Walnut, IL is a wonderful place to live with plenty of attractions and amenities. The cost of living in Walnut, IL is lower than the national average which makes it very attractive for those looking for affordable living. Rent for two bedrooms is $790 compared to an average of $1430 throughout the United States. Additionally, the Grocery Cost Index in Walnut, IL is 92 versus 100 in the US making groceries more affordable as well. Local businesses include Walmart Supercenter and Casey's General Store that offer residents convenient shopping options. For those who like outdoor activities there are plenty of parks like Kellar Park and Deer Grove Forest Preserve that offer hiking trails and picnic spots. All in all, Walnut offers a great cost of living and lively atmosphere making it a great place to live!
Walnut has an unemployment rate of 6.3%. The US average is 6.0%.
Walnut 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 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Walnut
- The Sales Tax Rate for Walnut is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Walnut 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 Walnut
- The average income of a Walnut resident is $24,031 a year. The US average is $28,555 a year.
- The Median household income of a Walnut resident is $47,367 a year. The US average is $69,021 a year.