Waldron, Michigan is a small town with a population of 492 people and is located in Hillsdale County. Known for its tight-knit community, Waldron offers a cost of living that is lower than the U.S. average. Local businesses include Waldron Family Grocery Store, Waldron Pharmacy & Supply Co., and Mroczek's Automotive Services. Renting a two bedroom apartment in this charming town costs $820 per month—significantly less than the US average of $1,430. The Grocery Cost Index in Waldron is 91 compared to the US index of 100. This indicates that groceries are quite affordable here as well. The local economy relies heavily on farming and manufacturing industries, and it benefits greatly from nearby universities such as Hillsdale College and Siena Heights University which provide jobs to many local residents.
Waldron (zip 49288) has an unemployment rate of 5.4%. The US average is 6.0%.
Waldron (zip 49288) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 27.1%, which is lower than the US average of 33.5%.
Tax Rates for Waldron (zip 49288)
- The Sales Tax Rate for Waldron (zip 49288) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Waldron (zip 49288) 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 Waldron (zip 49288)
- The average income of a Waldron (zip 49288) resident is $16,915 a year. The US average is $28,555 a year.
- The Median household income of a Waldron (zip 49288) resident is $58,162 a year. The US average is $69,021 a year.