Clear Lake, IL is a small town located in McDonough county with a population of just over one thousand people. The rent for a two bedroom apartment in this town is relatively inexpensive at only $900, and the grocery cost index is lower than the US average at 94 as compared to 100. Local companies that have been established in Clear Lake include Clear Lake Grocery, Clear Lake Automotive Repair, and Clear Lake HVAC Services. These businesses provide valuable services to local residents and contribute to the economy of Clear Lake.
Clear Lake has an unemployment rate of 6.3%. The US average is 6.0%.
Clear Lake has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Clear Lake
- The Sales Tax Rate for Clear Lake is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Clear Lake 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 Clear Lake
- The average income of a Clear Lake resident is $25,846 a year. The US average is $28,555 a year.
- The Median household income of a Clear Lake resident is $56,691 a year. The US average is $69,021 a year.