Wisconsin State is known for its diverse landscape, from stunning lakes to rolling hills. It is also home to a variety of businesses that offer goods and services throughout the state. Companies such as Kohls, Johnsonville Sausage, Mercury Marine, and Oscar Mayer are just some of the major employers in Wisconsin State. Living in Wisconsin State offers residents a relatively low cost of living compared to many other areas in the US. For instance, two-bedroom rent averages around $1,030 whereas the US average is $1,430; likewise grocery prices index at 95 compared to 100 on average across the US.
Wisconsin has an unemployment rate of 4.8%. The US average is 6.0%.
Wisconsin 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 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Wisconsin
- The Sales Tax Rate for Wisconsin is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Wisconsin 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 Wisconsin
- The average income of a Wisconsin resident is $27,907 a year. The US average is $28,555 a year.
- The Median household income of a Wisconsin resident is $67,080 a year. The US average is $69,021 a year.