Algoma, WI (54201) is a small city in Kewaunee County, Wisconsin. Located about 2 hours northeast of Green Bay, Algoma has a population of 3,167 people and is situated on the shores of Lake Michigan. The median two-bedroom rent in Algoma is $860 per month which is significantly lower than the US median rent of $1,430 per month. Grocery costs are also lower in Algoma with an index score of 91 versus the US average index score of 100.
Algoma has a variety of local businesses that serve its residents and visitors alike. These include restaurants such as Skyway Supper Club and Bayside Tavern as well as grocery stores like Udovich's IGA. The city also has several local shops including Kitschy Coo Boutique and Zippity Doo Dog Grooming & Boutique. Additionally, Algoma offers many recreational activities such as kayaking on Lake Michigan or horseback riding at Mountain View Stables.
Algoma (zip 54201) has an unemployment rate of 3.8%. The US average is 6.0%.
Algoma (zip 54201) has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Algoma (zip 54201)
- The Sales Tax Rate for Algoma (zip 54201) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Algoma (zip 54201) 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 Algoma (zip 54201)
- The average income of a Algoma (zip 54201) resident is $31,406 a year. The US average is $37,638 a year.
- The Median household income of a Algoma (zip 54201) resident is $67,857 a year. The US average is $69,021 a year.