Broadlands, IL is a city located near the Sangamon County in Illinois. It is known for its affordable housing options and excellent amenities. The average 2 bedroom rent in Broadlands is $1,010 while the US average is $1,430. This makes it an attractive option for those looking to save money on rent. There are many local companies that make up the city’s economy such as Broadland Insurance Company, Broadland Post Office and St. Andrew’s Church of God in Christ.
The Grocery Cost Index in Broadlands is 92 compared to 100 in the US which indicates that groceries are 8% cheaper than average in this area. This makes living in Broadlands an even more attractive option for those who want to save money on groceries as well as rent.
Broadlands has an unemployment rate of 5.0%. The US average is 6.0%.
Broadlands has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Broadlands
- The Sales Tax Rate for Broadlands is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Broadlands 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 Broadlands
- The average income of a Broadlands resident is $27,584 a year. The US average is $28,555 a year.
- The Median household income of a Broadlands resident is $73,750 a year. The US average is $69,021 a year.