Economy in Palos township, Illinois
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Economy
| Unemployment Rate | 8.90% | 9.10% |
| Recent Job Growth | -1.02% | -0.12% |
| Future Job Growth | 29.06% | 31.25% |
| Sales Taxes | 9.00% | 6.80% |
| Income Taxes | 3.00% | 6.25% |
| Income per Cap. | $32,872 | $27,067 |
| Household Income | $66,246 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 6.57% | 12.10% |
| Income between 15K and 25K | 7.12% | 10.18% |
| Income between 25K and 35K | 9.07% | 10.56% |
| Income between 35K and 50K | 13.69% | 14.98% |
| Income between 50K and 75K | 21.25% | 19.53% |
| Income between 75K and 100K | 15.02% | 12.52% |
| Income between 100K and 150K | 17.93% | 12.14% |
| Income between 150K and 250K | 4.48% | 3.91% |
| Income between 250K and 500K | 4.23% | 3.34% |
| Income greater than 500K | 0.65% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 15.37% | 13.81% |
| Professional and Related Occupations | 21.32% | 22.68% |
| Service | 11.22% | 14.51% |
| Sales and Office | 25.86% | 25.22% |
| Farming, Fishing, and Forestry | 0.06% | 0.68% |
| Construction, Extraction, and Maintenance | 9.73% | 9.37% |
| Production, Transportation, and Material Moving | 15.68% | 15.86% |
The unemployment rate in Palos township, IL, is 8.90%, with job growth of -1.02%. Future job growth over the next ten years is predicted to be 29.06%.
Palos township, IL Taxes
Palos township, IL,sales tax rate is 9.00%. Income tax is 3.00%.
Palos township, IL Income and Salaries
The income per capita is $32,872, which includes all adults and children. The median household income is $66,246.
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