Kankakee, IL is a small city located in northeast Illinois with a population of 27,537. It is an ideal location for those looking for affordable rent- the average 2 bedroom apartment cost $1,050 compared to the US average of $1,430. Living costs are further discounted by the Grocery Cost Index, which is 92 versus 100 in the US. Kankakee is home to many local companies such as Bobcat of Kankakee County Inc., Econo-Lodge and Burger King restaurant. It's also close to other major cities like Chicago and Indianapolis which makes it a great spot for commuters or travelers. Overall, Kankakee offers affordable rent prices and living costs as well as access to big cities making it an attractive place to live.
Kankakee has an unemployment rate of 11.8%. The US average is 6.0%.
Kankakee has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 36.0%, which is higher than the US average of 33.5%.
Tax Rates for Kankakee
- The Sales Tax Rate for Kankakee is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Kankakee 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 Kankakee
- The average income of a Kankakee resident is $16,077 a year. The US average is $28,555 a year.
- The Median household income of a Kankakee resident is $38,869 a year. The US average is $69,021 a year.