De Soto, IL is a small town located just outside of St. Louis. It is a great place to live because of its low cost of living. The median two bedroom rent in De Soto is only $970 compared to the US average of $1430. Similarly, groceries in De Soto are comparatively cheaper at a grocery cost index of 93 versus 100 in the US. There are also plenty of opportunities for employment with local companies like MidAmerica Supply chain Solutions and Evergreen Packaging Corporation providing reliable jobs to citizens. All these factors make De Soto an ideal place to live if you're looking for affordability and stability without having to leave the city life by much.
De Soto has an unemployment rate of 5.9%. The US average is 6.0%.
De Soto has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for De Soto
- The Sales Tax Rate for De Soto is 7.3%. The US average is 7.3%.
- The Income Tax Rate for De Soto 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 De Soto
- The average income of a De Soto resident is $21,075 a year. The US average is $28,555 a year.
- The Median household income of a De Soto resident is $47,976 a year. The US average is $69,021 a year.