Wayne, WV is a small city located in Wayne County. It is known for its affordable living costs such as rent and food expenses. The average cost of two bedroom rent in Wayne is $810 whereas the US average is $1,430. Additionally, the grocery cost index in Wayne is 97 compared to 100 in the US. This makes it an attractive place to live for those looking for an affordable lifestyle. With its low-cost of living, Wayne has lots of local companies that benefit from the influx of new residents each year. Some notable local businesses include John's Carpet Cleaning, Small Town Cafe and Bakery, and Fred's Auto Repair Shop.
Wayne has an unemployment rate of 6.2%. The US average is 6.0%.
Wayne has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Wayne
- The Sales Tax Rate for Wayne is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wayne is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wayne
- The average income of a Wayne resident is $13,202 a year. The US average is $28,555 a year.
- The Median household income of a Wayne resident is $22,105 a year. The US average is $69,021 a year.