Zip 54559 (Saxon, WI) Economy


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United States / Wisconsin / No Metro Area / Iron County / No City / Saxon (zip 54559)
54559 Saxon, WI is a great place to call home for those looking for affordable housing and access to local amenities. The average 2-Bedroom rent in the area is $830, which is significantly lower than the national average of $1,430. Grocery costs are also relatively low here, with an index score of 93 compared to 100 nationally. Located in the beautiful north woods of Wisconsin, this small town provides plenty of opportunities for outdoor recreation as well as easy access to nearby cities such as Ironwood and Hurley. Local businesses include Chequamegon Natural Foods Co-op, K&K Lifestyles clothing store & boutique, Northland Barbershop, and Country Auto Parts & Salvage. With all these attractions and amenities available at a reasonable cost it's no wonder why Saxon appeals to so many families and individuals looking for a peaceful place to settle down.

Saxon (zip 54559) has an unemployment rate of 9.1%. The US average is 6.0%.

Saxon (zip 54559) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.

Tax Rates for Saxon (zip 54559)
- The Sales Tax Rate for Saxon (zip 54559) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Saxon (zip 54559) 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 Saxon (zip 54559)
- The average income of a Saxon (zip 54559) resident is $17,709 a year. The US average is $28,555 a year.
- The Median household income of a Saxon (zip 54559) resident is $65,732 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySaxon, WisconsinUnited States
  9.16
  -5.0%-6.2%
  27.2%33.5%
  5.5%6.2%
  6.3%4.6%
  $30,768$37,638
  $65,732$69,021
  $66,982$85,028
  Population by Occupation
  4.7%1.2%
  0.0%0.5%
  10.1%6.8%
  12.4%10.0%
  1.6%2.5%
  6.2%11.0%
  4.5%4.8%
  1.9%0.8%
  1.2%1.9%
  0.8%4.7%
  0.8%1.9%
  2.1%7.6%
  0.0%0.1%
  1.6%4.2%
  3.7%9.3%
  14.0%14.0%
  6.0%2.1%
  8.1%7.0%
  0.6%4.8%
  20.0%4.7%
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