Pearl, IL is a small city located in Central Illinois. The cost of living in Pearl, IL is significantly less than the US average, making it a great option for individuals looking for an affordable place to live. A two-bedroom rent is $690, which is nearly half of the national average rent of $1,430. Additionally, the Grocery Cost Index in Pearl is 92 compared to 100 in the US. This makes it cheaper to buy food items and other grocery items.
There are many businesses located in Pearl, IL that make it a great place to live. Some notable companies include Cardigan Tool Company, Sterling Steel Corporation and Remington Seeds LLC. These companies provide employment opportunities for local residents as well as services for visitors and tourists alike. In addition to these larger companies there are also plenty of small businesses such as restaurants and stores that help keep Pearl's economy thriving.
Pearl has an unemployment rate of 4.8%. The US average is 6.0%.
Pearl has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 13.7%, which is lower than the US average of 33.5%.
Tax Rates for Pearl
- The Sales Tax Rate for Pearl is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Pearl 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 Pearl
- The average income of a Pearl resident is $9,319 a year. The US average is $28,555 a year.
- The Median household income of a Pearl resident is $50,000 a year. The US average is $69,021 a year.