Maquon, IL is a small rural town located in Knox county. Home to a population of about 1,000 people, Maquon offers an affordable lifestyle with 2 bedroom rent averaging at $770 compared to the national average of $1,430. Grocery Cost Index in Maquon is lower than the US average, making it an attractive location for people looking to live within their means. The town is home to numerous local businesses such as Elkhorn Campground & RV Park and Ye Olde Shoppe & Antiques. There are also many attractions nearby such as historical sites like the Anderson-Kellogg Homestead and Spalding Memorial Library Museum, as well as recreational areas like Lake Storey Park and Small's Grove Park. All these offerings make Maquon a great place to settle down and enjoy a pleasant life.
Maquon has an unemployment rate of 7.5%. The US average is 6.0%.
Maquon has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Maquon
- The Sales Tax Rate for Maquon is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Maquon 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 Maquon
- The average income of a Maquon resident is $20,255 a year. The US average is $28,555 a year.
- The Median household income of a Maquon resident is $51,667 a year. The US average is $69,021 a year.