Vernon, IL is a small city located in the southwestern part of the state. It has a friendly atmosphere and a low cost of living. The average 2 bedroom rent in Vernon, IL is $710 which is significantly lower than the US average of $1,430. In addition to housing costs, grocery prices in Vernon are quite low as well with an index score of 95 versus 100 in the US. A variety of local businesses are found throughout the city, and many offer competitively priced services and products. For example, there is an auto repair shop called D&S Automotive that offers excellent customer service at affordable rates. There is also a Walmart Supercenter that provides shoppers with a wide selection of items at competitive prices. All these factors contribute to making living in Vernon more desirable and affordable for its citizens.
Vernon has an unemployment rate of 6.2%. The US average is 6.0%.
Vernon has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Vernon
- The Sales Tax Rate for Vernon is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Vernon 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 Vernon
- The average income of a Vernon resident is $16,055 a year. The US average is $28,555 a year.
- The Median household income of a Vernon resident is $47,857 a year. The US average is $69,021 a year.