Nashville, IL is a small town in the heart of Illinois with a population of just over 1,000 residents. The cost of living is significantly lower than the US average due to affordable 2 bedroom rent at $840 and grocery prices that have an index score of 95 versus 100 in the US. Despite its size, Nashville offers numerous attractions and activities for visitors. Tourists can visit monuments such as the Union County Courthouse built in 1841 or take part in outdoor activities at one of the local parks such as Keithly Park or Memorial Park. Some well-known companies located close to Nashville are Uebinger's Furniture & Carpeting and Zeigler Caterpillar. There are plenty of restaurants, bars, and shops downtown to explore as well.
Nashville has an unemployment rate of 2.7%. The US average is 6.0%.
Nashville has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.
Tax Rates for Nashville
- The Sales Tax Rate for Nashville is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Nashville 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 Nashville
- The average income of a Nashville resident is $29,283 a year. The US average is $37,638 a year.
- The Median household income of a Nashville resident is $60,610 a year. The US average is $69,021 a year.