Chester, IL is a small city located in Randolph County. It has a population of 8,586 and is known for its rich historical past. The cost of living in Chester is significantly lower than the US average, with 2 bedroom rents at $680 as opposed to $1,430 in the US. Additionally, the Grocery Cost Index in Chester is 94 versus 100 in the US. This makes it an attractive place to live and work due to its low costs. There are several local businesses that make Chester a great place to live including: Randolph County State Bank, Centerstone Financials Group LLC, Flammang & Associates CPA's PC, and Dabit Construction LLC. All these companies along with lower cost of living make Chester a desirable place to live.
Chester has an unemployment rate of 4.4%. The US average is 6.0%.
Chester has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Chester
- The Sales Tax Rate for Chester is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Chester 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 Chester
- The average income of a Chester resident is $13,581 a year. The US average is $28,555 a year.
- The Median household income of a Chester resident is $56,368 a year. The US average is $69,021 a year.