Burnham, IL is a great place to live and work. Located in Cook County, Burnham offers plenty of amenities such as parks, schools, and shopping. The area has many local businesses such as Midwest Family Broadcasting Service Inc., First American Bank Corporation, and NLP Construction LLC. In addition to these businesses, Burnham also has an affordable cost of living with the average two bedroom rental rate being $1,130 which is significantly less than the US average of $1,430. The Grocery Cost Index in Burnham is 93 compared to 100 in the US which makes it a great place for anyone looking for an affordable place to live.
Burnham has an unemployment rate of 8.4%. The US average is 6.0%.
Burnham has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Burnham
- The Sales Tax Rate for Burnham is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Burnham 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 Burnham
- The average income of a Burnham resident is $17,612 a year. The US average is $28,555 a year.
- The Median household income of a Burnham resident is $50,556 a year. The US average is $69,021 a year.