Mineral, IL is a small town located in the heart of Southern Illinois. The town offers a number of local businesses, attractions, and restaurants for its residents. Local companies include K&G Food Store, Mineral Auto Parts, and McKee's Repair Service. Popular attractions around Mineral include Little Grassy Lake State Park, Cedar Lake Park, and the Saline County Speedway. With an affordable 2 bedroom rent of just $920 compared to the US average of $1,430, living in Mineral is both comfortable and budget-friendly. Additionally, the Grocery Cost Index in Mineral is 90 versus 100 in the US making grocery shopping more affordable as well.
Mineral has an unemployment rate of 6.3%. The US average is 6.0%.
Mineral has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Mineral
- The Sales Tax Rate for Mineral is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Mineral 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 Mineral
- The average income of a Mineral resident is $17,794 a year. The US average is $28,555 a year.
- The Median household income of a Mineral resident is $39,722 a year. The US average is $69,021 a year.