Cullom, IL Economy


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Cullom, IL is a small village located in Livingston County. It is a great place for those looking to settle down and raise a family, as the cost of living is much lower than the national average. 2 Bedroom Rent in Cullom, IL is $840 compared to $1,430 in the US. Additionally, grocery prices are lower as well with a Grocery Cost Index of 92 compared to 100 nationally. The area has several local businesses such as Ace Hardware and Cullom State Bank, which provide locals with necessary services and goods. There are also other places like Tom's Attic Antiques that provide unique shopping experiences and specialty items.

Cullom has an unemployment rate of 5.8%. The US average is 6.0%.

Cullom has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.

Tax Rates for Cullom
- The Sales Tax Rate for Cullom is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Cullom 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 Cullom
- The average income of a Cullom resident is $19,647 a year. The US average is $28,555 a year.
- The Median household income of a Cullom resident is $52,273 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCullom, IllinoisUnited States
  5.86
  -7.1%-6.2%
  20.6%33.5%
  7.3%6.2%
  5.0%4.6%
  $28,969$37,638
  $52,273$69,021
  $58,958$85,028
  Population by Occupation
  6.0%1.2%
  0.4%0.5%
  2.4%6.8%
  13.7%10.0%
  4.0%2.5%
  12.9%11.0%
  8.0%4.8%
  0.0%0.8%
  0.8%1.9%
  2.0%4.7%
  0.0%1.9%
  1.6%7.6%
  0.0%0.1%
  1.2%4.2%
  13.7%9.3%
  15.3%14.0%
  0.0%2.1%
  5.6%7.0%
  6.0%4.8%
  6.4%4.7%
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