Vergennes, IL is a small city located in central Illinois. The city has a population of around 2,000 people and is known for its small-town charm. It has a low cost of living with an average two bedroom rent at $810 dollars, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Vergennes is 93 versus 100 in the US. This shows that groceries in Vergennes are typically less expensive than other places. There are several local businesses located in Vergennes such as McBride's Do It Best Home Center, Vergennes Lumber Company, and Custom Fabrication Services Inc. With its low cost of living and abundance of local businesses, residents can enjoy all that Vergennes has to offer without breaking the bank.
Vergennes has an unemployment rate of 5.9%. The US average is 6.0%.
Vergennes has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Vergennes
- The Sales Tax Rate for Vergennes is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Vergennes 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 Vergennes
- The average income of a Vergennes resident is $19,296 a year. The US average is $28,555 a year.
- The Median household income of a Vergennes resident is $50,250 a year. The US average is $69,021 a year.