Oquawka, IL is a small town located near the Iowa border in Henderson County. It is known for its quaint downtown shopping district, and it offers plenty of outdoor recreation opportunities throughout the year. The cost of living in Oquawka is relatively low compared to the rest of the country; for example, 2 bedroom rent in Oquawka is $760 while it averages at $1,430 nationally. Additionally, the Grocery Cost Index in Oquawka is 92% versus 100% across the US. There are several local businesses that make up the economy of Oquawka such as Plum Tree Inn & Suites, Helton's Automotive Repair, Main Street Market & Café and Fairplay Store. For entertainment there are several parks to enjoy such as Oldtown Park and Clat Adams Park where you can have a picnic or take a stroll on their trails. In addition, there is also an annual Oquawka Days Festival that takes place every summer with performances from local bands and vendors selling food and crafts.
Oquawka has an unemployment rate of 5.3%. The US average is 6.0%.
Oquawka has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 20.8%, which is lower than the US average of 33.5%.
Tax Rates for Oquawka
- The Sales Tax Rate for Oquawka is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Oquawka 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 Oquawka
- The average income of a Oquawka resident is $24,877 a year. The US average is $28,555 a year.
- The Median household income of a Oquawka resident is $48,750 a year. The US average is $69,021 a year.