Red Cedar, WI is a small city located in the Midwest region of the United States. It is a quaint residential community with a population of approximately 12,000 people. The cost of living in Red Cedar is relatively low compared to the rest of the country with 2 Bedroom rent being $1,210 compared to $1,430 nationally and grocery cost index being 96 versus 100 in the US. Local companies that contribute to Red Cedar’s economy are Big Joe's Auto Shop, Sunshine Bakery, Ted's Clothing Store and Green Acres Landscaping. These businesses help provide resources and services that benefit the citizens of Red Cedar and surrounding areas.
Red Cedar has an unemployment rate of 4.7%. The US average is 6.0%.
Red Cedar has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Red Cedar
- The Sales Tax Rate for Red Cedar is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Red Cedar 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 Cedar
- The average income of a Red Cedar resident is $31,608 a year. The US average is $28,555 a year.
- The Median household income of a Red Cedar resident is $88,750 a year. The US average is $69,021 a year.