Wellton, AZ is a great place to live with its affordable rent prices and low cost of living. The two bedroom rent average for Wellton is only $1,000 which is much lower than the US average, currently at $1,430. Additionally, the Grocery Cost Index in Wellton is 94 versus 100 in the US. This means that grocery costs are even more discounted than rental prices. Local businesses in Wellton include the Wellton Motor Inn, Wells Fargo Bank, Coldwell Banker Realty and many others. Taxes are also relatively low compared to other areas of Arizona, making it an attractive option for individuals and families looking to settle down in a comfortable environment with great amenities without breaking the bank.
Wellton has an unemployment rate of 11.3%. The US average is 6.0%.
Wellton has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Wellton
- The Sales Tax Rate for Wellton is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Wellton 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 Wellton
- The average income of a Wellton resident is $20,609 a year. The US average is $28,555 a year.
- The Median household income of a Wellton resident is $50,186 a year. The US average is $69,021 a year.