Flanagan, IL Economy


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equestId":"c927a3d1-9a1a-444b-80ee-649ca3459f4b","resource":"content","data":[{"id":"txt_34992e4df52f490591769cf129f3cbb8","text":", and describe the cost of living in comparison to the US\n \nFlanagan, IL is a small town located in Central Illinois. The city has many local businesses such as Flanagan Supply, Flanagan Pharmacy, and Flanagan Hardware & Lumber. It is an affordable place to live with rent for a two-bedroom apartment costing about $890 compared to the national average of $1,430. Additionally, the grocery cost index in Flanagan is 93 versus 100 in the US which further makes it an attractive option for those wanting to save money on their living expenses. All in all, Flanagan, IL is an affordable place to live with plenty of local businesses that are committed to providing goods and services at competitive prices.

Flanagan has an unemployment rate of 5.8%. The US average is 6.0%.

Flanagan has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.

Tax Rates for Flanagan
- The Sales Tax Rate for Flanagan is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Flanagan 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 Flanagan
- The average income of a Flanagan resident is $26,650 a year. The US average is $28,555 a year.
- The Median household income of a Flanagan resident is $68,958 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFlanagan, IllinoisUnited States
  5.86
  -7.1%-6.2%
  20.6%33.5%
  7.3%6.2%
  5.0%4.6%
  $45,279$37,638
  $68,958$69,021
  $85,250$85,028
  Population by Occupation
  18.2%1.2%
  2.9%0.5%
  3.3%6.8%
  8.9%10.0%
  0.5%2.5%
  10.3%11.0%
  1.0%4.8%
  1.2%0.8%
  0.0%1.9%
  6.2%4.7%
  0.7%1.9%
  2.6%7.6%
  0.0%0.1%
  1.7%4.2%
  10.8%9.3%
  18.7%14.0%
  2.9%2.1%
  2.9%7.0%
  4.1%4.8%
  3.3%4.7%
Health
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