Economy in Magnolia, Illinois
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Economy
| Unemployment Rate | 11.90% | 9.10% |
| Recent Job Growth | -2.27% | -0.12% |
| Future Job Growth | 23.56% | 31.25% |
| Sales Taxes | 6.25% | 6.80% |
| Income Taxes | 3.00% | 6.25% |
| Income per Cap. | $27,771 | $27,067 |
| Household Income | $64,811 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 4.59% | 12.10% |
| Income between 15K and 25K | 11.01% | 10.18% |
| Income between 25K and 35K | 8.26% | 10.56% |
| Income between 35K and 50K | 12.84% | 14.98% |
| Income between 50K and 75K | 22.94% | 19.53% |
| Income between 75K and 100K | 23.85% | 12.52% |
| Income between 100K and 150K | 11.93% | 12.14% |
| Income between 150K and 250K | 2.75% | 3.91% |
| Income between 250K and 500K | 0.92% | 3.34% |
| Income greater than 500K | 0.92% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 5.26% | 13.81% |
| Professional and Related Occupations | 12.50% | 22.68% |
| Service | 15.79% | 14.51% |
| Sales and Office | 20.39% | 25.22% |
| Farming, Fishing, and Forestry | 4.61% | 0.68% |
| Construction, Extraction, and Maintenance | 10.53% | 9.37% |
| Production, Transportation, and Material Moving | 32.24% | 15.86% |
The unemployment rate in Magnolia, IL, is 11.90%, with job growth of -2.27%. Future job growth over the next ten years is predicted to be 23.56%.
Magnolia, IL Taxes
Magnolia, IL,sales tax rate is 6.25%. Income tax is 3.00%.
Magnolia, IL Income and Salaries
The income per capita is $27,771, which includes all adults and children. The median household income is $64,811.
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