Wayland, IA is a small town located in the Midwest with an estimated population of 884 people. The cost of living is relatively low compared to other areas of the country. For example, the average 2 bedroom rent in Wayland is $750 whereas the average rent for 2 bedrooms in the United States is $1,430. Additionally, grocery costs are significantly lower compared to national averages with a Grocery Cost Index score of 93/100 in Wayland versus 100/100 in the US. There are several businesses within town such as AutoZone, Casey’s General Store and Subway which offer goods and services to locals at competitive prices. Overall, Wayland provides residents with an affordable and friendly atmosphere that continues to attract newcomers each day.
Wayland has an unemployment rate of 4.0%. The US average is 6.0%.
Wayland has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Wayland
- The Sales Tax Rate for Wayland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wayland is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wayland
- The average income of a Wayland resident is $23,277 a year. The US average is $28,555 a year.
- The Median household income of a Wayland resident is $66,146 a year. The US average is $69,021 a year.