West Point, IL is a small town located in central Illinois. It is known for its rural charm and beautiful scenery, but it also offers a great range of amenities for those who live there. Residents in West Point enjoy an affordable cost of living with two bedroom rent costing an average of $680 – far below the US rate of $1,430. Grocery costs are also considerably lower than the US average, with a local grocery cost index score of 87 versus 100 nationally.
The town has several locally owned businesses, such as the Westpoint Hardware Store and Gregory's Implement Co., which offer goods and services to the community. Local restaurants like The Black Horse Pub & Grill are popular spots for locals to get together and enjoy a meal. Overall, West Point provides residents with an excellent quality of life due to its low cost of living and friendly atmosphere.
West Point has an unemployment rate of 5.3%. The US average is 6.0%.
West Point has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for West Point
- The Sales Tax Rate for West Point is 6.3%. The US average is 7.3%.
- The Income Tax Rate for West Point 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 West Point
- The average income of a West Point resident is $22,002 a year. The US average is $37,638 a year.
- The Median household income of a West Point resident is $69,000 a year. The US average is $69,021 a year.