Viola, IL is a small town located in the Midwest with a population of just over 1,000 people. It is known for its low cost of living; the average 2 bedroom rent is only $780 compared to the US average of $1,430. The grocery cost index in Viola is much lower than other places in America at 94 as opposed to 100. Viola has many local businesses that make up its economy including an antique store, hardware store, and several restaurants like Pizza Hut and Papa Johns. There are also other small businesses such as a barbershop and beauty salon. With its low cost of living and vibrant local business community, Viola is an ideal place to call home.
Viola has an unemployment rate of 6.4%. The US average is 6.0%.
Viola has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Viola
- The Sales Tax Rate for Viola is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Viola 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 Viola
- The average income of a Viola resident is $29,434 a year. The US average is $28,555 a year.
- The Median household income of a Viola resident is $64,800 a year. The US average is $69,021 a year.