Richview, IL is a small but vibrant town located in the Midwest. With a cost of living index of 93, it has become an attractive destination for people looking to save money on rent and groceries. Residents can expect to pay around $760 for a two-bedroom apartment, which is significantly lower than the US average of $1,430. Various businesses have set up shop in Richview over the years, contributing greatly to the local economy. These companies include The Richview Bakery which offers delicious handmade breads and pastries; Carpet Corner which provides carpets at reasonable prices; and Home Stewards which offers home cleaning services. As more businesses come into Richview, residents are finding more options for employment in their own backyard as well as opportunities for growth and development.
Richview has an unemployment rate of 2.7%. The US average is 6.0%.
Richview has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.
Tax Rates for Richview
- The Sales Tax Rate for Richview is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Richview 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 Richview
- The average income of a Richview resident is $30,840 a year. The US average is $28,555 a year.
- The Median household income of a Richview resident is $38,750 a year. The US average is $69,021 a year.