Stonington, IL is a small town located in Central Illinois known for being both family friendly and affordable. The average two-bedroom rent in Stonington is about $820, significantly lower than the national average of $1,430. The cost of groceries are also relatively low as the Grocery Cost Index for this area is 92 versus the US index of 100. Locally owned businesses are scattered throughout Stonington, such as the hardware store 'Wilson's', the general store 'Grimm's', and the restaurant 'Chef Supreme'. Stonington is an ideal place to settle down with its quaint atmosphere and low cost of living.
Stonington has an unemployment rate of 6.3%. The US average is 6.0%.
Stonington has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Stonington
- The Sales Tax Rate for Stonington is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Stonington 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 Stonington
- The average income of a Stonington resident is $23,279 a year. The US average is $28,555 a year.
- The Median household income of a Stonington resident is $52,500 a year. The US average is $69,021 a year.