Otterville, IL is a small town in central Illinois. It is known for its friendly people and welcoming community. The average rent for a two bedroom apartment is $870, which is much lower than the national average of $1,430. This makes it an attractive place to live for those on a budget. In addition to affordable housing, Otterville also has a low Grocery Cost Index of 94 compared to the US at 100. This means groceries are very affordable in Otterville.
The town boasts several local businesses including Shartzer Farms General Store, Hargrove Automotive Repair and Denton Auto Parts & Repair as well as JT's Grocery and Deli and Country Corner Cafe. Visitors and newcomers alike will enjoy the small-town charm of this unique Illinois town.
Otterville has an unemployment rate of 4.7%. The US average is 6.0%.
Otterville has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Otterville
- The Sales Tax Rate for Otterville is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Otterville 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 Otterville
- The average income of a Otterville resident is $21,507 a year. The US average is $37,638 a year.
- The Median household income of a Otterville resident is $55,878 a year. The US average is $69,021 a year.