Dakota, IL is a small town in Illinois with a population of around 10,000 people. The cost of living in Dakota is lower than the US average; 2 bedroom rent is $790 compared to the US average of $1,430. Food costs are also lower with the grocery cost index in Dakota at 91 compared to 100 for the US. Local businesses in Dakota include Megalomedia LLC, T & K Broadcasting, and Sedgwick Gas & Oil. All three companies offer services that help contribute to the economy of Dakota and provide employment opportunities for locals.
Dakota has an unemployment rate of 6.4%. The US average is 6.0%.
Dakota has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Dakota
- The Sales Tax Rate for Dakota is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Dakota 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 Dakota
- The average income of a Dakota resident is $19,546 a year. The US average is $28,555 a year.
- The Median household income of a Dakota resident is $61,696 a year. The US average is $69,021 a year.