Hoopeston, IL is a small rural town located in East Central Illinois. It has a population of around 5,000 people and offers a low cost of living with the average two bedroom rent coming in at $800 compared to the US average of $1,430. The Grocery Cost Index in Hoopeston is 90 versus 100 in the US. There are several local businesses that contribute to the Hoopeston economy such as IGA Supermarket, Main Street Pizza & Pub, Walmart Supercenter, Country Financial Insurance Agency, Liberty Tax Service and H&R Block. These businesses offer goods and services that help keep the town running efficiently.
Hoopeston has an unemployment rate of 6.9%. The US average is 6.0%.
Hoopeston has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Hoopeston
- The Sales Tax Rate for Hoopeston is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Hoopeston 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 Hoopeston
- The average income of a Hoopeston resident is $21,615 a year. The US average is $37,638 a year.
- The Median household income of a Hoopeston resident is $43,330 a year. The US average is $69,021 a year.