Makanda, IL Economy


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Makanda, IL is a small village located in the heart of Southern Illinois. It is known for its beautiful landscape, close knit community and affordable living costs. The average two bedroom rent in Makanda, IL is $880 per month, whereas the same rental cost would be $1,430 elsewhere in the US. Additionally, Makanda's grocery cost index is 95 compared to 100 nationwide. This makes it an attractive option for those who are looking for an affordable place to live. Local attractions include Giant City State Park which provides visitors with scenic hiking trails and unique rock formations. The Heartland Country Music Theater offers year-round entertainment with shows featuring local artists from around the area. Local companies include Makanda Hotel & Grill which serves southern cuisine made from locally sourced ingredients and Vintage Vines Winery and Brewery that produces award winning wines and craft beers.

Makanda has an unemployment rate of 5.9%. The US average is 6.0%.

Makanda has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.

Tax Rates for Makanda
- The Sales Tax Rate for Makanda is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Makanda 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 Makanda
- The average income of a Makanda resident is $53,324 a year. The US average is $28,555 a year.
- The Median household income of a Makanda resident is $65,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMakanda, IllinoisUnited States
  5.96
  -6.9%-6.2%
  21.5%33.5%
  7.3%6.2%
  5.0%4.6%
  $45,121$37,638
  $65,000$69,021
  $85,781$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  5.4%6.8%
  4.9%10.0%
  3.1%2.5%
  11.7%11.0%
  8.1%4.8%
  0.0%0.8%
  0.0%1.9%
  3.6%4.7%
  0.9%1.9%
  1.8%7.6%
  0.0%0.1%
  3.6%4.2%
  16.1%9.3%
  27.4%14.0%
  2.7%2.1%
  2.2%7.0%
  2.7%4.8%
  3.6%4.7%
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