Salary & Cost of Living in Beloit, WI
Beloit, WI: $51,236 median salary, cost of living index 82.4, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$51,236
$25/hr
Cost of Living
82.4
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3.5%
rate
Beloit, WI Overview
Population
36,804
Median Salary
$51,236
Average Salary
$57,384
Avg Commute
17 min
Median Home Price
$231,000
Median Rent
$942/mo
Job Growth
+2.1%
Sales Tax
5%
Beloit is located in Wisconsin with a population of 36,804. The median household salary is $51,236 per year ($25/hour), which is $8,148 below the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +2.1%.
Beloit Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Beloit, WI, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$39,994
$3,332.84/month · $1,538.24/biweekly · Effective Rate: 21.9%
Gross Pay
$51,236
Federal Tax
-$4,110
State Tax
-$3,212
Local Tax
$0
FICA
-$3,920
Net Pay
$39,994
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,269.67 | $51,236.00 |
| Federal Income Tax | -$342.48 | -$4,109.82 |
| Wisconsin State Tax (6.27%) | -$267.71 | -$3,212.50 |
| Social Security (6.2%) | -$264.72 | -$3,176.63 |
| Medicare (1.45%) | -$61.91 | -$742.92 |
| Net Take-Home Pay | $3,332.84 | $39,994.13 |
Salary Comparison: Beloit vs Other Cities
See how Beloit's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Beloit, WI | $51,236 | 82.4 | $62,180 |
| National Average | $59,384 | 100 | $59,384 |
| Rome, GA | $51,236 | 92.5 | $55,390 |
| University, FL | $51,232 | 93.6 | $54,735 |
| Plainfield, IL | $51,251 | 84.3 | $60,796 |
| Joplin, MO | $51,178 | 93.6 | $54,677 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Beloit
Beloit's cost of living index is 82.4 (national average = 100). Living in Beloit is 17.599999999999994% less expensive than the national average.
Median Home Price
$231,000
Median Monthly Rent
$942
Annual Rent Cost
$11,304
Your Salary's Purchasing Power
Your $39,994 annual take-home pay in Beloit has the purchasing power of approximately $48,537 in an average-cost US area. Your $51,236 salary stretches further here than in most US cities.
Top Industries in Beloit
Beloit's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $51,236.
Salary Tips for Beloit Workers
- Your salary goes further here. Beloit has a cost of living 17.599999999999994% below the national average. A salary of $51,236 here has the purchasing power of about $62,180 in an average-cost area.
- Maximize pre-tax deductions. With a 6.27% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Beloit's top industries include Manufacturing, Agriculture, Healthcare. Targeting roles in these sectors can help you earn above the $51,236 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Beloit, WI?
The median salary in Beloit, WI is $51,236 per year, or $25 per hour. The average salary is $57,384. This is $8,148 below the national median of $59,384.
What is the cost of living in Beloit, WI?
Beloit's cost of living index is 82.4 (national average = 100), meaning it is 17.599999999999994% less expensive compared to the national average. The median home price is $231,000 and the median monthly rent is $942.
What are the best industries in Beloit?
The top industries in Beloit, WI include Manufacturing, Agriculture, Healthcare. The city has a job growth rate of 2.1% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $51,236.
How does Beloit's salary compare to other cities?
Beloit's median salary of $51,236 is 13.7% below the national median of $59,384. However, when adjusted for cost of living (index: 82.4), the real purchasing power is approximately $62,180.
What is the minimum wage in Beloit, WI?
The minimum wage in Beloit, WI is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.