Wakefield township, MI is a great place to live with a variety of amenities available for residents. The rent for two bedroom homes in Wakefield township is much lower than the US average at $770 compared to $1,430. Additionally, grocery costs are also cheaper with the index being 92 versus 100 in the US. Some of the local companies in Wakefield township include Painesville Glass, Second Harvest Food Bank, and Top Care Lawn Care & Snow Removal who provide excellent services to the area. Outdoors there are a number of parks including Veterans Memorial Park and Lake Metroparks Farmpark which are both popular spots for outdoor recreation. Popular restaurants can be found all throughout Wakefield township as well such as The Bistro On Main and Mascara's Mexican Grill & Bar. All these amenities make living in Wakefield township an enjoyable experience.
Wakefield township has an unemployment rate of 5.6%. The US average is 6.0%.
Wakefield township has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 17.8%, which is lower than the US average of 33.5%.
Tax Rates for Wakefield township
- The Sales Tax Rate for Wakefield township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wakefield township 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 Wakefield township
- The average income of a Wakefield township resident is $22,117 a year. The US average is $28,555 a year.
- The Median household income of a Wakefield township resident is $66,250 a year. The US average is $69,021 a year.