54555 Phillips WI is a great place to live for those looking for a low cost of living. The median 2 bedroom rental is only $850 compared to the US average of $1430, making it an affordable option for many people. Additionally, the Grocery Cost Index in 54555 Phillips WI is 91 versus the 100 in the US, proving that this area has lower prices than other cities when it comes to groceries. The local economy is home to many businesses such as Dakota Outfitters, Jack's Butcher Shop, and Carlson Hardware Store. All three of these companies offer unique services and products to the community and contribute to its thriving local economy.
Phillips (zip 54555) has an unemployment rate of 5.2%. The US average is 6.0%.
Phillips (zip 54555) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Phillips (zip 54555)
- The Sales Tax Rate for Phillips (zip 54555) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Phillips (zip 54555) 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 Phillips (zip 54555)
- The average income of a Phillips (zip 54555) resident is $25,640 a year. The US average is $28,555 a year.
- The Median household income of a Phillips (zip 54555) resident is $53,149 a year. The US average is $69,021 a year.