Wagon Wheel, AZ is a small town located in Arizona with a population of just over two thousand people. The cost of living in Wagon Wheel is relatively low compared to other areas, with an average two bedroom rent at $1,010, while the US average is $1,430. Additionally, the Grocery Cost Index in Wagon Wheel is 96 compared to one hundred for the US on average. There are a number of local businesses in Wagon Wheel that have helped the economy stay healthy such as Walmart and Dollar Tree. Prices tend to be lower than national averages due to competition from these stores. Overall, Wagon Wheel is a great place to live with its affordable housing and cost of living options.
Wagon Wheel has an unemployment rate of 8.7%. The US average is 6.0%.
Wagon Wheel has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Wagon Wheel
- The Sales Tax Rate for Wagon Wheel is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Wagon Wheel is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wagon Wheel
- The average income of a Wagon Wheel resident is $30,777 a year. The US average is $37,638 a year.
- The Median household income of a Wagon Wheel resident is $50,901 a year. The US average is $69,021 a year.