Summit Lake, WI is a small community nestled in Oconto County. This rural town has an estimated population of 54485 people and is known for its small-town charm and vibrant culture. Local businesses in Summit Lake include Parkview Inn, Lakeside Bar & Grill, Beanies Bakery, and more. The average two bedroom rent in Summit Lake is $820 which is significantly lower than the US average of $1,430. The grocery cost index in Summit Lake is 95 which is slightly lower than the national average of 100. This makes Summit Lake an affordable place to live with a cost of living that compares favorably to larger cities and states across the US.
Summit Lake (zip 54485) has an unemployment rate of 6.2%. The US average is 6.0%.
Summit Lake (zip 54485) 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 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Summit Lake (zip 54485)
- The Sales Tax Rate for Summit Lake (zip 54485) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Summit Lake (zip 54485) 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 Summit Lake (zip 54485)
- The average income of a Summit Lake (zip 54485) resident is $24,337 a year. The US average is $28,555 a year.
- The Median household income of a Summit Lake (zip 54485) resident is $49,167 a year. The US average is $69,021 a year.