Westmont, IL Economy


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Westmont, IL is a great place to live due to its low cost of living and small-town charm. The average 2 bedroom rent in Westmont is slightly higher than the national average at $1,450 compared to $1,430. Additionally, the Grocery Cost Index in Westmont is 99 which is lower than the US average of 100. In Westmont you can find many different local companies such as Home Run Inn Pizza, Maria's Mexican Restaurant, and Urban Orchard Cider Company. There are also many shops and stores such as Claire's Boutique and CVS Pharmacy. With lower rent prices and a lower Grocery Cost Index than the US average, Westmont offers an affordable place to live with plenty of activities for residents.

Westmont has an unemployment rate of 5.3%. The US average is 6.0%.

Westmont 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 27.1%, which is lower than the US average of 33.5%.

Tax Rates for Westmont
- The Sales Tax Rate for Westmont is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Westmont 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 Westmont
- The average income of a Westmont resident is $33,233 a year. The US average is $28,555 a year.
- The Median household income of a Westmont resident is $76,534 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWestmont, IllinoisUnited States
  5.36
  -9.5%-6.2%
  27.1%33.5%
  7.5%6.2%
  5.0%4.6%
  $44,543$37,638
  $76,534$69,021
  $105,977$85,028
  Population by Occupation
  0.2%1.2%
  0.1%0.5%
  4.0%6.8%
  10.0%10.0%
  3.9%2.5%
  9.7%11.0%
  6.7%4.8%
  0.6%0.8%
  2.9%1.9%
  6.2%4.7%
  2.1%1.9%
  11.4%7.6%
  0.0%0.1%
  3.0%4.2%
  7.6%9.3%
  14.1%14.0%
  3.6%2.1%
  7.3%7.0%
  3.6%4.8%
  2.7%4.7%
Reviews for Westmont
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It's a great place for the indian community. good school district, safe and lots of indians.  More

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