Patoka, IL is a small town located in Marion County. It has a population of just over 1,000 people. Patoka is known for its local businesses such as Patoka Grocery Store and Patoka Bar-B-Q. The cost of living in Patoka is relatively low compared to the US as a whole. The average rent for a two bedroom apartment is $840 while the US 2 bedroom rent averages $1,430. Additionally, the grocery cost index in Patoka is 93 while it's 100 in the US, signifying that groceries are more affordable in Patoka than the national average. Overall, Patoka offers an inexpensive lifestyle away from the hustle and bustle of big cities.
Patoka has an unemployment rate of 6.2%. The US average is 6.0%.
Patoka has seen the job market decrease by -8.5% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Patoka
- The Sales Tax Rate for Patoka is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Patoka 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 Patoka
- The average income of a Patoka resident is $25,862 a year. The US average is $37,638 a year.
- The Median household income of a Patoka resident is $56,750 a year. The US average is $69,021 a year.