Economy in Milton, WI

Milton, WI is a small town located in Rock County. With a population of just under 7,000 people, Milton provides great opportunities for those looking to enjoy a slower pace of life. The average 2 bedroom rent in Milton is $1,060 which is significantly lower than the US average of $1,430. Grocery prices are also cheaper than what you'll find nationally with a Grocery Cost Index of 95 versus 100 in the US. There are several local companies that operate in Milton including Piggly Wiggly grocery store and The Rink, an ice skating rink offering year-round activities including public skating sessions and hockey leagues for all ages. With its more affordable cost of living compared to the national average, Milton makes for a great place to live.

Milton has an unemployment rate of 5.1%. The US average is 6.0%.

Milton has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.

Tax Rates for Milton
- The Sales Tax Rate for Milton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Milton 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 Milton
- The average income of a Milton resident is $25,649 a year. The US average is $28,555 a year.
- The Median household income of a Milton resident is $74,335 a year. The US average is $69,021 a year.