Addison, IL is a great place to live. It has many local businesses such as Advocate Medical Group, Wakefield & Associates, and Banco Popular that make it a vibrant place to be. The two bedroom rent in Addison is surprisingly lower than that of the US as a whole at $1,310 versus $1,430 respectively. Grocery costs are also relatively low in Addison with an index of 97 compared to 100 in the US. All these factors make Addison a desirable location for those looking to save money while still enjoying the amenities of city life.
Addison has an unemployment rate of 7.3%. The US average is 6.0%.
Addison 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 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Addison
- The Sales Tax Rate for Addison is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Addison 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 Addison
- The average income of a Addison resident is $24,695 a year. The US average is $28,555 a year.
- The Median household income of a Addison resident is $75,960 a year. The US average is $69,021 a year.