Mackinaw, IL is a great town to live in with affordable rent costs and an inexpensive grocery cost index. The 2 Bedroom Rent in Mackinaw, IL is $900 compared to the US average of $1,430 making it a very affordable place to live. The Grocery Cost Index in Mackinaw, IL is 97 versus 100 in the US making it even more attractive for those looking for budget-friendly living. In addition to these cost benefits, Mackinaw, IL offers plenty of activities such as visiting local companies like Maquon Manufacturing and Saunemin Antiques or checking out some local attractions such as the Sibley Park Nature Trail and the Lake Bloomington.
Mackinaw has an unemployment rate of 5.7%. The US average is 6.0%.
Mackinaw has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Mackinaw
- The Sales Tax Rate for Mackinaw is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Mackinaw 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 Mackinaw
- The average income of a Mackinaw resident is $26,213 a year. The US average is $28,555 a year.
- The Median household income of a Mackinaw resident is $66,908 a year. The US average is $69,021 a year.