Rinard, IL (62878) is a small town in southern Illinois with a population of less than 100. The median two-bedroom rent in Rinard is $680 per month, much lower than the national average of $1,430. This makes Rinard an attractive place for people looking for affordable housing. Additionally, local grocery prices are lower compared to national averages; the grocery cost index in Rinard is 89 versus 100 nationally. \nRinard's economy is largely dependent on local businesses such as Swenson Manufacturing Inc. and R & J Automotive Repair. It also benefits from nearby larger cities like Mt Carmel and Fairfield which provide employment opportunities for locals as well as goods and services not available in the small town. But overall, Rinard's low cost of living and friendly atmosphere make it an ideal place to live if you are looking for a low-cost option with plenty of unique charm.
Rinard (zip 62878) has an unemployment rate of 5.4%. The US average is 6.0%.
Rinard (zip 62878) has seen the job market decrease by -0.3% 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 Rinard (zip 62878)
- The Sales Tax Rate for Rinard (zip 62878) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rinard (zip 62878) 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 Rinard (zip 62878)
- The average income of a Rinard (zip 62878) resident is $33,040 a year. The US average is $28,555 a year.
- The Median household income of a Rinard (zip 62878) resident is $41,643 a year. The US average is $69,021 a year.