Braceville, IL is an attractive residential area located in Grundy County. It is known for its abundance of outdoor activities such as hiking, biking, fishing and camping. There are many local businesses in Braceville, including Simpson Construction Group Inc., The Lockdown Escape Room, and VFW Post 9086. The cost of living in Braceville is lower than the national average with 2 bedroom rents costing $1,220 compared to $1,430 nationally. Additionally, the grocery cost index in Braceville is 95 compared to 100 in the US. All these factors make Braceville an attractive place to live for those looking for an affordable cost of living in a beautiful rural area with plenty of attractions.
Braceville has an unemployment rate of 6.6%. The US average is 6.0%.
Braceville has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Braceville
- The Sales Tax Rate for Braceville is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Braceville 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 Braceville
- The average income of a Braceville resident is $29,874 a year. The US average is $37,638 a year.
- The Median household income of a Braceville resident is $79,375 a year. The US average is $69,021 a year.