Raleigh, IL is a small town located in Randolph County with a population of just over 430 people. This quaint town offers its residents an opportunity to live in a peaceful setting with plenty of local amenities. The 2 bedroom rent in Raleigh, IL is $700 per month which is significantly lower than the national average of $1,430 a month. There are also several local companies that offer employment opportunities such as C & C Farms, J&J Construction, and Stac Inc. The Grocery Cost Index in Raleigh is 96 compared to 100 for the US, providing locals with access to affordable groceries. It's clear that Raleigh provides great value for its citizens, giving them access to low cost housing and essential services at an affordable rate.
Raleigh has an unemployment rate of 7.4%. The US average is 6.0%.
Raleigh has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 9.3%, which is lower than the US average of 33.5%.
Tax Rates for Raleigh
- The Sales Tax Rate for Raleigh is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Raleigh 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 Raleigh
- The average income of a Raleigh resident is $19,453 a year. The US average is $28,555 a year.
- The Median household income of a Raleigh resident is $48,750 a year. The US average is $69,021 a year.