Thornton, Wisconsin is a small village located in Brown County. It is known for its rural atmosphere and proximity to Lake Michigan. The economy of Thornton relies heavily on agriculture, but there are also many small local businesses in the area that provide job opportunities and services to the community. Companies such as Thorntons Auto Parts, Thorson Dairy Supply, and Thorntons Flooring all contribute to the economy of the village.
When compared to national averages, Thornton has a significantly lower cost of rent for 2-bedroom apartments which is $840 versus $1,430 in the US. Similarly, their Grocery Cost Index is also much lower at 91 compared to 100 nationwide. These differences make Thornton an ideal location for those looking to cut costs while still enjoying a tranquil lifestyle close to nature.
Thornton has an unemployment rate of 4.9%. The US average is 6.0%.
Thornton 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 Thornton
- The Sales Tax Rate for Thornton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Thornton 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 Thornton
- The average income of a Thornton resident is $25,957 a year. The US average is $28,555 a year.
- The Median household income of a Thornton resident is $65,938 a year. The US average is $69,021 a year.