Freeport, IL is a small city located in northern Illinois and is home to several local companies and amenities. Rent for two-bedroom apartments is relatively affordable, at $680 compared to the US average of $1,430. Grocery costs are also more affordable in Freeport with an index score of 89 compared to the nearest US index score of 100. Popular local companies include Freeport Customs and Illini State Bank, while popular amenities include Krape Park which offers various recreational activities such as biking trails, playgrounds, and picnic areas. In addition, downtown Freeport offers a variety of shopping and dining options for residents and visitors alike.
Freeport has an unemployment rate of 7.9%. The US average is 6.0%.
Freeport has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Freeport
- The Sales Tax Rate for Freeport is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Freeport 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 Freeport
- The average income of a Freeport resident is $20,847 a year. The US average is $28,555 a year.
- The Median household income of a Freeport resident is $41,831 a year. The US average is $69,021 a year.