Economy in Philo township, 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 | 7.75% | 6.80% |
| Income Taxes | 3.00% | 6.25% |
| Income per Cap. | $29,170 | $27,067 |
| Household Income | $70,636 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 3.37% | 12.10% |
| Income between 15K and 25K | 3.11% | 10.18% |
| Income between 25K and 35K | 6.48% | 10.56% |
| Income between 35K and 50K | 14.25% | 14.98% |
| Income between 50K and 75K | 27.72% | 19.53% |
| Income between 75K and 100K | 23.06% | 12.52% |
| Income between 100K and 150K | 17.49% | 12.14% |
| Income between 150K and 250K | 2.72% | 3.91% |
| Income between 250K and 500K | 1.68% | 3.34% |
| Income greater than 500K | 0.13% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 16.40% | 13.81% |
| Professional and Related Occupations | 20.97% | 22.68% |
| Service | 14.01% | 14.51% |
| Sales and Office | 30.70% | 25.22% |
| Farming, Fishing, and Forestry | 0.10% | 0.68% |
| Construction, Extraction, and Maintenance | 14.49% | 9.37% |
| Production, Transportation, and Material Moving | 10.01% | 15.86% |
The unemployment rate in Philo township, 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 township, IL Taxes
Philo township, IL,sales tax rate is 7.75%. Income tax is 3.00%.
Philo township, IL Income and Salaries
The income per capita is $29,170, which includes all adults and children. The median household income is $70,636.
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