Mitchell, IL is a small town located in Franklin County. It has a population of around 2,000 residents who enjoy its rural atmosphere and relaxed lifestyle. The median income for people living in Mitchell is $50,946, which is lower than the US national average. The cost of living in Mitchell is also relatively low, with a two bedroom rental costing only $840 per month. Groceries are even cheaper as the Grocery Cost Index in Mitchell is 92 compared to 100 nationwide. \nThe town boasts many local businesses such as Bearco Construction and Perks Landscaping Services that cater to both residential and commercial customers. Other local companies include Mitchell Pest Control, Ballard & Associates Real Estate, and Hine Insurance Agency.
Mitchell has an unemployment rate of 5.4%. The US average is 6.0%.
Mitchell has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Mitchell
- The Sales Tax Rate for Mitchell is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Mitchell 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 Mitchell
- The average income of a Mitchell resident is $23,867 a year. The US average is $28,555 a year.
- The Median household income of a Mitchell resident is $42,125 a year. The US average is $69,021 a year.