Millstadt, IL is a small town located in the southwestern portion of the state. It is home to several businesses, including Millstadt Hardware Inc., Baumann Body Shop, Spengel-Boulanger Funeral Home, and Optimum Solutions. The cost of living in Millstadt is relatively low compared to other cities in the region; for example, two bedroom rent averages at $930 while the United States average is $1,430. Additionally, the Grocery Cost Index in Millstadt is 97 compared to a 100 throughout the nation. All these factors make it an attractive place to live and work for many people.
Millstadt has an unemployment rate of 6.7%. The US average is 6.0%.
Millstadt has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Millstadt
- The Sales Tax Rate for Millstadt is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Millstadt 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 Millstadt
- The average income of a Millstadt resident is $43,668 a year. The US average is $37,638 a year.
- The Median household income of a Millstadt resident is $85,845 a year. The US average is $69,021 a year.