Maywood, IL Economy

Maywood, IL is a small town located in Cook County, Illinois. With a population of 24,090 according to the 2019 census, it is an affordable place to live with the median rent for a two-bedroom apartment being $1,240 compared to the US median of $1,430. Maywood is home to several businesses including Apple Tree Grocery Store and Maywood Cafe. The Grocery Cost Index for Maywood is 95 versus 100 in the US, making groceries in Maywood on average 5% cheaper than the national average.

Maywood has an unemployment rate of 15.2%. The US average is 6.0%.

Maywood 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 21.2%, which is lower than the US average of 33.5%.

Tax Rates for Maywood
- The Sales Tax Rate for Maywood is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Maywood 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 Maywood
- The average income of a Maywood resident is $19,646 a year. The US average is $28,555 a year.
- The Median household income of a Maywood resident is $58,764 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Maywood, Illinois	United States
	15.2	6
	-9.4%	-6.2%
	21.2%	33.5%
	10.3%	6.2%
	5.0%	4.6%
	$25,136	$37,638
	$58,764	$69,021
	$71,597	$85,028
Population by Occupation
	0.0%	1.2%
	0.1%	0.5%
	4.0%	6.8%
	14.2%	10.0%
	3.6%	2.5%
	10.0%	11.0%
	12.7%	4.8%
	1.1%	0.8%
	1.7%	1.9%
	3.8%	4.7%
	1.2%	1.9%
	2.9%	7.6%
	0.0%	0.1%
	6.2%	4.2%
	6.6%	9.3%
	18.4%	14.0%
	1.5%	2.1%
	5.8%	7.0%
	2.0%	4.8%
	4.3%	4.7%