Varna, IL is a small town located in central Illinois. It offers affordable living with lower than average rent prices and grocery costs. The two bedroom rent in Varna is only $800 compared to the national average of $1,430 making it a desirable place to live for those on a budget. The grocery cost index of 94 versus 100 in the US also supports this idea.
There are many local businesses that make up the tight knit community of Varna including Harvey's Hardware, Smitty's Bakery, and V&M Automotive Repair. With small town charm and friendly locals, there is much to enjoy while residing in this quaint area. Whether you're looking for an outdoor recreational opportunities or simply want to take advantage of the low cost of living, Varna offers something for everyone!
Varna has an unemployment rate of 6.9%. The US average is 6.0%.
Varna has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Varna
- The Sales Tax Rate for Varna is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Varna 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 Varna
- The average income of a Varna resident is $21,655 a year. The US average is $28,555 a year.
- The Median household income of a Varna resident is $63,500 a year. The US average is $69,021 a year.