Rantoul, IL is a small village located in Champaign County. It is known for its strong economy, and is home to several established companies such as Rantoul Foods, International Medical Group (IMG) and Rantoul National Aviation Center. The cost of living in Rantoul is relatively affordable, with 2 bedroom rent averaging $900 compared to the US average of $1,430. Additionally, the grocery cost index for Rantoul stands at 92 versus 100 in the US. All these factors contribute to making it an attractive place to live and work.
Rantoul has an unemployment rate of 5.0%. The US average is 6.0%.
Rantoul has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Rantoul
- The Sales Tax Rate for Rantoul is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Rantoul 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 Rantoul
- The average income of a Rantoul resident is $18,548 a year. The US average is $28,555 a year.
- The Median household income of a Rantoul resident is $44,130 a year. The US average is $69,021 a year.