Elgin, Illinois 

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Economy in Elgin, Illinois

Elgin has an unemployment rate of 4.1%. The US average is 3.7%.

Elgin has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.

Tax Rates for Elgin
- The Sales Tax Rate for Elgin is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Elgin 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 Elgin
- The average income of a Elgin resident is $23,532 a year. The US average is $28,555 a year.
- The Median household income of a Elgin resident is $59,832 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYElgin, IllinoisUnited States
  4.1%3.7%
  1.7%1.6%
  28.3%33.5%
  8.5%6.2%
  5.0%4.6%
  $26,277$31,177
  $63,655$57,652
  $73,197$70,850
  POPULATION BY OCCUPATION
  0.3%1.3%
  0.1%0.6%
  5.7%6.2%
  20.5%10.4%
  3.6%2.7%
  10.2%11.6%
  4.5%4.1%
  0.3%0.9%
  2.2%2.1%
  4.3%4.7%
  1.2%1.9%
  4.1%6.7%
  0.4%0.1%
  6.5%4.3%
  7.5%9.3%
  12.1%13.8%
  2.5%2.2%
  6.8%7.4%
  4.4%4.9%
  2.6%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Elgin    9 Reviews
    A nice small city with lots to offer - 3/24/2015
    When I first moved to Elgin 2 years ago I did not like it. I lived in a mobile home park near the river and highway 90 in a senior community that over prices it's lot... Read More

    Start Your Review of Elgin


    Lived in Elgin, IL since 1994 - 9/5/2013
    Hi, as a way of updating the post for Elgin and providing a rebuttal for some of the negative reviews, I've decided to post on this board. I've lived in Elgin since... Read More

    My Town... Elgin [: - 3/11/2010
    I have lived in Elgin my whole life and it is very sad to read these comments about my town.... I'm a senior at South Elgin High School and I will be graduating this... Read More


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    MAPS OF ELGIN, ILLINOIS
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Elgin,Illinois Map
    ZIP CODES IN ELGIN, ILLINOIS
    60120

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