Wakefield, KS is a small city with a population of around 4,000 people. Living expenses in Wakefield are quite affordable compared to many other towns and cities. The average 2 bedroom rent in Wakefield is only $900 per month, which is significantly lower than the national average of $1,430. The grocery cost index in Wakefield is also below the US average at 95 versus 100.
Wakefield is home to several local companies that contribute to its economy such as Farm King Supply Inc., Central Valley Ag, Mid States Packaging Co., and Cloud County Health Center. Similarly sized cities like Bennington have higher living costs with an average 2 bedroom rent of $1,150 and a grocery cost index of 103. However, Wakefield offers an attractive balance between affordability and local businesses for its citizens.
Wakefield has an unemployment rate of 3.2%. The US average is 6.0%.
Wakefield has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 13.5%, which is lower than the US average of 33.5%.
Tax Rates for Wakefield
- The Sales Tax Rate for Wakefield is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Wakefield is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wakefield
- The average income of a Wakefield resident is $23,270 a year. The US average is $28,555 a year.
- The Median household income of a Wakefield resident is $58,750 a year. The US average is $69,021 a year.