The small city of 53589 Stoughton, WI is an excellent place for those looking for an affordable living arrangement. Rent for a two bedroom apartment in Stoughton is around $1,240 per month – nearly $200 cheaper than the national average of $1,430. Furthermore, groceries in Stoughton have an index score of 97 compared to the US’s score of 100.
Stoughton is home to several local businesses that provide services and goods unique to the area. The popular coffee shop and bakery Just Coffee Co-op offers hand crafted espresso drinks and homemade pastries. For furniture shopping, there’s Oakview Furniture with a wide selection of quality wooden furniture that can’t be found elsewhere. Local farmers like Hilldale Farmer's Market provide fresh produce from surrounding farms while other unique stores such as Black Earth Meats supply sustainably raised meats and sausage products. These local companies differ from their counterparts in larger cities because they specialize in providing products and services unique to Stoughton which helps foster a sense of community among its residents.
Stoughton (zip 53589) has an unemployment rate of 3.5%. The US average is 6.0%.
Stoughton (zip 53589) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 37.8%, which is higher than the US average of 33.5%.
Tax Rates for Stoughton (zip 53589)
- The Sales Tax Rate for Stoughton (zip 53589) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Stoughton (zip 53589) 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 Stoughton (zip 53589)
- The average income of a Stoughton (zip 53589) resident is $42,260 a year. The US average is $37,638 a year.
- The Median household income of a Stoughton (zip 53589) resident is $78,520 a year. The US average is $69,021 a year.