Champaign, IL is a mid-sized city located in the state of Illinois. It's a great place to live due to its low cost of living – two bedroom rent in Champaign is only $1,180 compared to $1,430 in the US as a whole. The Grocery Cost Index is also lower – 95 versus 100 nationally – making it more affordable for residents.
The city boasts many local companies and attractions that make it an attractive destination for locals and visitors alike. For instance, the University of Illinois at Urbana-Champaign provides many job opportunities and brings in students from across the country. The Carle Foundation Hospital offers world-class healthcare services while other corporate entities like Wolfram Research, ADM, State Farm Insurance, and Kraft Foods are also headquartered here. Tourists can enjoy exploring nature at Allerton Park & Retreat Center or taste the delicious food at Big Grove Tavern. There's something for everyone in Champaign!
Champaign has an unemployment rate of 4.9%. The US average is 6.0%.
Champaign has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Champaign
- The Sales Tax Rate for Champaign is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Champaign 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 Champaign
- The average income of a Champaign resident is $25,651 a year. The US average is $28,555 a year.
- The Median household income of a Champaign resident is $52,687 a year. The US average is $69,021 a year.