Woodstock, MI is a small city located in Central Michigan that offers a unique blend of outdoor activities and local businesses. The cost of living in Woodstock is slightly lower than the national average – rent for a two-bedroom apartment is $940 compared to the US average of $1,430 and the Grocery Cost Index is 95 compared to 100 in the US.
The city has several local businesses such as Parkview Market, an independently owned grocery store, Woodstock Bakery & Cafe, a quaint cafe serving homemade soups and sandwiches, and John's Hardware which offers everything from paint to tools. There are also several attractions within the city that locals enjoy such as Stoney Creek Nature Preserve where you can find trails for hiking or biking and historic downtown with its many antique stores. Overall Woodstock is a great place to live with its low cost of living and variety of activities available.
Woodstock has an unemployment rate of 5.5%. The US average is 6.0%.
Woodstock has seen the job market decrease by -7.2% 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 Woodstock
- The Sales Tax Rate for Woodstock is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woodstock 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 Woodstock
- The average income of a Woodstock resident is $30,979 a year. The US average is $37,638 a year.
- The Median household income of a Woodstock resident is $65,380 a year. The US average is $69,021 a year.