Weldon, MI is a quaint town located in the Midwest. With its low cost of living, it is the perfect place for families who value affordability. The average two-bedroom rent in Weldon, MI is $1,010 compared to an average of $1,430 in the United States. The grocery cost index in Weldon is also lower than the US average at 92 versus 100 respectively. Residents can enjoy a great variety of local businesses and attractions such as LJ's Furniture Store for home furnishings or take a relaxing walk on the nearby Cobblestone Pathway with scenic views of Lake Michigan.
Weldon has an unemployment rate of 6.9%. The US average is 6.0%.
Weldon has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Weldon
- The Sales Tax Rate for Weldon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Weldon 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 Weldon
- The average income of a Weldon resident is $27,818 a year. The US average is $37,638 a year.
- The Median household income of a Weldon resident is $44,205 a year. The US average is $69,021 a year.