Cornland, IL is a small town in central Illinois with an estimated population of about 10,000 people. It is known for its friendly community and vibrant local businesses. Renting a two-bedroom apartment in Cornland is $860 compared to $1,430 in the US, making it an affordable option for those looking to relocate or purchase property. Additionally, grocery costs in Cornland are lower than the national average; the Grocery Cost Index there is 90 compared to 100 in the US. Some of the local businesses include Millard's Auto Supply Store, The Parlor Café & Ice Creamery, and The Corner Bookshop. There are some key differences between Cornland IL and other areas throughout the United States such as rental prices and cost of living expenses.
Cornland has an unemployment rate of 5.2%. The US average is 6.0%.
Cornland has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Cornland
- The Sales Tax Rate for Cornland is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Cornland 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 Cornland
- The average income of a Cornland resident is $40,733 a year. The US average is $37,638 a year.
- The Median household income of a Cornland resident is $0 a year. The US average is $69,021 a year.