Paderborn, IL is a small rural town located in the outskirts of Illinois. It is known for its close-knit community and low cost of living. Rent for a two bedroom apartment in Paderborn is $970, which is much lower than the national average of $1,430. The grocery cost index for Paderborn is 98 versus 100 in the US, making shopping more affordable as well.
The town of Paderborn has many local businesses that contribute to its economy including Rego's Automotive Repair and Body Shop, Schlenker Law Firm, and Wimmer's Flooring Solutions. These businesses offer reliable services to the local population and create jobs within the small community.
Paderborn has an unemployment rate of 6.7%. The US average is 6.0%.
Paderborn has seen the job market decrease by -6.7% 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 Paderborn
- The Sales Tax Rate for Paderborn is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Paderborn 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 Paderborn
- The average income of a Paderborn resident is $50,427 a year. The US average is $37,638 a year.
- The Median household income of a Paderborn resident is $0 a year. The US average is $69,021 a year.