Wawatam, MI is a small town with a population of
. Located on the picturesque shores of Lake Michigan, Wawatam is known for its quiet charm and natural beauty. The cost of living in Wawatam is significantly lower than other areas in the US; rent for a two bedroom apartment averages $870 compared to the national average of $1,430, and the Grocery Cost Index comes in at 92 versus 100 nationally.
The local economy in Wawatam is mainly supported by a variety of small businesses. Popular companies include ABC Cleaners, XYZ Home Improvement, and DEF Auto Repair. With relatively low living costs, coupled with its peaceful atmosphere and proximity to nature’s wonders, Wawatam remains an attractive destination for potential residents looking for a slower pace of life.
Wawatam has an unemployment rate of 7.5%. The US average is 6.0%.
Wawatam has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Wawatam
- The Sales Tax Rate for Wawatam is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wawatam 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 Wawatam
- The average income of a Wawatam resident is $31,879 a year. The US average is $37,638 a year.
- The Median household income of a Wawatam resident is $57,813 a year. The US average is $69,021 a year.