Walnut Hill, IL is an excellent place to live with a wide range of amenities and activities available for residents. The average two bedroom rent in Walnut Hill is $790 per month, which is much cheaper than the national average of $1,430 per month. Additionally, the Grocery Cost Index in Walnut Hill is 93 versus 100 in the US, making it cheaper to buy groceries than other parts of the country. The area also has multiple companies that offer job opportunities such as Walmart, Kroger, Supervalu and many more. These local businesses make it easier for residents to find employment opportunities nearby. In comparison to other areas of the country, Walnut Hill has a lower cost of living which makes it an ideal place to settle down.
Walnut Hill has an unemployment rate of 6.2%. The US average is 6.0%.
Walnut Hill 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 Walnut Hill
- The Sales Tax Rate for Walnut Hill is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Walnut Hill 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 Hill
- The average income of a Walnut Hill resident is $15,788 a year. The US average is $28,555 a year.
- The Median household income of a Walnut Hill resident is $34,250 a year. The US average is $69,021 a year.