Wayne, MI is a small city located in Wayne County. It is conveniently located near Detroit, providing easy access to big city amenities. Despite its close proximity to Detroit, Wayne has a more affordable cost of living than other Michigan cities. The average rent for a two-bedroom apartment in Wayne is $990 per month--roughly $440 less than the national average. Groceries are also much cheaper in Wayne--the grocery cost index is 92 compared to 100 nationally. This makes it easier for local residents to get by on a budget.
In terms of businesses, there are many in Wayne that provide jobs and services for the community. Popular companies include Pepsi Bottling Group, Ford Motor Company Assembly Plant, Valassis Communications Inc., and Sysco Corporation Distribution Center. These companies have had a positive impact on the economy of Wayne and beyond.
Overall, with its low living costs and strong job market, Wayne is an attractive place to live and work in Michigan’s lower peninsula.
Wayne has an unemployment rate of 5.6%. The US average is 6.0%.
Wayne has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Wayne
- The Sales Tax Rate for Wayne is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wayne 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 Wayne
- The average income of a Wayne resident is $19,873 a year. The US average is $28,555 a year.
- The Median household income of a Wayne resident is $47,621 a year. The US average is $69,021 a year.