Delavan, IL is a small city located in central Illinois with an estimated population of about 600 people. The two bedroom rent in Delavan is significantly lower than the national average at $810 compared to $1,430 in the US. Groceries also tend to be cheaper in Delavan; the cost index is 93 versus 100 in the US. This makes Delavan an affordable place to live for those looking for a peaceful community away from large cities.
The city of Delavan is home to many local businesses including The Greenhouse Café, Country Lights Realty and Auction Company, and Little Red School House Antiques, all of which are well known within the local community. The cost of living in Delavan is lower than other cities making it an attractive option for families or individuals looking for a more affordable lifestyle without sacrificing quality and convenience.
Delavan has an unemployment rate of 5.7%. The US average is 6.0%.
Delavan 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 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Delavan
- The Sales Tax Rate for Delavan is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Delavan 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 Delavan
- The average income of a Delavan resident is $26,346 a year. The US average is $37,638 a year.
- The Median household income of a Delavan resident is $55,833 a year. The US average is $69,021 a year.