Granville, IL is a small town in Putnam County with a population of approximately 1,600. The cost of living in Granville is lower than the US average, with the median two-bedroom rent at $790 compared to the US median of $1,430. Additionally, the grocery cost index is 94, versus 100 in the US.
Granville has many local businesses that provide jobs for its residents. Several companies include Dannon Dairy Company, Inc., Panasonic Automotive Systems of America, and United States Steel Corporation. Average salaries for these companies range from $25 per hour for production workers at Dannon Dairy to $50 per hour for product engineers at Panasonic Automotive Systems.
Granville has an unemployment rate of 6.2%. The US average is 6.0%.
Granville has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Granville
- The Sales Tax Rate for Granville is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Granville 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 Granville
- The average income of a Granville resident is $23,963 a year. The US average is $28,555 a year.
- The Median household income of a Granville resident is $61,731 a year. The US average is $69,021 a year.