A town located in Wisconsin, Beloit has approximately 37,000 residents. At an average age of just over 36, the city's population skews decidedly younger than most cities in Wisconsin. The majority of Beloit residents own their homes, and 41% of residents rent. With a relatively low average rent of $762/month in the city, renting remains an affordable option, particularly compared to other cities in Wisconsin. Over the course of a year, renters in Beloit will save around $1,300 compared to the state average.
Beloit has an average commute time of about 24 minutes. Many residents (37%) commute to work by car or truck, while public transportation isn't used much. A small percentage of residents (2%) commute to work on foot, though the number is higher than the national average.
Compared to the national average, Beloit has a relatively high percentage of residents older than 25 who have earned a high school degree or GED (23%). Furthermore, 10% possess a Bachelor's, Master's, Professional, or Doctoral degree. There are two primary industries in Beloit: manufacturing and retail. Together, these industries account for 19% of the workforce in the city. Meanwhile, in terms of job function, 9% of residents work in transportation, making it the top field in the city. With an average annual income of about $50K, Beloit workers take home around $18,000 less than their peers elsewhere in Wisconsin. Beloit's average income also trails the national average of $73,345.
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