Wyanet, IL is a small town located in Bureau County. It has a population of 866, according to the last census. Despite its small size, Wyanet offers many amenities for its residents including locally owned businesses such as The Drover’s Inn Restaurant & Bar, T-Bonz BBQ Pit & Catering and Dickey’s Auto Repair. The cost of living in Wyanet is quite low compared to other towns in the area. The average price for a 2 bedroom rental unit is $710 whereas US average is nearly double that at $1,430. Similarly, the Grocery Cost Index in Wyanet is 91 compared to 100 across the U.S., making it an affordable option for those looking to save money on living expenses.
Wyanet has an unemployment rate of 6.3%. The US average is 6.0%.
Wyanet has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Wyanet
- The Sales Tax Rate for Wyanet is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Wyanet 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 Wyanet
- The average income of a Wyanet resident is $17,187 a year. The US average is $28,555 a year.
- The Median household income of a Wyanet resident is $49,950 a year. The US average is $69,021 a year.