Tovey, IL is a small town in Illinois with a great quality of life. The cost of living in Tovey is quite affordable; the 2 bedroom rent price is only $740 compared to the US average of $1,430. Grocery cost index also stands at 91 versus 100 in the US. In addition to being an affordable place to live, Tovey has many local companies which offer great job opportunities for its residents such as the Lakeview Service Station and Tovey City Hall. The lower cost of living combined with these great job opportunities make Tovey an ideal place to live and work in Illinois.
Tovey has an unemployment rate of 6.3%. The US average is 6.0%.
Tovey has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Tovey
- The Sales Tax Rate for Tovey is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Tovey 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 Tovey
- The average income of a Tovey resident is $20,824 a year. The US average is $28,555 a year.
- The Median household income of a Tovey resident is $79,167 a year. The US average is $69,021 a year.