Amboy, IL is a small rural village located in Lee County. Despite its relatively small size, Amboy offers some great amenities such as low living costs and low grocery prices. The average rent for a two bedroom apartment in Amboy is $800 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index in Amboy is 93 versus 100 in the US. This makes it an affordable place to live for those seeking a rural lifestyle. Local companies include Prairie State Bank & Trust, First Mid-Illinois Bank & Trust, and Slosten Insurance Group, all of which are located right in downtown Amboy. With its low cost of living and variety of businesses, Amboy has become an attractive destination for those interested in living outside of large cities.
Amboy has an unemployment rate of 5.2%. The US average is 6.0%.
Amboy 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 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Amboy
- The Sales Tax Rate for Amboy is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Amboy 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 Amboy
- The average income of a Amboy resident is $21,984 a year. The US average is $28,555 a year.
- The Median household income of a Amboy resident is $66,082 a year. The US average is $69,021 a year.