Hampton, IL is a small town located in the northern region of the state. It is situated near the Mississippi River and has a population of just over 1,000 people. Despite its size, it offers an affordable cost of living as evidenced by 2 bedroom rent being only $1,030 compared to the US average of $1,430. Additionally, grocery costs index in Hampton is 96 while it's 100 in the US. \nSeveral local companies are based in Hampton including Brightwater Farms Inc., Unal Home Health Services LLC and Hampton Wrecker Service Inc. Brightwater Farms is a family owned farm that specializes in growing produce for retail and wholesale consumption. Unal Home Health Services provides high quality home health services such as physical therapy, nursing care and rehabilitation services. Lastly, Hampton Wrecker Service provides towing and recovery services for vehicles and heavy equipment throughout central Illinois.
Hampton has an unemployment rate of 6.6%. The US average is 6.0%.
Hampton has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Hampton
- The Sales Tax Rate for Hampton is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Hampton 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 Hampton
- The average income of a Hampton resident is $33,195 a year. The US average is $28,555 a year.
- The Median household income of a Hampton resident is $72,500 a year. The US average is $69,021 a year.