Arrowsmith, IL is a small town located in McLean County, Illinois. It's population is approximately 1,400 people and it has a median household income of around $46,000. Despite being a small community, Arrowsmith still offers plenty of amenities to residents, including restaurants, local businesses, grocery stores and other services. The rent for two bedroom apartments is just $1,130 per month making it an affordable place to live. Additionally, the Grocery Cost Index in Arrowsmith is 93 versus 100 in the US which means groceries are relatively less expensive compared to the rest of the nation. Popular local businesses include Burroughs Supermarket & Deli, Rosie’s Pizza & Italian Food as well as Wickman Livestock Auction Barn. Living costs in Arrowsmith are lower than average making it a great place to call home!
Arrowsmith has an unemployment rate of 5.0%. The US average is 6.0%.
Arrowsmith 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 Arrowsmith
- The Sales Tax Rate for Arrowsmith is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Arrowsmith 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 Arrowsmith
- The average income of a Arrowsmith resident is $15,367 a year. The US average is $28,555 a year.
- The Median household income of a Arrowsmith resident is $73,750 a year. The US average is $69,021 a year.