Yates City, IL is a small town located in Knox County, Illinois. The city has a population of just over 500 people and offers a quiet, rural atmosphere. With an average 2 bedroom rent of $750 and a Grocery Cost Index of 92 versus 100 in the US, it is clear that Yates City offers a much lower cost of living than other parts of the United States. Local companies such as Ye World Insurance Services LLC offer employment opportunities in the area for those looking to settle down into a more rural lifestyle. Compared to other cities around the country, Yates City offers an affordable and convenient way to live with low housing costs and grocery prices.
Yates City has an unemployment rate of 7.5%. The US average is 6.0%.
Yates City has seen the job market decrease by -0.9% 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 Yates City
- The Sales Tax Rate for Yates City is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Yates City 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 Yates City
- The average income of a Yates City resident is $19,091 a year. The US average is $28,555 a year.
- The Median household income of a Yates City resident is $54,167 a year. The US average is $69,021 a year.