Bishop Hill, IL is a small village located in Henry County with an estimated population of 115 people. It is a quiet and peaceful area that offers plenty of activities for its residents to enjoy. Local businesses include Sauerwein Pharmacy, Bishop Hill Creative Commons, Bishop Hill Bakery & Deli, and Bishop Hill Old Settlers Store. Residents can also take advantage of the affordable 2 bedroom rent which is around $830 compared to the US average which is $1,430. Additionally, groceries are also much cheaper in this area with a local grocery cost index of 92 versus 100 in the US. With its quaint atmosphere and plenty of amenities, Bishop Hill, IL is an ideal place for those looking for an inexpensive yet enjoyable place to live.
Bishop Hill has an unemployment rate of 5.9%. The US average is 6.0%.
Bishop Hill has seen the job market decrease by -7.9% 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 Bishop Hill
- The Sales Tax Rate for Bishop Hill is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Bishop Hill 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 Bishop Hill
- The average income of a Bishop Hill resident is $40,362 a year. The US average is $37,638 a year.
- The Median household income of a Bishop Hill resident is $0 a year. The US average is $69,021 a year.