London Mills, IL is a small town located in Fulton County. Despite its size, it is an attractive area for people to live due to its low cost of living. The average 2 bedroom rent in London Mills is $880, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in London Mills is 91, compared with 100 in the US. Popular local businesses include Castlerock Farm Market, Roseland Dairy and K&K Feeds & Supplies Inc., all of which have been serving the community for many years.
London Mills has an unemployment rate of 6.6%. The US average is 6.0%.
London Mills has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for London Mills
- The Sales Tax Rate for London Mills is 7.8%. The US average is 7.3%.
- The Income Tax Rate for London Mills 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 London Mills
- The average income of a London Mills resident is $18,380 a year. The US average is $28,555 a year.
- The Median household income of a London Mills resident is $37,396 a year. The US average is $69,021 a year.