Neponset, IL is a small town located in the northern part of Illinois. It offers a quiet and peaceful atmosphere which makes it ideal for people looking for a respite from the hustle and bustle of city life. The local economy is mainly based on agriculture and manufacturing, with companies such as Frito-Lay, Cargill and Tyson providing employment opportunities to many citizens.
The cost of living in Neponset, IL is quite low when compared to other parts of the United States. Rent for two bedroom apartments averages around $830 per month while groceries are much cheaper than they are in most cities with an index rate of 92 versus 100 nationally. In addition to this, utility costs tend to be lower than most other areas in the US due to the town's relatively small size. All things considered, Neponset provides a great quality of life and affordability at a fraction of what it would cost elsewhere.
Neponset has an unemployment rate of 6.3%. The US average is 6.0%.
Neponset 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 Neponset
- The Sales Tax Rate for Neponset is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Neponset 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 Neponset
- The average income of a Neponset resident is $22,466 a year. The US average is $28,555 a year.
- The Median household income of a Neponset resident is $57,188 a year. The US average is $69,021 a year.