Libertyville, IA is a small town located in the Midwest of the United States. The cost of living in Libertyville is considerably lower than the national average, making it a great choice for those looking for affordable accommodations. Rent for two-bedroom apartments in Libertyville is just $800 whereas the same size apartment costs $1,430 nationally. Grocery prices are also much lower in Libertyville than the national average; with an index of 93 versus 100 nationally. It's not only a good place to live but also to work; there are many local businesses such as Martin’s Hardware Store, Jiffy Lube, and La Michoacana Bakery that provide employment opportunities to locals.
Libertyville has an unemployment rate of 4.3%. The US average is 6.0%.
Libertyville has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Libertyville
- The Sales Tax Rate for Libertyville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Libertyville is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Libertyville
- The average income of a Libertyville resident is $24,795 a year. The US average is $28,555 a year.
- The Median household income of a Libertyville resident is $65,156 a year. The US average is $69,021 a year.