Lynnville, IL is a small charming town nestled between the rolling hills of Illinois. It is a great place to live with low 2 Bedroom rent costs at only $800 compared to the US average of $1,430. The cost of living in Lynnville is also very low with a Grocery Cost Index of 93 compared to the US which stands at 100. There are many local companies in Lynnville such as City Accounting Services, Lynn's Cleaning Solutions and Myer's Plumbing that provide excellent services for the locals. Local businesses like these have been part of this community for years and make up an important part of Lynnville's economy.
Lynnville has an unemployment rate of 5.5%. The US average is 6.0%.
Lynnville has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Lynnville
- The Sales Tax Rate for Lynnville is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lynnville 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 Lynnville
- The average income of a Lynnville resident is $24,213 a year. The US average is $28,555 a year.
- The Median household income of a Lynnville resident is $48,333 a year. The US average is $69,021 a year.