Washburn, WI is a small city located in Bayfield County. It is known for its natural beauty with many lakes, rivers, and nearby forests. Major employers include Stora Enso North America, which produces wood products, and Diamond Power Specialty Company which manufactures boiler cleaning systems. Washburn has a strong housing market with an average rent of $850 for a two-bedroom apartment which is much lower than the national average of $1,430 per month. Grocery costs are also affordable in Washburn with an index score of 94 compared to 100 nationally. Overall Washburn is a great place to live for those looking for an affordable cost of living paired with beautiful natural surroundings to explore.
Washburn has an unemployment rate of 8.5%. The US average is 6.0%.
Washburn has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Washburn
- The Sales Tax Rate for Washburn is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Washburn 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 Washburn
- The average income of a Washburn resident is $23,833 a year. The US average is $28,555 a year.
- The Median household income of a Washburn resident is $52,946 a year. The US average is $69,021 a year.