Time, IL is a small town located in the Midwest that offers its residents an affordable lifestyle. Average rent for two bedrooms is only $780 per month compared to the national average of $1,430. This makes Time an attractive place to settle down. Ultimately, it is no surprise that many people choose to call Time home due to its affordability. Furthermore, Time also provides locals with food at a fraction of the price of other cities in the US - as evidenced by its Grocery Cost Index rating of 93 against 100 in the US.
In terms of local companies, Time has a few major employers that include Maacom Corporation and Edleson Industries. Both companies provide important services to residents as well as employment opportunities for members of the community. All things considered there are plenty of reasons to move to Time; from its low cost of living and access to quality jobs, this small town is sure to appeal to anyone looking for a peaceful place to settle down or just visit for a while.
Time has an unemployment rate of 4.8%. The US average is 6.0%.
Time has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 13.7%, which is lower than the US average of 33.5%.
Tax Rates for Time
- The Sales Tax Rate for Time is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Time 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 Time
- The average income of a Time resident is $11,312 a year. The US average is $28,555 a year.
- The Median household income of a Time resident is $48,125 a year. The US average is $69,021 a year.