Goofy Ridge, IL is a small town located in the heartland of America. It is known for its friendly people, lush open spaces, and laid-back atmosphere. The economy is largely driven by agriculture, with local companies that provide food and services to the community. In terms of cost of living, Goofy Ridge is quite affordable. Rents in Goofy Ridge average about $680 for a two bedroom apartment; this is significantly lower than the national average of $1,430. Grocery costs are also lower than the national average with an index rating of 91 versus 100. For those looking for a quiet and cost-effective lifestyle in small-town America, Goofy Ridge could be a great place to call home.
Goofy Ridge has an unemployment rate of 6.3%. The US average is 6.0%.
Goofy Ridge has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Goofy Ridge
- The Sales Tax Rate for Goofy Ridge is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Goofy Ridge 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 Goofy Ridge
- The average income of a Goofy Ridge resident is $13,734 a year. The US average is $28,555 a year.
- The Median household income of a Goofy Ridge resident is $47,292 a year. The US average is $69,021 a year.