Phoenix, IL is a charming small town located in central Illinois. With a population of around 4,000 people, this idyllic community offers plenty of local attractions and businesses. The city’s low cost of living makes it an ideal place to live; for example, the average two-bedroom rent is $1,170 compared to the US average of $1,430. Grocery Cost Index in Phoenix is also 89 versus 100 in the US - making food affordable for residents.
Local attractions include Arts @ Large Park which offers outdoor activities such as disc golf and bike trails, or the historic Beer’s Woods; a mix between a nature reserve and a playground with picnic tables and playground equipment. In addition to these attractions there are also plenty of locally owned businesses that serve their community such as the Prime Cut Steakhouse & Lounge and Phoenix Country Market which both offer customers delicious meals in their cozy atmosphere.
Phoenix has an unemployment rate of 8.4%. The US average is 6.0%.
Phoenix has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Phoenix
- The Sales Tax Rate for Phoenix is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Phoenix 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 Phoenix
- The average income of a Phoenix resident is $22,503 a year. The US average is $37,638 a year.
- The Median household income of a Phoenix resident is $31,528 a year. The US average is $69,021 a year.