East Alton, IL is a small town in Madison County. The cost of living in East Alton is quite low compared to the national average. For example, the rent for a two-bedroom apartment is just $860 per month. This is significantly less than the US average of $1,430. Similarly, the Grocery Cost Index in East Alton stands at 93 compared to 100 for the entire nation.
The town boasts several local companies including Hendrickson International, CFS Bank, and ILLINOIS FARMERS INSURANCE AGENCY INC. Hendrickson International manufactures vehicle suspension systems and components while CFS Bank provides banking and financial services to individuals and businesses across multiple counties in Illinois. Illinos Farmers Insurance Agency offers insurance plans for farm properties as well as home owners and renters throughout Madison County. All these businesses are proud members of the East Alton community and have been providing quality services to residents for years.
East Alton has an unemployment rate of 5.4%. The US average is 6.0%.
East Alton has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for East Alton
- The Sales Tax Rate for East Alton is 6.9%. The US average is 7.3%.
- The Income Tax Rate for East Alton 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 East Alton
- The average income of a East Alton resident is $25,742 a year. The US average is $28,555 a year.
- The Median household income of a East Alton resident is $47,089 a year. The US average is $69,021 a year.