Wayne, IL County is a great place to live for those looking for affordability. The average two bedroom rent in Wayne,IL County is $770 which is significantly lower than the national average of $1,430. Similarly, the grocery cost index in Wayne is 92 compared to the US average of 100. This shows that the cost of living in Wayne, IL County is quite low. The county also boasts many local businesses such as GCM Financial Services, Sears Automotive Center, and Woodside Engineering Company. All these local companies provide employment opportunities and contribute to the growth of this area. There's no doubt that Wayne, IL County provides its residents with great value for their money when it comes to rental costs and basic amenities.
Wayne County has an unemployment rate of 5.4%. The US average is 6.0%.
Wayne County has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.
Tax Rates for Wayne County
- The Sales Tax Rate for Wayne County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wayne County 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 Wayne County
- The average income of a Wayne County resident is $27,267 a year. The US average is $37,638 a year.
- The Median household income of a Wayne County resident is $51,540 a year. The US average is $69,021 a year.