Braceville, IL is a small town located in Grundy County with a population of under 800 people. It is an affordable place to live based on the 2 Bedroom Rent of $1,170, which is significantly lower than the US average 2 Bedroom rent of $1,430. The Grocery Cost Index in Braceville is also quite low at 95 versus 100 in the US, making it an attractive option for those looking for more affordable living costs. Local businesses in Braceville include the Main Street Pizza & More restaurant, First National Bank, and Miller's Auto Repair. With its low cost of living index and afforable housing prices, Braceville is a great option for those trying to save money while still enjoying small-town living.
Braceville (zip 60407) has an unemployment rate of 6.6%. The US average is 6.0%.
Braceville (zip 60407) has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Braceville (zip 60407)
- The Sales Tax Rate for Braceville (zip 60407) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Braceville (zip 60407) 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 Braceville (zip 60407)
- The average income of a Braceville (zip 60407) resident is $29,171 a year. The US average is $37,638 a year.
- The Median household income of a Braceville (zip 60407) resident is $61,429 a year. The US average is $69,021 a year.