Powers Lake, WI Economy


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equestId":"462ec5bf-d818-4c20-9130-1f9ac8911913","resource":"content","data":[{"id":"txt_f13fba8f8f1848939f3d89da63da758b","text":" and provide the cost of living information \nPowers Lake, WI is a charming small town that offers a great quality of life for its residents. It has a low cost of living with a 2 bedroom rent averaging just $1,250 compared to the US average of $1,430. The Grocery Cost Index here is also lower than the national average at 95 versus 100 in the US. \nThe town is home to many local businesses, including Powers Lake Pharmacy, Powers Lake Pizza & Subs, and Powers Lake Auto Body. All of these companies are dedicated to providing quality services and products to their customers while keeping prices reasonable. Additionally, the community offers plenty of outdoor recreation opportunities like fishing at Powers Lake or hiking in nearby North Park. With its relaxed atmosphere and affordable living expenses, Powers Lake is an ideal place for families or anyone looking for an escape from city life.

Powers Lake has an unemployment rate of 5.2%. The US average is 6.0%.

Powers Lake has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 34.1%, which is higher than the US average of 33.5%.

Tax Rates for Powers Lake
- The Sales Tax Rate for Powers Lake is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Powers Lake 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 Powers Lake
- The average income of a Powers Lake resident is $40,423 a year. The US average is $28,555 a year.
- The Median household income of a Powers Lake resident is $87,404 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPowers Lake, WisconsinUnited States
  5.26
  -4.6%-6.2%
  34.1%33.5%
  5.5%6.2%
  6.3%4.6%
  $41,861$37,638
  $87,404$69,021
  $85,385$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  7.4%6.8%
  17.9%10.0%
  1.5%2.5%
  9.9%11.0%
  5.1%4.8%
  0.0%0.8%
  0.0%1.9%
  3.3%4.7%
  2.8%1.9%
  1.9%7.6%
  0.5%0.1%
  1.5%4.2%
  25.8%9.3%
  7.9%14.0%
  0.0%2.1%
  4.2%7.0%
  6.9%4.8%
  2.7%4.7%
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