Wilmington Island, GA is a beautiful place to live with its coastal views and stunning sunsets. This area is known for its vibrant business community and thriving economy. Companies like Gulfstream Aerospace Corporation, Sea Island Bank, and Georgia Softworks are some of the largest employers in Wilmington Island. The cost of living in this area is slightly higher than the US average but still quite affordable. The median rent for a two-bedroom apartment in Wilmington Island is about $1,490 which is only slightly more than the national average of $1,430. Grocery costs are also more expensive here with an index score of 103 compared to 100 for the US. However, overall the cost of living here remains relatively low compared to other areas in Georgia.
Wilmington Island has an unemployment rate of 4.4%. The US average is 6.0%.
Wilmington Island 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 39.1%, which is higher than the US average of 33.5%.
Tax Rates for Wilmington Island
- The Sales Tax Rate for Wilmington Island is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wilmington Island is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wilmington Island
- The average income of a Wilmington Island resident is $38,051 a year. The US average is $28,555 a year.
- The Median household income of a Wilmington Island resident is $84,172 a year. The US average is $69,021 a year.