The county seat of Racine County, located on the shore of Lake Michigan, has around 77,450 residents and ranks as the fifth largest city in the state of Wisconsin. It’s in the southern part of the state, in the southern Greater Milwaukee Area.
The average age of Racine residents is around 33 for males, and around 35 for females. The size of an average household in this Wisconsin city is 2.54. Around 53% of people own a home, while around 47% of Racine residents are renting one. In 2017, Racine was voted the most affordable city to live in – not only in the U.S., but in the world.
Racine’s economy relies on a number of industries, such as heavy equipment or chemical products for cleaning. The headquarters of several large companies are located in Racine, such as J.I. Case, or S.C. Johnson & Son, Reliance Controls Corporation, Dremel Corporation, and others.
These companies are also among the top employers in Racine, WI. Others include All Saints Health Care System, Inc., CNH, Racine County, the City of Racine, Walmart, Emerson Electric Co, and Adecco USA Inc. The most important sectors for Racine’s job market are manufacturing, trade, transportation, and educational and health services. The unemployment rate is around 4.4%, which is slightly above the national average.
The overall cost of living in Racine, Wisconsin is below the U.S. average. The median price of an average home in this city is around $97,000, which is affordable compared to the prices in many other parts of the United States. An average resident of Racine earns around $30,400 per year, while the median income for a household is around $59,800.
If you are living in Racine and having trouble covering all your current costs with your salary, a fast personal loan may be the right solution.