Milton, WI (zip code 53563) is an area known for having an affordable cost of living with a median two-bedroom rent of $1,070. This is significantly lower than the US average two-bedroom rent of $1,430. This area also has a grocery cost index of 95 compared to the US 100, making it an appealing option for those looking to save money on expenses. Local companies such as WESTPHAL HOMES INC., KAMPS BUILDING SUPPLY INC., and JOHN E SCHOENHARDT FARMS LLC offer employment opportunities in this area allowing residents to take advantage of lower costs of living while earning a fair salary. With its cheaper rent and more affordable groceries, Milton is an attractive option for those looking for an affordable place to live near Wisconsin.
Milton (zip 53563) has an unemployment rate of 5.1%. The US average is 6.0%.
Milton (zip 53563) 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 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Milton (zip 53563)
- The Sales Tax Rate for Milton (zip 53563) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Milton (zip 53563) 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 Milton (zip 53563)
- The average income of a Milton (zip 53563) resident is $37,306 a year. The US average is $37,638 a year.
- The Median household income of a Milton (zip 53563) resident is $80,370 a year. The US average is $69,021 a year.