Woodland, MI is a small town located in Michigan's Upper Peninsula. It is known for its friendly people and access to outdoor recreation activities like skiing, hiking, and fishing. It also boasts excellent schools, making it an ideal place to raise a family or retire. There are several local businesses operating in Woodland, such as Bob's Hardware Store, the Woodland Bakery & Cafe, and the Sunset Market Grocery Store. The cost of living in Woodland is relatively low compared to other areas of the state. 2 Bedroom rent is $790/month which is significantly lower than the US average of $1,430. The Grocery Cost Index is 93 versus 100 in the US making groceries generally more affordable in Woodland as well.
Woodland has an unemployment rate of 4.9%. The US average is 6.0%.
Woodland has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Woodland
- The Sales Tax Rate for Woodland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woodland 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 Woodland
- The average income of a Woodland resident is $29,539 a year. The US average is $28,555 a year.
- The Median household income of a Woodland resident is $50,238 a year. The US average is $69,021 a year.