Zip 53024 (Grafton, WI) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Grafton, Wisconsin (53024) is a vibrant community located just north of Milwaukee. It is known for its peaceful atmosphere and small-town feel while being close to big city amenities and attractions. Living in Grafton comes with a few perks such as lower rent costs than the US average, with two bedroom apartments costing an average of $1,140. Additionally, the grocery cost index in Grafton is 99 versus the US index of 100, making groceries more affordable than many other areas in the country.
For those who enjoy living near local businesses, Grafton is home to several popular companies like Bittersweet Farms & Greenhouse which offers flowers and gardening supplies; The Cheese Counter which provides delicious artisan cheese; Intergalactic Bead & Jewelry Supply that provides jewelry making materials; and Amity Leather Goods which creates high-quality leather products. Residents can also take advantage of several local amenities such as The Growing Dose which provides therapeutic yoga classes; Grafton High School which offers a variety of sports programs; Sentry Theater where one can catch a movie or live show; and Village Park with its playgrounds, hiking trails and picnic areas.

Grafton (zip 53024) has an unemployment rate of 3.8%. The US average is 6.0%.

Grafton (zip 53024) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.

Tax Rates for Grafton (zip 53024)
- The Sales Tax Rate for Grafton (zip 53024) is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Grafton (zip 53024) 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 Grafton (zip 53024)
- The average income of a Grafton (zip 53024) resident is $36,250 a year. The US average is $28,555 a year.
- The Median household income of a Grafton (zip 53024) resident is $82,798 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrafton, WisconsinUnited States
  3.86
  -4.5%-6.2%
  34.3%33.5%
  5.6%6.2%
  6.3%4.6%
  $45,373$37,638
  $82,798$69,021
  $102,351$85,028
  Population by Occupation
  0.2%1.2%
  2.3%0.5%
  3.1%6.8%
  18.4%10.0%
  4.0%2.5%
  11.0%11.0%
  1.1%4.8%
  0.3%0.8%
  1.3%1.9%
  6.7%4.7%
  1.6%1.9%
  6.8%7.6%
  0.1%0.1%
  4.0%4.2%
  10.9%9.3%
  16.0%14.0%
  1.5%2.1%
  4.2%7.0%
  4.1%4.8%
  2.6%4.7%
Health