Davis Junction, IL is a small town located in Ogle County Illinois. It is known for its close proximity to Rockford and provides easy access to major cities like Chicago and Milwaukee. There are many local companies in Davis Junction, including the Howard Muffler Company and the Backyard Sheds LLC., as well as a variety of attractions such as the Lockwood Park Zoo, Meyer’s Farm Stand & Pick-Your-Own Apples, and the Davis Junction Flea Market. The cost of living in Davis Junction is relatively low with 2 bedroom rent at $1,120 compared to the US average of $1,430 and a grocery cost index of 92 versus 100 in the US.
Davis Junction has an unemployment rate of 6.3%. The US average is 6.0%.
Davis Junction 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 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Davis Junction
- The Sales Tax Rate for Davis Junction is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Davis Junction 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 Davis Junction
- The average income of a Davis Junction resident is $21,426 a year. The US average is $28,555 a year.
- The Median household income of a Davis Junction resident is $90,039 a year. The US average is $69,021 a year.