Economy in Milan township, Illinois
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Economy
| Unemployment Rate | 8.40% | 9.10% |
| Recent Job Growth | -0.99% | -0.12% |
| Future Job Growth | 29.62% | 31.25% |
| Sales Taxes | 6.25% | 6.80% |
| Income Taxes | 3.00% | 6.25% |
| Income per Cap. | $26,184 | $27,067 |
| Household Income | $61,457 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 7.05% | 12.10% |
| Income between 15K and 25K | 6.41% | 10.18% |
| Income between 25K and 35K | 8.33% | 10.56% |
| Income between 35K and 50K | 20.51% | 14.98% |
| Income between 50K and 75K | 16.67% | 19.53% |
| Income between 75K and 100K | 18.59% | 12.52% |
| Income between 100K and 150K | 14.74% | 12.14% |
| Income between 150K and 250K | 6.41% | 3.91% |
| Income between 250K and 500K | 1.28% | 3.34% |
| Income greater than 500K | 0.00% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 13.25% | 13.81% |
| Professional and Related Occupations | 21.29% | 22.68% |
| Service | 9.64% | 14.51% |
| Sales and Office | 27.31% | 25.22% |
| Farming, Fishing, and Forestry | 2.41% | 0.68% |
| Construction, Extraction, and Maintenance | 15.26% | 9.37% |
| Production, Transportation, and Material Moving | 14.86% | 15.86% |
The unemployment rate in Milan township, IL, is 8.40%, with job growth of -0.99%. Future job growth over the next ten years is predicted to be 29.62%.
Milan township, IL Taxes
Milan township, IL,sales tax rate is 6.25%. Income tax is 3.00%.
Milan township, IL Income and Salaries
The income per capita is $26,184, which includes all adults and children. The median household income is $61,457.
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