Farina, IL is a small town located in Fayette County in the United States. The town has a population of less than 1,000 people and is known for its affordable cost of living. One example of this is the average rent price for a 2 bedroom home in Farina which is just $690 compared to $1,430 nationally. Additionally, the Grocery Cost Index in Farina is 92 versus 100 in the US, making groceries even more affordable.
The town also offers plenty of local businesses to make it feel like home to its residents. Some popular local stores include Yoder’s Market Deli & Bakery, Roger’s Tavern Bar & Grill, and K&K Bait Shop. These places give people an opportunity to connect with their community while enjoying some locally grown food or night out with friends.
In comparison to other towns around the country Farina offers tremendous value for anyone looking for an affordable place to call home. With low costs on housing and groceries, combined with friendly locals at nearby businesses it's easy to see why so many people choose to live here.
Farina has an unemployment rate of 6.2%. The US average is 6.0%.
Farina has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Farina
- The Sales Tax Rate for Farina is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Farina 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 Farina
- The average income of a Farina resident is $23,474 a year. The US average is $37,638 a year.
- The Median household income of a Farina resident is $35,658 a year. The US average is $69,021 a year.