Elizabethtown, IL is a small town with a population of about 8,000. It's known for its friendly atmosphere and close-knit community. The cost of living in Elizabethtown is generally lower than the national average. For example, 2 bedroom rent in this city is only $760 compared to the national average of $1,430. The Grocery Cost Index in Elizabethtown is also much lower than the US at 92 versus 100. There are several local companies that help keep the cost of living low such as The Corner Store and Jim's Grocery. Residents of Elizabethtown appreciate its low cost of living and enjoy its pleasant atmosphere.
Elizabethtown has an unemployment rate of 7.3%. The US average is 6.0%.
Elizabethtown has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 3.3%, which is lower than the US average of 33.5%.
Tax Rates for Elizabethtown
- The Sales Tax Rate for Elizabethtown is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Elizabethtown 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 Elizabethtown
- The average income of a Elizabethtown resident is $18,387 a year. The US average is $37,638 a year.
- The Median household income of a Elizabethtown resident is $13,438 a year. The US average is $69,021 a year.