Woodland Beach, MI Economy


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Woodland Beach, MI is an attractive place to live for its affordability and convenience. The area offers a 2 bedroom rent of $1,020 which is significantly lower than the national standard of $1,430. There are also many amenities nearby such as grocery stores that have a cost index of 94 compared to the US average cost index of 100. Woodland Beach has an abundance of local businesses including grocery stores like Farmer’s Market and C&G Grocery, and restaurants such as Big Fish Bistro and Mike's Pizzeria. There are also great options for recreational activities including fishing, boating, and camping at Woodland Beach Park.

Woodland Beach has an unemployment rate of 5.6%. The US average is 6.0%.

Woodland Beach has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.

Tax Rates for Woodland Beach
- The Sales Tax Rate for Woodland Beach is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woodland Beach 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 Woodland Beach
- The average income of a Woodland Beach resident is $24,010 a year. The US average is $28,555 a year.
- The Median household income of a Woodland Beach resident is $62,967 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWoodland Beach, MichiganUnited States
  5.66
  -7.1%-6.2%
  25.6%33.5%
  6.0%6.2%
  4.3%4.6%
  $27,634$37,638
  $62,967$69,021
  $66,138$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  33.1%6.8%
  10.4%10.0%
  0.0%2.5%
  6.6%11.0%
  1.7%4.8%
  0.0%0.8%
  0.0%1.9%
  2.2%4.7%
  0.0%1.9%
  3.9%7.6%
  0.0%0.1%
  2.7%4.2%
  5.4%9.3%
  5.9%14.0%
  7.6%2.1%
  15.4%7.0%
  1.4%4.8%
  3.8%4.7%
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