Waucedah, MI is a small town located in the Upper Peninsula of Michigan with an estimated population of 1,167 people. It is a great place to live if you are looking for affordable rent and cost of living. The average two bedroom rent in Waucedah is $830 which is much lower than the US average of $1,430. Grocery Cost Index in Waucedah is 93 versus 100 in the US which means groceries are 7% cheaper here than elsewhere across the states. \nWaucedah has a variety of local businesses including Waucedah Lumber Co., Great Lakes Building Supply, Waucedah Automotive, and J&L Repair & Maintenance. These businesses provide goods and services that help improve quality of life for those who live there. With its affordable rental costs and low grocery cost index, Waucedah has become an attractive option for many seeking to move out of larger cities.
Waucedah has an unemployment rate of 5.2%. The US average is 6.0%.
Waucedah has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Waucedah
- The Sales Tax Rate for Waucedah is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Waucedah 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 Waucedah
- The average income of a Waucedah resident is $28,997 a year. The US average is $28,555 a year.
- The Median household income of a Waucedah resident is $73,125 a year. The US average is $69,021 a year.