Golconda, IL is a small city located in southern Illinois with a population of around 500. The cost of living in Golconda is relatively low compared to the national average. The average 2 bedroom rent in Golconda is $820 per month versus the US average of $1,430 per month. Additionally, the Grocery Cost Index in Golconda is 92 compared to 100 in the US. This makes it an attractive option for those looking for affordable living. Locally owned businesses are plentiful in Golconda such as JoAnn's Café & Grill, Follin's Discount Store, and Linnemann Real Estate Agency. With its low cost of living and variety local businesses, Golconda offers many advantages to individuals looking for an affordable place to live.
Golconda has an unemployment rate of 5.7%. The US average is 6.0%.
Golconda has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Golconda
- The Sales Tax Rate for Golconda is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Golconda 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 Golconda
- The average income of a Golconda resident is $15,564 a year. The US average is $28,555 a year.
- The Median household income of a Golconda resident is $33,083 a year. The US average is $69,021 a year.