St. Joseph, IL Economy


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St. Joseph, IL is a small town located in Central Illinois with a population of around 2,000 people. It's a great place to live for those seeking an affordable cost of living compared to the US average. The average 2 bedroom rent is $890 per month and the grocery cost index is 97 compared to 100 in the US. This makes St. Joseph an attractive place for families looking to save money on their basic needs. There are several local businesses in St Joseph which includes restaurants, bars, banks, auto repair shops, grocery stores, and clothing stores. Overall, St Joseph offers an affordable cost of living that can help families stretch their budget while still enjoying all the amenities of a small town life.

St. Joseph has an unemployment rate of 5.0%. The US average is 6.0%.

St. Joseph has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.

Tax Rates for St. Joseph
- The Sales Tax Rate for St. Joseph is 9.0%. The US average is 7.3%.
- The Income Tax Rate for St. Joseph 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 St. Joseph
- The average income of a St. Joseph resident is $27,454 a year. The US average is $28,555 a year.
- The Median household income of a St. Joseph resident is $94,158 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySt. Joseph, IllinoisUnited States
  56
  -4.0%-6.2%
  30.2%33.5%
  7.5%6.2%
  5.0%4.6%
  $36,894$37,638
  $94,158$69,021
  $108,361$85,028
  Population by Occupation
  2.1%1.2%
  0.0%0.5%
  8.5%6.8%
  0.6%10.0%
  0.8%2.5%
  13.7%11.0%
  1.6%4.8%
  0.0%0.8%
  2.1%1.9%
  7.6%4.7%
  0.0%1.9%
  6.1%7.6%
  0.0%0.1%
  3.6%4.2%
  18.5%9.3%
  13.6%14.0%
  0.0%2.1%
  4.0%7.0%
  12.9%4.8%
  4.4%4.7%
Reviews for St. Joseph
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St. Joe is an excellent bedroom community to Champaign Urbana. The local grocery store and restaurants and shops are few but sufficient and Urbana is just 8 miles way.   More

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Over 16 years ago

I do not know what the difference is in St.Joseph and St.Joseph township, but i lived there back from 1975 until the spring of 1979. I have good memories there of the  More

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