Scales Mound, IL is a charming small town located in Jo Daviess County. The population of the town is about 600 people and it offers a relaxed atmosphere with plenty of outdoor activities. The cost of living in Scales Mound, IL is considerably lower than the national average, with 2-bedroom rental prices about half the US average at $770/month. Additionally, grocery costs are 4% lower than the national average at an index score of 96.
The local economy is supported by several businesses that have been around for generations, such as Scales Mound Feed Store and Tellinghuisen Dairy Farm. Other companies include the Scales Mound Barber Shop and Schmitt Provisions & Beef Jerky Store. There are also two wineries located nearby: Pottery Road Winery and Galena Cellars Vineyard & Winery, both serving locally grown wines.
Scales Mound has an unemployment rate of 6.1%. The US average is 6.0%.
Scales Mound has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Scales Mound
- The Sales Tax Rate for Scales Mound is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Scales Mound 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 Scales Mound
- The average income of a Scales Mound resident is $31,656 a year. The US average is $37,638 a year.
- The Median household income of a Scales Mound resident is $58,611 a year. The US average is $69,021 a year.