Racine, Wisconsin (53405) is a great place to live and work. Located near the southeastern shore of Lake Michigan, Racine offers a friendly community and beautiful natural surroundings. The two bedroom rent is an affordable $1,080 compared to the US average of $1,430. Grocery cost index in Racine is 97 versus 100 in the US on average, making food costs relatively low compared to other places.
There are many major companies in Racine such as SC Johnson & Son Inc., Sartori Cheese Company, Modine Manufacturing Company and more. These companies employ thousands of people in Racine creating jobs and economic growth for the city. Additional employers include Gateway Technical College and Aurora Health Care - both major contributors to the city’s economy. For more information about local businesses visit https://www.racinetoday.com/business-directory/.
Racine (zip 53405) has an unemployment rate of 7.7%. The US average is 6.0%.
Racine (zip 53405) has seen the job market decrease by 0.0% 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 53405)
- The Sales Tax Rate for Racine (zip 53405) is 5.1%. The US average is 7.3%.
- The Income Tax Rate for Racine (zip 53405) 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 53405)
- The average income of a Racine (zip 53405) resident is $28,875 a year. The US average is $37,638 a year.
- The Median household income of a Racine (zip 53405) resident is $57,289 a year. The US average is $69,021 a year.