St. Peter is a small town in Illinois with a population of about 5,000 people. It has seen recent growth and development which make it an attractive place to live. The average rent for a two-bedroom apartment in St. Peter is $790 per month, much lower than the national average of $1,430. Groceries are also more affordable here than in other parts of the country; the grocery cost index in St. Peter is 93 versus 100 in the US.
The town has plenty of local businesses that contribute to its economy, such as St. Peter Cheese Inc., Delaney's Farm Market, and Burger King. There are also several churches in the area, providing spiritual services for residents as well as recreational parks that offer lots of outdoor activities. With its low rent costs and overall affordability, St. Peter is a great place to live with an excellent cost-of-living index rating.
St. Peter has an unemployment rate of 6.2%. The US average is 6.0%.
St. Peter has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for St. Peter
- The Sales Tax Rate for St. Peter is 6.8%. The US average is 7.3%.
- The Income Tax Rate for St. Peter 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. Peter
- The average income of a St. Peter resident is $22,350 a year. The US average is $28,555 a year.
- The Median household income of a St. Peter resident is $56,000 a year. The US average is $69,021 a year.