Tilton, IL is a small town located in northwestern Illinois. It has a population of just over 3000 people and offers a tranquil lifestyle with plenty of outdoor activities to explore. The two-bedroom rental rates in Tilton are significantly lower than the national average of $1,430, currently at $910. Additionally, the grocery cost index for Tilton is 90 compared to 100 nationally. In terms of local business, Tilton has several companies such as True Value Hardware and Amoco Gas Station providing services to its residents. The overall cost of living in Tilton is much lower than the national average which makes it an attractive option for families looking for an affordable place to live.
Tilton has an unemployment rate of 6.9%. The US average is 6.0%.
Tilton has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Tilton
- The Sales Tax Rate for Tilton is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Tilton 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 Tilton
- The average income of a Tilton resident is $20,269 a year. The US average is $28,555 a year.
- The Median household income of a Tilton resident is $46,467 a year. The US average is $69,021 a year.