Danforth, IL is a small town located in Northeast Illinois. It is known for its low cost of living and convenience to larger cities. The 2 Bedroom Rent in Danforth, IL is much lower than the US average at only $780, while the Grocery Cost Index is 94 versus the national average of 100. This makes it an ideal place for those looking to save money and live an affordable lifestyle.
The Danforth area features several local businesses such as Danforth Bakery, a family-owned bakery that has been in operation for over 70 years; B & B Grocery Store which provides fresh produce and other grocery items; and Larkins Auto Parts which offers automotive repair services.
Living in Danforth allows residents to enjoy an affordable lifestyle with access to all the essential amenities without having to break the bank. The low rent prices and grocery cost index make it easy on families' wallets while still providing quality products from local businesses.
Danforth has an unemployment rate of 5.6%. The US average is 6.0%.
Danforth has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Danforth
- The Sales Tax Rate for Danforth is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Danforth 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 Danforth
- The average income of a Danforth resident is $20,738 a year. The US average is $37,638 a year.
- The Median household income of a Danforth resident is $41,339 a year. The US average is $69,021 a year.