Waverly, IL is an idyllic small town located in the Midwest. It offers a peaceful atmosphere with plenty of local businesses to explore such as Brown's Feed & Pet Supply, Waverly Floral & Gifts, and J&J Automotive Repair. The cost of living is quite affordable; two bedroom rent is $800 which is much lower than the national average at $1,430. Similarly, grocery costs are 91 compared to 100 nationally. This makes Waverly an attractive place for those looking for a better quality of life without breaking the bank.
Waverly has an unemployment rate of 5.5%. The US average is 6.0%.
Waverly has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Waverly
- The Sales Tax Rate for Waverly is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Waverly 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 Waverly
- The average income of a Waverly resident is $26,839 a year. The US average is $37,638 a year.
- The Median household income of a Waverly resident is $48,125 a year. The US average is $69,021 a year.