Chenoa, IL is a small town located in Livingston County with an estimated population of 1,600 people. It's known for its strong sense of community and its many local businesses like The Chenoa Creamery and Flying Pig Cafe & Bakery. In addition to having great local establishments, the cost of living in Chenoa is much lower than that of the United States as a whole. This can be seen in rental costs for two bedroom units which are $840 compared to the national average of $1,430 and grocery costs which have an index rating of 93 compared to 100 nationally. Living in Chenoa is an affordable way to enjoy the town's cozy atmosphere while still being able to partake in nearby cities' amenities.
Chenoa has an unemployment rate of 5.0%. The US average is 6.0%.
Chenoa has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Chenoa
- The Sales Tax Rate for Chenoa is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Chenoa 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 Chenoa
- The average income of a Chenoa resident is $27,000 a year. The US average is $37,638 a year.
- The Median household income of a Chenoa resident is $58,977 a year. The US average is $69,021 a year.