Westphalia, MI is a small town located in central Michigan. The cost of living in Westphalia is notably lower than the US average; rent for a two bedroom apartment is about $850 per month, and the Grocery Cost Index (measuring the cost of groceries relative to other parts of the country) sits at 96 versus 100 in the US. This makes Westphalia an attractive place to live on a budget. Local companies include Central Michigan Wood Products, a family-owned business specializing in custom cabinet building, and Premier Contractors Inc., which provides general contracting services to businesses and homeowners in the area.
Westphalia has an unemployment rate of 4.3%. The US average is 6.0%.
Westphalia has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Westphalia
- The Sales Tax Rate for Westphalia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Westphalia 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 Westphalia
- The average income of a Westphalia resident is $26,165 a year. The US average is $28,555 a year.
- The Median household income of a Westphalia resident is $71,250 a year. The US average is $69,021 a year.