Arrowsmith, IL is a small town located in McLean County with a population of around 528 people. This quaint town offers much in terms of living expenses, with 2 Bedroom Rent coming in at just $1,120 compared to the US average of $1,430. Grocery Cost Index here is also lower than the US average, coming in at 93 versus 100 making it an affordable place to live.
The town is home to several local businesses such as Arrowsmith Country Market, Firehouse Pizza & Pub and Archer's Auto Repair. Each business offers something unique to Arrowsmith and its residents alike. With such low living costs, residents are able to make their money stretch further as they support their local businesses.
Arrowsmith (zip 61722) has an unemployment rate of 5.0%. The US average is 6.0%.
Arrowsmith (zip 61722) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Arrowsmith (zip 61722)
- The Sales Tax Rate for Arrowsmith (zip 61722) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Arrowsmith (zip 61722) 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 Arrowsmith (zip 61722)
- The average income of a Arrowsmith (zip 61722) resident is $25,097 a year. The US average is $28,555 a year.
- The Median household income of a Arrowsmith (zip 61722) resident is $76,806 a year. The US average is $69,021 a year.