Mercer, WI is a small town located in Iron County with a population of around 512 people. It is known for its quiet atmosphere and friendly people. The cost of living is quite low, with the average two bedroom rent being $840 per month, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index is the same in Mercer as it is nationwide at 100.
The town has several local companies including Mercer Hardware & Lumber Inc., Mercer Library Bookstore and Gifts, and Ed's Repair Service. Mercer also hosts an annual Chili Cook-off Festival in August each year, where teams compete for the best chili recipe while visitors enjoy live music. There are also a few different holiday festivals throughout the year as well as summer concerts in the park.
Mercer has an unemployment rate of 9.1%. The US average is 6.0%.
Mercer has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Mercer
- The Sales Tax Rate for Mercer is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Mercer 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 Mercer
- The average income of a Mercer resident is $25,731 a year. The US average is $28,555 a year.
- The Median household income of a Mercer resident is $56,050 a year. The US average is $69,021 a year.