Wales, MI is a small town located in the state of Michigan. It is a great place to live due to its proximity to larger cities such as Lansing and Detroit. The average 2 bedroom rent in Wales is $1,510 compared to the US average of $1,430. Additionally, the grocery cost index in Wales is 95 compared to 100 in the US. This makes Wales an affordable place to call home. Local businesses include the nearby Walmart Supercenter, McDonald's and Family Farm & Home store which offer groceries and supplies at competitive prices. All in all, Wales has an excellent cost of living making it an attractive place for those looking for affordability without compromising on quality services and products.
Wales has an unemployment rate of 4.5%. The US average is 6.0%.
Wales has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Wales
- The Sales Tax Rate for Wales is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wales is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wales
- The average income of a Wales resident is $24,472 a year. The US average is $28,555 a year.
- The Median household income of a Wales resident is $76,705 a year. The US average is $69,021 a year.