Virgil, IL Economy


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Virgil, IL is a quaint town located in the heart of Illinois. It is a great place to call home with its affordable two-bedroom rental rates for only $1,810 compared to the US average of $1,430. Additionally, grocery costs are just slightly higher than the national average at 97 index versus 100 with many local stores providing necessary goods and services.
Virgil offers a variety of cultural activities and amenities such as the Virgil Public Library which houses an array of books and magazines from around the world. The town also boasts some fantastic restaurants like Zaboom’s Bar and Grill and Guacamole’s Mexican Restaurant. For those who love outdoor activities, there’s plenty to explore; from hiking trails to biking paths, Virgil provides something for everyone. There are also various local companies such as Virgil Auto Parts and ABC Electronics Store that provide essential products to locals.

Virgil has an unemployment rate of 7.1%. The US average is 6.0%.

Virgil has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.

Tax Rates for Virgil
- The Sales Tax Rate for Virgil is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Virgil 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 Virgil
- The average income of a Virgil resident is $27,665 a year. The US average is $28,555 a year.
- The Median household income of a Virgil resident is $89,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyVirgil, IllinoisUnited States
  7.16
  -9.1%-6.2%
  30.1%33.5%
  7.0%6.2%
  5.0%4.6%
  $36,697$37,638
  $89,750$69,021
  $105,417$85,028
  Population by Occupation
  8.6%1.2%
  0.0%0.5%
  12.6%6.8%
  18.2%10.0%
  7.1%2.5%
  11.6%11.0%
  3.5%4.8%
  0.0%0.8%
  0.0%1.9%
  3.5%4.7%
  0.0%1.9%
  3.0%7.6%
  0.0%0.1%
  1.5%4.2%
  9.6%9.3%
  5.6%14.0%
  1.5%2.1%
  3.5%7.0%
  8.6%4.8%
  1.5%4.7%
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