The small village of Tonica, IL (population 61370) is an ideal place to live for those who are looking for a peaceful atmosphere with an affordable cost of living. Renting a two bedroom apartment in the area will cost you around $880, significantly lower than the US average which is $1430. The Grocery Cost Index in Tonica is 93, compared to 100 in the US. This means that most groceries will be slightly cheaper here than in other parts of the United States. There are also many amenities available near Tonica such as grocery stores, hospitals, schools, banks, and restaurants. Local restaurants like the Tonica Tap Room and Brewer's Restaurant offer great food at reasonable prices, while local banks such as First National Bank provide great banking services to the community. All these factors combined make Tonica an attractive place to live with an excellent cost of living index.
Tonica (zip 61370) has an unemployment rate of 7.3%. The US average is 6.0%.
Tonica (zip 61370) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Tonica (zip 61370)
- The Sales Tax Rate for Tonica (zip 61370) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Tonica (zip 61370) 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 Tonica (zip 61370)
- The average income of a Tonica (zip 61370) resident is $27,372 a year. The US average is $28,555 a year.
- The Median household income of a Tonica (zip 61370) resident is $76,053 a year. The US average is $69,021 a year.