Alvan, IL is a small town located in Mason County, Illinois with a population of around 500 people. The cost of living here is quite low compared to the US average, as evidenced by the 2 Bedroom rent that only costs $880 while it is $1,430 in the US. Additionally, the Grocery Cost Index for Alvan is 91 compared to 100 in the US. This makes Alvan an affordable place to live and offers residents a good quality of life.
The local economy is mainly driven by agriculture and there are several companies that operate in this sector such as Hillside Farm Supply and Alvan Farmers Co-op. There are also some other businesses such as Barber's Restaurant, which offers homestyle meals and local delicacies, and D&R Barber Studio which provides professional barber services at competitive prices. All these factors make Alvan an ideal place for those looking for an affordable yet high-quality lifestyle.
Alvin has an unemployment rate of 6.9%. The US average is 6.0%.
Alvin 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 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Alvin
- The Sales Tax Rate for Alvin is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Alvin 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 Alvin
- The average income of a Alvin resident is $19,428 a year. The US average is $28,555 a year.
- The Median household income of a Alvin resident is $65,673 a year. The US average is $69,021 a year.