Zip 53511 (Beloit, WI) Economy


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Beloit, WI (53511) is a bustling city located in south western Wisconsin near the Illinois border. It is home to a variety of local businesses, including Beloit Health Systems, WEC Energy Group, and Church & Dwight. Beloit offers renters an attractive option with affordable 2 bedroom rent at $1,030 compared to the US average of $1,430. Additionally, grocery costs are lower than the national index at 90 versus 100. All of these factors make Beloit an attractive option for those looking for a new home.

Beloit (zip 53511) has an unemployment rate of 6.2%. The US average is 6.0%.

Beloit (zip 53511) has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.

Tax Rates for Beloit (zip 53511)
- The Sales Tax Rate for Beloit (zip 53511) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Beloit (zip 53511) 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 Beloit (zip 53511)
- The average income of a Beloit (zip 53511) resident is $28,055 a year. The US average is $37,638 a year.
- The Median household income of a Beloit (zip 53511) resident is $57,325 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBeloit, WisconsinUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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