Oneida, IL is a small town in Knox County, Illinois with a population of just over 600. It is known for its affordable living costs; a two bedroom rental averages around $790 compared to the US average of $1,430. Additionally, grocery cost index in Oneida is 92 compared to 100 in the US. The local economy is based on agriculture and relies on small businesses such as farmer’s markets and local cafes and restaurants like Mrs. Porker’s BBQ Kitchen and KJ's Cafe & Bakery for employment opportunities. Oneida has also seen an increase in manufacturing jobs at companies including Poultry Producers Incorporated and Midwest Tube Mills Corp. Overall, Oneida offers an affordable place to live with unique local businesses that contribute to its growing economy.
Oneida has an unemployment rate of 7.5%. The US average is 6.0%.
Oneida 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 Oneida
- The Sales Tax Rate for Oneida is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Oneida 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 Oneida
- The average income of a Oneida resident is $22,337 a year. The US average is $28,555 a year.
- The Median household income of a Oneida resident is $58,490 a year. The US average is $69,021 a year.