Williamstown, MI is a quaint town known for its affordability and friendly community. The average 2 bedroom rent in Williamstown is $1,020 compared to the national average of $1,430, making it an attractive option for those looking for a more cost-effective living situation. Similarly, the grocery cost index is 97 versus 100 in the US, adding to its affordability. Local companies include Doe’s Bakery and Shepard’s Automotive. Tourists can enjoy visiting the Williamstown Historical Museum or go hiking at nearby Deer Hollow Trail.
Williamstown has an unemployment rate of 5.2%. The US average is 6.0%.
Williamstown 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 Williamstown
- The Sales Tax Rate for Williamstown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Williamstown 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 Williamstown
- The average income of a Williamstown resident is $46,579 a year. The US average is $28,555 a year.
- The Median household income of a Williamstown resident is $118,218 a year. The US average is $69,021 a year.