Mounds, IL is a small town located in Pulaski County. It has a friendly community atmosphere with several local businesses such as Mounds Mini Mart and Mounds Pharmacy. The town also has its own elementary school, Mounds Elementary, which is part of the Pulaski County School District. The cost of living in Mounds, IL is relatively lower than that of the US average due to the low rent for a two bedroom home being $700 per month compared to the United States $1,430. Grocery costs are also lower in Mounds at 92 index points compared to 100 points in the US.
Mounds has an unemployment rate of 10.3%. The US average is 6.0%.
Mounds has seen the job market increase by 4.8% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Mounds
- The Sales Tax Rate for Mounds is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Mounds 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 Mounds
- The average income of a Mounds resident is $13,914 a year. The US average is $28,555 a year.
- The Median household income of a Mounds resident is $27,297 a year. The US average is $69,021 a year.