Cave-In-Rock, IL is a small town located in Hardin County, with a population of about 700 people. It is well known for the historic and picturesque Cave-In-Rock State Park which offers visitors a great view of the Ohio River. The cost of living is low in Cave-In-Rock as evidenced by the 2 Bedroom Rent being $700 as opposed to the US average of $1,430. Additionally, the Grocery Cost Index is 91 versus 100 in the US. There are several local companies scattered around Cave-In-Rock such as Bunn's Garage, Paul’s AMSOIL Synthetic Lubricants & Filtration Products, Campground Store & Deli, and Robert’s Garage Door Service LLC that provide employment opportunities for locals. With its low overall cost of living and ample job opportunities, Cave-In-Rock is an attractive place to live for people looking for a quiet yet affordable lifestyle.
Cave-In-Rock has an unemployment rate of 7.3%. The US average is 6.0%.
Cave-In-Rock has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 4.0%, which is lower than the US average of 33.5%.
Tax Rates for Cave-In-Rock
- The Sales Tax Rate for Cave-In-Rock is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Cave-In-Rock 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 Cave-In-Rock
- The average income of a Cave-In-Rock resident is $37,746 a year. The US average is $37,638 a year.
- The Median household income of a Cave-In-Rock resident is $25,500 a year. The US average is $69,021 a year.