Alma, IL is a small city located in Illinois with an estimated population of 2,341. The two bedroom rental cost is significantly cheaper than the national average making it a great place for young couples looking to save money on rent. Local companies include Archway Marketing Services, B&B Electric Co., or JAL Enterprises. Alma is located at the north end of Great River Road Scenic Byway and close to several rivers and parks providing plenty of opportunities for outdoor activities such as fishing, boating, and camping. The local grocery cost index is also lower than the national average so food costs are reasonable in Alma.
Alma has an unemployment rate of 6.2%. The US average is 6.0%.
Alma has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Alma
- The Sales Tax Rate for Alma is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Alma 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 Alma
- The average income of a Alma resident is $15,458 a year. The US average is $28,555 a year.
- The Median household income of a Alma resident is $44,375 a year. The US average is $69,021 a year.