Taylorville, IL is a great place to live due to its lower cost of living compared to the US average. According to the content above, rent for a two bedroom apartment in Taylorville is $810 compared to the US average of $1,430. Additionally, grocery costs are 92 versus 100 in the US. These lower-than-average prices make Taylorville an attractive place to live for those on a budget. Furthermore, Taylorville boast a number of local businesses that add to its charm and appeal. Companies such as Taylorville Farm Supply, Sassafras Gift Shop, and Rountree's Garden Center offer residents an array of goods and services that are unique to this small town. In addition, these local businesses provide jobs for the community and opportunities for economic growth.
Taylorville has an unemployment rate of 6.3%. The US average is 6.0%.
Taylorville has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Taylorville
- The Sales Tax Rate for Taylorville is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Taylorville 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 Taylorville
- The average income of a Taylorville resident is $24,816 a year. The US average is $28,555 a year.
- The Median household income of a Taylorville resident is $43,197 a year. The US average is $69,021 a year.