Lacon, IL is a small town located in the midwest. It is an old, quaint community known for its friendly residents and rural atmosphere. It is home to several local companies such as Lacon Manufacturing, Lacon Cattle Company, and Barger Electric. The cost of living in Lacon is affordable compared to the US average. The average rent for two bedrooms is $840 per month, which is roughly 40% lower than the national average of $1,430 per month. Additionally, the grocery cost index is 93 versus 100 in the US, making it 7% cheaper than most other areas of the country. All in all, Lacon offers an excellent quality of life at a reasonable cost.
Lacon has an unemployment rate of 6.9%. The US average is 6.0%.
Lacon has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Lacon
- The Sales Tax Rate for Lacon is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lacon 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 Lacon
- The average income of a Lacon resident is $30,824 a year. The US average is $37,638 a year.
- The Median household income of a Lacon resident is $54,934 a year. The US average is $69,021 a year.