Volo, IL is a small community located in the state of Illinois. It has a population of around 5,000 people and is one of the fastest growing towns in the area. The median 2 bedroom rent is $1,500 which is cheaper than the US median rent of $1,430. Grocery costs are more affordable at 95 versus 100 in the US. The town offers an array of businesses including local stores like Volo Hardware and Greenview Farms inc., as well as many restaurants and pubs. There are also plenty of outdoor activities to do such as fishing, camping and hiking. Families also enjoy spending time at a nearby theme park called The Great America amusement park, or just relaxing by one of the local lakes. Volo, IL is a great place to live with plenty to offer its residents.
Volo has an unemployment rate of 6.4%. The US average is 6.0%.
Volo has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 32.8%, which is lower than the US average of 33.5%.
Tax Rates for Volo
- The Sales Tax Rate for Volo is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Volo 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 Volo
- The average income of a Volo resident is $37,269 a year. The US average is $28,555 a year.
- The Median household income of a Volo resident is $109,778 a year. The US average is $69,021 a year.