Wise, MI is an affordable place to live. The average rent for a two bedroom apartment in Wise is $830 per month, which is much lower than the US average of $1,430. This allows families to get more value for their money when renting. Additionally, grocery costs in Wise are also lower than in the rest of the country with a Grocery Cost Index of 91 compared to 100 in the US. As such, if you are looking for an affordable place to live with low costs of living, Wise could be a good option for you. In terms of local companies, there are many businesses operating within Wise such as Walmart Supercenter and Meijer Groceries & Pharmacy. Plus there are several banks like Firstbank Corporation and Huntington National Bank that offer banking services to residents in the area. All these factors make Wise a great place to call home!
Wise has an unemployment rate of 5.5%. The US average is 6.0%.
Wise has seen the job market decrease by -9.2% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Wise
- The Sales Tax Rate for Wise is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wise 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 Wise
- The average income of a Wise resident is $31,479 a year. The US average is $37,638 a year.
- The Median household income of a Wise resident is $53,636 a year. The US average is $69,021 a year.