Thornton, IL is a small town with a population of about 1,700 people. It's known for providing affordable living opportunities with the average two bedroom rental costing $1,210 per month, which is significantly lower than the national average of $1,430 monthly. Additionally, Thornton has a low Grocery Cost Index score of 93 compared to 100 in the US. The town features businesses such as Breault's Market and LBJ Hardware & Rental that provide locals with easy access to their day-to-day needs. Although these local companies may be more expensive than national chains like Walmart or Target, they offer better customer service and are often willing to go above and beyond for local customers.
Thornton has an unemployment rate of 8.4%. The US average is 6.0%.
Thornton has seen the job market decrease by -9.4% 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 Thornton
- The Sales Tax Rate for Thornton is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Thornton 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 Thornton
- The average income of a Thornton resident is $32,417 a year. The US average is $37,638 a year.
- The Median household income of a Thornton resident is $59,632 a year. The US average is $69,021 a year.