Economy in Channel Lake, Illinois
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Economy
| Unemployment Rate | 10.50% | 9.10% |
| Recent Job Growth | -0.84% | -0.12% |
| Future Job Growth | 27.82% | 31.25% |
| Sales Taxes | 6.50% | 6.80% |
| Income Taxes | 3.00% | 6.25% |
| Income per Cap. | $31,698 | $27,067 |
| Household Income | $64,382 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 8.67% | 12.10% |
| Income between 15K and 25K | 5.23% | 10.18% |
| Income between 25K and 35K | 5.99% | 10.56% |
| Income between 35K and 50K | 16.96% | 14.98% |
| Income between 50K and 75K | 22.70% | 19.53% |
| Income between 75K and 100K | 16.84% | 12.52% |
| Income between 100K and 150K | 16.07% | 12.14% |
| Income between 150K and 250K | 2.68% | 3.91% |
| Income between 250K and 500K | 4.08% | 3.34% |
| Income greater than 500K | 0.77% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 9.09% | 13.81% |
| Professional and Related Occupations | 17.00% | 22.68% |
| Service | 11.82% | 14.51% |
| Sales and Office | 26.36% | 25.22% |
| Farming, Fishing, and Forestry | 0.64% | 0.68% |
| Construction, Extraction, and Maintenance | 21.64% | 9.37% |
| Production, Transportation, and Material Moving | 22.09% | 15.86% |
The unemployment rate in Channel Lake, IL, is 10.50%, with job growth of -0.84%. Future job growth over the next ten years is predicted to be 27.82%.
Channel Lake, IL Taxes
Channel Lake, IL,sales tax rate is 6.50%. Income tax is 3.00%.
Channel Lake, IL Income and Salaries
The income per capita is $31,698, which includes all adults and children. The median household income is $64,382.
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