Fulton, IL is a small town located in the northern region of Illinois. Featuring a population of just over 4,000 people, Fulton is an ideal place to call home for those seeking a slower pace with peaceful surroundings. The cost of living is relatively low compared to other cities and towns in the United States. Renting a two-bedroom apartment will typically cost around $800 per month; far lower than the U.S. average rent price of $1,430 for a similar size apartment. Fulton's Grocery Cost Index (93) is also lower than the US average (100) which helps keep costs down even further.
The local economy features many businesses such as Schmitt Woodland Hills Retirement Community, O'Neill's Marina Grocery & Boat Rental, and The Home Depot. There are also nearby attractions such as Riverside Park and White Pines Golf Course that contribute to Fulton's thriving tourism industry. Consequently, those who live in this small town enjoy a variety of activities and amenities without having to pay much money or travel too far away from home.
Fulton has an unemployment rate of 5.4%. The US average is 6.0%.
Fulton has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Fulton
- The Sales Tax Rate for Fulton is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Fulton 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 Fulton
- The average income of a Fulton resident is $26,344 a year. The US average is $28,555 a year.
- The Median household income of a Fulton resident is $52,632 a year. The US average is $69,021 a year.