Arcola, IL is a small town in Eastern Illinois with a population of less than 2000. It is known for its affordability and tight-knit community. Two bedroom rental prices average $850 per month, which is much cheaper compared to the US average of $1,430. The grocery cost index in Arcola is also lower than the national average at 93 versus 100 respectively. The rural town offers many different activities for its residents to enjoy, with a variety of local businesses such as JW's Corner Tavern & Grill, Nana's Kitchen Cafe, and TLC Stables West Horsemanship Center. Outdoor enthusiasts can find plenty of fun activities such as hiking at Kickapoo State Park or canoeing on Lake Shelbyville. Arcola also has an annual Sweetcorn Festival that celebrates the sweet corn grown in the area with live music, food stands, and carnival rides.
Arcola has an unemployment rate of 3.9%. The US average is 6.0%.
Arcola has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Arcola
- The Sales Tax Rate for Arcola is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Arcola is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Arcola
- The average income of a Arcola resident is $23,377 a year. The US average is $28,555 a year.
- The Median household income of a Arcola resident is $67,625 a year. The US average is $69,021 a year.