Economy in Belvidere township, Illinois
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Economy
| Unemployment Rate | 15.50% | 9.10% |
| Recent Job Growth | -2.61% | -0.12% |
| Future Job Growth | 19.28% | 31.25% |
| Sales Taxes | 6.75% | 6.80% |
| Income Taxes | 3.00% | 6.25% |
| Income per Cap. | $24,917 | $27,067 |
| Household Income | $54,454 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 11.18% | 12.10% |
| Income between 15K and 25K | 9.25% | 10.18% |
| Income between 25K and 35K | 10.53% | 10.56% |
| Income between 35K and 50K | 15.38% | 14.98% |
| Income between 50K and 75K | 21.17% | 19.53% |
| Income between 75K and 100K | 14.02% | 12.52% |
| Income between 100K and 150K | 11.35% | 12.14% |
| Income between 150K and 250K | 3.11% | 3.91% |
| Income between 250K and 500K | 3.52% | 3.34% |
| Income greater than 500K | 0.49% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 11.45% | 13.81% |
| Professional and Related Occupations | 18.30% | 22.68% |
| Service | 9.56% | 14.51% |
| Sales and Office | 27.98% | 25.22% |
| Farming, Fishing, and Forestry | 0.30% | 0.68% |
| Construction, Extraction, and Maintenance | 10.61% | 9.37% |
| Production, Transportation, and Material Moving | 31.87% | 15.86% |
The unemployment rate in Belvidere township, IL, is 15.50%, with job growth of -2.61%. Future job growth over the next ten years is predicted to be 19.28%.
Belvidere township, IL Taxes
Belvidere township, IL,sales tax rate is 6.75%. Income tax is 3.00%.
Belvidere township, IL Income and Salaries
The income per capita is $24,917, which includes all adults and children. The median household income is $54,454.
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