Nason, IL Economy


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Nason, IL is a small town with a population of around 500 people. Despite its size, Nason offers its residents plenty of conveniences; it's located close to larger cities such as Springfield and Decatur, which provide lots of local shops and businesses. Residents of Nason have access to plenty of unique places to shop, including HomeTown Hardware, The Flower Box, and Caseys General Store. There are also several recreational amenities in the area such as the Green family park and a lakefront park with picnic areas and fishing docks. Additionally, living expenses in Nason are quite affordable; two-bedroom rent averages at $780 per month compared to the US average of $1,430 per month. Furthermore, grocery cost index in Nason is 90 whereas the US has an index of 100. All these factors make Nason an ideal place to live for those looking for a more rural lifestyle without sacrificing convenience.

Nason has an unemployment rate of 6.5%. The US average is 6.0%.

Nason 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 31.6%, which is lower than the US average of 33.5%.

Tax Rates for Nason
- The Sales Tax Rate for Nason is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Nason 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 Nason
- The average income of a Nason resident is $16,008 a year. The US average is $28,555 a year.
- The Median household income of a Nason resident is $47,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNason, IllinoisUnited States
  6.56
  -8.4%-6.2%
  31.6%33.5%
  6.8%6.2%
  5.0%4.6%
  $24,545$37,638
  $47,917$69,021
  $49,861$85,028
  Population by Occupation
  0.0%1.2%
  2.4%0.5%
  2.4%6.8%
  24.7%10.0%
  3.5%2.5%
  23.5%11.0%
  7.1%4.8%
  0.0%0.8%
  0.0%1.9%
  8.2%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  1.2%4.2%
  2.4%9.3%
  14.1%14.0%
  0.0%2.1%
  9.4%7.0%
  1.2%4.8%
  0.0%4.7%
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