Baldwin, IL is a great place to live for those looking for an affordable lifestyle. The average 2 bedroom rent in Baldwin is $710 which is significantly lower than the national average of $1,430. Grocery cost index in the city is also lower than the national average at 93 versus 100 respectively. Baldwin, IL has many local companies that contribute to its economy such as Green Tractors Inc., GCI Shopfitters, and B&M Auto Repair. Compared to other cities around the US, Baldwin offers an economical living with lower rent and grocery costs.
Baldwin has an unemployment rate of 4.4%. The US average is 6.0%.
Baldwin 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 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Baldwin
- The Sales Tax Rate for Baldwin is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Baldwin 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 Baldwin
- The average income of a Baldwin resident is $18,125 a year. The US average is $28,555 a year.
- The Median household income of a Baldwin resident is $42,500 a year. The US average is $69,021 a year.