Grantfork, IL is a small village located in Madison County and home to about 980 people. The cost of living in Grantfork is quite reasonable compared to the US average with 2 bedroom rent at $890 versus $1,430 in the US, and a Grocery Cost Index of 97 versus 100.
Local companies include Rural King, a retail store selling products for farm and home use; L&D Stables for horse care services; and Grantfork Liquor Store. There is also an animal clinic, church, fire department, post office, and community park. A convenience store, gas station, two restaurants (Gavin's Pizza & Pub and Creekside Pub & Grille), bakery (Molly's Sweet Treats), farmer’s market and hardware store are all located in town. For outdoor recreation there are nearby lakes and trails for fishing or hiking.
Grantfork has an unemployment rate of 5.4%. The US average is 6.0%.
Grantfork has seen the job market increase by 2.0% 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 Grantfork
- The Sales Tax Rate for Grantfork is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Grantfork 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 Grantfork
- The average income of a Grantfork resident is $29,917 a year. The US average is $28,555 a year.
- The Median household income of a Grantfork resident is $93,750 a year. The US average is $69,021 a year.