Brocton, IL is a small town located in the state of Illinois with a population of around 1,000 people. It's known for its friendly atmosphere and nearby attractions. The cost of housing is very reasonable in Brocton, with two bedroom rentals typically costing around $710 per month. This is significantly less than the average for the United States, which is $1,430 for a two bedroom rental. Grocery costs are also lower than the national average, with Brocton's grocery index being 90 versus 100 nationally.
Brocton has many local companies that serve its residents such as Brook Country Farms and Handy Hardware. Both businesses have been around for many years and provide quality goods and services to those living in Brocton and surrounding areas. There are also other small businesses located throughout Brocton such as cafes, bakeries and clothing stores that help keep the community vibrant.
Brocton has an unemployment rate of 4.5%. The US average is 6.0%.
Brocton has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Brocton
- The Sales Tax Rate for Brocton is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Brocton 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 Brocton
- The average income of a Brocton resident is $15,632 a year. The US average is $28,555 a year.
- The Median household income of a Brocton resident is $52,969 a year. The US average is $69,021 a year.