Wheatfield, MI Economy


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Wheatfield, MI is a small and peaceful town located in the heart of Michigan. This area offers a relaxed lifestyle with plenty of local attractions such as the Wheatfield Park, which is a great spot for outdoor activities. The 2 bedroom rent in Wheatfield is significantly lower than the US average at $1,050 compared to $1,430. Additionally, the Grocery Cost Index here is 97 versus 100 in the US. Those looking to live in Wheatfield can find employment at local companies such as Sterling Construction and Zemba Bros Inc. There are also many great restaurants and eateries available nearby that serve delicious food from all around the world. Furthermore, there are excellent schools in the area that offer top-notch education programs for children of all ages. Overall, Wheatfield is an enjoyable place to live with plenty of stunning views, affordable rent prices and amazing amenities!

Wheatfield has an unemployment rate of 5.2%. The US average is 6.0%.

Wheatfield has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.

Tax Rates for Wheatfield
- The Sales Tax Rate for Wheatfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wheatfield 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 Wheatfield
- The average income of a Wheatfield resident is $43,778 a year. The US average is $28,555 a year.
- The Median household income of a Wheatfield resident is $101,164 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWheatfield, MichiganUnited States
  5.26
  -6.9%-6.2%
  34.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $43,062$37,638
  $101,164$69,021
  $118,542$85,028
  Population by Occupation
  1.2%1.2%
  0.0%0.5%
  6.4%6.8%
  11.2%10.0%
  0.7%2.5%
  5.0%11.0%
  2.8%4.8%
  1.1%0.8%
  1.6%1.9%
  4.8%4.7%
  0.7%1.9%
  10.6%7.6%
  0.0%0.1%
  1.2%4.2%
  13.2%9.3%
  7.9%14.0%
  0.7%2.1%
  6.6%7.0%
  4.7%4.8%
  19.7%4.7%
Health
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