Blue Mound, IL is a small village located in Macon County. The population of the town is 1,281 (according to the 2018 census). Residents enjoy a high quality of life due to low cost of living and plenty of local businesses. Two bedroom rent in Blue Mound is around $1,110, which is significantly lower than the nationwide average rent for two bedrooms which is $1,430. Similarly, grocery costs index in Blue Mound is 92 compared to 100 in the US. Local businesses include K & K Grocery Store, Dollar General Store, McTear's Cafe & Grill and High Point Bank. The median household income in 2018 was $59,000 and unemployment rate was 3%. Overall cost of living in Blue Mound is much lower than most other places and therefore it makes it an attractive place to live.
Blue Mound has an unemployment rate of 8.6%. The US average is 6.0%.
Blue Mound has seen the job market increase by 1.7% 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 Blue Mound
- The Sales Tax Rate for Blue Mound is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Blue Mound 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 Blue Mound
- The average income of a Blue Mound resident is $22,628 a year. The US average is $28,555 a year.
- The Median household income of a Blue Mound resident is $55,298 a year. The US average is $69,021 a year.