Grand Tower, IL is a small town located in the southern part of Illinois. It offers affordable rent for two bedroom apartments at only $790 per month compared to the US average of $1430. Grocery costs are also lower than the national average with a grocery cost index of 90 versus 100 in the US. Local companies and amenities in Grand Tower include Home Depot, Walmart, Applebees, and McDonald’s. Additionally, there are ample parks and recreational areas to spend time outdoors such as Grand Tower Park, Southwood Park, and Lakeridge Park. With its low cost of living and variety of businesses nearby, Grand Tower can be an ideal place to call home.
Grand Tower has an unemployment rate of 5.9%. The US average is 6.0%.
Grand Tower has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Grand Tower
- The Sales Tax Rate for Grand Tower is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Grand Tower 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 Grand Tower
- The average income of a Grand Tower resident is $17,323 a year. The US average is $28,555 a year.
- The Median household income of a Grand Tower resident is $51,750 a year. The US average is $69,021 a year.