Port Byron, Illinois is an idyllic small town located on the Rock River. With a population of around 2,000 people, the town has a cozy atmosphere and provides plenty of opportunities for outdoor activities. The rental costs for two-bedroom apartments in Port Byron are lower than in other regions of the United States; they average $1,030 compared to $1,430 elsewhere. Groceries are also cheaper in Port Byron, as the cost index is 99 versus 100 across all of America.
Port Byron is home to several local companies such as Rock River Logistics which offers logistics services for businesses throughout Illinois and Wisconsin, as well as Performance Diesel Inc., an automotive shop specializing in diesel repair since 2003. It also boasts several eateries such as Boondocks Bar & Grill and Spencer's Parkview Café where residents can enjoy quality food at reasonable prices. Altogether these businesses create an inviting environment in Port Byron and make it a great place to settle down.
Port Byron has an unemployment rate of 6.6%. The US average is 6.0%.
Port Byron has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Port Byron
- The Sales Tax Rate for Port Byron is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Port Byron 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 Port Byron
- The average income of a Port Byron resident is $42,654 a year. The US average is $37,638 a year.
- The Median household income of a Port Byron resident is $83,077 a year. The US average is $69,021 a year.