Aledo, IL is a small town in Mercer County with a population of around 3,600 people. It has an affordable cost of living for residents, with the 2 Bedroom Rent being only $840 compared to the national average of $1,430. Groceries are also relatively inexpensive in Aledo, with their Grocery Cost Index being 93 versus 100 in the US. The town is home to several local businesses such as Main Street Mercantile which sells antiques and collectibles and Aledo Produce Company, a family-owned business that offers fresh fruits and vegetables. Aledo is an ideal place to live for those looking for an affordable cost of living without compromising quality services and amenities.
Aledo has an unemployment rate of 6.4%. The US average is 6.0%.
Aledo has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Aledo
- The Sales Tax Rate for Aledo is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Aledo 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 Aledo
- The average income of a Aledo resident is $22,658 a year. The US average is $28,555 a year.
- The Median household income of a Aledo resident is $53,277 a year. The US average is $69,021 a year.