Woodland, IL is a small town located in rural Illinois. The area has multiple local businesses such as Woodland Farms, a family-run farm selling organic produce and grass-fed meats; Benson's Bakery, a locally-owned bakery offering baked goods; and Woodland Printing, an independent printing company. In addition to the local companies, the cost of living is lower than many other areas. For instance, the average two bedroom rent in Woodland is only $680 per month compared to the US average of $1,430 for two bedrooms. Similarly, the Grocery Cost Index in Woodland is 91 versus 100 in the US. This indicates that groceries are much more affordable in Woodland than elsewhere.
Woodland has an unemployment rate of 5.6%. The US average is 6.0%.
Woodland has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Woodland
- The Sales Tax Rate for Woodland is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Woodland 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 Woodland
- The average income of a Woodland resident is $17,953 a year. The US average is $37,638 a year.
- The Median household income of a Woodland resident is $50,833 a year. The US average is $69,021 a year.