Winchester, IL is a city located in Scott County, Illinois with a population of around 1,000 people. It is known for its beautiful environment and strong sense of community. The cost of living in Winchester is very affordable compared to the US as a whole, with median rent for a 2-bedroom home being $770 while the national average is $1,430. Grocery costs are also significantly lower than the national index at 94 compared to 100 for the rest of the country.\n \nThe local economy of Winchester is largely driven by agriculture and small businesses. There are several family-run farms in the area that produce quality products such as corn and soybeans that are then sold to national companies like ADM and Bunge. Local businesses such as WKFS Hardware Store, Dixon's Pharmacy, and Williams' Auto Repair help support families within the town by providing services such as vital medical supplies and automotive repairs at competitive prices. With its proximity to St Louis, Winchester also benefits from tourists who come to visit nearby attractions like Cahokia Mounds State Historic Site or explore stores like Old Town Antique Mall which offers many unique items from all over the world.
Winchester has an unemployment rate of 6.0%. The US average is 6.0%.
Winchester has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 20.2%, which is lower than the US average of 33.5%.
Tax Rates for Winchester
- The Sales Tax Rate for Winchester is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Winchester 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 Winchester
- The average income of a Winchester resident is $23,182 a year. The US average is $28,555 a year.
- The Median household income of a Winchester resident is $50,833 a year. The US average is $69,021 a year.