Chatham, IL is a small town located in central Illinois. It has a population of 11,000 people, but offers big city amenities. It is home to several local businesses such as Chatham Pharmacy, The Cabinet Shop, and Holman Pottery. The rent for 2-bedroom apartments in Chatham is much lower than the average rent in the US at $1,160 compared to $1,430 respectively. Grocery Cost Index in Chatham is also lower than the US average at 98 versus 100 respectively. Overall, Chatham offers a low cost of living compared to other cities across the country.
Chatham has an unemployment rate of 6.3%. The US average is 6.0%.
Chatham has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Chatham
- The Sales Tax Rate for Chatham is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Chatham 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 Chatham
- The average income of a Chatham resident is $32,234 a year. The US average is $28,555 a year.
- The Median household income of a Chatham resident is $95,310 a year. The US average is $69,021 a year.