Caledonia, IL is a small town located in northern Illinois. It is home to many businesses such as Caledonia State Bank, Caledonia Veterinary Clinic, and the Caledonia Country Store. The cost of living in Caledonia is relatively low; for example, the rent for a 2 bedroom apartment is $1,390 which is slightly lower than the US average at $1,430. Additionally, the grocery cost index here is 96 compared to 100 in the US. This makes it an attractive place to live for those looking for a more affordable lifestyle.
Caledonia has an unemployment rate of 7.8%. The US average is 6.0%.
Caledonia has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Caledonia
- The Sales Tax Rate for Caledonia is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Caledonia 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 Caledonia
- The average income of a Caledonia resident is $24,076 a year. The US average is $28,555 a year.
- The Median household income of a Caledonia resident is $77,222 a year. The US average is $69,021 a year.