Wexford, MI is a small town located in the southeastern region of Michigan. The population of Wexford is relatively small compared to other cities in the state. However, it has many local companies that provide jobs and services to its citizens. Notable local businesses include Wexford Bank, Wexford County Community Services and Wexford Supermarket. The cost of living in Wexford is quite affordable for both renting and groceries. The average rent for a two bedroom apartment is $860 while the national average stands at $1,430. Similarly, the grocery cost index in Wexford stands at 91 compared to 100 across the country which makes it more affordable than other places.
Wexford has an unemployment rate of 6.2%. The US average is 6.0%.
Wexford has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Wexford
- The Sales Tax Rate for Wexford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wexford 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 Wexford
- The average income of a Wexford resident is $22,442 a year. The US average is $37,638 a year.
- The Median household income of a Wexford resident is $52,083 a year. The US average is $69,021 a year.