Thomson, IL is a small town located in Northwestern Illinois. The cost of living in Thomson is significantly lower compared to the national average, with 2 bedroom rent priced at $770 per month versus the national average of $1,430. On top of that, the grocery cost index for Thomson is 92 whereas it stands at 100 nationally.
Thomson is home to several local companies such as X-Treme Pest Control and Godfather's Pizza. It also has a local library which offers many events throughout the year for locals and visitors to enjoy. The town is known for its friendly people and peaceful atmosphere. It also has multiple parks with walking trails for outdoor activities like fishing and biking. Overall, Thomson is an ideal place to live for those looking for a quiet and affordable life in rural Illinois.
Thomson has an unemployment rate of 5.7%. The US average is 6.0%.
Thomson has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 16.4%, which is lower than the US average of 33.5%.
Tax Rates for Thomson
- The Sales Tax Rate for Thomson is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Thomson 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 Thomson
- The average income of a Thomson resident is $23,734 a year. The US average is $28,555 a year.
- The Median household income of a Thomson resident is $50,556 a year. The US average is $69,021 a year.