Ransom, IL is an attractive small community located in the state of Illinois. It has a population of about 1,000 people and offers many amenities that make it a great place to live. The cost of living in Ransom is relatively low compared to other cities; for example, two bedroom rent averages about $1,200 compared to the US average of $1,430. Similarly, groceries are cheaper here than elsewhere with an index of 94 versus 100 in the US. Another bonus to living in Ransom is the presence of local businesses such as Smith's Hardware Store, Johnson's Grocery Store, and ABC Auto Parts. All these factors make Ransom an appealing place to live for those looking for a convenient and affordable lifestyle.
Ransom has an unemployment rate of 7.3%. The US average is 6.0%.
Ransom has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Ransom
- The Sales Tax Rate for Ransom is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ransom 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 Ransom
- The average income of a Ransom resident is $30,507 a year. The US average is $37,638 a year.
- The Median household income of a Ransom resident is $57,321 a year. The US average is $69,021 a year.