Watson, IL is a small town located in Illinois. It is known for its low cost of living that includes an affordable rent of $800 for a two-bedroom apartment, which is lower than the US average of $1,430. Additionally, the grocery cost index in Watson is 93 compared to the US average of 100. The town also offers many local businesses and amenities such as cafes, restaurants, stores, parks and more. Residents love spending time outdoors at the many parks such as Wilcox Park or visiting one of the classic cafes like Jilly Bean’s Coffee House. Active locals can also find plenty to do at the Downtown Fitness Center and Watson Country Club. With its low cost of living and abundance of activities and attractions, Watson is an ideal place to call home.
Watson has an unemployment rate of 4.5%. The US average is 6.0%.
Watson has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Watson
- The Sales Tax Rate for Watson is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Watson 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 Watson
- The average income of a Watson resident is $16,497 a year. The US average is $28,555 a year.
- The Median household income of a Watson resident is $63,000 a year. The US average is $69,021 a year.