Rosemont, IL is a small city located in Cook County with a population of 4,202. It has been growing rapidly recently due to its close proximity to O'Hare International Airport and Chicago. The cost of living in Rosemont is relatively low compared to the national average. For example, the average rent for a 2 bedroom apartment is $1,230 in Rosemont while it is $1,430 elsewhere in the US. Additionally, the Grocery Cost Index in Rosemont is 97 compared to 100 nationally.
Rosemont is home to many popular local companies such as MB Financial Bank and BMO Harris Bank. Many large corporations also have their offices in Rosemont including United Airlines, Hilton Hotels & Resorts and Motorola Solutions. All of these businesses contribute significantly to the economy of Rosemont and help maintain low prices for goods and services.
Rosemont has an unemployment rate of 8.4%. The US average is 6.0%.
Rosemont 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 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Rosemont
- The Sales Tax Rate for Rosemont is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Rosemont 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 Rosemont
- The average income of a Rosemont resident is $25,378 a year. The US average is $28,555 a year.
- The Median household income of a Rosemont resident is $62,148 a year. The US average is $69,021 a year.