Bay City, WI is a vibrant city with plenty of economic opportunities. Many local businesses are based in Bay City, including the Bay City Technologies Corporation, which specializes in IT services, and the Bay City Auto Parts Company. The city also provides a variety of community activities, such as concerts at the local amphitheater and outdoor movie nights on the town square. The cost of living is relatively affordable when compared to the US average; for example, two-bedroom rent averages $1,250 compared to $1,430 nationally. Additionally, groceries in Bay City have an index of 98 versus 100 nationally. With its economic opportunities and affordability, it's no wonder why so many people choose to make their home in Bay City!
Bay City has an unemployment rate of 4.6%. The US average is 6.0%.
Bay City has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 38.2%, which is higher than the US average of 33.5%.
Tax Rates for Bay City
- The Sales Tax Rate for Bay City is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bay City is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bay City
- The average income of a Bay City resident is $19,682 a year. The US average is $28,555 a year.
- The Median household income of a Bay City resident is $49,250 a year. The US average is $69,021 a year.