Summit town (Douglas County), WI Economy


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Summit (Douglas Cnty) is a small community located in Wisconsin. It is known for its scenic views and its wide variety of outdoor recreational activities. The cost of living in Summit (Douglas Cnty) is relatively low compared to the US overall, with two bedroom rents being around $1,040 compared to the national average of $1,430. Grocery costs are also lower than the national average at 96 versus 100 in the US. The area is home to popular companies such as Associated Bank, which was founded in 1961, and The Summit Credit Union which opened in 2002. Attractions include Lake Mills Park, which offers biking trails and picnic pavilions, as well as the Summit County Historical Society Museum where visitors can learn about the local history.

Summit town (Douglas County) has an unemployment rate of 5.6%. The US average is 6.0%.

Summit town (Douglas County) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.

Tax Rates for Summit town (Douglas County)
- The Sales Tax Rate for Summit town (Douglas County) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Summit town (Douglas County) 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 Summit town (Douglas County)
- The average income of a Summit town (Douglas County) resident is $34,360 a year. The US average is $37,638 a year.
- The Median household income of a Summit town (Douglas County) resident is $75,556 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySummit town (Douglas County), WisconsinUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
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    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
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    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health
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