Plymouth, IL is a great place to live and work. The cost of living is relatively low compared to the national average; 2 bedroom rent in Plymouth is $770, whereas the national average for a 2 bedroom is $1,430. Similarly, grocery costs in Plymouth are about 90 on the cost index compared to 100 in the US. There are several local companies that make Plymouth a great place to work and live. Companies such as Daviess County Bank and Trust, Farmers State Bank, and M&M Hardware have been operating in this area for decades. These businesses provide quality goods and services to the community while also being good employers who strive to create meaningful jobs for the locals.
Plymouth has an unemployment rate of 5.3%. The US average is 6.0%.
Plymouth has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Plymouth
- The Sales Tax Rate for Plymouth is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Plymouth 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 Plymouth
- The average income of a Plymouth resident is $18,405 a year. The US average is $28,555 a year.
- The Median household income of a Plymouth resident is $46,250 a year. The US average is $69,021 a year.