Sun River Terrace, IL is a small city located in the northern part of the state. It has a population of around 8,000 people and is conveniently located near major highways and interstates. The cost of living in Sun River Terrace, IL is relatively inexpensive with 2 bedroom rentals costing $860 per month; this is significantly lower than the US average of $1,430 for similar rentals. Moreover, grocery costs are only 93 compared to the 100 national average. A few local companies that can be found in Sun River Terrace are D&R Auto Repair, Pierre's Cleaning Services and Top Notch Tree Care Service. All of these businesses provide quality services to the community at competitive rates.
Sun River Terrace has an unemployment rate of 7.5%. The US average is 6.0%.
Sun River Terrace has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Sun River Terrace
- The Sales Tax Rate for Sun River Terrace is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Sun River Terrace 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 Sun River Terrace
- The average income of a Sun River Terrace resident is $16,915 a year. The US average is $28,555 a year.
- The Median household income of a Sun River Terrace resident is $48,462 a year. The US average is $69,021 a year.