Spaulding, IL is a small town located in the Midwest region of the United States with a population of approximately 4,500 people. This town is known for its friendly residents, great schools and numerous amenities offered within close proximity to the town center. There are a number of local mom-and-pop businesses in Spaulding that help make it unique and contribute to its overall charm. The region’s grocery cost index is 95 versus the US average of 100, making it a relatively affordable area to live. Furthermore, rent for 2 bedroom homes in Spaulding is $960 compared to $1,430 in the US on average; making this an attractive place for younger families or individuals looking for an affordable place to live. Some popular local companies include Spaulding Bank & Trust which serves as a cornerstone provider of financial services in the area and Kincaid Grocery Store which supplies fresh produce and groceries at competitive prices. These businesses contribute to the well-being of Spaulding's economy by creating jobs and providing quality services for their customers.
Spaulding has an unemployment rate of 6.3%. The US average is 6.0%.
Spaulding has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Spaulding
- The Sales Tax Rate for Spaulding is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Spaulding 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 Spaulding
- The average income of a Spaulding resident is $47,205 a year. The US average is $37,638 a year.
- The Median household income of a Spaulding resident is $104,904 a year. The US average is $69,021 a year.