Piper City, IL is a small town located in Ford County with an estimated population of 1,000. The cost of living in Piper City is quite low compared to most areas due to the lower rent prices and grocery costs. Specifically, the 2-bedroom rent in Piper City is $710 which is significantly lower than the US average of $1,430 and the Grocery Cost Index in Piper City is 91 versus an index of 100 in the US. As a result, many people are drawn to Piper City for its affordable lifestyle.
In addition to its low cost of living, there are several local businesses that serve the area. These companies include Little Pipers Playground, a children's activity center; G and J Restaurant & Pub; L&B Automotive Parts & Service Store; Roberts Construction Services; and Miller's Transport Solutions. All these businesses contribute to providing services to the residents of Piper City and keeping its economy going strong.
Piper City has an unemployment rate of 4.8%. The US average is 6.0%.
Piper City has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Piper City
- The Sales Tax Rate for Piper City is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Piper City 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 Piper City
- The average income of a Piper City resident is $19,266 a year. The US average is $28,555 a year.
- The Median household income of a Piper City resident is $34,018 a year. The US average is $69,021 a year.