Oak Run, IL is a small town located in central Illinois. It is home to many local businesses, such as Oak Run Sporting Goods, Oak Run Hardware Store, and Oak Run Cafe. The cost of living in this area is quite low compared to the rest of the United States. Rent for a two-bedroom apartment in Oak Run averages at $730 compared to an average of $1,430 for two-bedroom apartments throughout the US. Grocery costs also tend to be lower than those found in other parts of the country - with an index score of 100 versus 100 for the US overall. This makes it a great place for people looking for a peaceful lifestyle with affordable housing options.
Oak Run has an unemployment rate of 7.5%. The US average is 6.0%.
Oak Run has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Oak Run
- The Sales Tax Rate for Oak Run is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Oak Run 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 Oak Run
- The average income of a Oak Run resident is $43,502 a year. The US average is $28,555 a year.
- The Median household income of a Oak Run resident is $112,500 a year. The US average is $69,021 a year.