Belknap, IL Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Illinois / No Metro Area / Johnson County / Belknap / Zip Codes
equestId":"61c795a5-bdfd-4093-bb7f-c79dca0b8dc3","resource":"content","data":[{"id":"txt_d245cf5e16154b52a7669f66114113d3","text":"\nBelknap, IL is a small town located in Will County, Illinois. It has a population of around 3,000 people and is known for its small-town charm and friendly atmosphere. The cost of living is relatively low, with 2 bedroom rent being only $870 per month compared to the US average of $1,430. Grocery costs are also lower than the national average, as evidenced by a grocery cost index score of 91 versus 100 in the US. There are many local companies in Belknap that help give it its unique character including Wilson Financial Group, Stewart Plumbing Services, Fred's Family Restaurant and Belknap Liquors & Deli.

Belknap has an unemployment rate of 6.7%. The US average is 6.0%.

Belknap has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.

Tax Rates for Belknap
- The Sales Tax Rate for Belknap is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Belknap 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 Belknap
- The average income of a Belknap resident is $21,203 a year. The US average is $37,638 a year.
- The Median household income of a Belknap resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBelknap, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
Health
Compare Belknap, IL
cost of living
Compare food, housing, utilities, and more in Belknap, Illinois to any other city in the US.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.