Kinsman, IL is a small rural town located in the state of Illinois. With a population of approximately 643 people, it has a lower cost of living than the national average.Those looking to rent can find 2 bedroom apartments for $1,160 compared to the US average of $1,430. Grocery Cost Index in Kinsman is 93 compared to 100 in the US. There are several local businesses that serve Kinsman such as Country Corner Market, Kinsman Hardware & Lumber, and Kinsman Feed Supply Inc. The town offers a relaxed atmosphere with easy access to larger cities like Chicago for those who wish to venture out for more amenities.
Kinsman has an unemployment rate of 6.6%. The US average is 6.0%.
Kinsman has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Kinsman
- The Sales Tax Rate for Kinsman is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Kinsman 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 Kinsman
- The average income of a Kinsman resident is $39,286 a year. The US average is $37,638 a year.
- The Median household income of a Kinsman resident is $93,750 a year. The US average is $69,021 a year.