Marine, IL is a small town located in Madison County in Illinois. This charming town has a lot to offer as it has a low cost of living compared to other parts of the United States. Groceries are around 4% cheaper than the US average, while 2 bedroom rent is $540 less than the US average. As such, Marine, IL could be an attractive option for people looking for cheaper living options. Some local companies that are known for providing lower cost of living include Starbuck Construction Company, Hillcrest Bank, and Lively Internet Services. With these companies in place, residents can expect prices on goods and services to remain reasonable compared to other parts of the country. The 2 bedroom rent in Marine is especially appealing at just $890 per month versus $1,430 nationwide. For those looking for more affordable living options, Marine is certainly worth considering.
Marine has an unemployment rate of 5.4%. The US average is 6.0%.
Marine has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Marine
- The Sales Tax Rate for Marine is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Marine 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 Marine
- The average income of a Marine resident is $26,805 a year. The US average is $28,555 a year.
- The Median household income of a Marine resident is $69,688 a year. The US average is $69,021 a year.