Olmsted, IL is a small town in Williamson County, with a close-knit community. It is known for its affordable cost of living, with 2 bedroom rent costing just $710 compared to the US average of $1,430. Similarly, the Grocery Cost Index in Olmsted is 91 versus 100 in the US. The town offers plenty of amenities for residents; notable companies in Olmsted include Walmart and Lowe's Home Improvement Store. In addition, there are several restaurants and cafes available to locals and tourists alike. Overall, Olmsted has an ideal combination of affordability and amenities which makes it an attractive place to live!
Olmsted has an unemployment rate of 10.3%. The US average is 6.0%.
Olmsted 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 Olmsted
- The Sales Tax Rate for Olmsted is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Olmsted 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 Olmsted
- The average income of a Olmsted resident is $18,835 a year. The US average is $28,555 a year.
- The Median household income of a Olmsted resident is $24,688 a year. The US average is $69,021 a year.