Downers Grove, IL is a vibrant suburb of Chicago with plenty to offer its residents. Not only is it home to several popular employers such as Advocate Health Care, Dover Corporation, and HR Green, but it also has an affordable cost of living. The average rent for a two-bedroom apartment in Downers Grove is $1,680 compared to the US average of $1,430. Additionally, its grocery cost index is on par with the national average at 100. With so much to offer at a fair cost of living, it's no wonder Downers Grove continues to be a sought after destination for those looking for a place to call home.
Downers Grove has an unemployment rate of 4.7%. The US average is 6.0%.
Downers Grove 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 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Downers Grove
- The Sales Tax Rate for Downers Grove is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Downers Grove 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 Downers Grove
- The average income of a Downers Grove resident is $42,538 a year. The US average is $28,555 a year.
- The Median household income of a Downers Grove resident is $105,217 a year. The US average is $69,021 a year.