Philo, IL is a small town in Illinois with a population of around 2000 people. It is known for its affordability and cost of living. The average 2 bedroom rent in Philo is $990 compared to $1,430 in the US. Additionally, the Grocery Cost Index is 96 compared to 100 in the US which makes groceries relatively inexpensive when compared to other locations.
The town has several local businesses including Schlarman High School, Walnut Café, and Philo Town Hall. Schlarman High School provides education opportunities for students of all ages while Walnut Café serves up delicious breakfast and lunch items from local produce and meat vendors. Finally, Philo Town Hall offers many public services like tax filing assistance and official document stamping.
Overall, Philo is an affordable place to live that offers a variety of services and activities for both locals and visitors alike. It is an great example of how smaller towns can provide quality amenities at lower costs than their bigger counterparts.
Philo has an unemployment rate of 5.0%. The US average is 6.0%.
Philo has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Philo
- The Sales Tax Rate for Philo is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Philo 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 Philo
- The average income of a Philo resident is $32,182 a year. The US average is $28,555 a year.
- The Median household income of a Philo resident is $94,635 a year. The US average is $69,021 a year.