Jewett, IL is a small town located in rural central Illinois. It has a population of under 500 people and is known for its friendly atmosphere and beautiful scenery. The two bedroom rent in Jewett is $760, which is much less than the US average of $1,430. Additionally, grocery costs are also lower than the national average with an index of 93 compared to 100 in the US. Local companies include Jewett Mechanical Contractors, Jewett Farm Supply, and Bliss Jewelers. All three companies have been serving the area for years and have become well-known staples in the community. Jewett residents enjoy being able to shop local while also taking advantage of lower living costs when compared to larger cities around the country.
Jewett has an unemployment rate of 5.0%. The US average is 6.0%.
Jewett 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 39.2%, which is higher than the US average of 33.5%.
Tax Rates for Jewett
- The Sales Tax Rate for Jewett is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Jewett 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 Jewett
- The average income of a Jewett resident is $14,715 a year. The US average is $28,555 a year.
- The Median household income of a Jewett resident is $47,188 a year. The US average is $69,021 a year.