Freeburg, IL is a great place to live with low cost of living. The average rent for a two bedroom apartment in Freeburg is $1,010 whereas the US average is $1,430. Additionally, the Grocery Cost Index in Freeburg is 96 versus 100 in the US. This means that groceries are even more affordable for residents of Freeburg.
The city has a thriving business community with local companies such as Stigall Motors established in 1978, Freeburg Veterinary Clinic founded in 1942, and Yoder’s Furniture Store which opened its doors in 1933.
Overall, Freeburg offers an affordable living option for those looking to move and settle down without breaking their budgets. The lower cost of housing and groceries makes it ideal for individuals or families on tight budgets who still want to enjoy life without having to sacrifice many necessities.
Freeburg has an unemployment rate of 6.7%. The US average is 6.0%.
Freeburg has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Freeburg
- The Sales Tax Rate for Freeburg is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Freeburg 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 Freeburg
- The average income of a Freeburg resident is $33,051 a year. The US average is $28,555 a year.
- The Median household income of a Freeburg resident is $65,188 a year. The US average is $69,021 a year.