North Freedom, WI Economy


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North Freedom, WI is a small town with a population of 845 people. The town has a number of local businesses including grocery stores, banks, restaurants, and boutiques that offer residents convenient access to the essentials they need. Due to its small size, rent in North Freedom is significantly lower than the US average; a two bedroom apartment costs $970 compared to the national average of $1,430. Additionally, residents benefit from low grocery prices; the Grocery Cost Index in North Freedom is 94 versus 100 in the US. All in all, North Freedom offers its inhabitants an affordable lifestyle with plenty of local amenities.

North Freedom has an unemployment rate of 5.6%. The US average is 6.0%.

North Freedom has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.

Tax Rates for North Freedom
- The Sales Tax Rate for North Freedom is 5.5%. The US average is 7.3%.
- The Income Tax Rate for North Freedom 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 North Freedom
- The average income of a North Freedom resident is $19,457 a year. The US average is $28,555 a year.
- The Median household income of a North Freedom resident is $56,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Freedom, WisconsinUnited States
  5.66
  -7.8%-6.2%
  33.3%33.5%
  5.5%6.2%
  6.3%4.6%
  $28,541$37,638
  $56,250$69,021
  $64,583$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  9.7%6.8%
  18.6%10.0%
  3.7%2.5%
  17.0%11.0%
  9.7%4.8%
  2.1%0.8%
  0.0%1.9%
  1.6%4.7%
  0.0%1.9%
  1.3%7.6%
  0.0%0.1%
  1.3%4.2%
  3.9%9.3%
  13.6%14.0%
  3.1%2.1%
  3.9%7.0%
  3.4%4.8%
  6.5%4.7%
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