Tiskilwa, IL is a small town with a population of roughly 1,000 residents. It is a rural area near the Illinois-Iowa border known for its beautiful landscapes and pleasant atmosphere. The cost of living in Tiskilwa is relatively low compared to other parts of the state. 2 Bedroom Rent here is only $810 whereas the US average for rent in this size unit is $1,430. Additionally, grocery costs are considerably lower at 92 on the Grocery Cost Index versus 100 in the US.
Tiskilwa offers businesses such as Anderson Grain & Seed Co., JMS Farm Equipment LLC, and L&L Landscaping & Excavating, Inc. These companies provide employment for many locals and help to support the economy of Tiskilwa.
Tiskilwa has an unemployment rate of 6.3%. The US average is 6.0%.
Tiskilwa has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Tiskilwa
- The Sales Tax Rate for Tiskilwa is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Tiskilwa 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 Tiskilwa
- The average income of a Tiskilwa resident is $23,497 a year. The US average is $37,638 a year.
- The Median household income of a Tiskilwa resident is $44,226 a year. The US average is $69,021 a year.