Barry, IL is a small town located about 30 miles north of Springfield in Pike County. It has a population of just over 1,000 people and is known for its excellent school district and welcoming community. The cost of living in Barry is much lower than the US average, with 2 bedroom rent being $710 versus $1,430 nationally and grocery cost index being 91 compared to 100. There are several local companies that contribute to the economy including Barry Manufacturing Company which produces industrial machines, Haycraft Logging which harvests lumber from local forests and Love’s Farm Store which sells locally grown produce.
Barry has an unemployment rate of 4.8%. The US average is 6.0%.
Barry has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 13.7%, which is lower than the US average of 33.5%.
Tax Rates for Barry
- The Sales Tax Rate for Barry is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Barry 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 Barry
- The average income of a Barry resident is $22,732 a year. The US average is $37,638 a year.
- The Median household income of a Barry resident is $55,625 a year. The US average is $69,021 a year.