Petersburg, IL is a small city located in Menard County with a population of around 2,200 people. The cost of living in Petersburg is much lower than the national average, as demonstrated by its 2 bedroom rent costing $840 compared to the US average of $1,430. Grocery costs in Petersburg are also more affordable at 97 versus 100 compared to the US. Companies that call Petersburg home include P&K Midwest, Milldale Farms, Country Grain Resources and Peterson Farms Seed. Residents enjoy a low cost of living and access to many local businesses.
Petersburg has an unemployment rate of 5.0%. The US average is 6.0%.
Petersburg has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Petersburg
- The Sales Tax Rate for Petersburg is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Petersburg 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 Petersburg
- The average income of a Petersburg resident is $24,316 a year. The US average is $28,555 a year.
- The Median household income of a Petersburg resident is $60,536 a year. The US average is $69,021 a year.