Schram City, IL is a small city located in the Midwest. It is a great place to live due to its affordable cost of living compared to other US cities. The average 2 bedroom rent is only $700, which is much lower than the national average of $1430. Groceries also tend to be cheaper in Schram City with an Index of 92 as opposed to 100 in the US overall. The city has plenty of options for entertainment and dining as well. Popular local companies include Schram Home Improvement, Schram Automotive Repair, and Schram Furniture Store. There are also many smaller businesses around that contribute to the economy and culture of the city.
Schram City has an unemployment rate of 6.4%. The US average is 6.0%.
Schram City has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Schram City
- The Sales Tax Rate for Schram City is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Schram City 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 Schram City
- The average income of a Schram City resident is $20,537 a year. The US average is $28,555 a year.
- The Median household income of a Schram City resident is $41,932 a year. The US average is $69,021 a year.