Decatur, IL is a small city with a population of over 76,000 people and offers an affordable cost of living. The 2 Bedroom rent in Decatur is $890 which is 33% lower than the US average of $1,430. Along with the lower rent prices, it also has a lower Grocery Cost Index at 91 compared to the US average of 100. This makes Decatur a great place for those looking to save money on their monthly expenses.
The city offers many job opportunities at companies such as Tate & Lyle, Bridgestone Americas, Archer Daniels Midland Company (ADM), Dot Foods, Baumfolder Corporation, and more. Additionally Decatur has an excellent school system with three public high schools: Stephen Decatur High School, MacArthur High School, and Eisenhower High School. There are also numerous parks in the area that make it perfect for outdoor activities such as Kickapoo State Park and Lake Shelbyville. With its affordability and all these amenities Decatur makes a great home for anyone looking for an affordable place to live while still having access to many different job opportunities along with great recreational areas.
Decatur has an unemployment rate of 10.3%. The US average is 6.0%.
Decatur has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Decatur
- The Sales Tax Rate for Decatur is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Decatur 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 Decatur
- The average income of a Decatur resident is $22,788 a year. The US average is $28,555 a year.
- The Median household income of a Decatur resident is $45,111 a year. The US average is $69,021 a year.