Havana, IL is a small town located in central Illinois with a population of 4,533. It is known for its historic downtown, quaint parks and friendly atmosphere. Local companies include Havana National Bank, The Spokehouse Cafe & Pub and Chief Latino Grocery Store. In terms of cost of living compared to the US, Havana’s rent prices are much lower; 2 bedroom rent in Havana is $730 compared to $1,430 across the US. Groceries also have a lower cost index at 91 versus 100 in the US overall. These lower costs make it an attractive place for those looking for a more affordable lifestyle.
Havana has an unemployment rate of 6.3%. The US average is 6.0%.
Havana has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Havana
- The Sales Tax Rate for Havana is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Havana 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 Havana
- The average income of a Havana resident is $21,844 a year. The US average is $28,555 a year.
- The Median household income of a Havana resident is $45,945 a year. The US average is $69,021 a year.