Beason, IL is a great place to live with affordable rent costs for 2 bedroom homes at $860 compared to the $1,430 average throughout the United States. It has many local companies such as Wabash Valley Produce, Lakeview Farms Dairy Products, and Meals Plus Frozen Foods that provide economic growth for the city. The grocery cost index in Beason stands at 95 versus 100 in the US making it slightly cheaper than most other parts of the country. All these factors combined make Beason a great option when considering where to move with an overall lower cost of living than nationwide.
Beason has an unemployment rate of 5.2%. The US average is 6.0%.
Beason has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Beason
- The Sales Tax Rate for Beason is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Beason 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 Beason
- The average income of a Beason resident is $22,649 a year. The US average is $37,638 a year.
- The Median household income of a Beason resident is $47,717 a year. The US average is $69,021 a year.