Long Point, IL is a small town located in Will County, Illinois. It is home to a number of local businesses such as Long Point Bar & Grill, FH Niebuhr Hardware Company, and the Long Point Pharmacy. The cost of living in Long Point is quite affordable with an average 2 bedroom rent at $830 compared to the US average of $1,430. The Grocery Cost Index in Long Point is 92 versus 100 noted for the US which means grocery items are slightly cheaper in this small town. In conclusion, Long Point is a great place to live with its lower rent prices and reasonable cost of goods making it an attractive option for those looking for an affordable lifestyle.
Long Point has an unemployment rate of 5.8%. The US average is 6.0%.
Long Point has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Long Point
- The Sales Tax Rate for Long Point is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Long Point 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 Long Point
- The average income of a Long Point resident is $26,426 a year. The US average is $28,555 a year.
- The Median household income of a Long Point resident is $60,000 a year. The US average is $69,021 a year.