Ferris, IL is a small town in southern Illinois that offers a peaceful atmosphere and a sense of security. The town has its own distinct charm with many local businesses such as Ferris Mini Mart, Brandy's Cafe & Bakery, Ferris Pharmacy, and Jack's Market. The cost of living in Ferris is quite low with the average 2 bedroom rent being $720 compared to the US average of $1,430. Grocery costs are also lower than the US with an index rate of 92 versus 100 in the US. In general, life in Ferris is much more affordable than other parts of the US making it an attractive option for those looking for a simpler life and lower cost lifestyle.
Ferris has an unemployment rate of 5.3%. The US average is 6.0%.
Ferris has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Ferris
- The Sales Tax Rate for Ferris is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Ferris 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 Ferris
- The average income of a Ferris resident is $21,027 a year. The US average is $28,555 a year.
- The Median household income of a Ferris resident is $47,500 a year. The US average is $69,021 a year.