Andover, IL is a small community located in Henry County along the Illinois River. This area offers a great variety of businesses, including Andover Auto Group, Andover Florist & Gifts, Big Jo's Produce Market and Andover Lumber Company. While rent for a two bedroom apartment in Andover is much lower than the national average at $840 per month, the cost of groceries can be higher with an index of 95 compared to 100 nationally. This difference could be due to the lack of competition in the local market or due to logistical issues associated with getting food from larger suppliers to rural areas like Andover.
Andover has an unemployment rate of 5.9%. The US average is 6.0%.
Andover has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Andover
- The Sales Tax Rate for Andover is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Andover 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 Andover
- The average income of a Andover resident is $27,292 a year. The US average is $28,555 a year.
- The Median household income of a Andover resident is $58,295 a year. The US average is $69,021 a year.