Woodson, IL Economy


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Woodson, IL is a small town located in the state of Illinois. It has a population of around 5,000 people and is an affordable place to live. The average 2 bedroom rent in Woodson is significantly lower than the US average at $790 per month, while groceries are also slightly cheaper as indicated by a grocery cost index of 92 versus 100 in the US. Some local companies that can be found in Woodson include Country Quick Stop, C&R Repair Services LLC, Woodson Discount Grocery, and DC Automotive & Performance. These businesses offer excellent services and products to their community.

Woodson has an unemployment rate of 5.5%. The US average is 6.0%.

Woodson has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.

Tax Rates for Woodson
- The Sales Tax Rate for Woodson is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Woodson 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 Woodson
- The average income of a Woodson resident is $29,577 a year. The US average is $28,555 a year.
- The Median household income of a Woodson resident is $61,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWoodson, IllinoisUnited States
  5.56
  -7.0%-6.2%
  17.7%33.5%
  7.3%6.2%
  5.0%4.6%
  $31,004$37,638
  $61,250$69,021
  $75,250$85,028
  Population by Occupation
  3.3%1.2%
  0.0%0.5%
  0.8%6.8%
  11.2%10.0%
  3.3%2.5%
  10.0%11.0%
  3.3%4.8%
  0.0%0.8%
  0.0%1.9%
  8.7%4.7%
  1.2%1.9%
  1.7%7.6%
  0.0%0.1%
  2.1%4.2%
  20.3%9.3%
  17.0%14.0%
  2.5%2.1%
  1.7%7.0%
  2.5%4.8%
  10.4%4.7%
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