Washburn, IL is a small town that provides its residents with affordable living costs. The average rent for a two-bedroom home in Washburn, IL is $850 compared to the national average of $1,430. In addition, the Grocery Cost Index in Washburn is 93, whereas the index for the United States is 100. This indicates that groceries are more affordable in this town than throughout the country. Furthermore, Washburn has several local small businesses such as The Corner Store and Yocum's Hardware that help to give the town its unique character. Overall, Washburn is a great place to live for anyone looking for an affordable place with a welcoming environment.
Washburn has an unemployment rate of 4.5%. The US average is 6.0%.
Washburn has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 20.8%, which is lower than the US average of 33.5%.
Tax Rates for Washburn
- The Sales Tax Rate for Washburn is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Washburn 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 Washburn
- The average income of a Washburn resident is $21,647 a year. The US average is $28,555 a year.
- The Median household income of a Washburn resident is $49,000 a year. The US average is $69,021 a year.