Camargo, IL is a small town in Illinois with a population of around 2,400 people. The cost of living in Camargo is relatively low compared to the US as a whole, with an average two-bedroom rental being $830 compared to the national average of $1,430. This makes it an attractive place to live for those on a budget who are looking for some peace and quiet away from larger cities. Additionally, groceries here typically cost 4% less than the national average; which can make quite a difference over time when you consider how quickly groceries add up.
The area has several notable companies like Carver Companies that specializes in Grain & Feed, Restoration Services Inc., which provides disaster restoration services, and Glandorf manufacturing company making heavy equipment for agricultural use. All of these provide job opportunities to local residents allowing them to enjoy lower rent and grocery costs while having access to career prospects.
Camargo has an unemployment rate of 3.9%. The US average is 6.0%.
Camargo has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Camargo
- The Sales Tax Rate for Camargo is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Camargo 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 Camargo
- The average income of a Camargo resident is $20,491 a year. The US average is $28,555 a year.
- The Median household income of a Camargo resident is $67,500 a year. The US average is $69,021 a year.