Camden, IL is a small city in Illinois with a comfortable cost of living. The median rent for two-bedroom homes in Camden is $780, which is significantly lower than the $1,430 national average for two-bedroom rental properties. Moreover, the Grocery Cost Index in Camden stands at 94 versus 100 throughout the United States. This makes it an attractive option for those looking to cut costs while maintaining quality of life.
The city of Camden is home to several local businesses including The Country Market, Vallee's Medical Solutions, and Hopper Auto Parts Inc. These businesses provide goods and services to residents at competitive prices and great customer service. Shopping locally helps support the community and keeps money within its borders, benefiting everyone by providing more jobs and economic stability. Overall, Camden provides an affordable living with access to many necessary resources compared to other areas in the country making it an ideal place to call home.
Camden has an unemployment rate of 4.9%. The US average is 6.0%.
Camden has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Camden
- The Sales Tax Rate for Camden is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Camden 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 Camden
- The average income of a Camden resident is $20,275 a year. The US average is $37,638 a year.
- The Median household income of a Camden resident is $0 a year. The US average is $69,021 a year.