Economy in Philo, Illinois
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Economy
| Unemployment Rate | 7.60% | 9.10% |
| Recent Job Growth | -1.35% | -0.12% |
| Future Job Growth | 29.70% | 31.25% |
| Sales Taxes | 6.50% | 6.80% |
| Income Taxes | 3.00% | 6.25% |
| Income per Cap. | $28,942 | $27,067 |
| Household Income | $68,020 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 4.29% | 12.10% |
| Income between 15K and 25K | 3.57% | 10.18% |
| Income between 25K and 35K | 7.50% | 10.56% |
| Income between 35K and 50K | 14.11% | 14.98% |
| Income between 50K and 75K | 28.39% | 19.53% |
| Income between 75K and 100K | 21.79% | 12.52% |
| Income between 100K and 150K | 15.35% | 12.14% |
| Income between 150K and 250K | 2.68% | 3.91% |
| Income between 250K and 500K | 2.14% | 3.34% |
| Income greater than 500K | 0.18% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 17.09% | 13.81% |
| Professional and Related Occupations | 22.07% | 22.68% |
| Service | 14.00% | 14.51% |
| Sales and Office | 30.96% | 25.22% |
| Farming, Fishing, and Forestry | 0.13% | 0.68% |
| Construction, Extraction, and Maintenance | 16.02% | 9.37% |
| Production, Transportation, and Material Moving | 10.09% | 15.86% |
The unemployment rate in Philo, IL, is 7.60%, with job growth of -1.35%. Future job growth over the next ten years is predicted to be 29.70%.
Philo, IL Taxes
Philo, IL,sales tax rate is 6.50%. Income tax is 3.00%.
Philo, IL Income and Salaries
The income per capita is $28,942, which includes all adults and children. The median household income is $68,020.
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