Living in Wyoming, MI has many advantages. This small city is located near Grand Rapids, giving residents easy access to the amenities of a large city while also enjoying the tranquility of a rural area. Rent for two bedrooms is much lower than the national average at $1,140 per month. Grocery costs are also more affordable with an index of 94 compared to 100 nationwide. Additionally, Wyoming is home to several local companies such as Wolverine Worldwide, Spectrum Health System and Michigan State University Research Facility that provide job opportunities for residents. Whether you are looking for a place to raise a family or just enjoy the serenity of nature, Wyoming offers something for everyone.
Wyoming has an unemployment rate of 5.2%. The US average is 6.0%.
Wyoming has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Wyoming
- The Sales Tax Rate for Wyoming is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wyoming 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 Wyoming
- The average income of a Wyoming resident is $21,379 a year. The US average is $28,555 a year.
- The Median household income of a Wyoming resident is $61,128 a year. The US average is $69,021 a year.