Channahon, IL is a small village located in Will County. It is known for its small-town charm and scenic views of the Fox River. The cost of living in Channahon is slightly higher than the national average, with a 2 bedroom rental averaging $1,660 compared to the US average of $1,430. Grocery costs are also slightly higher in Channahon, with an index of 97 compared to 100 in the US. Popular local companies include Inland Real Estate Corporation and Paradigm Design Group Inc., as well as numerous family businesses that call Channahon home. All in all, Channahon is an ideal community for those looking for a peaceful life with plenty of outdoor activities nearby and easy access to amenities such as stores and restaurants.
Channahon has an unemployment rate of 7.1%. The US average is 6.0%.
Channahon 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 Channahon
- The Sales Tax Rate for Channahon is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Channahon 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 Channahon
- The average income of a Channahon resident is $30,757 a year. The US average is $28,555 a year.
- The Median household income of a Channahon resident is $105,156 a year. The US average is $69,021 a year.