Wayland, MI is a great place to live for many reasons. With a 2 Bedroom rent rate of $1,130, it's affordable compared to the US rate of $1,430. Additionally, grocery costs are lower than the national average with an index score of 96 versus 100 in the US. These cost savings paired with the fact that Wayland is within commuting distance to larger cities make it a desirable place to call home. Companies that would benefit from having employees living in Wayland include healthcare organizations, financial firms, and tech companies. The local area is filled with businesses such as Spectrum Health Medical Group, Fifth Third Bank, and IBM Global Business Services which could all benefit from having employees living nearby.
Wayland has an unemployment rate of 5.1%. The US average is 6.0%.
Wayland 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 Wayland
- The Sales Tax Rate for Wayland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wayland 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 Wayland
- The average income of a Wayland resident is $19,008 a year. The US average is $28,555 a year.
- The Median household income of a Wayland resident is $56,845 a year. The US average is $69,021 a year.