Chicago, Illinois 

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Economy in Chicago, Illinois

Chicago has an unemployment rate of 9.0%. The US average is 6.0%.

Chicago 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 25.7%, which is lower than the US average of 33.5%.

Tax Rates for Chicago
- The Sales Tax Rate for Chicago is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago 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 Chicago
- The average income of a Chicago resident is $28,623 a year. The US average is $28,555 a year.
- The Median household income of a Chicago resident is $47,831 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYChicago, IllinoisUnited States
  9.0%6.0%
  -9.4%-6.2%
  25.7%33.5%
  10.3%6.2%
  5.0%4.6%
  $32,560$31,177
  $52,497$57,652
  $61,618$70,850
  POPULATION BY OCCUPATION
  0.1%1.3%
  0.0%0.6%
  4.0%6.2%
  8.9%10.4%
  2.4%2.7%
  9.2%11.6%
  5.6%4.1%
  0.5%0.9%
  2.3%2.1%
  6.0%4.7%
  2.2%1.9%
  10.3%6.7%
  0.1%0.1%
  5.0%4.3%
  9.6%9.3%
  13.2%13.8%
  2.3%2.2%
  8.9%7.4%
  5.2%4.9%
  4.2%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Chicago    269 Reviews
    Good and Bad - 11/15/2022
    A fun city to live in with great food! Housing isn't terrible compared to other big cities. The cyclists who think they own the streets and paths drive me crazy. People... Read More

    Start Your Review of Chicago


    Capital of the Midwest, Just Dont Buy a House - 8/17/2022
    I've spent my time between Chicago and Atlanta and in the end I chose to buy a home in Atlanta. Chicago is a cultural icon and no doubt the capital of the Midwest. I've... Read More

    Underrated - 4/16/2022
    This place is so underrated. I just want to thank all the people leaving as you are making it cheaper for me to move in.... Read More


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    COMPARE COST OF LIVING
    Compare Chicago, Illinois to any other place in the USA.

    MAPS OF CHICAGO, ILLINOIS
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time. You can also use our New Interactive Map to explore places.Chicago,Illinois Map
    ZIP CODES IN CHICAGO, ILLINOIS
    60629, 60618, 60632, 60639, 60623, 60647, 60617, 60625, 60608, 60634, ... 56 more

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