Marion, IL is an attractive city for those looking for affordable living expenses. The 2 Bedroom rent in Marion is much lower than the US average at $970 per month compared to $1,430. Similarly, the Grocery Cost Index in Marion stands at 94 as opposed to 100 on a national level. This indicates that residents can enjoy lower costs when it comes to groceries.
The city has many notable employers such as Rent-A-Center, Walmart, and YMCA of Southern Illinois providing jobs for locals. There are also several small businesses and restaurants that have grown within the community. As a whole Marion provides its residents with cost efficient living and plenty of employment opportunities making it a desirable location to settle down in.
Marion has an unemployment rate of 6.2%. The US average is 6.0%.
Marion has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Marion
- The Sales Tax Rate for Marion is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Marion 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 Marion
- The average income of a Marion resident is $32,597 a year. The US average is $37,638 a year.
- The Median household income of a Marion resident is $46,515 a year. The US average is $69,021 a year.