Humboldt, IL is a small city located near the Quad Cities region of Illinois with an estimated population of around 1,000 people. The cost of rent for two bedroom apartments is $740 compared to the national average of $1,430, making it a great place for people on a budget. Grocery costs are also relatively low, as they have an index score of 92 compared to the US average of 100. Some popular businesses in Humboldt include Walmart, Buick GMC, and Kohl's Department Store.
Living in Humboldt provides its residents with easy access to amenities and entertainment that larger cities may not have. It also has a friendly community atmosphere which can be great for raising children or building relationships with neighbors. However, some drawbacks may include limited job opportunities due to the size of the city as well as limited access to public transportation options.
Humboldt has an unemployment rate of 5.6%. The US average is 6.0%.
Humboldt has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Humboldt
- The Sales Tax Rate for Humboldt is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Humboldt 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 Humboldt
- The average income of a Humboldt resident is $20,070 a year. The US average is $28,555 a year.
- The Median household income of a Humboldt resident is $41,944 a year. The US average is $69,021 a year.