Lovington, IL is an affordable place to rent and purchase groceries. A two bedroom apartment only costs $790, making it a great option for those looking to save money on rent. The local grocery cost index of 92 also makes Lovington more economical than the national average. There are several great companies and attractions in the area such as First National Bank, Lovington Veterinary Clinic, and Eichhorn Lake Park. Each one offers something unique to this small community, making it a great place to call home.
Lovington has an unemployment rate of 3.9%. The US average is 6.0%.
Lovington has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Lovington
- The Sales Tax Rate for Lovington is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lovington 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 Lovington
- The average income of a Lovington resident is $23,087 a year. The US average is $28,555 a year.
- The Median household income of a Lovington resident is $53,603 a year. The US average is $69,021 a year.