Smithton, IL is an idyllic small town with a lot to offer. It has a pleasant atmosphere and plenty of local businesses such as Smithton Market, Smithton Restoration, and Greenway Builders. The cost of living in Smithton is relatively low; for example, 2 bedroom rent is only $940 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Smithton is 98 versus 100 in the US, meaning that groceries are cheaper here than other places. All these factors make Smithton an attractive place to live and work!
Smithton has an unemployment rate of 6.7%. The US average is 6.0%.
Smithton has seen the job market increase by 2.1% 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 Smithton
- The Sales Tax Rate for Smithton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Smithton 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 Smithton
- The average income of a Smithton resident is $29,602 a year. The US average is $28,555 a year.
- The Median household income of a Smithton resident is $99,279 a year. The US average is $69,021 a year.