Taylor Springs, IL is a great city to live in for those who are looking for an economically friendly place to stay. With the average 2 bedroom rent being only $700 as compared to the US average of $1,430, everyone can enjoy a low cost of living. The Grocery Cost Index is also 92 versus 100 in the US, giving residents even more savings when buying groceries. Local businesses such as Taylor Springs Community Bank and Taylor Springs Auto Center provide efficient services and help contribute to the local economy. Overall, Taylor Springs, IL offers high quality living at a fraction of the cost found elsewhere - a perfect place to call home!
Taylor Springs has an unemployment rate of 6.4%. The US average is 6.0%.
Taylor Springs has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Taylor Springs
- The Sales Tax Rate for Taylor Springs is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Taylor Springs 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 Taylor Springs
- The average income of a Taylor Springs resident is $20,759 a year. The US average is $28,555 a year.
- The Median household income of a Taylor Springs resident is $40,172 a year. The US average is $69,021 a year.