Carthage, IL Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
\nCarthage, IL is a small city located in Illinois, known for its affordability and friendly environment. The average rent for a 2-bedroom apartment in Carthage is $770, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index (GCI) in Carthage is 93 versus 100 in the US, making it an affordable place to live.
Those looking to relocate to Carthage have access to a variety of local companies that span numerous industries. Reisch Beverage Company and Elco Industries are examples of family-owned businesses that have been operating for decades. Additionally, there are several newer companies such as Froomz that specialize in online event booking services and KEMCAL which offers custom manufacturing solutions.
All in all, Carthage provides an excellent quality of life with plenty of job opportunities at a low cost. With great resources available both locally and online, many choose to call this city their home.

Carthage has an unemployment rate of 5.3%. The US average is 6.0%.

Carthage has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.

Tax Rates for Carthage
- The Sales Tax Rate for Carthage is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Carthage 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 Carthage
- The average income of a Carthage resident is $24,015 a year. The US average is $28,555 a year.
- The Median household income of a Carthage resident is $68,654 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarthage, IllinoisUnited States
  5.36
  -6.5%-6.2%
  17.2%33.5%
  6.3%6.2%
  5.0%4.6%
  $37,307$37,638
  $68,654$69,021
  $95,000$85,028
  Population by Occupation
  7.0%1.2%
  0.0%0.5%
  2.8%6.8%
  9.0%10.0%
  2.5%2.5%
  18.9%11.0%
  2.4%4.8%
  0.6%0.8%
  1.3%1.9%
  8.8%4.7%
  0.0%1.9%
  3.3%7.6%
  0.0%0.1%
  2.0%4.2%
  12.8%9.3%
  17.5%14.0%
  1.1%2.1%
  3.4%7.0%
  1.8%4.8%
  4.8%4.7%
Health
Compare Carthage, IL
cost of living
Compare food, housing, utilities, and more in Carthage, Illinois to any other city in the US.