Tonica, IL is a small town located in LaSalle County. It is home to just over 1000 people making it an ideal location for those looking for a quiet, close-knit community. The cost of living in Tonica is relatively low compared to other areas in the US, with 2-bedroom rent averaging at $880 and the Grocery Cost Index at 93. Tonica's downtown area offers plenty of local businesses such as Tonica Family Pharmacy, Millers Insurance Agency and Shunda’s Diner. The town is best known for its scenic views of nature with plenty of trails to enjoy hiking or biking around nearby lakes and streams.
Tonica has an unemployment rate of 7.3%. The US average is 6.0%.
Tonica has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Tonica
- The Sales Tax Rate for Tonica is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Tonica 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 Tonica
- The average income of a Tonica resident is $24,376 a year. The US average is $28,555 a year.
- The Median household income of a Tonica resident is $58,958 a year. The US average is $69,021 a year.