Vermilion, IL is a great place to live in with its affordable rent and cost of living. The average two-bedroom rent in Vermilion is $690; much lower than the national average of $1,430. Living costs are relatively low compared to the US with a Grocery Cost Index of 90 versus the US 100.
There are plenty of local companies to explore in Vermilion such as C&L Auto Repair, a full-service auto repair shop offering services such as oil changes, brakes, suspension work, and more. Established in 2007, C&L Auto Repair has been providing reliable service for over 13 years. There's also Gary Smith Construction Inc., a family-owned business specializing in home building and concrete services. With years of experience behind them and an expert team of professionals, they can handle any construction or renovation project you need done!
Vermilion (zip 61955) has an unemployment rate of 4.5%. The US average is 6.0%.
Vermilion (zip 61955) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Vermilion (zip 61955)
- The Sales Tax Rate for Vermilion (zip 61955) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Vermilion (zip 61955) 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 Vermilion (zip 61955)
- The average income of a Vermilion (zip 61955) resident is $16,481 a year. The US average is $28,555 a year.
- The Median household income of a Vermilion (zip 61955) resident is $51,875 a year. The US average is $69,021 a year.