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.