Godfrey, IL is a small village located in the state of Illinois. It has a population of around 6,700 people and is renowned for its low cost of living. The 2 bedroom rent in Godfrey is around $1,010 on average compared to $1,430 for the US as a whole. Additionally, groceries are significantly cheaper in Godfrey compared to the US with an index of 95 versus 100.
There are plenty of local businesses that call Godfrey home including Riverside Tax Services, Godfrey Quality Cleaners, Niedermaier Auto Services, and Riverbend Kettle Corn & Treats. These businesses employ many local residents and help power the local economy.
Godfrey has an unemployment rate of 5.4%. The US average is 6.0%.
Godfrey has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Godfrey
- The Sales Tax Rate for Godfrey is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Godfrey 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 Godfrey
- The average income of a Godfrey resident is $42,288 a year. The US average is $37,638 a year.
- The Median household income of a Godfrey resident is $80,560 a year. The US average is $69,021 a year.