Buda, IL is a small town in Illinois with a population of around 800. It features several local businesses such as Buda Family Grocery, Mitch's Automotive and Tecumseh Landscaping. The cost of living in Buda is relatively low compared with the US average. For example, rent for a two bedroom apartment is estimated to be $750 which is considerably lower than the average rent of $1,430 for a two bedroom across the US. In addition, Buda has a grocery cost index of 90 compared to 100 in the US, indicating that groceries are more affordable than other locations. This makes Buda a great place for individuals looking for an affordable lifestyle choice that also offers various amenities and recreational activities.
Buda has an unemployment rate of 6.3%. The US average is 6.0%.
Buda has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Buda
- The Sales Tax Rate for Buda is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Buda 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 Buda
- The average income of a Buda resident is $26,109 a year. The US average is $37,638 a year.
- The Median household income of a Buda resident is $44,722 a year. The US average is $69,021 a year.