Towanda, IL is a small town located in McLean County with a population of 61776. Rent for a two bedroom apartment is about $1,230 per month, which is slightly lower than the US average of $1,430. The Grocery Cost Index in Towanda is 97 compared to the national average of 100. Local businesses in Towanda include: T&T Food Mart, Casey's General Store, Walgreens Pharmacy, True Value Hardware and H & R Block. There are also several local restaurants such as King's Pizza & Grinders, Gentry's Country Cafe and China Garden Restaurant. With its low cost of living and abundance of local amenities, Towanda offers an ideal place to live or visit.
Towanda (zip 61776) has an unemployment rate of 5.0%. The US average is 6.0%.
Towanda (zip 61776) has seen the job market decrease by -6.8% 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 Towanda (zip 61776)
- The Sales Tax Rate for Towanda (zip 61776) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Towanda (zip 61776) 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 Towanda (zip 61776)
- The average income of a Towanda (zip 61776) resident is $54,018 a year. The US average is $37,638 a year.
- The Median household income of a Towanda (zip 61776) resident is $110,811 a year. The US average is $69,021 a year.