Williamsfield, IL is an affordable place to live. The typical 2 bedroom rent of $770 is significantly lower than the US average of $1,430. Furthermore, groceries are also cheaper in Williamsfield with the Grocery Cost Index coming in at 91 compared to 100 across the rest of the country. Local businesses such as Joe's Music Store, The Good Eats Diner and Williamsfield Lumber supply employment opportunities to many residents. There are countless other businesses that make up this small town and offer its citizens a range of services and products.
Williamsfield has an unemployment rate of 7.5%. The US average is 6.0%.
Williamsfield has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Williamsfield
- The Sales Tax Rate for Williamsfield is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Williamsfield 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 Williamsfield
- The average income of a Williamsfield resident is $35,261 a year. The US average is $37,638 a year.
- The Median household income of a Williamsfield resident is $76,250 a year. The US average is $69,021 a year.