Simpson, IL is a small town located in central Illinois. It has a population of just over 1,000 people and offers its residents a quiet, peaceful atmosphere. The cost of living is reasonable with two bedroom rents averaging around $890 compared to the US average of $1,430 - making Simpson an affordable place to live. In addition, Grocery Cost Index in Simpson is 94 versus the US average of 100, which further adds to its affordability. Local businesses in Simpson offer competitive prices on products and services as well; for instance, the local car dealership offers new vehicles at 20% less than the national average and there are several restaurants offering home-cooked meals at competitive prices. Simpson truly is an affordable place to call home!
Simpson has an unemployment rate of 6.7%. The US average is 6.0%.
Simpson has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Simpson
- The Sales Tax Rate for Simpson is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Simpson 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 Simpson
- The average income of a Simpson resident is $7,627 a year. The US average is $28,555 a year.
- The Median household income of a Simpson resident is $51,875 a year. The US average is $69,021 a year.