Prairie Grove, IL is a small town located in the state of Illinois. It has a population of around 10,000 people and offers a variety of amenities to its residents. The cost of living is quite low in Prairie Grove with a two-bedroom rental averaging at $1,930 compared to the national average of $1,430. Additionally, the local grocery cost index is slightly lower than the US at 99 instead of 100. This makes Prairie Grove an affordable place to live for many families. In terms of local businesses, some popular companies include Hoffman Technology Solutions Inc., Koci's Garage Door Service Inc., and Ace Heating & Cooling LLC. These companies offer employment opportunities as well as necessary services to the community.
Prairie Grove has an unemployment rate of 5.9%. The US average is 6.0%.
Prairie Grove has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Prairie Grove
- The Sales Tax Rate for Prairie Grove is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Prairie Grove 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 Prairie Grove
- The average income of a Prairie Grove resident is $52,325 a year. The US average is $28,555 a year.
- The Median household income of a Prairie Grove resident is $117,500 a year. The US average is $69,021 a year.