Crestwood, IL is a great place to live with affordable prices on rent and groceries. The median two bedroom rent in Crestwood is $1,370 while the US median price for two bedroom rent is much higher at $1,430. Grocery costs in Crestwood are also lower than the national average with a grocery cost index of 95 compared to 100 in the US. This makes living in Crestwood very attractive and allows for more savings. Local companies like McDonalds, Ace Hardware, and Walgreens offer employment opportunities that help keep costs low for residents. With all these factors considered it is easy to see why so many people choose to live in Crestwood and enjoy its low cost of living.
Crestwood has an unemployment rate of 8.4%. The US average is 6.0%.
Crestwood 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 Crestwood
- The Sales Tax Rate for Crestwood is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Crestwood 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 Crestwood
- The average income of a Crestwood resident is $27,945 a year. The US average is $28,555 a year.
- The Median household income of a Crestwood resident is $65,074 a year. The US average is $69,021 a year.