Mason City, IL is a small town located in central Illinois with a population of about 2,500 people. It is known for its low cost of living and growing economy. Rent for a two bedroom apartment is typically $730 per month, which is significantly lower than the national average of $1,430 for the same size unit. The grocery cost index in Mason City also comes in at 91 compared to 100 nationally. \nMason City offers a variety of businesses and services that contribute to the local economy including the Mason City Church of Christ, Mason City Veterinary Clinic, and Oxford Solutions IT Consulting Services. The city also has an abundance of recreation areas such as outdoor parks and trails. In addition to this, there are many restaurants offering local cuisines. \nAll in all, Mason City provides its residents with an affordable cost of living while still providing access to numerous amenities and services.
Mason City has an unemployment rate of 6.3%. The US average is 6.0%.
Mason City has seen the job market increase by 2.7% 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 Mason City
- The Sales Tax Rate for Mason City is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Mason City 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 Mason City
- The average income of a Mason City resident is $21,929 a year. The US average is $28,555 a year.
- The Median household income of a Mason City resident is $50,625 a year. The US average is $69,021 a year.