Wakeshma, MI is a small town located in southwest Michigan with a population of 2,000 people. It is known for its natural beauty and has many outdoor activities available to enjoy such as fishing, boating, and camping. The average rent for a two-bedroom apartment in Wakeshma is $950, which is lower than the national average of $1,430. The cost of groceries in Wakeshma is also lower than the national average at 94 versus 100. Major employers in Wakeshma include Dow Corning Corporation and Western Michigan University. Overall, Wakeshma offers an affordable cost of living for its residents while still providing access to city amenities nearby.
Wakeshma has an unemployment rate of 5.1%. The US average is 6.0%.
Wakeshma has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Wakeshma
- The Sales Tax Rate for Wakeshma is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wakeshma 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 Wakeshma
- The average income of a Wakeshma resident is $24,279 a year. The US average is $28,555 a year.
- The Median household income of a Wakeshma resident is $59,306 a year. The US average is $69,021 a year.