-bedroom rent in the area is only $900, while the US average is $1,430. Additionally, the grocery cost index in McKinley (Polk Cnty), WI is 96 compared to 100 in the US. This makes McKinley (Polk Cnty), WI a very attractive place to live for those looking to save money on essentials. The local economy of McKinley (Polk Cnty), WI largely centers around agriculture and retail stores such as Walmart and Target. There are also several large factories that produce furniture, textiles, and auto parts that contribute significantly to the local economy. Finally, there are several small businesses located in McKinley (Polk Cnty), WI that offer variety of services such as restaurants, cafes, boutiques, and more which provide employment opportunities for residents and attract visitors from surrounding areas. All these companies contribute greatly to the overall economy of McKinley (Polk Cnty), WI.
McKinley town (Polk County) has an unemployment rate of 6.1%. The US average is 6.0%.
McKinley town (Polk County) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for McKinley town (Polk County)
- The Sales Tax Rate for McKinley town (Polk County) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for McKinley town (Polk County) 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 McKinley town (Polk County)
- The average income of a McKinley town (Polk County) resident is $28,135 a year. The US average is $37,638 a year.
- The Median household income of a McKinley town (Polk County) resident is $46,875 a year. The US average is $69,021 a year.