Carbon Hill, IL is a small city located in the state of Illinois with an estimated population of around 1,800 people. The cost-of-living index for Carbon Hill is relatively low compared to the national average, as 2 bedroom rent in the area is $1,260 compared to $1,430 in the US. Grocery costs are also lower than national average, with an index rating of 98 versus 100 in the US. Local companies in Carbon Hill include Carbon Hill Animal Clinic and Walmart Supercenter. The cost-of-living index makes it an attractive city for those looking for affordable housing options and local businesses provide plenty of shopping opportunities for its residents.
Carbon Hill has an unemployment rate of 6.6%. The US average is 6.0%.
Carbon Hill has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Carbon Hill
- The Sales Tax Rate for Carbon Hill is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Carbon Hill 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 Carbon Hill
- The average income of a Carbon Hill resident is $22,339 a year. The US average is $28,555 a year.
- The Median household income of a Carbon Hill resident is $83,750 a year. The US average is $69,021 a year.