Elizabeth, IL is a small town in JoDaviess County located in the far northwestern corner of Illinois. It is home to around 2,200 people and offers a quiet lifestyle. The cost of living in Elizabeth is relatively low; 2 bedroom rent is $760 per month while the US average stands at $1,430. In addition to affordable housing, Elizabeth's grocery cost index also stands at 92 compared to 100 nationally. There are many local businesses in town such as Anderson Grocery Store, Smith Creative Consulting Company, Baumgarten Automotive Repair Shop, and Wittenmeyer Family Dental Clinic. All these local businesses offer unique services to the citizens of Elizabeth. These businesses have helped nurture a strong sense of community within the town.
Elizabeth has an unemployment rate of 6.1%. The US average is 6.0%.
Elizabeth has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Elizabeth
- The Sales Tax Rate for Elizabeth is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Elizabeth 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 Elizabeth
- The average income of a Elizabeth resident is $20,660 a year. The US average is $28,555 a year.
- The Median household income of a Elizabeth resident is $43,393 a year. The US average is $69,021 a year.