Durand, IL is a small town located in northwest Illinois and has a population of 2,914 people. The cost of living in Durand is relatively low. The average two bedroom rental costs $800 compared to the US average of $1,430. Groceries also have a lower cost index at 91 than the national average which is 100.
Companies that are based in Durand include Primco Inc., Durand Home Center & Pools, and Expressions Floral & Home Decorating Boutique. These local businesses provide various services to the residents of Durand such as home improvement supplies, pool installation services, and floral arrangements for special occasions.
Overall, Durand provides an affordable cost of living with plenty of local businesses to serve the town’s needs.
Durand has an unemployment rate of 8.1%. The US average is 6.0%.
Durand has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Durand
- The Sales Tax Rate for Durand is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Durand 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 Durand
- The average income of a Durand resident is $26,362 a year. The US average is $28,555 a year.
- The Median household income of a Durand resident is $54,643 a year. The US average is $69,021 a year.