South Wilmington, IL is a small town located in the northern part of the state. It is known for having many local companies such as Bradley Lumber Co., Green Tree Nursery, and The Oxford Group. Tourist attractions in this area include the historic Ohlone Wilderness Trail that offers breathtaking views of the surrounding countryside and Cedar Point State Park which is known for its plentiful wildlife and nature trails. In terms of affordability, South Wilmington has an affordable two-bedroom rent at $1,090 compared to the US average of $1,430. Additionally, grocery costs are lower than in most areas with a cost index of 95 compared to 100 nationally. South Wilmington provides a safe and welcoming environment with all the amenities people need for comfortable living.
South Wilmington has an unemployment rate of 6.6%. The US average is 6.0%.
South Wilmington has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for South Wilmington
- The Sales Tax Rate for South Wilmington is 6.3%. The US average is 7.3%.
- The Income Tax Rate for South Wilmington 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 South Wilmington
- The average income of a South Wilmington resident is $29,479 a year. The US average is $28,555 a year.
- The Median household income of a South Wilmington resident is $76,667 a year. The US average is $69,021 a year.