Red Springs, WI is a small community with a population of around 2,000 people. The city offers its residents an affordable lifestyle with low rent and grocery costs. A two bedroom apartment in Red Springs will cost an average of $860 per month compared to the US average of $1,430. Additionally, groceries in Red Springs have a Grocery Cost Index of 90 compared to 100 in the US. There are several local businesses in Red Springs, such as Red Springs Hardware & Supply Co., Spring Creek Golf Course and Clubhouse, and Don's Bar & Grill. These businesses make up the core of the local economy and provide valuable services for residents and visitors alike.
Red Springs has an unemployment rate of 4.9%. The US average is 6.0%.
Red Springs has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Red Springs
- The Sales Tax Rate for Red Springs is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Red Springs 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 Red Springs
- The average income of a Red Springs resident is $19,042 a year. The US average is $28,555 a year.
- The Median household income of a Red Springs resident is $67,344 a year. The US average is $69,021 a year.