Effingham, IL Metro Area is an ideal place to live for those looking for a lower cost of living than the national average. 2 bedroom rent in the area is $770 versus the US average of $1,430, so it's significantly less expensive. Additionally, the Grocery Cost Index in Effingham is 94 versus 100 in the US, a further indication that living costs are lower. This makes it an ideal location for families and young professionals looking to save money while enjoying all that the area has to offer. Local companies in Effingham include Crossroads Bank, St. Anthony's Memorial Hospital, and HSHS St. Anthony's Memorial Hospital Wellness Center. Other renowned local businesses include Huffman’s Market, Beasley’s Tree Service & Landscaping and Wabash Valley Service Company.
Effingham Metro Area has an unemployment rate of 4.5%. The US average is 6.0%.
Effingham Metro Area has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Effingham Metro Area
- The Sales Tax Rate for Effingham Metro Area is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Effingham Metro Area 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 Effingham Metro Area
- The average income of a Effingham Metro Area resident is $34,440 a year. The US average is $37,638 a year.
- The Median household income of a Effingham Metro Area resident is $65,590 a year. The US average is $69,021 a year.