Bement, IL Economy


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Bement, IL is an ideal place to live and raise a family. The city offers its residents a high quality of life with the average cost of two bedroom rent being $910; this is substantially lower than the national average of $1,430. Additionally, grocery costs are also lower here with the cost index listed at 93 versus 100 in the US. The city has plenty of local businesses and amenities ranging from small restaurants to large supermarkets. The city also boasts several outdoor activities including golf courses, parks, and walking trails throughout the area. Bement is truly an idyllic destination for those looking for an affordable and safe place to call home.

Bement has an unemployment rate of 4.3%. The US average is 6.0%.

Bement has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.

Tax Rates for Bement
- The Sales Tax Rate for Bement is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Bement 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 Bement
- The average income of a Bement resident is $26,771 a year. The US average is $28,555 a year.
- The Median household income of a Bement resident is $60,139 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBement, IllinoisUnited States
  4.36
  -4.4%-6.2%
  32.7%33.5%
  7.3%6.2%
  5.0%4.6%
  $29,105$37,638
  $60,139$69,021
  $77,639$85,028
  Population by Occupation
  2.5%1.2%
  0.0%0.5%
  12.1%6.8%
  18.4%10.0%
  2.1%2.5%
  11.0%11.0%
  4.1%4.8%
  1.5%0.8%
  0.6%1.9%
  4.8%4.7%
  0.7%1.9%
  1.3%7.6%
  0.0%0.1%
  1.3%4.2%
  11.4%9.3%
  15.9%14.0%
  0.0%2.1%
  5.7%7.0%
  4.0%4.8%
  2.7%4.7%
Health
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