Sigel, IL Economy


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United States / Illinois / No Metro Area / Shelby County / Sigel / Zip Codes
Sigel town, IL is located in central Illinois and is known for its agricultural roots. The town is home to several businesses such as Sigel Family Farms, Midwest Fertilizers, and Sunrise Grain. Two bedroom rent in the town is quite affordable at $770 per month compared to the national rate of $1430. Grocery costs are 94 versus 100 in the US making it very economical to live in Sigel town. All these factors combined make it a great place to settle down and find employment with affordable living costs.

Sigel has an unemployment rate of 4.8%. The US average is 6.0%.

Sigel has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.

Tax Rates for Sigel
- The Sales Tax Rate for Sigel is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Sigel 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 Sigel
- The average income of a Sigel resident is $19,766 a year. The US average is $28,555 a year.
- The Median household income of a Sigel resident is $80,833 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySigel, IllinoisUnited States
  4.86
  -6.4%-6.2%
  30.2%33.5%
  7.3%6.2%
  5.0%4.6%
  $27,566$37,638
  $80,833$69,021
  $90,625$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  10.2%6.8%
  26.7%10.0%
  1.6%2.5%
  15.0%11.0%
  2.1%4.8%
  0.0%0.8%
  2.1%1.9%
  3.7%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  4.3%4.2%
  7.0%9.3%
  10.7%14.0%
  0.5%2.1%
  9.6%7.0%
  5.3%4.8%
  1.1%4.7%
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