Coalton, IL is a great city for those living on a budget. The average two bedroom rent in Coalton is just $700, which is much lower than the US average of $1,430. This makes it easy to find affordable housing in Coalton. Moreover, the grocery cost index in Coalton is 91 versus 100 in the US, indicating that groceries are also quite affordable in this city.
There are many local businesses and attractions to explore in Coalton as well. From The King's Court Music Venue to Family Pizzeria Restaurant, there are plenty of options for entertainment and dining out without breaking your budget. Other local business include Carpet Tech Cleaners and Pohanka Automotive Group where you can find top-notch deals on services such as car detailing and carpet cleaning.
All things considered, Coalton offers plenty of opportunities for those looking to save money while still enjoying the many amenities that come with small-town life. With its low rent prices and affordability index, this city is an excellent choice for anyone searching for an economical place to live.
Coalton has an unemployment rate of 6.4%. The US average is 6.0%.
Coalton has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Coalton
- The Sales Tax Rate for Coalton is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Coalton 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 Coalton
- The average income of a Coalton resident is $21,602 a year. The US average is $28,555 a year.
- The Median household income of a Coalton resident is $65,000 a year. The US average is $69,021 a year.