Wayne City, IL is a pleasant town with many local businesses. The median two bedroom rent in Wayne City, IL is much lower than the national average at $780 versus $1,430 respectively. This makes Wayne City an attractive place for those looking to live affordably. Not only does the city offer affordable housing but the cost of groceries are also below the national average at 93 versus 100 index numbers. Amongst the leading businesses in the area are Jones Electric Company, Smith Automotive Services, and D’s Cafe & Bakery. These companies offer their services and goods to both locals and travelers alike making Wayne City a great place to visit and settle down permanently.
Wayne City has an unemployment rate of 5.4%. The US average is 6.0%.
Wayne City has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.
Tax Rates for Wayne City
- The Sales Tax Rate for Wayne City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wayne City 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 Wayne City
- The average income of a Wayne City resident is $25,879 a year. The US average is $37,638 a year.
- The Median household income of a Wayne City resident is $52,500 a year. The US average is $69,021 a year.