Economy in Elgin, Illinois
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Economy
| Unemployment Rate | 12.80% | 9.10% |
| Recent Job Growth | -1.53% | -0.12% |
| Future Job Growth | 24.14% | 31.25% |
| Sales Taxes | 7.25% | 6.80% |
| Income Taxes | 3.00% | 6.25% |
| Income per Cap. | $24,754 | $27,067 |
| Household Income | $62,391 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 6.85% | 12.10% |
| Income between 15K and 25K | 7.40% | 10.18% |
| Income between 25K and 35K | 8.80% | 10.56% |
| Income between 35K and 50K | 15.13% | 14.98% |
| Income between 50K and 75K | 24.45% | 19.53% |
| Income between 75K and 100K | 16.08% | 12.52% |
| Income between 100K and 150K | 15.20% | 12.14% |
| Income between 150K and 250K | 3.34% | 3.91% |
| Income between 250K and 500K | 2.40% | 3.34% |
| Income greater than 500K | 0.35% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 12.74% | 13.81% |
| Professional and Related Occupations | 17.90% | 22.68% |
| Service | 15.64% | 14.51% |
| Sales and Office | 23.40% | 25.22% |
| Farming, Fishing, and Forestry | 0.19% | 0.68% |
| Construction, Extraction, and Maintenance | 8.70% | 9.37% |
| Production, Transportation, and Material Moving | 22.17% | 15.86% |
The unemployment rate in Elgin, IL, is 12.80%, with job growth of -1.53%. Future job growth over the next ten years is predicted to be 24.14%.
Elgin, IL Taxes
Elgin, IL,sales tax rate is 7.25%. Income tax is 3.00%.
Elgin, IL Income and Salaries
The income per capita is $24,754, which includes all adults and children. The median household income is $62,391.
Elgin Economy SperlingViews
My Town... Elgin [:: I have lived in Elgin my whole life and it is very sad to read these comments about my town.... I'm a senior at South Elgin High School and I will be graduating this... (read more)Not here long enough to have much of an opinion, b: This is a pretty friendly place. I'm a 35 y/o single woman, and agnostic, so the fact that most people here are married and religious is a bit... well... it's just not... (read more)The school system in Elgin is poor: Below average test scores, drug/gang problems, apathetic teachers, and overcrowding are reasons that made us home school our kids. At 6th grade, we ponied up big time... (read more)Have an opinion about Elgin? Leave a commentTo See All SperlingViews for Elgin Click Here
