Markham, IL is a small city located in Cook County with a population of around 12,500 people. Markham offers its residents various amenities including great schools, parks and recreation, shopping areas, restaurants and local businesses. Local Markham companies include Menards Home Improvement Warehouse, Walmart Supercenter, Red Lobster Seafood Restaurant, and Topgolf. When compared to the US average for rent costs of $1,430 per month for a two bedroom home or apartment, Markham's rent is slightly higher at an average of $1,630 per month. However when it comes to groceries the US index is at 100 whereas Markham is only 92 making groceries more affordable for residents living in Markham than the rest of the US.
Markham has an unemployment rate of 8.4%. The US average is 6.0%.
Markham 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 Markham
- The Sales Tax Rate for Markham is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Markham 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 Markham
- The average income of a Markham resident is $16,337 a year. The US average is $28,555 a year.
- The Median household income of a Markham resident is $43,835 a year. The US average is $69,021 a year.