Will, IL County is an economically prosperous and vibrant county located just south of Chicago. Its diverse population includes a variety of ethnicities and backgrounds, making it a great place to live and work. The cost of living in Will County is reasonable; 2 bedroom rent averages around $1,440 per month which is slightly higher than the national average of $1,430. Also, the Grocery Cost Index in Will County is 97 compared to 100 in the US. \nThe area is home to several large companies such as Cresco Labs, Speedway LLC, and Dover Corporation. Smaller businesses also take advantage of this area's economic potential including local greenhouses, farms, and wineries. With its thriving economy and diverse population, Will County offers a great place for families or individuals looking for a home with plenty of opportunity for job growth.
Will County has an unemployment rate of 7.1%. The US average is 6.0%.
Will County has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Will County
- The Sales Tax Rate for Will County is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Will County 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 Will County
- The average income of a Will County resident is $30,791 a year. The US average is $28,555 a year.
- The Median household income of a Will County resident is $95,751 a year. The US average is $69,021 a year.