The city of Tomahawk, WI (54487) is a great place to live for individuals looking for a more affordable way of life. The 2 bedroom apartment rent in Tomahawk is around $880, as compared to the US average of $1,430. Locals appreciate the savings offered by local companies such as Rentshop, River Valley Rentals, and Mid-State Property Management for their lower rental costs. Besides this, the grocery costs index in Tomahawk stands at 95 which is lower than 100 in the US making it an attractive destination for those looking to save money on groceries. All in all, Tomahawk offers a great cost of living index that makes it ideal for those looking to save money without compromising on their lifestyle.
Tomahawk (zip 54487) has an unemployment rate of 4.9%. The US average is 6.0%.
Tomahawk (zip 54487) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Tomahawk (zip 54487)
- The Sales Tax Rate for Tomahawk (zip 54487) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Tomahawk (zip 54487) 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 Tomahawk (zip 54487)
- The average income of a Tomahawk (zip 54487) resident is $26,142 a year. The US average is $28,555 a year.
- The Median household income of a Tomahawk (zip 54487) resident is $69,384 a year. The US average is $69,021 a year.