Downs, IL is a small community located in McLean County. It is a great place to live with many amenities such as local businesses, parks, and recreational activities. The cost of living in Downs, IL is quite affordable compared to other areas. For example, the average two-bedroom rent in Downs is only $1,150 compared to an average of $1,430 in the United States. In addition to housing costs, groceries are also relatively cheaper; the Grocery Cost Index for Downs is 98 versus 100 in the US. Local businesses include Simms Automotive Inc., Down's Country Store & Bakery, Honeywood Estates Winery and Vineyard, and Showplace Cinemas East. With its reasonable cost of living and abundance of local businesses and services, Downs makes for an excellent place to call home.
Downs has an unemployment rate of 5.0%. The US average is 6.0%.
Downs has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Downs
- The Sales Tax Rate for Downs is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Downs 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 Downs
- The average income of a Downs resident is $30,509 a year. The US average is $28,555 a year.
- The Median household income of a Downs resident is $95,313 a year. The US average is $69,021 a year.