Granite City, IL is a city located in Madison County in the Metro East region of Illinois. It has a rich industrial and manufacturing history with notable companies like U.S. Steel, American Steel Foundry, and Granite City Specialty Steel all having plants in the area. The cost of living can be quite affordable compared to many other parts of the country. Rent for a two-bedroom apartment is $840, which is significantly lower than the national average of $1,430 for two bedrooms. Groceries are also cheaper here with an index rating of 92 versus 100 at the national level. This makes Granite City an attractive place to live for those looking for affordability without sacrificing quality of life.
Granite City has an unemployment rate of 7.0%. The US average is 6.0%.
Granite City has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Granite City
- The Sales Tax Rate for Granite City is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Granite 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 Granite City
- The average income of a Granite City resident is $22,397 a year. The US average is $28,555 a year.
- The Median household income of a Granite City resident is $53,757 a year. The US average is $69,021 a year.