Burnt Prairie, IL is a small rural town located in White County with a population of about 100 people. The cost of living is much lower than the national average due to its small size. Rent for two bedroom apartments averages around $700 per month, while the US average stands at $1,430. Similarly, the grocery cost index in Burnt Prairie is 89 versus 100 in the US.
The town is home to several small businesses such as Burnt Prairie Feed & Supply, which offers a variety of pet food and supplies; K's Kountry Korner, which sells gifts and crafts; and White County Equipment Co Inc., which provides agricultural equipment sales and services. All of these local companies offer competitive prices that contribute to the low cost of living in Burnt Prairie.
Burnt Prairie has an unemployment rate of 5.6%. The US average is 6.0%.
Burnt Prairie has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Burnt Prairie
- The Sales Tax Rate for Burnt Prairie is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Burnt Prairie 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 Burnt Prairie
- The average income of a Burnt Prairie resident is $25,407 a year. The US average is $28,555 a year.
- The Median household income of a Burnt Prairie resident is $95,000 a year. The US average is $69,021 a year.