Chapin, IL is a small town in Central Illinois with a population of just under 3,000 people. This rural area boasts plenty of outdoor activities, including fishing, camping and hiking. The cost of living in Chapin is quite affordable compared to the US average. For instance, rent for a two bedroom apartment in Chapin is only $800 per month, while the US average for two bedroom rent is much higher at $1,430. Grocery costs are also lower than the national average by 8%. There are many local business in town such as Chapin Country Store, J Nails and Spa and Cottage Crafts & Gifts that provide goods and services at reasonable prices to locals who prefer to shop locally. All together, Chapin offers a peaceful atmosphere with low cost of living which makes it perfect for those looking to settle down in a rural area within a tight-knit community.
Chapin has an unemployment rate of 5.5%. The US average is 6.0%.
Chapin has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Chapin
- The Sales Tax Rate for Chapin is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Chapin 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 Chapin
- The average income of a Chapin resident is $25,557 a year. The US average is $28,555 a year.
- The Median household income of a Chapin resident is $61,350 a year. The US average is $69,021 a year.