Old Ripley, IL is a small village in Montgomery County with a population of about 1,000 people. It is an ideal location for those looking for affordable rent and living expenses. The 2-bedroom rent in Old Ripley is $1,000 compared to the US average of $1,430 giving it an even greater cost advantage over other parts of the country. Similarly, the Grocery Cost Index in Old Ripley is 96 versus 100 in the US making it one of the most affordable areas for groceries as well. Local companies include Ripley Water Company, Casey’s General Store and Old Town Market & Deli. The median household income in Old Ripley is $51,107 according to 2017 data from the US Census Bureau.
Old Ripley has an unemployment rate of 4.9%. The US average is 6.0%.
Old Ripley has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Old Ripley
- The Sales Tax Rate for Old Ripley is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Old Ripley 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 Old Ripley
- The average income of a Old Ripley resident is $14,802 a year. The US average is $28,555 a year.
- The Median household income of a Old Ripley resident is $66,875 a year. The US average is $69,021 a year.