Zip 53541 (Gratiot, WI) Economy


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United States / Wisconsin / No Metro Area / Lafayette County / No City / Gratiot (zip 53541)
Gratiot, Wisconsin is a small town located in Lafayette County. The cost of living in Gratiot is lower than the national average, making it an attractive option for those looking to move to the area. The average 2 Bedroom rent in Gratiot is $820, significantly less than the US average of $1,430. Grocery costs also tend to be much cheaper than the US average at 92 on the index versus 100. Shopping for groceries can be done at local stores such as Prime Choice Market and Gratiot Grocery Store for affordable prices. In addition to grocery shopping, local companies also include La Haye Excavating and Jernberg Construction Inc. These are just two of many businesses that call Gratiot home and make this small town a great place to live or visit.

Gratiot (zip 53541) has an unemployment rate of 3.9%. The US average is 6.0%.

Gratiot (zip 53541) has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 45.4%, which is higher than the US average of 33.5%.

Tax Rates for Gratiot (zip 53541)
- The Sales Tax Rate for Gratiot (zip 53541) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Gratiot (zip 53541) 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 Gratiot (zip 53541)
- The average income of a Gratiot (zip 53541) resident is $28,961 a year. The US average is $28,555 a year.
- The Median household income of a Gratiot (zip 53541) resident is $68,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGratiot, WisconsinUnited States
  3.96
  -4.3%-6.2%
  45.4%33.5%
  5.5%6.2%
  6.3%4.6%
  $34,157$37,638
  $68,000$69,021
  $74,219$85,028
  Population by Occupation
  21.3%1.2%
  0.0%0.5%
  3.4%6.8%
  20.3%10.0%
  2.5%2.5%
  8.8%11.0%
  7.8%4.8%
  0.0%0.8%
  0.7%1.9%
  4.7%4.7%
  0.5%1.9%
  0.0%7.6%
  0.0%0.1%
  2.2%4.2%
  4.4%9.3%
  14.0%14.0%
  1.0%2.1%
  1.0%7.0%
  3.9%4.8%
  3.4%4.7%
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