Bingham, IL is an inviting community with plenty of opportunities to offer its residents. Local companies in Bingham include retail stores such as Walmart, Target and grocery stores like Jewel Osco and Aldi. Rent for a two-bedroom apartment is relatively inexpensive, at $680 per month compared to $1,430 for the same size across the US. The Grocery Cost Index in Bingham is also lower than the national average at 96 versus 100 in the US, making food costs reasonable too. All together, living in Bingham provides a good balance of affordability and amenities that make it a great option for those looking to settle down.
Bingham has an unemployment rate of 6.2%. The US average is 6.0%.
Bingham has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Bingham
- The Sales Tax Rate for Bingham is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Bingham 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 Bingham
- The average income of a Bingham resident is $14,462 a year. The US average is $37,638 a year.
- The Median household income of a Bingham resident is $47,500 a year. The US average is $69,021 a year.