Smithboro, IL is a small town located in central Illinois. It is known for its friendly people and peaceful atmosphere. The rent for two bedroom apartments in Smithboro is much more affordable compared to the national average. Grocery cost index of the town stands at 95 versus 100 in the US. Local businesses found in Smithboro include Smithboro Pharmacy, Maryann's bar & grill, and Greenleaf Grocery Store. These businesses provide locals with necessary goods and services while creating job opportunities for the community.
Smithboro has an unemployment rate of 4.9%. The US average is 6.0%.
Smithboro has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Smithboro
- The Sales Tax Rate for Smithboro is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Smithboro 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 Smithboro
- The average income of a Smithboro resident is $17,456 a year. The US average is $28,555 a year.
- The Median household income of a Smithboro resident is $39,583 a year. The US average is $69,021 a year.