Chillicothe, IL is a small town offering a lot of charm and amenities. Located about 25 miles east of Peoria, IL, Chillicothe is a peaceful rural setting with low cost of living. The average 2 bedroom rent in Chillicothe is only $920 compared to the national average of $1,430. Additionally, the grocery cost index for Chillicothe is 94 versus the US at 100 making food more affordable than the national average.
Local businesses in Chillicothe include The Farm Bureau Insurance Agency, Dillow-Taylor Funeral Home & Cremation Services Inc., and Shear Shack Hair & Beauty Salon. In addition to these companies there are also some wineries near Chillicothe worth visiting such as Mackinaw Valley Vineyard which offers wine tastings and tours as well as local produce to purchase.
There are many amenities available in Chillicothe including several parks such as the Lake Lou Yaeger Recreation Area with its lake and walking trails; sports complexes; golf courses; an aquatic center; shopping centers; and many dining choices from fast food to fine restaurants.
Chillicothe has an unemployment rate of 8.2%. The US average is 6.0%.
Chillicothe has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 17.6%, which is lower than the US average of 33.5%.
Tax Rates for Chillicothe
- The Sales Tax Rate for Chillicothe is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Chillicothe 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 Chillicothe
- The average income of a Chillicothe resident is $24,991 a year. The US average is $28,555 a year.
- The Median household income of a Chillicothe resident is $54,297 a year. The US average is $69,021 a year.