Hampshire, IL is a lovely town in Northern Illinois that offers its residents plenty of opportunities to live, work and play. As of 2019, the median two bedroom rent was $1,960 which is noticeably higher than the US median of $1,430. However, the Grocery Cost Index in Hampshire is lower than the US average at 98 versus 100. There are numerous local companies and organizations in Hampshire such as Maasdam Barns LLC, D&Q Dance Studio and Hampshire Community Bank. Together they provide excellent services and products to the residents of Hampshire and surrounding areas.
Hampshire has an unemployment rate of 7.1%. The US average is 6.0%.
Hampshire has seen the job market decrease by -9.1% 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 Hampshire
- The Sales Tax Rate for Hampshire is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Hampshire 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 Hampshire
- The average income of a Hampshire resident is $48,639 a year. The US average is $37,638 a year.
- The Median household income of a Hampshire resident is $97,927 a year. The US average is $69,021 a year.