Grand Ridge, IL is a small city in Illinois with a population of around 4,000 people. It's an ideal community for those who want to enjoy the peacefulness of small town living without sacrificing access to amenities, shopping centers, and other attractions. The average two bedroom rent in Grand Ridge is $890 which is significantly lower than the US average of $1,430. Grocery cost index in Grand Ridge is also much lower than the national average at 93 versus 100 in the US. In terms of employment opportunities, there are some local companies such as B&B Automotive LLC and BBT Construction that offer jobs for locals. All these factors make Grand Ridge an affordable yet comfortable place to live with plenty of interesting activities and events hosted throughout the year.
Grand Ridge has an unemployment rate of 7.3%. The US average is 6.0%.
Grand Ridge has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Grand Ridge
- The Sales Tax Rate for Grand Ridge is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Grand Ridge 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 Grand Ridge
- The average income of a Grand Ridge resident is $27,042 a year. The US average is $37,638 a year.
- The Median household income of a Grand Ridge resident is $61,528 a year. The US average is $69,021 a year.