Sheffield, IL is an ideal place for people to live due to its low cost of living. The average rent for a two bedroom in Sheffield is $860 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Sheffield is 91 versus 100 in the US. Businesses thrive in and around Sheffield. Popular local companies include First National Bank of Omaha, Marigold Mechanical, G&S Farms, and Welding Services Incorporated. These businesses offer goods and services that create employment opportunities for local residents and visitors alike.
Sheffield has an unemployment rate of 6.3%. The US average is 6.0%.
Sheffield 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 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Sheffield
- The Sales Tax Rate for Sheffield is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Sheffield 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 Sheffield
- The average income of a Sheffield resident is $30,991 a year. The US average is $37,638 a year.
- The Median household income of a Sheffield resident is $63,750 a year. The US average is $69,021 a year.