Rantoul, KS Economy


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Rantoul, KS is a small town located in the heart of Kansas. It has a population of just over 1000 people, making it an ideal location to enjoy a peaceful and quiet lifestyle. Rent for two bedroom apartments in Rantoul is significantly lower than the US average at $1,090 compared to $1,430. Additionally, grocery costs are lower with the local index score being 96 instead of 100 in the US.
Rantoul is home to several local businesses such as Stokes Hair Design, Adams Floral Boutique and Design, Quality Auto Care Inc., and Hartman Manufacturing Inc. These companies play an important role in the local economy by creating jobs and providing products and services to those living in Rantoul.

Rantoul has an unemployment rate of 3.8%. The US average is 6.0%.

Rantoul has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Rantoul
- The Sales Tax Rate for Rantoul is 9.6%. The US average is 7.3%.
- The Income Tax Rate for Rantoul is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Rantoul
- The average income of a Rantoul resident is $25,556 a year. The US average is $28,555 a year.
- The Median household income of a Rantoul resident is $55,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRantoul, KansasUnited States
  3.86
  -1.2%-6.2%
  29.9%33.5%
  8.0%6.2%
  5.7%4.6%
  $24,434$37,638
  $55,000$69,021
  $56,250$85,028
  Population by Occupation
  2.4%1.2%
  1.2%0.5%
  17.1%6.8%
  2.4%10.0%
  4.9%2.5%
  25.6%11.0%
  8.5%4.8%
  0.0%0.8%
  0.0%1.9%
  2.4%4.7%
  0.0%1.9%
  13.4%7.6%
  0.0%0.1%
  4.9%4.2%
  1.2%9.3%
  6.1%14.0%
  0.0%2.1%
  4.9%7.0%
  4.9%4.8%
  0.0%4.7%
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