Waterford charter township in Michigan is a great choice for anyone looking to settle down. It offers residents access to many great amenities at an affordable price. The average two bedroom rent is $1,270 compared to the US average of $1,430. Living in Waterford also means access to a range of grocery stores with prices lower than the US average, with a Grocery Cost Index of 95 versus 100 in the US.
The area boasts numerous local companies that provide employment opportunities for its residents, such as Lakeside Mall and Oakland Technology Park. There are also several attractions such as Waterford Oaks Waterpark and Red Oaks Nature Center. Shopping enthusiasts can explore local boutiques like Gallery 24 or Cherry Hill Village while nature lovers can take advantage of Pontiac Lake Recreation Area and Independence Oaks County Park. With all these features combined, Waterford Charter Township is the perfect place for people looking for a safe and affordable home.
Waterford charter has an unemployment rate of 3.5%. The US average is 6.0%.
Waterford charter has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Waterford charter
- The Sales Tax Rate for Waterford charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Waterford charter is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Waterford charter
- The average income of a Waterford charter resident is $38,471 a year. The US average is $37,638 a year.
- The Median household income of a Waterford charter resident is $67,064 a year. The US average is $69,021 a year.