Red Bud, IL is a small town in Illinois, located close to St. Louis and the Mississippi River. It has a cost of living that is lower than the US average, with 2 bedroom rent at $840 compared to the national average of $1,430. In addition, the Grocery Cost Index is 96 versus 100 in the US. Red Bud is an ideal location for those looking for affordable living options while still being close enough to larger cities for employment opportunities. Local companies in Red Bud include Docheff’s Appliance and Electronics Store, Red Bud Auto Parts & Repairs Shop, and The Red Bud Bakery and Cafe. All these businesses provide much needed jobs to the community as well as great products and services.
Red Bud has an unemployment rate of 4.4%. The US average is 6.0%.
Red Bud 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 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Red Bud
- The Sales Tax Rate for Red Bud is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Red Bud 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 Red Bud
- The average income of a Red Bud resident is $27,891 a year. The US average is $28,555 a year.
- The Median household income of a Red Bud resident is $61,310 a year. The US average is $69,021 a year.