Pontiac, IL Economy

Pontiac, Illinois is a small city located in Livingston County. The city has a population of around 11,500 and is home to several popular businesses such as KFC, Subway, and McDonald's. The cost of living in Pontiac is relatively low compared to the US average; 2 bedroom rent in Pontiac is $850 per month compared to the US average of $1,430 per month. In addition, the Grocery Cost Index in Pontiac is 93 versus 100 in the US. This indicates that groceries are lower priced in Pontiac than the rest of the country on average.

Pontiac has an unemployment rate of 5.8%. The US average is 6.0%.

Pontiac has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.

Tax Rates for Pontiac
- The Sales Tax Rate for Pontiac is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Pontiac 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 Pontiac
- The average income of a Pontiac resident is $22,057 a year. The US average is $28,555 a year.
- The Median household income of a Pontiac resident is $50,000 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Pontiac, Illinois	United States
	5.8	6
	-7.1%	-6.2%
	20.6%	33.5%
	7.3%	6.2%
	5.0%	4.6%
	$25,772	$37,638
	$50,000	$69,021
	$69,556	$85,028
Population by Occupation
	0.6%	1.2%
	0.2%	0.5%
	3.6%	6.8%
	18.8%	10.0%
	1.5%	2.5%
	12.8%	11.0%
	0.8%	4.8%
	0.4%	0.8%
	1.5%	1.9%
	4.0%	4.7%
	0.7%	1.9%
	2.5%	7.6%
	0.0%	0.1%
	5.1%	4.2%
	7.5%	9.3%
	16.9%	14.0%
	1.5%	2.1%
	8.3%	7.0%
	4.6%	4.8%
	8.9%	4.7%