Wescott, WI Economy


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Wescott, WI is a small city located in the southeastern part of the state. It is home to many local businesses, such as The Wescott Bakery, Wescott Plumbing, and Wescott Auto Shop. People living in Wescott enjoy a lower cost of living compared to other parts of the country. The average two bedroom rent that is around $840 in this area is considerably lower than the US average of $1,430. Moreover, its Grocery Cost Index is 91 versus 100 in the US, making it an affordable city for groceries. All these factors make Wescott a great place for moving with a family or for people looking for an affordable cost of living.

Wescott has an unemployment rate of 4.9%. The US average is 6.0%.

Wescott 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 Wescott
- The Sales Tax Rate for Wescott is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wescott 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 Wescott
- The average income of a Wescott resident is $26,910 a year. The US average is $28,555 a year.
- The Median household income of a Wescott resident is $62,885 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWescott, WisconsinUnited States
  4.96
  -4.2%-6.2%
  33.9%33.5%
  5.5%6.2%
  6.3%4.6%
  $38,839$37,638
  $62,885$69,021
  $73,333$85,028
  Population by Occupation
  4.6%1.2%
  0.0%0.5%
  12.4%6.8%
  13.9%10.0%
  3.5%2.5%
  15.5%11.0%
  4.6%4.8%
  1.4%0.8%
  0.7%1.9%
  1.0%4.7%
  0.0%1.9%
  2.8%7.6%
  0.0%0.1%
  2.8%4.2%
  6.8%9.3%
  12.0%14.0%
  1.7%2.1%
  3.8%7.0%
  5.4%4.8%
  7.1%4.7%
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