Erie, IL is a small town located near Chicago and offers its residents a low cost of living. With 2 bedroom rents around $900 per month, it's significantly below the national average of $1,430 for the same size residence. Additionally, grocery costs in Erie are nearly 7% lower than what you would pay on average in the US. The city is home to several companies such as Taylor Farms Illinois LLC, Great Lakes Agri-Business Group and Mersino Filtration Solutions. In summary, Erie provides its residents with an affordable lifestyle allowing them to save money while building their future.
Erie has an unemployment rate of 5.4%. The US average is 6.0%.
Erie has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Erie
- The Sales Tax Rate for Erie is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Erie 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 Erie
- The average income of a Erie resident is $26,722 a year. The US average is $28,555 a year.
- The Median household income of a Erie resident is $83,250 a year. The US average is $69,021 a year.