Wamac, IL is a small rural town located in Marion County, Illinois. The cost of living in this area is quite affordable with 2 bedroom rent costing $870 per month. This is significantly less than the US average which is $1,430 for a 2 bedroom apartment. Groceries are also cheaper compared to the US average with an index of 92 compared to 100. Local companies based in Wamac include MarMac Industries, Wamac Manufacturing Company, and Lasco Fibre. Wamac also has several family owned restaurants such as Donut King and Kelly's Restaurant that offer delicious homemade foods at reasonable prices. With an affordable cost of living and local businesses available, living in Wamac can be an enjoyable experience.
Wamac has an unemployment rate of 3.7%. The US average is 6.0%.
Wamac 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 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Wamac
- The Sales Tax Rate for Wamac is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Wamac 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 Wamac
- The average income of a Wamac resident is $14,257 a year. The US average is $28,555 a year.
- The Median household income of a Wamac resident is $34,792 a year. The US average is $69,021 a year.