Cuba, IL is an excellent town to live in due to its cost of living. The 2 bedroom rent is significantly lower than the US average at only $800 while the grocery cost index is just 92 compared to the 100 of the US. There are several local businesses that residents in Cuba, IL can enjoy such as Coffee House on Main Street which serves amazing coffee and treats, Littletown Library which offers books for all ages, and Ellis & Sons Hardware Store for all your DIY needs. On weekends, people like to head to Havana Lake Park where they can take a walk in nature or visit Havana City Museum for some interesting insights on the city's history.
Cuba has an unemployment rate of 6.6%. The US average is 6.0%.
Cuba has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Cuba
- The Sales Tax Rate for Cuba is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Cuba 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 Cuba
- The average income of a Cuba resident is $26,431 a year. The US average is $37,638 a year.
- The Median household income of a Cuba resident is $33,750 a year. The US average is $69,021 a year.