Cowden, IL is a town that offers its residents a low cost of living and a great quality of life. With rent for two bedroom homes estimated at $750 per month, Cowden is an ideal location for those wanting to save money on their housing expenses. In addition, groceries in Cowden are 8% cheaper than the average US city due to the Grocery Cost Index being 92 versus 100 in the US. Local companies include Carquest Auto Parts, Bair's Garage and The Hay Loft Café. There is also an abundance of small businesses throughout the town offering goods and services to its community.
Cowden has an unemployment rate of 4.8%. The US average is 6.0%.
Cowden has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Cowden
- The Sales Tax Rate for Cowden is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Cowden 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 Cowden
- The average income of a Cowden resident is $20,004 a year. The US average is $37,638 a year.
- The Median household income of a Cowden resident is $40,278 a year. The US average is $69,021 a year.