Sandoval, IL is a small town located just outside of St. Louis in Illinois. It has a population of around 1,600 people and offers a more relaxed lifestyle than its larger neighbor. The cost of living in Sandoval is notably lower than that of most other locations in the US, with 2 bedroom rent being just $860 compared to the national average of $1,430. Additionally, grocery costs are significantly lower too with an index value of 88 compared to 100 nationally.
Sandoval also offers excellent local businesses such as Joe's Mechanics which provides automotive services and repairs for nearby residents at competitive prices and Shannon's Bakery which sells delicious homemade baked goods on a daily basis. On top of this, Sandoval also offers unique boutiques such as Katie's Clothing Boutique and Ski's Collectibles shop which offer unique items not available anywhere else.
The relatively low cost of living in Sandoval can be attributed to its smaller size and slightly remote location from larger cities like St. Louis. With fewer people living there means less demand for housing and groceries leading to prices being much lower than those found elsewhere in the US.
Sandoval has an unemployment rate of 6.2%. The US average is 6.0%.
Sandoval has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Sandoval
- The Sales Tax Rate for Sandoval is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Sandoval 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 Sandoval
- The average income of a Sandoval resident is $16,871 a year. The US average is $28,555 a year.
- The Median household income of a Sandoval resident is $37,031 a year. The US average is $69,021 a year.