Anchor, IL is a small town located in Central Illinois. It is known for its low cost of living, with average rent for a two bedroom apartment only costing $1,020. This is significantly lower than the national average of $1,430. Additionally, the grocery cost index is also significantly lower than the US average, sitting at 92 compared to 100 across the country. Anchor is home to a variety of businesses such as Anchor Football Fishery Company, The Anchor Bakery and Cafe, and the Anchor Town Pharmacy. These businesses employ many locals and offer services that contribute to the wellbeing of this small town's residents.
Anchor has an unemployment rate of 5.0%. The US average is 6.0%.
Anchor has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Anchor
- The Sales Tax Rate for Anchor is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Anchor 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 Anchor
- The average income of a Anchor resident is $20,012 a year. The US average is $28,555 a year.
- The Median household income of a Anchor resident is $62,763 a year. The US average is $69,021 a year.