Green Valley, IL is a small rural town located in the heart of the Midwest. The cost of living in Green Valley is relatively low compared to other parts of the country. Two bedroom rent in the area stands at $820 compared to the US average which is $1,430. Additionally, Green Valley’s Grocery Cost Index is 94 compared to the US average of 100. This makes it an affordable place to live for those on a budget.
The local economy is largely based on farming and production agriculture, with many companies involved in grain production, cattle raising, as well as fruit and vegetable growing. Popular companies include: George's Grain Farms, which specializes in corn and soybean production; Steve's Livestock Farm, which focuses on beef cattle production; and Green Valley Orchards, a family-run business that grows apples and peaches for national distribution. Additionally, there are several smaller businesses that specialize in manufacturing goods such as furniture and clothing in Green Valley.
Green Valley has an unemployment rate of 5.7%. The US average is 6.0%.
Green Valley has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Green Valley
- The Sales Tax Rate for Green Valley is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Green Valley 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 Green Valley
- The average income of a Green Valley resident is $22,020 a year. The US average is $28,555 a year.
- The Median household income of a Green Valley resident is $57,063 a year. The US average is $69,021 a year.