Abingdon, IL is a small town about 15 miles south of Galesburg with a population of approximately 300 people. The cost of living in Abingdon is relatively low with the median 2 bedroom rent being $710 compared to the US median at $1,430. Additionally, the Grocery Cost Index in Abingdon is 90 as opposed to 100 in the US as whole.
There are several businesses located within Abingdon, including Brophy's Tavern, Lola Mae's Café & Catering, and Becky’s Country Store offering items related to food and entertainment. There are also other establishments such as Abingdon Veterinary Clinic for pet care services and American Family Insurance- Allred Agency LLC for insurance needs. Organizations located within Abingdon include the local Lions Club chapter and Rotary Club as well as various churches scattered throughout the town.
Abingdon has an unemployment rate of 7.5%. The US average is 6.0%.
Abingdon has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Abingdon
- The Sales Tax Rate for Abingdon is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Abingdon 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 Abingdon
- The average income of a Abingdon resident is $19,661 a year. The US average is $28,555 a year.
- The Median household income of a Abingdon resident is $44,042 a year. The US average is $69,021 a year.