Machesney Park, IL is a village located in Winnebago County near Rockford. It has a population of approximately 23,499 people as of 2019. The cost of living in Machesney Park is relatively affordable with average 2 bedroom rent being $1,070 compared to the US average of $1,430 and a grocery cost index of 91 compared to the US average of 100. \nThe village of Machesney Park has many local companies and organizations such as Wallström's Dairy Store, Nelson Automotive, Machesney Towne Center Shopping Center, First United Methodist Church and the Loves Park Police Department. There are also numerous parks and recreational areas nearby that offer outdoor activities for locals including Sportscore Two Complex, Magic Waters Waterpark and Rockcut State Park. With its low cost of living and abundance of local businesses and organizations it makes for an attractive place to live for families throughout the region.
Machesney Park has an unemployment rate of 8.1%. The US average is 6.0%.
Machesney Park has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Machesney Park
- The Sales Tax Rate for Machesney Park is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Machesney Park 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 Machesney Park
- The average income of a Machesney Park resident is $23,786 a year. The US average is $28,555 a year.
- The Median household income of a Machesney Park resident is $65,442 a year. The US average is $69,021 a year.