Geneva, IL is a vibrant city located in Kane County along the Fox River. This city has a host of local businesses such as Geneva Lakes Lumber Co., Geneva Ace Hardware, and Fabyan Windmill Museum & Park. The town also offers a variety of restaurants ranging from casual cafes to fine dining experiences. It provides an array of recreational activities like fishing and boating on Fox River as well as outdoor sports and entertainment options at the nearby parks. The cost of living in Geneva, IL is quite reasonable compared to other cities and regions due to low rent prices for two-bedroom apartments (at $1,930) and relatively lower grocery costs (index of 100 versus US national average of 100). This makes the city a great option for those looking for affordable living with plenty of amenities.
Geneva has an unemployment rate of 7.1%. The US average is 6.0%.
Geneva has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Geneva
- The Sales Tax Rate for Geneva is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Geneva 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 Geneva
- The average income of a Geneva resident is $44,003 a year. The US average is $28,555 a year.
- The Median household income of a Geneva resident is $126,759 a year. The US average is $69,021 a year.