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Chestnut, IL Economy
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United States
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Illinois
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Lincoln Metro Area
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Logan County
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Chestnut CDP, IL is a small town located in central Illinois. The population of Chestnut CDP is relatively low, but it offers its residents an enjoyable lifestyle at an affordable cost. The average two-bedroom rental rate in Chestnut CDP is $840 per month, which is much lower than the national average of $1,430. Additionally, the grocery cost index in Chestnut CDP is 92 compared to 100 nationwide. This indicates that groceries are substantially more affordable in Chestnut CDP than other parts of the country.
Some popular local businesses include T & J Auto Repair, Hometown Pizza & Pub, and Uncle Bill’s BBQ Shack. With its low prices for housing and food combined with convenient access to local businesses and services, Chestnut CDP has excellent value when it comes to cost of living.
Income by Population Percent
Economy
Chestnut, Illinois
United States
Unemployment Rate
5.2
6
Recent Job Growth
-7.0%
-6.2%
Future Job Growth
23.5%
33.5%
Sales Taxes
7.8%
6.2%
Income Tax
5.0%
4.6%
Income per Cap.
$26,223
$37,638
Household Income
69021
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