Plano, IL is a small city located near Chicago. It offers affordable housing with an average 2 bedroom rent at $1,030 compared to the US average of $1,430. The grocery cost index compared to the US is 97, making it more affordable than most places in the US. Local companies include Home Depot, Target, and Walmart. Additionally, there are many other local businesses such as restaurants and stores that contribute to the economy of Plano, IL. It is an attractive place to live due to its low cost of living and close proximity to larger cities like Chicago.
Plano has an unemployment rate of 5.8%. The US average is 6.0%.
Plano 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 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Plano
- The Sales Tax Rate for Plano is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Plano 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 Plano
- The average income of a Plano resident is $22,070 a year. The US average is $28,555 a year.
- The Median household income of a Plano resident is $82,883 a year. The US average is $69,021 a year.