Buncombe, IL is a charming small town located in the midwest of the United States. It has an affordable cost of living compared to other towns in its region, with 2 bedroom rent at $900, while the US 2 bedroom rent is $1,430. The Grocery Cost Index in Buncombe is 92 versus 100 in the US on average. Local companies in Buncombe include Joe's Grocery Store, providing fresh produce and ingredients for home cooked meals; Bob's Barbershop offering quality haircuts and more; and Cooper's Coffee Shop serving up delicious coffee drinks. In addition to having great local businesses, Buncombe also offers residents a low cost of living that makes it a great place to live and work.
Buncombe has an unemployment rate of 6.7%. The US average is 6.0%.
Buncombe has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Buncombe
- The Sales Tax Rate for Buncombe is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Buncombe 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 Buncombe
- The average income of a Buncombe resident is $17,326 a year. The US average is $28,555 a year.
- The Median household income of a Buncombe resident is $41,964 a year. The US average is $69,021 a year.