Calhoun, IL is a small town located in Greene County. It is known for its rural countryside and friendly people. The cost of living in Calhoun is quite low, with the median 2-bedroom rent being just $680 a month compared to the national average of $1,430. Additionally, the Grocery Cost Index in Calhoun stands at 89 versus 100 in the US, making it an attractive option for those looking to save money.
The town of Calhoun has a few local companies that make it an ideal place to live for those who are looking for work opportunities. These include Calhoun Oil Company, which supplies fuel for many local farms; Wymberly Farms Inc., which grows and distributes vegetable and fruits products; and D & B Boats & Motors, which repairs boats and motors on Lake Springfield.
Due to its affordable housing market, low grocery costs, and job opportunities offered by local companies, many people are choosing to move to Calhoun to take advantage of these benefits. Its small-town community atmosphere makes it an ideal place for families or retirees looking for an enjoyable quality of life.
Calhoun has an unemployment rate of 4.6%. The US average is 6.0%.
Calhoun has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Calhoun
- The Sales Tax Rate for Calhoun is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Calhoun 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 Calhoun
- The average income of a Calhoun resident is $19,968 a year. The US average is $28,555 a year.
- The Median household income of a Calhoun resident is $48,393 a year. The US average is $69,021 a year.