Topeka, IL is a great place to live for those looking for an affordable cost of living. Two-bedroom rental units in Topeka average around $670 a month, compared to the US average of $1,430. Additionally, the Grocery Cost Index in Topeka is 91 versus 100 for the US, making it another attractive option for those looking to save money. Popular local companies include Walmart, Jewel-Osco, and Walgreens. All in all, Topeka offers an attractive opportunity to stretch your dollar further than most other cities.
Topeka has an unemployment rate of 6.3%. The US average is 6.0%.
Topeka has seen the job market decrease by -9.0% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Topeka
- The Sales Tax Rate for Topeka is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Topeka 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 Topeka
- The average income of a Topeka resident is $27,981 a year. The US average is $37,638 a year.
- The Median household income of a Topeka resident is $58,750 a year. The US average is $69,021 a year.