The 53404 zip code of Racine, WI is a great place for people looking to save on rent and grocery costs. The median 2 bedroom rent in the area is only $960 compared to the national average of $1,430. Similarly, the Grocery Cost Index here is 92 versus a cost index of 100 in the US. This makes it an ideal location for individuals and families looking for value in their housing and food budget. Local companies such as Modine Manufacturing Company, Jockey International Inc., S.C Johnson & Son, Racine Unified School District, Gateway Technical College, Twin Disc Inc., and Wisconsin Electric Power Company are some of the businesses that provide job opportunities to residents in this area.
Racine (zip 53404) has an unemployment rate of 7.7%. The US average is 6.0%.
Racine (zip 53404) has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Racine (zip 53404)
- The Sales Tax Rate for Racine (zip 53404) is 5.1%. The US average is 7.3%.
- The Income Tax Rate for Racine (zip 53404) 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 Racine (zip 53404)
- The average income of a Racine (zip 53404) resident is $20,391 a year. The US average is $37,638 a year.
- The Median household income of a Racine (zip 53404) resident is $40,166 a year. The US average is $69,021 a year.