Economy in Aurora, IL

Aurora, IL is a vibrant city comprised of many local businesses, restaurants, and amenities. Popular companies in the area include Hollywood Casino Aurora, ADM Cocoa & Chocolate Aurora, and Fox Valley Mall. The city boasts quality public transportation, numerous parks and recreation facilities, as well as ample shopping opportunities. In addition to these features, Aurora offers affordable two-bedroom rental rates of $1,660 per month which is lower than the U.S average of $1,430 per month. To make living even more cost effective, the grocery cost index in Aurora is 96 compared to 100 in the U.S., making it an attractive place to live for those who seek an affordable lifestyle without sacrificing a great quality of life.

Aurora has an unemployment rate of 6.8%. The US average is 6.0%.

Aurora has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.

Tax Rates for Aurora
- The Sales Tax Rate for Aurora is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Aurora 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 Aurora
- The average income of a Aurora resident is $26,527 a year. The US average is $28,555 a year.
- The Median household income of a Aurora resident is $79,642 a year. The US average is $69,021 a year.