Richmond (St. Croix Cnty), WI is a small town located in the central-western part of the state with an array of local businesses to support its community. Major employers include food production companies like Real Flavors, Inc., along with fruit growing company Luckow Orchards and dairy processor Dietzler Farms. With a population of just over 1,000 people, Richmond offers residents comparatively lower costs than other areas for both rent and groceries. The two bedroom rent in Richmond is $1,240 per month versus the US average of $1,430 and a grocery cost index of 100 compared to the US average of 100 as well. Despite its smaller size, Richmond serves as home to many successful businesses and provides resources for its residents.
Richmond town (St. Croix County) has an unemployment rate of 4.5%. The US average is 6.0%.
Richmond town (St. Croix County) has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Richmond town (St. Croix County)
- The Sales Tax Rate for Richmond town (St. Croix County) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Richmond town (St. Croix County) is 6.3%. The US average is 4.6%.
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Income and Salaries for Richmond town (St. Croix County)
- The average income of a Richmond town (St. Croix County) resident is $34,458 a year. The US average is $37,638 a year.
- The Median household income of a Richmond town (St. Croix County) resident is $98,900 a year. The US average is $69,021 a year.