Pana, IL is a charming small town located in Central Illinois. The city has a population of 5,400 people and offers an array of amenities for its residents. It is home to many locally owned businesses such as Pana City Hall, Pana Bank & Trust, South Fork Saloon and Breslin-Snell Grocery Store. \nThe average rent for a two bedroom in Pana is $750 compared to the national average of $1,430. The cost of groceries is also lower in Pana with their Grocery Cost Index at 91 versus the national index of 100. This means that the cost of living in Pana is lower than other places around the country.
Pana has an unemployment rate of 6.3%. The US average is 6.0%.
Pana has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Pana
- The Sales Tax Rate for Pana is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Pana 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 Pana
- The average income of a Pana resident is $17,672 a year. The US average is $28,555 a year.
- The Median household income of a Pana resident is $50,833 a year. The US average is $69,021 a year.