Mattoon, IL Economy


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Mattoon, IL is a small city located in central Illinois. Despite its population of 18,555 people according to the 2019 census, it offers affordable housing with a 2 bedroom rent cost of $740 compared to the US average of $1,430. It's also relatively inexpensive when it comes to grocery costs with an index score of 92 compared to the US average of 100. Mattoon is home to several local businesses such as Mattoon Regional Airport Authority, Tricorbraun Packaging Solutions and Lundstrom Insurance. Other attractions include Douglas-Hart Nature Center which features hiking trails and picnic areas as well as Hasse Arena which hosts sporting events and concerts throughout the year.

Mattoon has an unemployment rate of 5.6%. The US average is 6.0%.

Mattoon has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.

Tax Rates for Mattoon
- The Sales Tax Rate for Mattoon is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Mattoon 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 Mattoon
- The average income of a Mattoon resident is $23,034 a year. The US average is $28,555 a year.
- The Median household income of a Mattoon resident is $41,320 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMattoon, IllinoisUnited States
  5.66
  -6.7%-6.2%
  33.3%33.5%
  7.8%6.2%
  5.0%4.6%
  $25,392$37,638
  $41,320$69,021
  $57,719$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  6.1%6.8%
  20.6%10.0%
  1.3%2.5%
  13.8%11.0%
  3.2%4.8%
  0.5%0.8%
  2.4%1.9%
  3.4%4.7%
  1.0%1.9%
  3.1%7.6%
  0.0%0.1%
  3.3%4.2%
  8.5%9.3%
  14.6%14.0%
  0.8%2.1%
  7.5%7.0%
  6.9%4.8%
  2.2%4.7%
Reviews for Mattoon
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Over 14 years ago

If you enjoy small town living it is as good as any other small  More

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