Lena, IL is a small town with an estimated population of 1,814 people according to the 2010 census. It is known for its affordability and convenience with 2 bedroom rent costing roughly $790, which is significantly less than the national average at $1,430. Additionally, it has a Grocery Cost Index of 91 compared to the US index of 100. Therefore, groceries in Lena are much more affordable than other places in the US.
The local economy mainly consists of small businesses such as Robert’s Repair Shop and Wheeler & Sons Market. Robert's Repair Shop provides repairs on anything from cars to small engines and machines whereas Wheeler & Sons Market offers grocery items like fresh produce and organic foods. Other businesses around town include Whited Construction, Wiesner Insurance Agency, and Lena Veterinary Clinic.
Lena has an unemployment rate of 6.4%. The US average is 6.0%.
Lena has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Lena
- The Sales Tax Rate for Lena is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lena 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 Lena
- The average income of a Lena resident is $30,465 a year. The US average is $37,638 a year.
- The Median household income of a Lena resident is $60,179 a year. The US average is $69,021 a year.