Wilmot, MI is a small town in Michigan located about 45 minutes from Lansing. It is a great place to live with an average two bedroom rent of just $ 860 - much lower than the national average. Wilmot also offers an affordable cost of living with its grocery cost index set at only 90 compared to 100 in the US overall. The town is home to several local businesses such as Wilmot Hardware and Co., Wilmot Clothing & Supply, and Wilmot Auto Parts. Wilmot also has many recreational activities for residents to enjoy such as hiking trails, fishing spots, and nearby lakes. With its low cost of living and abundance of recreational opportunities, Wilmot is a great place to call home.
Wilmot has an unemployment rate of 13.1%. The US average is 6.0%.
Wilmot has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Wilmot
- The Sales Tax Rate for Wilmot is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wilmot 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 Wilmot
- The average income of a Wilmot resident is $17,659 a year. The US average is $28,555 a year.
- The Median household income of a Wilmot resident is $36,842 a year. The US average is $69,021 a year.