Ursa, IL is a small village located in Adams county in the state of Illinois. It has a population of roughly 800 people and is known for its friendly people and rural atmosphere. The cost of living here is very low compared to other parts of the country. The median two bedroom rent in Ursa, IL, is only $810 which is significantly lower than the US Median 2 Bedroom Rent which stands at $1,430. Additionally, groceries are also relatively cheap here as evidenced by the Grocery Cost Index in Ursa being 92 versus 100 nationally. There are several local companies that operate in the area such as Ursa Community Farm, Warren's Auto Repair and Ursa Motorsports. All these businesses provide employment opportunities to the locals and contribute to a thriving economy. In conclusion, Ursa, IL offers an affordable cost of living with plenty of local amenities that make it a great place to call home.
Ursa has an unemployment rate of 4.4%. The US average is 6.0%.
Ursa has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Ursa
- The Sales Tax Rate for Ursa is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Ursa 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 Ursa
- The average income of a Ursa resident is $29,542 a year. The US average is $37,638 a year.
- The Median household income of a Ursa resident is $46,429 a year. The US average is $69,021 a year.