Wedgewood, MI is an attractive city for those looking for a more affordable cost of living. With average 2 bedroom rent coming in at $870 compared to the US average of $1,430, it's no wonder why people are flocking to Wedgewood. The Grocery Cost Index in Wedgewood is also significantly lower than the national average at 91 versus 100.Local companies in Wedgewood include Wedgewood Auto Service, Hiland Dairy Foods Company, and Stombaugh Café. Whether you're looking for auto services or food related business, Wedgewood has something to offer everyone.
Wedgewood has an unemployment rate of 6.2%. The US average is 6.0%.
Wedgewood has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Wedgewood
- The Sales Tax Rate for Wedgewood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wedgewood 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 Wedgewood
- The average income of a Wedgewood resident is $43,666 a year. The US average is $28,555 a year.
- The Median household income of a Wedgewood resident is $94,000 a year. The US average is $69,021 a year.