Mill Shoals, IL is a small town located in the state of Illinois. It is known for its charming downtown area with a variety of shops and restaurants. The cost of living in Mill Shoals is relatively low, with an average two-bedroom rent at around $700, compared to the US average of $1,430. Additionally, the Grocery Cost Index in Mill Shoals is 90 compared to 100 in the US. \nLocal companies and attractions include Riverside Park which offers a variety of outdoor activities like biking and fishing; Salvato's Pizza for delicious Italian cuisine; Mill Shoals Art Gallery featuring local artwork; and Paulson Hardware Store for all your hardware needs. With its low cost of living and friendly atmosphere, it's no wonder why Mill Shoals continues to be a popular destination for families seeking a peaceful lifestyle.
Mill Shoals has an unemployment rate of 5.6%. The US average is 6.0%.
Mill Shoals has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Mill Shoals
- The Sales Tax Rate for Mill Shoals is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Mill Shoals 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 Mill Shoals
- The average income of a Mill Shoals resident is $21,834 a year. The US average is $28,555 a year.
- The Median household income of a Mill Shoals resident is $51,731 a year. The US average is $69,021 a year.