Namakagon, WI Economy


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United States / Wisconsin / No Metro Area / Bayfield County / Namakagon / Zip Codes
Namakagon, WI is a popular town due to its low cost of living and high quality of life. The average 2 bedroom rent in Namakagon is $830, substantially lower than the US average of $1,430. Similarly, the Grocery Cost Index is 96 versus 100 for the US, meaning groceries are typically less expensive as well. As a result, many people looking for an affordable place to live have made the move to Namakagon.
The area has a wide variety of local businesses that help to make it a great place to call home. There are small restaurants such as Bob's Burgers and Nicky's Pizza where locals can enjoy a delicious meal. For entertainment, there are places like Cinema de Luxe where residents can catch the latest movies and video games. Other popular businesses include Namakagon Hardware Store and Namakagon Auto Supply for all your household needs. With so many great amenities and attractions, Namakagon makes it easy to understand why so many choose it as their home.

Namakagon has an unemployment rate of 8.5%. The US average is 6.0%.

Namakagon has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.

Tax Rates for Namakagon
- The Sales Tax Rate for Namakagon is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Namakagon 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 Namakagon
- The average income of a Namakagon resident is $37,084 a year. The US average is $28,555 a year.
- The Median household income of a Namakagon resident is $49,348 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNamakagon, WisconsinUnited States
  8.56
  -5.7%-6.2%
  31.9%33.5%
  5.5%6.2%
  6.3%4.6%
  $55,393$37,638
  $49,348$69,021
  $60,938$85,028
  Population by Occupation
  1.1%1.2%
  0.0%0.5%
  14.3%6.8%
  6.6%10.0%
  6.6%2.5%
  8.8%11.0%
  2.2%4.8%
  0.0%0.8%
  2.2%1.9%
  3.3%4.7%
  4.4%1.9%
  1.1%7.6%
  0.0%0.1%
  2.2%4.2%
  6.6%9.3%
  7.7%14.0%
  5.5%2.1%
  18.7%7.0%
  0.0%4.8%
  8.8%4.7%
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