Brooklyn, IL is a small town located in Illinois with an estimated population of 2,848. It is known for its friendly people and diverse economy. Local companies include Sarto's Bar & Grill, O'Malley's Pub & Grill, Brooklyn Motel & Restaurant, and Calvary Baptist Church. The cost of living in Brooklyn is below average compared to the US. Rent for a two bedroom apartment is around $860 while the national average is $1,430. Even groceries are cheaper here with the Grocery Cost Index at 88 compared to 100 in the US. Overall, Brooklyn provides a good quality of life with its low cost of living and local businesses.
Brooklyn has an unemployment rate of 6.7%. The US average is 6.0%.
Brooklyn has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Brooklyn
- The Sales Tax Rate for Brooklyn is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Brooklyn 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 Brooklyn
- The average income of a Brooklyn resident is $24,929 a year. The US average is $37,638 a year.
- The Median household income of a Brooklyn resident is $0 a year. The US average is $69,021 a year.