Harvel, IL is a small town located in the Midwestern United States. It is a great place to live with a low cost of living. The average rent for a two-bedroom apartment in Harvel is $700 per month, which is significantly lower than the US average of $1,430. The grocery Cost Index in Harvel is 91 versus 100 in the US, making it an affordable option for groceries as well.
Harvel has many local businesses that contribute to its thriving economy. Some of these businesses include Harvel Grain Co., Johnson Cleaners, and Smith Plumbing & Heating Services. These companies provide services and products that are essential to the community as well as employment opportunities for residents.
Overall, Harvel, IL offers a low cost of living with plenty of local businesses to supply goods and services to the community. Residents can enjoy significant savings on rent and grocery costs compared with other areas in the US.
Harvel has an unemployment rate of 6.4%. The US average is 6.0%.
Harvel 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 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Harvel
- The Sales Tax Rate for Harvel is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Harvel 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 Harvel
- The average income of a Harvel resident is $22,941 a year. The US average is $28,555 a year.
- The Median household income of a Harvel resident is $39,688 a year. The US average is $69,021 a year.