Rio, IL is a great place to live with an affordable cost of living. With a two bedroom rent costing just $830 compared to the national average of $1,430, residents can save hundreds each month on rent. Grocery costs in Rio are also much more affordable than the US, with an index score of 93 compared to 100. All these benefits make Rio a great place to settle down and start a new life.
The small town of Rio offers its residents plenty of attractions and businesses for entertainment and convenience. Popular local businesses include Joe's Sporting Goods for all your outdoor needs, Riverfront Bookstore for readers looking for their next great book as well as Big Mike's Pizzeria serving delicious pizzas for lunch or dinner. In addition, there are also several small cafes and shops in the downtown area great for grabbing coffee or doing some shopping. The local community is very friendly and welcoming which makes it easy to settle into the town.
Rio (zip 61472) has an unemployment rate of 7.5%. The US average is 6.0%.
Rio (zip 61472) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Rio (zip 61472)
- The Sales Tax Rate for Rio (zip 61472) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Rio (zip 61472) 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 Rio (zip 61472)
- The average income of a Rio (zip 61472) resident is $35,776 a year. The US average is $37,638 a year.
- The Median household income of a Rio (zip 61472) resident is $64,250 a year. The US average is $69,021 a year.