Tremont, IL is a small city located in central Illinois. The cost of living there is quite affordable, as a two bedroom rental will only cost you $790 per month. This is well below the national average of $1,430 for two bedroom rentals. Additionally, groceries in Tremont are 3% cheaper than the national average. Local companies in Tremont include American Eagle Outfitters, Target, and PetSmart. Other services offered by local businesses include auto repair shop Triple A Auto Care and restaurant Tin Roof Grill & Bar. Residents of Tremont can take advantage of the low cost of living to enjoy all these amenities without breaking the bank.
Tremont has an unemployment rate of 5.7%. The US average is 6.0%.
Tremont has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Tremont
- The Sales Tax Rate for Tremont is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Tremont 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 Tremont
- The average income of a Tremont resident is $36,588 a year. The US average is $37,638 a year.
- The Median household income of a Tremont resident is $68,295 a year. The US average is $69,021 a year.