Coal Valley, IL is a small town located in Rock Island County. It is known for its low cost of living, with the median 2 bedroom rent price being just $1,340 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Coal Valley is 98 versus 100 in the US. This makes it a great option for those looking to save money on their living expenses. For employment opportunities, companies such as Viking Electric and Northwest Quad Cities Chamber of Commerce are located within the town. Many residents also commute to nearby cities such as Moline and Rock Island for work opportunities.
Coal Valley has an unemployment rate of 6.6%. The US average is 6.0%.
Coal Valley has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Coal Valley
- The Sales Tax Rate for Coal Valley is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Coal Valley 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 Coal Valley
- The average income of a Coal Valley resident is $45,680 a year. The US average is $37,638 a year.
- The Median household income of a Coal Valley resident is $80,095 a year. The US average is $69,021 a year.