Energy, IL is an ideal city for those looking to pursue a life of low-cost living. With a two-bedroom rent rate of $890, which is significantly lower than the national average of $1,430, residents can enjoy substantial savings. Grocery costs are also lower in Energy, IL as the grocery cost index stands at 94 versus 100 nationally. \nResidents of Energy, IL have plenty to do and experience with local companies like Southern Illinois University Edwardsville, First Mid-Illinois Bank & Trust, and St. Louis Lambert International Airport all located nearby. The city also hosts countless farmers markets and music festivals that bring together diverse members of the community with different backgrounds and cultures.
Energy has an unemployment rate of 6.2%. The US average is 6.0%.
Energy has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Energy
- The Sales Tax Rate for Energy is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Energy 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 Energy
- The average income of a Energy resident is $23,013 a year. The US average is $28,555 a year.
- The Median household income of a Energy resident is $53,882 a year. The US average is $69,021 a year.