Pekin, IL is a small town located in central Illinois that is well-known for its low cost of living. The average 2 bedroom rent in Pekin is only $830 compared to the national average of $1,430. Additionally, the grocery cost index here in Pekin is 93 compared to the national index of 100, making groceries much more affordable here.
There are many local businesses and shopping centers located in Pekin including UniTech Services Group which provides industrial automation services, Pekin Mall which has plenty of retail stores to meet all your shopping needs and Geiser's Steakhouse which is a great place for dinner with family or friends. Additionally, there are many fast food restaurants such as McDonalds and Burger King as well as several sit down dining experiences like Magoo’s Grill & Pub or LaGondola Pizza & Pasta. No matter what you’re looking for you can find it in Pekin!
Pekin has an unemployment rate of 7.0%. The US average is 6.0%.
Pekin has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 17.8%, which is lower than the US average of 33.5%.
Tax Rates for Pekin
- The Sales Tax Rate for Pekin is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Pekin 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 Pekin
- The average income of a Pekin resident is $24,931 a year. The US average is $28,555 a year.
- The Median household income of a Pekin resident is $50,838 a year. The US average is $69,021 a year.