Metropolis, IL is a town with a low cost of living. The average two bedroom rent is $660, which is nearly half of the national average. The Grocery Cost Index for Metropolis, IL is also lower than the national average at 92 versus 100. This makes it an ideal place for those looking to stretch their dollar even further. The town itself has a number of large employers including Happy Folks Co., Metropolitan Bank & Trust Company and M-Tech Solutions providing job security and stability to the city. It also has countless small businesses and entrepreneurs that serve as the backbone of this close-knit community.
Metropolis has an unemployment rate of 6.4%. The US average is 6.0%.
Metropolis has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 14.1%, which is lower than the US average of 33.5%.
Tax Rates for Metropolis
- The Sales Tax Rate for Metropolis is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Metropolis 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 Metropolis
- The average income of a Metropolis resident is $19,181 a year. The US average is $28,555 a year.
- The Median household income of a Metropolis resident is $45,833 a year. The US average is $69,021 a year.