Eldorado, IL is a small town located in the Southeastern part of Illinois. It boasts an array of local businesses such as the Eldorado Furniture Company, Zellner Insurance Agency, and Schuette's Number 1 Auto Parts Store. This community offers residents a unique shopping experience as well as an affordable cost of living. The average two-bedroom rent price is $680 which is much lower than the US average of $1,430 and the Grocery Cost Index in Eldorado is 91 compared to 100 in the US, making it one of the most affordable towns in Illinois. With its ample local businesses and low cost of living, Eldorado is an attractive option for those looking for a laid-back atmosphere with convenient amenities nearby.
Eldorado has an unemployment rate of 7.4%. The US average is 6.0%.
Eldorado has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 9.3%, which is lower than the US average of 33.5%.
Tax Rates for Eldorado
- The Sales Tax Rate for Eldorado is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Eldorado 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 Eldorado
- The average income of a Eldorado resident is $26,177 a year. The US average is $37,638 a year.
- The Median household income of a Eldorado resident is $33,734 a year. The US average is $69,021 a year.