Loda, IL is a small village located in Iroquois County. It is a great place to live with 2 bedroom rent being very affordable at $820 compared to the US average of $1,430. The cost of groceries is also lower than the US average, with an index score of 95 versus 100 in the US. Loda has several local businesses such as Dyer Farms Corn Maze, Sandoval Drive-in Theater, and Loda Bar & Grill. The village also offers various outdoor activities such as fishing on Onarga Lake or nearby Iroquois River Valley Golf Course for a game of golf. There are also numerous local attractions like the Martin-Boever House Museum and the Kankakee River State Park for families and visitors to explore.
Loda has an unemployment rate of 5.6%. The US average is 6.0%.
Loda has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Loda
- The Sales Tax Rate for Loda is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Loda 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 Loda
- The average income of a Loda resident is $23,321 a year. The US average is $28,555 a year.
- The Median household income of a Loda resident is $50,000 a year. The US average is $69,021 a year.