Coal City, Illinois is a small city located in Grundy County with a population of 5,587 according to the 2010 census. It offers residents a unique small-town charm within easy reach of major urban centers. The city is home to several local companies including Coal City Pool & Spa, Coal City Automotive, and Coal City Florist. The cost of living in Coal City is notably lower than the US average. The average 2 bedroom rent in Coal City is $1,260 compared to $1,430 across the US; additionally, the Grocery Cost Index in Coal City is 98 versus 100 in the US. Overall, residents of Coal City enjoy an excellent quality of life at an affordable price.
Coal City has an unemployment rate of 6.6%. The US average is 6.0%.
Coal City has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Coal City
- The Sales Tax Rate for Coal City is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Coal City 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 Coal City
- The average income of a Coal City resident is $28,133 a year. The US average is $28,555 a year.
- The Median household income of a Coal City resident is $77,636 a year. The US average is $69,021 a year.