Raritan, IL is a small city with a population of about 3,000 people. It has a lot to offer despite its size. In Raritan, the average rent for a two bedroom apartment is much lower than the average rent in the US ($680 versus $1,430). The cost of living is also low when compared to the national average; Raritan's Grocery Cost Index is 90 versus 100 in the US.
There are many businesses in Raritan such as Smith Farm Supply, Green Earth Lawn Care and Maintenance and D&D Janitorial Services. For recreation there’s an 18-hole golf course at nearby Riverview Country Club. The local library offers access to books and internet services free of charge for residents. There are also many places to eat such as Denny's Restaurant and Cafe Roma. In summary, Raritan is an ideal place for those looking for an affordable town with plenty to do.
Raritan has an unemployment rate of 5.3%. The US average is 6.0%.
Raritan 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 20.8%, which is lower than the US average of 33.5%.
Tax Rates for Raritan
- The Sales Tax Rate for Raritan is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Raritan 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 Raritan
- The average income of a Raritan resident is $25,800 a year. The US average is $28,555 a year.
- The Median household income of a Raritan resident is $70,000 a year. The US average is $69,021 a year.