Cary, IL is a small town located in McHenry County which offers a low cost of living. As mentioned above, the median 2 bedroom rent is $1,540 compared to the US average of $1,430 reflecting approximately 7% lower rental costs than the national average. Additionally, grocery costs are even lower with an index score of 97 versus the 100 in the US. The lower cost of living is beneficial for both residents and businesses that call this town home. Notable companies headquartered in Cary include True Value Hardware, Prairie State Generating Company and Thorntons Inc. With its convenient location and reasonable prices, Cary, IL is an ideal place to live or start a business!
Cary has an unemployment rate of 5.9%. The US average is 6.0%.
Cary 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 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Cary
- The Sales Tax Rate for Cary is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cary 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 Cary
- The average income of a Cary resident is $35,855 a year. The US average is $28,555 a year.
- The Median household income of a Cary resident is $106,940 a year. The US average is $69,021 a year.