Watson, MI is an ideal place to live for those seeking a more affordable lifestyle. The 2 bedroom rent in Watson is $990 compared to the US average of $1430, which makes housing much more accessible. Additionally, grocery costs are cheaper with the Watson Grocery Cost Index at 94 compared to 100 in the US. This small town also boasts local businesses such as D & M Variety Store and Watton Family Market, making it easy to find everything you need without having to leave town.
Watson has an unemployment rate of 5.1%. The US average is 6.0%.
Watson has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Watson
- The Sales Tax Rate for Watson is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Watson 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 Watson
- The average income of a Watson resident is $21,599 a year. The US average is $28,555 a year.
- The Median household income of a Watson resident is $72,000 a year. The US average is $69,021 a year.