Toluca, IL is a small city located in Marshall County, Illinois. The cost of living in Toluca is relatively lower than the US average; specifically, rental rates for 2 bedroom apartments are $760 compared to the US average of $1,430 and local grocery costs index at 92 versus 100 nationally. There are many local businesses that call Toluca home, such as Park Lane Foods, Toluca Tire Center, and Route 116 Antiques & Collectibles. Residents enjoy shopping at these family-owned establishments and take advantage of the affordable prices that they offer. With its close-knit community and low cost of living, Toluca is a great place to call home.
Toluca has an unemployment rate of 6.9%. The US average is 6.0%.
Toluca has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Toluca
- The Sales Tax Rate for Toluca is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Toluca 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 Toluca
- The average income of a Toluca resident is $25,359 a year. The US average is $28,555 a year.
- The Median household income of a Toluca resident is $52,292 a year. The US average is $69,021 a year.